Enser Communications, incorporated on May 28, 2008, operates in the communications sector, offering a range of services including call center operations, outsourcing, database management, web services, and information systems. It also engages in software and hardware sales and maintenance, along with knowledge-based projects. The company extends its activities to trading, exporting, and importing communication equipment, providing networking services, mobile services, computer programming, data processing, e-commerce, and internet services. Furthermore, it offers management information system services, customer contract development, training, certification, and educational facilities.
| Bidding Dates |
|---|
| 15 Mar 2024 - 19 Mar 2024 |
| Subscription |
|---|
| 6.96x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,40,000 | 1 | 1 | 2000 | 2.3 M | ₹70 | 66.24 % | ₹161.7 M | RHP DOC |
Enser Communications IPO SUBSCRIPTION STATUS
19 Mar '24Enser Communications IPO overall subscription rate was 6.96 times the total available shares
Enser Communications IPO retail subscription rate was 10.36 times in the retail segment
Enser Communications IPO non-institutional investor subscription rate was 3.56 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
19 Mar 2024 (Day 3) | 10.36x | 3.56x | - |
18 Mar 2024 (Day 2) | 5.07x | 1.39x | - |
15 Mar 2024 (Day 1) | 1.73x | 0.56x | - |
Enser Communications FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 21.4 | 180.9 | 9.0 | 7.3 | 19.2% |
| FY23 | 16.0 | 254.1 | -22.9 | -32.3 | 11.9% |
| FY22 | 7.8 | 166.0 | 16.2 | 8.0 | 12.7% |
| FY21 | -1.2 | 92.4 | 8.8 | 8.1 | 6.9% |
Enser Communications IPO SUBSCRIPTION STATUS DETAILS
Enser Communications had 2.3 M shares on offer
Enser Communications IPO offer price was ₹70
Enser Communications IPO minimum Investment was ₹140000
Enser Communications IPO issue size was ₹ 161.7 M
Enser Communications had a minimum lot size of 2000 Shares per application
Enser Communications NUMBER OF SHARES ON OFFER
Enser Communications IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2024 |
| Issue close Date | 19 Mar 2024 |
| Allotment Date | 20 Mar 2024 |
| Refund Date | 21 Mar 2024 |
| Demat Account Credit Date | 21 Mar 2024 |
| Listing Date | 22 Mar 2024 |
| Listing on Exchange(s) | NSE |
| Enser Communications Allotment Status | Exchange |
Enser Communications IPO subscription opened on 15 Mar 2024, and closed on 19 Mar 2024
IPO allotment for Enser Communications was finalized on Wednesday, 20 Mar 2024
IPO listing for Enser Communications was on NSE on Friday, 22 Mar 2024
Enser Communications IPO LISTING GAINS
| Issue Price (adjusted) | 35.0 |
| Listing Open Price | 72.0 |
| Listing Close Price | 70.1 |
| Listing Gain% | 2.9% |
| Current Gain% | -55.7% |
Enser Communications Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enser Communications Ltd. | 15.5 | 13.5 | 13.5 | -0.2 | 0.1 | 22.7 | 8.7 | 102.2 | 19.6 | 10 | 15.9 | 1.1 | -88.4 |
| Firstsource Solutions Ltd. | 279.8 | 19518.1 | 29.1 | 4.3 | 1.9 | 15.4 | 7.2 | 9563.8 | 19.9 | 674.4 | 13.5 | 9.6 | 6.8 |
| eClerx Services Ltd. | 1769.1 | 16638.5 | 22.8 | 0.8 | 3.8 | 27.6 | 19.1 | 4218.2 | 22.2 | 706.2 | 30.5 | 77.5 | 27.5 |
| Quess Corp Ltd. | 311 | 4645.8 | 18.4 | 0.2 | 0.3 | 19 | 7.3 | 15321.7 | 2.2 | 221.6 | 383.9 | 16.9 | 96.9 |
| Hinduja Global Solutions Ltd. | 428.4 | 1992.9 | -45.9 | 0.7 | 0.5 | 0.4 | 0.3 | 4857 | -2.1 | 32.2 | -73.5 | -9.3 | -62.7 |
| One Point One Solutions Ltd. | 60.3 | 1587.5 | 33.3 | 0.8 | 5.1 | 8.6 | 4.6 | 331 | 22.5 | 38.3 | 15.4 | 1.8 | 43.9 |
Enser Communications INFORMATION ON IPO ISSUE
About Enser Communications
Enser Communications, incorporated on May 28, 2008, operates in the communications sector, offering a range of services including call center operations, outsourcing, database management, web services, and information systems. It also engages in software and hardware sales and maintenance, along with knowledge-based projects. The company extends its activities to trading, exporting, and importing communication equipment, providing networking services, mobile services, computer programming, data processing, e-commerce, and internet services. Furthermore, it offers management information system services, customer contract development, training, certification, and educational facilities.
Object of the Issue
- Setting up of new service unit
- To meet out the working capital requirements of the company
- To meet out the general corporate purposes
- To meet out the issue expenses
Enser Communications - PROMOTERS
| Name |
|---|
| Rajnish Omprakash Sarna |
| Harihara Subramanian Iyer |
| Gayatri Rajnish Sarna |
| Sindhu Saseedharan Nair |
Enser Communications Lead Manager to the Issue
Fast Track Finsec Private Limited
vikasverma@ftfinsec.com
Enser Communications Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Enser Communications Strengths
Customers
The company is committed to providing solutions for customer acquisition and interaction management and has established strategic partnerships with a variety of distinguished brands
Diverse service portfolio
The company's service portfolio spans a broad spectrum, covering integrated telephony management, customer relationship management, sales management, order booking management, IVR solution management, and dynamic client interaction management solutions
Enser Communications Risks
Negative cash flows
The company has experienced negative cash flows from its operating, investing, and financing activities in the current and past years. Sustained negative cash flow could negatively impact growth and business operations
Competitive industry
The company operates in a competitive industry, and any failure to compete effectively may lead to a decline in market share
IPO FAQs
Enser Communications Ltd. IPO listing opened at Rs 72.00 while the issue price was Rs 70.00 giving 2.86% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 35.00 giving -55.71% gains since its IPO listing.
The promoters of the company are Rajnish Omprakash Sarna, Harihara Subramanian Iyer, Gayatri Rajnish Sarna and Sindhu Saseedharan Nair.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 70.0 - 70.0.
The IPO application opens on Mar 15, 2024 and closes on Mar 19, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 140,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Mar 20, 2024.
The refund will be credited to your account on Mar 21, 2024.
The allotted shares will be credited to your demat on Mar 21, 2024.
Enser Communications Ltd.’s shares listed on the stock exchanges on Mar 22, 2024.