Enser Communications lists at 2.9% premium to IPO cost on NSE Emerge

Digital advertising company Enser Communications Ltd made a warm launching on NSE Arise on March 22, detailing at Rs 72, or at a 2.9 percent premium over its problem price of Rs 70 per share. The firm’s going public (IPO) was subscribed 6.96 X at close.

The Mumbai-based firm’s IPO was subscribed 10.92 x in the retail category and 3.38 x in the non-institutional financier (NII) category. Qualified Institutional Purchasers (QIB), nevertheless, did not register for the issue.

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The Enser Communications IPO was a set price problem of Rs 16.17 crore. It was entirely a fresh problem of 23.1 lakh shares. The internet profits of the issue will be spent on IT facilities, functioning resources requirements, general business functions, and issue-related expenditures.
Enser Communications IPO bidding started on March 15 and ended on March 19. The part for Enser Communications IPO was finalised on March 20.

The minimum great deal dimension for an application was 2,000 shares. The minimum amount of financial investment called for by retail capitalists was Rs 140,000 and the minimal lot size investment for high net-worth individuals was 2 lots or 4,000 shares amounting to Rs 280,000.

Fast Track Finsec Pvt Ltd was the book-running lead supervisor of the Enser Communications IPO, while Skyline Financial Services Private Ltd was the registrar for the concern. The market maker for Enser Communications IPO was BN Rathi Stocks.

Enser Interaction’s internet revenue went to Rs 160.06 lakhs for the fiscal year ended March FY23, up from Rs 77.92 lakhs in the year-ago duration. The overall revenue of the business expanded to Rs 2,590.97 lakhs, from Rs 1,686.47 lakhs a year earlier.

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