ENS Enterprises IPO
ENS Enterprises IPO is an SME IPO raising ₹33 Cr at ₹87 – ₹92 a share. It listed on 21 Aug 2026 at ₹96, +4.3% against its issue price of ₹92, and trades at ₹102 today (+10.8% since issue). It was subscribed 12× in total.
12.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs92 + OFS by subtraction from exchange total Rs33 Cr. Checked: exchange issue size Rs33 Cr vs derived Rs33.1 Cr (0.3% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 55% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| ASM Technologies Limited | 92.27× | 24.49% | ₹53.77 |
| Infobeans Technologies Limited | 24.31× | 19.66% | ₹6.9 |
| Silver Touch Technologies Limited | 12.99× | 22.47% | ₹14.89 |
| This issue | 11× | 58.97% | ₹8.4 |
derived: cut-off price Rs92 / stated EPS Rs8.4 (FY26 (year ended March 31, 2026) Basic & Diluted EPS, as per Restated Financial Statements). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.