| IPO date | 15 Mar 2024 – 19 Mar 2024 |
| Listing date | 22 Mar 2024 |
| Price range | 70 – 70 |
| Minimum order quantity | 2000 | (D)RHP | View |
Enser Communications Limited is launching its IPO. The IPO opens for subscription on 15th March 2024 and will close on 19th March 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Enser Communications Limited do?
Established in 2008, Enser Communications Limited provides Business Process Management (BPM) services across various sectors including insurance, e-commerce, education, and travel. The company’s core offerings include Customer Acquisition Services, Customer Services, IT Infrastructure Management Services, and Data Management Services.
They provide various solutions within these domains, including business analytics, CRM, IVRS, technology-enabled infrastructure development, process re-engineering, ERP implementation, web chat services, debt collection, sales and lead generation, customer support, BPO/BPM, and more. Serving clients including Acko General Insurance, Ola Financials, Metis Eduventures, National Health Authority, Reliance Nippon Life Insurance, and others, the company employs 780 people full-time.
Schedule/Timeline of Enser Communications Limited IPO
| Issue Period | 15th March to 19th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 20, 2024 |
| Initiation of Refunds | March 21, 2024 |
| Credit of Shares | March 21, 2024 |
| Date of Listing | March 22, 2024 |
| Mandate end date | April 03, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 20, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 20, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Enser Communications Limited IPO?
You can apply for the Enser Communications Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Enser Communications Limited IPO?
You can check the allotment status for the Enser Communications Limited IPO on the website of the Registrar and Transfer agent.