Enser Communications Ltd. made a modest debut on NSE Emerge on March 22, opening at Rs 72, a 2.9% premium over its Rs 70 per share issue price. This shows a lukewarm initial market reception.
The Indian Information Technology/Software sector has become a global powerhouse, significantly impacting India’s economy by attracting investment and generating employment. With a 7.5% GDP share in FY2022-23, it leads in offshoring services and explores new opportunities through emerging technologies. As per NASSCOM, the Business Process Management (BPM) Industry has also seen substantial growth, with an estimated revenue of USD 47.4 billion in FY 2022-23.
Enser Communication’s IPO aims to set up a new service unit in Haryana. INR 7.25 crore will be allocated for equipment, IT, furniture, and lease security, and INR 4.37 crore will be allocated to address working capital needs.