Enser Communications Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Enser

CMP

131.55

-4.95 (-3.63%)

  • DRHP
₹70

Offer Price

₹ 16.17 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 15
    Mar 2024
    Open
  • 19
    Mar 2024
    Close
  • 20
    Mar 2024
    Finalisation of Basis of Allotment
  • 21
    Mar 2024
    Initiation of Refunds
  • 21
    Mar 2024
    Transfer of Shares to Demat Account
  • 22
    Mar 2024
    Listing Date

Objects of the Offer

  • Nurturing and Expanding Client Relationships.

  • Investing in creativity, People and Operational Excellence.

  • Strategic Geographic Expansion.

  • New areas of Focus for technology.

  • Expansion plans.

Products & Services

  • Enser Communications is in the business of the "Business Process Management Platform".

Strengths

  • Experienced Promoters supported by dedicated Management team.

  • Synergy of young and experienced management team with a committed employee base.

  • Identifying new customers and increasing business with existing customer`s.

  • Stringent quality control mechanism ensuring standardized product quality.

Risks

  • Its funding requirements and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution and if there are any delays in the schedule of implementation or cost overruns, its business, cash flows, financial condition and results of operations may be adversely affected.

  • The company has not entered into any formal contracts or exclusive arrangement with its suppliers from whom the company procure equipment`s, plant and machinery. In the event, the company is unable to procure such items at terms favourable to it, or at all, its business, financial condition and results of operations may be adversely affected.

  • The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of its business. Some of the approvals are required to be transferred in the name of Enser Communications Limited from Enser Communications Private Limited pursuant to name change of the company and any failure or delay in obtaining the same in a timely manner may adversely affect its operations.

  • If the company is unable to renew its existing leases or secure new leases for the company existing or premises, or offices on commercially acceptable terms, or if the company fails to comply with the terms and conditions of its leases resulting in termination of its leases, it could have a material adverse effect on the company`s business, financial condition and results of operations.

  • Its present promoters of the Company are first generation entrepreneurs.

Company Promoters

Promoters Holding

Issue For IPO
23.89%
Pre Holding

90.12%

Post Holding

66.23%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 16.60 (79.70%) 25.41 (53.10%) 0.40 (-)
Gross Profit 16.60 (79.70%) 25.41 (53.10%) 0.40 (-)
Net Income 16.60 (79.70%) 25.41 (53.10%) 0.40 (-)
Assets 16.60 (79.70%) 25.41 (53.10%) 0.40 (-)
Liabilities 16.60 (79.70%) 25.41 (53.10%) 0.40 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Enser Communications Ltd 25.41 1.60 10.41 6.46 0.40 0.00 3,947.80 2.64 0.61
One Point One Solutions Ltd 140.25 8.79 136.01 136.01 15.92 0.47 2.94 6.46 0.33
Hinduja Global Solutions Ltd 4,505.16 332.05 11,364.38 11,364.38 3.88 63.66 1,656.95 2.92 0.04
eClerx Services Ltd 2,647.90 488.82 2,287.74 2,287.74 28.50 98.76 357.36 21.36 0.00

Book Running Managers

  • Fast Track Finsec Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

5th Flr 501-506 Arihant Aura-,
Turbhe Sanpada Thane,
Navi Mumbai - 400703
Phone : 0124-425 8077 Email : solutions@enser.co.in www.enser.co.in

Offer Related Information

Initial public offer of 23,10,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Enser Communications Limited ("Issuer" or the "Company") for cash at a price of Rs. 70/- per equity share ("Issue Price") (including a share premium of Rs. 60/- per equity share), aggregating to Rs. 16.17 crores ("The Issue"), out of which, 1,18,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share aggregating to Rs. 0.83 crores will be reserved for... More

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