Enser Communications IPO: Check issue size, price band, GMP and other details

economictimes.indiatimes.com:

Enser Communications opened for subscription today and will close on March 19. The company aims to raise about Rs 16.2 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) About Enser Communications

Enser Communications 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.

2) Industry overview

In the last decade, the India IT industry has grown many folds in revenue terms, and relative share to India’s GDP is around 7.5% in FY23. 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.

3) Enser Communications IPO size

The IPO is entirely a fresh equity issue of 23.1 lakh shares and through the issue, the company aims to raise Rs 16.2 crore.
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4) Enser Communications IPO price band

The company is offering its shares at Rs 70 apiece, and investors can bid for 2,000 shares in 1 lot.

5) Enser Communications IPO financial performance

For the period ended September 2023, the company clocked revenues of Rs 18.15 crore and net profit of Rs 2.13 crore.

6) Objects of