Enser Communications is coming up with an IPO worth INR 16.17 crores, consisting of a fresh issue of 23.10 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement, invest in IT infrastructure, and meet the general corporate expenses.
Enser Communications Ltd IPO – Important Dates
| Enser Communications IPO Date | March 15, 2024 to March 19, 2024 |
| Enser Communications IPO Listing Date | March 22, 2024 |
| Enser Communications IPO Price | INR 70 per share |
| Enser Communications IPO Lot Size | 2000 Shares |
| Enser Communications IPO Total Issue Size | INR 16.17 crores |
| Enser Communications IPO Basis of Allotment | March 20, 2024 |
| Enser Communications IPO Initiation of Refunds | March 21, 2024 |
| Enser Communications IPO Credit of Shares to Demat | March 21, 2024 |
| Enser Communications IPO Issue Type | Fixed Price Issue |
| Enser Communications IPO Listing At | NSE SME |
Enser Communications IPO – Company Profile
Enser Communications was established and commenced its business in May 2008, Enser is in the business of the “Business Process Management Platform”. Enser’s BPM technology-enabled platform integrates with voice, chat, email, IVRS, and other social media engagements for customer acquisition as well as customer service strategies, specializing in Client Interaction Management.
The company is a NASSCOM certified member and has obtained certifications such as ISO/IEC 27001:2013 and ISO 9001:2015. In the year 2022, the company was awarded the Incredible BPO Brand of the Year at the IBI awards platform. The company has also empaneled with the National Health Authority a Government of India Entity in February 2022 and the State Health Authority, Gujrat, in December 2023.
Enser Communications Limited IPO – Fundamental Analysis
Enser Communications’ IPO showcases significant revenue and profit growth, alongside improved liquidity and asset management. However, discrepancies in RoNW and EPS data necessitate clarification, presenting a potentially promising investment after resolving these concerns and assessing the market position.
Revenue Growth:
Enser Communications has seen a significant revenue increase from ₹1,660.14 lakhs in FY2022 to ₹2,540.82 lakhs in FY2023, though it slightly declined to ₹1,808.51 lakhs by September 2023. This trend suggests an expanding market presence with fluctuating sales.
Equity Growth:
Equity has nearly tripled, from ₹234.71 lakhs in FY2022 to ₹653.24 lakhs by September 2023, indicating strong investor confidence and potentially successful capital infusion efforts.
Profitability:
Profit after tax has shown impressive growth, nearly tripling from FY2022 to September 2023. However, the RoNW percentages seem very low, which might be incorrectly reported or calculated, as they don’t align with the significant profit and equity increases.
Diluted EPS:
There seems to be a significant error in the reported EPS values (e.g., 779.39), suggesting a possible misunderstanding or typographical error, as these numbers are unusually high for an EPS metric.
NAV per Equity Share:
The NAV has steadily increased, reflecting a growth in the intrinsic value of the company’s shares, beneficial for investors assessing the IPO’s value.
Asset and Liability Management:
Total assets have more than doubled, indicating business expansion and investment in operational capacity. The debt-equity ratio has fluctuated, showing varied leverage levels but improved to 1.09 by September 2023, suggesting better financial health.
Current Ratio:
The improvement in the current ratio to 1.55 by September 2023 indicates enhanced liquidity and the company’s ability to meet short-term obligations.
Enser Communications IPO Financial Information
| Particular | As of 31st March 2022 | As of 31st March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 1,660.14 | 2,540.82 | 1,808.51 |
| Equity (₹ in lakhs) | 234.71 | 394.78 | 653.24 |
| Expenses (₹ in lakhs) | 1,551.48 | 2,370.73 | 1,533.22 |
| Profit and Loss After Tax (₹ in lakhs) | 77.92 | 160.06 | 213.98 |
| RoNW (%) | 0.33 | 0.41 | 0.33 |
| Diluted EPS only (₹) | 779.39 | 1,600.58 | 2,135.17 |
| NAV per Equity Share (₹) | 3.91 | 6.57 | 10.84 |
| Total Assets (in lakhs) | 870.42 | 1,383.92 | 1,799.26 |
| Total Liabilities (in lakhs) | 635.71 | 989.14 | 1,146.02 |
| Current Ratio (In times) | 0.92 | 1.46 | 1.55 |
| Debt Equity Ratio (In times) | 1.32 | 1.60 | 1.09 |
Enser Communications Limited IPO Peer Comparison
Enser Communications Limited, with a RoNW of 0.40% and a PE ratio of 26.32, demonstrates a higher return on net worth and a more attractive valuation compared to peers, despite lower profits, highlighting its efficiency and potential growth in its sector.
| Company | Profit after tax (₹ in lakhs) | Face Value (₹) | EPS (₹) | RoNW (%) | PE Ratio | NAV per Equity Share (Basic) (₹) |
| Enser Communications Limited | 160.06 | 10 | 2.66 | 0.40 | 26.32 | 6.57 |
| One Point One Solutions Ltd. | 876.00 | 2 | 0.47 | 0.16 | 108.08 | 2.78 |
| Hinduja global solutions Ltd. | 24,155.00 | 10 | 62.84 | 0.05 | 16.09 | 839.16 |
| eClerx Services Ltd. | 37,840.20 | 10 | 76.45 | 0.32 | 33.81 | 241.25 |
Enser Communications IPO Objective
The main objective of Enser Communication’s IPO is to establish a new service unit in Haryana, allocating up to INR 7.25 crore for equipment, IT, furniture, and lease security. Additionally, INR 4.37 crores will address working capital needs.
- To set up a new service unit: The company proposes to utilize up to INR 7.25 crore from the net proceeds towards procurement of the equipment, IT Equipment, Furniture, and deposit of security amount for the long-term lease for the new service unit in Haryana.
- To meet the working capital requirement: The company plans to utilise INR 4.37 crores to meet the working capital requirements of the company.
Enser Communications Ltd IPO Risks And Challenges
Enser Communications faces risks from technological obsolescence, requiring substantial investments. The decline in demand for Business Process Management and Customer Interaction Management Services poses operational threats. Persistent negative cash flows could impede growth.
- Changes in technology may render the current technologies obsolete or require the company to make substantial capital investments. Any failure to effectively address such situations, innovate, and keep up with technological advancements, could adversely affect the business, results of operations, financial condition, and cash flows.
- The company derives a significant amount of revenue from providing Business Process Management and Customer Interaction Management Services. Any fall in demand for these services may adversely affect the business operations.
- The company has negative cash flows from its operating activities, investing activities as well as financing activities in the current and past years. Sustained negative cash flow could impact the growth and business.
Enser Communications Limited IPO – Industry & Market Potential
The Indian Information Technology/ Software industry is a global powerhouse today, and its impact on India has been incomparable. It has contributed immensely to positioning the country as a preferred investment destination amongst global investors and creating huge job opportunities in India, as well as in the USA, Europe, and other parts of the world.
In the last decade, the industry has grown many folds in revenue terms, and its relative share to India’s GDP is around 7.5 percent in FY2022-23. India is the topmost off-shoring destination for IT companies across the world. Having proven its capabilities in delivering both on-shore and off-shore services to global clients, emerging technologies now offer an entire new gamut of opportunities for top IT firms in India. Indian IT/Software industry offers cost-effectiveness, great quality, high reliability, speedy deliveries, and, above all, the use of state-of-the-art technologies globally.
Additionally, the Business Process Management (BPM) Industry has undergone successful evolution in the last 20 years to satisfy changing business requirements and has demonstrated continuously increased global adoption over the years. Indian BPM market has witnessed remarkable growth in recent years, becoming one of the world’s largest outsourcing destinations. According to NASSCOM, the Indian BPM sector’s revenue is estimated to reach USD 47.4 billion in FY 2022-23, showcasing a significant expansion.
Enser Communications Ltd IPO- Type of Offer
Enser Communications is preparing to launch an IPO valued at INR 16.17 crores, comprising 23.10 lakh new shares. The company intends to allocate the proceeds to fulfill working capital needs, invest in IT infrastructure, and cover general corporate expenses.
Enser Communications IPO Offer Size
The offer size of Enser Communications Limited’s IPO is INR 16.17 crores.The company intends to allocate the proceeds to fulfill working capital needs, invest in IT infrastructure, and cover general corporate expenses.
Enser Communications Ltd IPO Allotment Structure
Enser Communications Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications with value exceeds INR 2 lakhs.
- Market Maker Reservation: 1,18,000 shares or 5.11% of the total issue is reserved for market makers.
How to apply for a Enser Communications Ltd IPO?
To apply for the Enser Communications IPO through Alice Blue, you would typically follow these steps:
- Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Enser Communications IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Enser Communications IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares. Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to check Enser Communications IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Enser Communications IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Enser Communications IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance. Apart from Alice Blue, there are other ways to check the allotment status of the Enser Communications IPO:
- Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Enser Communications IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Enser Communications Limited IPO Offer Registrar
The Enser Communications IPO’s registrar is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Skyline Financial Services Private Limited
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Email: [email protected]
Website: www.skylinerta.com
Enser Communications IPO – FAQs
1. What is the allotment date of the Enser Communications IPO?
The allotment date of the Enser Communications IPO is March 20, 2024.
2. What is the price band of Enser Communications IPO?
The price band of the company is INR 70 per share.
3. What is the size of the Enser Communications IPO?
Enser Communications is coming up with an IPO worth INR 16.17 crores, consisting of a fresh issue of 23.10 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement, invest in IT infrastructure, and meet the general corporate expenses.
4. What is the listing date of the Enser Communications IPO?
The listing date of the Enser Communications IPO is March 22, 2024.
