ListedSMEENSER

Enser Communications Limited

Enser Communications Limited is a sme IPO raising ₹16 Cr at a fixed price of ₹70 a share. It listed on 22 Mar 2024. We do not have a current price for it yet. It was subscribed 0.00× in total.

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₹70

Issue price

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Price now

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Since issue price

22 Mar 2024

Listed on

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹70

Cut-off price₹70

Issue size₹16 Cr

Shares per lot2000

Minimum application₹1,40,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE0R9I01013

Bidding hours10:00 – 17:00 IST

Bidding window15 Mar 2024 – 19 Mar 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

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Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.