Enser Communications Lists at 3% Premium at Rs 72 per share on NSE

Enser Communications Limited engaged in Business Process Management (BPM) services catering to industries such as insurance, e-commerce, education, and travel, debuted on the Indian stock market today.

The stock of Enser Communications opened at Rs 72 per share on the NSE, indicating a 2.86% premium over the final issue price of Rs 70 per share. The market capitalization on the NSE stands at Rs 62.76 crore.

IPO Proceeds

The company aims to use the Net Proceeds from the Fresh Issue for Investing in Infrastructure, Meeting working capital needs, and for General corporate purposes.

Business Overview

Incorporated in 2008, Enser Communications Limited specializes in Business Process Management (BPM) services catering to industries such as insurance, e-commerce, education, and travel. The company operates across four primary business verticals: customer acquisition services, customer services, IT infrastructure management services, and data management services.

Subscription details

On March 19, 2024, the final day of the IPO window, the IPO witnessed an impressive response, with a subscription rate of 7.29 times. The public issue received remarkable interest, with the retail category being subscribed 10.92 times, while the NII category reached a subscription rate of 3.64 times.

The IPO price was fixed at Rs 70, with a face value of Rs 10 per share and a lot size of 2000 shares. The total size of the company’s IPO was Rs 16.17 crore, and the final share issue price was fixed at Rs 70 each.

Conclusion

The crucial question that arises in everyone’s mind is whether to hold onto the shares or book profits. Investors who applied for listing gains only have already earned 3% on the listing day itself and can choose to book the profit it has generated. On the other hand, investors with a higher risk appetite may opt to hold the shares for the medium to long term, which could prove to be beneficial.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.