Enser Communications IPO Review

This IPO review highlights key aspects for potential investors. Operating in a competitive tech environment, the company showcases adaptability and innovation. Notably, it has achieved remarkable growth, with EPS doubling and revenue rising substantially. Despite weathering losses during the FY21 COVID-19 crisis, it bounced back with profitable FY22 and FY23 performances. Financially, it appears robust, boasting a strong ROCE and minimal borrowing, indicating efficient operations. However, the IPO's issue price of ₹70 per share suggests it may be fully priced, potentially limiting immediate gains. Moreover, liquidity concerns surrounding NSE SME listings warrant attention. While cash-surplus investors with high risk tolerance may consider long-term investment, others may find the margin of safety insufficient. Overall, this IPO presents an opportunity for those seeking exposure to a promising but competitive tech sector, provided they assess the risks and align with their investment goals.