Enser Communications IPO: Enser Communications IPO will open for subscription tomorrow i.e. on March 15 and will close 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. Enser Communications company wants to raise Rs 16.17 crore through IPO and the company will issue 23.1 lakh shares.
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Fresh Issue | 2,310,000 shares (aggregating up to ₹16.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre-issue | 6,406,059 |
| Shareholding post issue | 8,716,059 |
| Market Maker portion | 118,000 shares |
The IPO price of Enser Communications
The Ensor Communication’s initial public offering (IPO) price range is set at Rs 70 per share. An example of an SME IPO is Enser Communications. In addition, tomorrow will see the opening of the KP Green Engineering IPO, another SME IPO.
Lot Size for Enser Communications’ IPO
2000 shares make up the Ensor Communication IPO lot size. Additionally, investors can place multiple bids. For the IPO, retail investors must contribute a minimum of Rs 140,000. On the other hand, HNIs must invest a minimum of two lots totaling Rs 280 thousand.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Allotment of Enser Communications’ IPO
On Wednesday, March 20, 2024, the allocation for the Ensor Communication IPO is anticipated to be completed. We would like to inform you that the APV Infracon IPO will close tomorrow, March 15, if you would like to invest in an IPO.
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| The credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
Listing of Enser Communications’ IPO
NSE and SME will list Ensor Communications’ initial public offering. The IPO is expected to list on Friday, March 22, 2024. On March 22, Enfuse Solutions IPO will also be listed in addition to this.
GMP for Enser Communications’ IPO
The Enser Communications IPO GMP is currently at zero rupees, meaning that the company is not trading in the grey market, according to the Investor Gain report. Consequently, ₹70 can be listed for the IPO.
The company’s promoters are Mrs. Sindhu Sasidharan Nair, Mr. Harihar Subramaniam Iyer, Mr. Rajneesh Omprakash Sarna, and Mrs. Gayatri Rajneesh Sarna.
Quick Track Finsec Private Limited The IPO’s book-running lead manager is Ensor Communications, and its registrar is Skyline Financial Services Pvt Ltd. BN Rathi Securities is acting as the market maker for the IPO of Ensor Communications.
Concerning Enser Communications LTD
In 2008, Enser Communications LTD was founded. Ensor Communication Limited serves businesses in the insurance, e-commerce, education, and travel industries with business process management services. The company’s main business areas are data management, IT infrastructure management services, customer adjudication services, and customer services.
Disclaimer
The information given on open2exit does not constitute any investment advice. Before investing in the share market, consult your financial advisor. We hope that you have got proper information about Enser Communications IPO. You can also share this with your friends.