Enser Communications IPO: Issue subscribed 3.23x on day 2, retail category fully booked; check GMP and other details
Rekha Jhunjhunwala-backed Baazar Style Retail files DRHP with SEBI to raise funds via IPO The Enser Communications IPO was subscribed over 3.23 times on the second day of bidding. The SME IPO received 74,60,000 shares against offered 23,10,000 shares. On the second day of subscription, the retail portion received 58,54,000 share applications, meanwhile, QIB category remained unsubscribed.
On the other hand, NII category obtained 16,06,000 share applications. The SME public issue will close for subscription on March 19, 2024. It is a fixed price offering totaling ₹16.17 crores and comprises a fresh issue of 23.1 lakh shares.
The price band of the SME IPO has been fixed at ₹70 per share. The Enser Communications IPO presents a fixed price issue totaling ₹16.17 crores, exclusively comprising 23.1 lakh fresh shares. Interested investors have the option to bid for a minimum of 2000 shares, with subsequent bids to be made in multiples of this figure.
For retail investors, the minimum investment requirement stands at ₹140,000. Fast Track Finsec Pvt Ltd serves as the book running lead manager for the Enser Communications IPO, with Skyline Financial Services Private Ltd appointed as the registrar for the issue. B.N.
Rathi Securities is designated as the market maker for the Enser Communications IPO. Also read: Popular Vehicles and Services IPO to debut on the bourses tomorrow; here's what GMP indicates ahead of listing The Enser Communications IPO is anticipated to finalise its allotment process by Wednesday, March 20, 2024. Subsequently, it is scheduled to be listed on the NSE SME, with the tentative listing date set for Friday, March 22, 2024.
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