Enser Communications debuts with 3% premium over IPO price

The IPO, which was completely a fresh equity issue of 23.1 lakh shares, received decent response from investors with a subscription of over 5 times at close.

The net proceeds from the public offer will be used for setting up of a new service unit, working capital requirements, issue expenses and general corporate purposes.

Enser Communications is in the business of the business process management platform. Enser’s BPM technology enabled platform integrates with voice, chat, email, IVRS, and other social media engagements for customer acquisition as well as customer service strategies, specializing in client interaction management.

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Business process management is the act of outsourcing some aspect of business operations to a third-party vendor or service provider.

A BPM center is a team of outsourced agents who handle incoming and outgoing customer calls for other businesses coupled with varied experience on data management, data security and value add to the business, also providing MIS and other tools to assist in bringing about better productivity to clients business

In the last decade, the India IT industry has grown many folds in revenue terms, and relative share to India’s GDP is around 7.5% in FY23. India is the topmost off-shoring destination for IT companies across the world, having proven its capabilities in delivering both on-shore and off-shore services to global clients.

For the period ended September 2023, the company clocked revenues of Rs 18.15 crore and net profit of Rs 2.13 crore.

Fast Track Finsec acted as the lead manager to the issue and Skyline Financial Services was the registrar.

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