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Enser Communications IPO
Price Band
₹
Issue Size
₹16.17 Cr
Lot Size
2,000 shares
Min Investment
₹140,000
GMP
—
Issue Price
₹70.0
Enser Communications IPO AI Summary
- Enser Communications IPO is listed on NSE SME in the IT Enabled Services sector.
- Subscription window: 15 Mar–19 Mar 2024, listing on 22 Mar 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Enser Communications IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Enser Communications IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2008, Enser Communications Limited offers Business Process Management (BPM) services to companies in the insurance, e-commerce, education and travel sectors. Enser has 4 main business verticals: Customer Acquisition Services Customer services IT infrastructure management services Data management services Under these verticals, the company provides business analytics, customer relationship management (CRM), interactive voice response systems (IVRS), customer interaction management solutions, technology-enabled infrastructure development, technology-enabled solutions - payment reminder/collection/subscription collection, process re-engineering, transaction monitoring systems, ERP implementation and maintenance, application development - customer relationship management, web chat services, application/transaction processing, debt collection, sales & lead generation, customer support, business process outsourcing (BPO) / business process management (BPM), knowledge process consulting, contact center, and customer acquisition services. The company's clients include Acko General Insurance Limited, Ola Financials Services Pvt Ltd, Metis Eduventures Pvt Ltd, National Health Authority (Government), Reliance Nippon Life Insurance Company Ltd, Class 21A Technologies Pvt Ltd, Acko Technology & Services Pvt ltd, Girnar Finserv Pvt ltd, Gaadi web Private Limited, and G C web ventures Pvt Ltd. As of December 31, 2023, the company had a total of 780 full-time employees.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 17.99 | 13.84 | 8.70 | 6.62 |
| Total Income | 18.16 | 25.91 | 16.86 | 9.61 |
| Profit After Tax | 2.14 | 1.60 | 0.78 | -0.12 |
| NET Worth | 6.53 | 3.95 | 2.35 | 1.57 |
| Reserves and Surplus | 6.52 | 3.94 | 2.34 | 1.56 |
| Total Borrowing | 7.09 | 6.32 | 3.09 | 2.77 |
Key Ratios
EPS
₹2.50
NAV
₹10.84
ROE
32.76%
ROCE
34.61%
RoNW
32.76%
P/B Value
6.46
P/E Ratio
28.02
Market Cap
₹61.01 Cr
PAT Margin
213.98%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Eclerx Services Ltd. | 241.25 | 0.32% | 33.81 | 76.45 |
| Hinduja Global Solutions Ltd. | 839.16 | 0.05% | 16.09 | 62.84 |
| One Point One Solutions Limited | 2.78 | 0.16% | 108.08 | 0.47 |
| Enser Communications Limited This IPO | 6.57 | 0.4% | 26.32 | 2.66 |
Promoters
Harihara Subramanian Iyer, Rajnish Omprakash Sarna, Gayatri Rajnish Sarna and Sindhu Saseedharan Nair
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up of new service unit 7.25 2 Working Capital Requirement 4.37 3 General Corporate Purposes 3.85
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹16.86 Cr in the year ending 31 Mar 2022, increasing to ₹25.91 Cr by 31 Mar 2023. However, it decreased to ₹18.16 Cr by 30 Sep 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.78 Cr in the year ending 31 Mar 2022, rising to ₹1.60 Cr by 31 Mar 2023. It further increased to ₹2.14 Cr by 30 Sep 2023, though this figure is also from a 9-month period, making direct comparison with the previous full year less straightforward.
Valuation
Enser Communications Limited has an implied P/E of 26.32 at the issue price, compared to peers trading at P/E ratios ranging from 16.09 to 108.08.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares of an IPO are traded before they are listed on the stock exchange. It can give an indication of the expected listing price but is not a guaranteed predictor of actual performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's important to consider the company's business model and growth prospects.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can experience significant price fluctuations in the initial trading period.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is 15 March 2024, closing on 19 March 2024, with allotment scheduled for 20 March 2024 and listing on 22 March 2024.
Listing Gains — The Risk
Listing gains on the first day of trading can be unpredictable. While some IPOs may see significant increases, others can decline in value. Investors should be prepared for potential volatility on listing day.
This evaluation is generated from Enser Communications's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Enser Communications IPO open and close?
Enser Communications IPO opens on 15 March 2024 and closes on 19 March 2024.
When does Enser Communications IPO list on the stock exchange?
Enser Communications IPO listed on 22 March 2024 at ₹70.0.
What is the lot size for Enser Communications IPO?
The lot size for Enser Communications IPO is 2000 shares, requiring a minimum investment of ₹140,000.
What is the issue price of the Enser Communications IPO?
The issue price is ₹70.0.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the lot size for this IPO?
The lot size is 2000 shares.
When does the IPO open and close?
The IPO opens on 15 March 2024 and closes on 19 March 2024.
When is the listing date for the Enser Communications IPO?
The listing date is 22 March 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Mar 2024
Close
19 Mar 2024
Allotment
20 Mar 2024
Listing
22 Mar 2024
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