Enser Communications IPO: Invest or not? Know complete details!

Enser Communications IPO: Enser Communications IPO will open for subscription tomorrow i.e. beginning on March 15 and ending on March 19. Ensor Communication Company wants to raise Rs 16 crore through IPO. Today in this article we will learn about Enser Communications IPO GMP, price band, Lot Size, allotment, Listing etc.

Enser Communications IPO Details

The IPO of Ensor Communications, a company operating in the education and travel sector, will open for subscription on Friday, March 15, 2024, and investors can invest till Tuesday, March 19, 2024. Ensor Communications Company wants to raise Rs 16.17 crore through IPO and the company will issue 23.1 lakh shares.

IPO DateMarch 15, 2024 to March 19, 2024
Listing Date[.]
Face Value₹10 per share
Price₹70 per share
Lot Size2000 Shares
Total Issue Size2,310,000 shares (aggregating up to ₹16.17 Cr)
Fresh Issue2,310,000 shares( aggregating up to ₹16.17 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue6,406,059
Share holding post issue8,716,059
Market Maker portion118,000 shares

Enser Communications IPO Price

Enser Communications IPO
Enser Communications IPO

The price band of Ensor Communication IPO has been fixed at Rs 70 per share. Ensor Communications IPO is an SME IPO. Along with this, another SME IPO is going to open tomorrow named KP Green Engineering IPO.

Enser Communications IPO Lot Size

The lot size of Ensor Communication IPO is 2000 shares. And investors can also bid in multiples thereof. Retail investors will have to invest at least Rs 140,000 in the IPO. Whereas for HNI the minimum lot size investment is 2 lots, the amount of which is Rs 280 thousand.

ApplicationLotsSharesAmount
Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Enser Communications IPO Allotment

Enser Communications IPO
Enser Communications IPO

The allotment for Ensor Communication IPO is expected to be finalized on Wednesday, March 20, 2024. If you want to invest in an IPO tomorrow, then let us tell you that APV Infracon IPO is going to close tomorrow i.e. on 15th March.

IPO Open DateFriday, March 15, 2024
IPO Close DateTuesday, March 19, 2024
Basis of AllotmentWednesday, March 20, 2024
Initiation of RefundsThursday, March 21, 2024
Credit of Shares to DematThursday, March 21, 2024
Listing DateFriday, March 22, 2024
Cut-off time for UPI mandate confirmation5 PM on March 19, 2024

Ensor Communications IPO Listing

Ensor Communications IPO will be listed on NSE and SME. The listing of the IPO is scheduled for Friday, March 22, 2024. Along with this, Enfuse Solutions IPO will also be listed on March 22.

Ensor Communications IPO GMP

According to the report of Investor Gain, Ensor Communications IPO is not trading in the gray market today i.e. Ensor Communications IPO GMP is at zero rupees today. Accordingly, IPO can be listed at ₹70.

Company promoter

Enser Communications IPO
Enser Communications IPO

Mr. Harihar Subramaniam Iyer, Mr. Rajneesh Omprakash Sarna, Mrs. Gayatri Rajneesh Sarna and Mrs. Sindhu Sasidharan Nair are the promoters of the company.

Quick Track Finsec Private Limited The IPO’s book running lead manager is Ensor Communication, and its registrar is Skyline Financial Services Pvt Ltd. The market maker for Ensor Communications IPO is BN Rathi Securities.

About Enser Communications LTD

Enser Communications LTD was started in 2008. Ensor Communication Limited provides business process management services to companies in the insurance, e-commerce, education and travel sectors. The company is primarily engaged in the field of customer adjudication services, customer services, IT infrastructure management services and data management.

Disclaimer

The information provided on Today Bites does not constitute investment advice. Please speak with your financial advisor before making any stock market investments.

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