Enser Communications Limited IPO
Enser Communications Limited IPO
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Enser Communications Limited's successfully completed its Initial Public Offering and commenced trading on 22-03-2024 at the NSE exchange. The company raised 23,10,000 Shares through this public offering, comprising 23,10,000 Shares in fresh capital.
The IPO was priced within the band of ₹70 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 15-03-2024 to 19-03-2024.
Share allotment was finalized on 20-03-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Enser Communications IPO About Company
Enser Communications Limited, established in 2008, is a leading provider of Business Process Management (BPM) services, catering to industries such as insurance, e-commerce, education, and travel. The company operates across four key verticals—customer acquisition, customer services, IT infrastructure management, and data management—offering solutions that include business analytics, CRM systems, and ERP implementation. With a prestigious client portfolio featuring Acko General Insurance Limited and Ola Financial Services Pvt Ltd, Enser delivers tailored services that meet the evolving demands of modern businesses. Supported by a workforce of 780 full-time employees as of December 31, 2023, the company remains committed to innovation and operational excellence, solidifying its reputation as a trusted BPM partner.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Enser Communications IPO Strength Factors
- Experienced Leadership: The company is guided by seasoned promoters and a dedicated management team, ensuring strong strategic direction and operational efficiency.
- Balanced Management Synergy: A combination of young talent and experienced professionals fosters innovation, agility, and sound decision-making, enabling adaptability to market shifts.
- Customer-Centric Focus: Enser emphasizes customer satisfaction by identifying new clients and strengthening existing relationships, which helps build long-term partnerships.
- Commitment to Quality: A stringent quality control mechanism ensures high standards in product and service delivery, reinforcing brand credibility and customer trust.
Enser Communications IPO Risk Factors
- Financial Strain & Negative Cash Flows: Continuous negative cash flows across key activities could lead to liquidity challenges, making it difficult to sustain operations or invest in expansion.
- Unassessed Funding Risks: The lack of appraisal for its funding requirements increases the risk of inefficient fund deployment, potential overruns, and operational delays.
- First-Generation Entrepreneurship Risks: While entrepreneurial leadership can bring fresh perspectives, limited industry experience may lead to strategic and operational inefficiencies.
- Ongoing Net Losses & Rising Expenses: A history of losses and anticipated cost increases could weaken financial stability, making it harder to attract investors and sustain business growth.
Enser Communications IPO Lead Manager(s)
- Fast Track Finsec Private Limited
Enser Communications IPO Promoter(s)
- Mr. Harihara Subramanian Iyer
- Mr. Rajnish Omprakash Sarna
- Mrs. Gayatri Rajnish Sarna
- Mrs. Sindhu Saseedharan Nair
Enser Communications IPO FAQs
Enser Communications Limited IPO subscribed 7.33 times. The public issue subscribed 10.91 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:40:15 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Enser Communications IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Enser Communications IPO FAQs
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