Enser Communications Limited IPO GMP

Enser Communications is preparing for its initial public offering (IPO), seeking to raise Rs 16.17 crores through the issuance of 23.1 lakh new shares. The IPO subscription window commenced on March 15, 2024, and is slated to conclude on March 19, 2024. Allotment results are expected by March 20, 2024, with Enser Communications scheduled to debut on the NSE SME on March 22, 2024.

Priced at ₹70 per share, the Enser Communications IPO mandates a minimum application of 2000 shares. Retail investors are required to invest a minimum of ₹140,000, while High Net Worth Individuals (HNIs) must commit at least ₹280,000. Retail investors are limited to a maximum application of 2 lots.

The Book Running Lead Manager of the IPO are Fast Track Finsec Pvt Ltd, with Skyline Financial Services Private Ltd managing the registration process. B.N. Rathi Securities has been designated as the market maker for the Enser Communications IPO, contributing to the smooth facilitation of the offering.