Enser Communications (NSE SME)

Mar 15, 2024 - Mar 19, 2024

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Enser Communications IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	47.4%	1096000
Other	47.4%	1096000
Market Maker	5.10%	118000
Total No. of Shares	100.0%	2310000

Enser Communications Limited, established in 2008, stands as a proficient provider of Business Process Management (BPM) services catering to diverse sectors including insurance, e-commerce, education, and travel. Operating through four primary business verticals encompassing customer acquisition, customer services, IT infrastructure management, and data management, Enser offers an extensive array of solutions ranging from business analytics to CRM systems and ERP implementation. With a clientele boasting prominent entities such as Acko General Insurance Limited and Ola Financial Services Pvt Ltd, Enser prides itself on its comprehensive suite of services tailored to meet the dynamic needs of modern businesses. Boasting a dedicated workforce of 780 full-time employees as of December 31, 2023, Enser remains committed to delivering innovative and reliable solutions, cementing its position as a trusted partner in the realm of business process management.

Company Financials

Period	30 Sep 2023	Mar 2023	Mar 2022	Mar 2021
Assets	1,799.26	1,383.92	870.42	662.41
Revenue	1,815.89	2,590.97	1,686.47	961.30
Profit	213.98	160.06	77.92	-11.74
Net Worth	653.24	394.78	234.71	156.78
Reserves	652.17	393.78	233.71	155.78
Borrowing	709.09	631.88	309.37	276.92
Amount in ₹ Lakhs

Strength Factors

Experienced Promoters and Dedicated Management Team: The company benefits from the leadership of seasoned promoters and a dedicated management team, bringing a wealth of industry knowledge, expertise, and strategic insight. Their collective experience enables effective decision-making, fostering stability and growth within the organization.

Synergy of Young and Experienced Management Team: Enser leverages a dynamic blend of youthful energy and seasoned wisdom within its management team. This synergy promotes innovation, adaptability, and forward-thinking strategies, driving the company's ability to stay abreast of industry trends and seize new opportunities while benefiting from the stability and wisdom of experienced leaders.

Customer-Centric Approach: Enser prioritizes customer satisfaction and retention by diligently identifying new customers and nurturing existing relationships. Through tailored solutions and proactive engagement, the company strives to meet and exceed customer expectations, fostering loyalty and long-term partnerships.

Stringent Quality Control Mechanism: Enser maintains a stringent quality control mechanism across its operations, ensuring standardized product quality and service delivery. This commitment to excellence instills confidence in clients, enhances brand reputation, and fosters trust among stakeholders, positioning Enser as a reliable provider of high-quality BPM services.

Risk Factors

Financial Dependency and Negative Cash Flows: Enser's reliance on external funding coupled with its history of negative cash flows across operating, investing, and financing activities presents a significant risk. Sustained negative cash flows could strain the company's liquidity position, hinder its ability to meet financial obligations, and impede its growth prospects.

Lack of Appraisal for Funding Requirements: The absence of appraisal by a bank or financial institution regarding the company's funding requirements and proposed deployment of net proceeds from offers introduces uncertainty. Without proper evaluation, there's a heightened risk of misallocation of funds, potential cost overruns, and delays in project implementation, adversely affecting the company's financial performance and operational efficiency.

First-Generation Entrepreneurship: Enser being led by first-generation entrepreneurs brings inherent risks associated with limited experience in navigating the complexities of running a business. The lack of a well-established network or prior industry knowledge may increase the company's susceptibility to strategic missteps, operational inefficiencies, and competitive pressures.

History of Net Losses and Anticipated Increased Expenses: The Company’s historical net losses and anticipation of heightened expenses in the future pose significant risks to its financial stability and viability. Continued losses could strain financial resources, hinder investment in growth initiatives, and erode investor confidence, potentially leading to a decline in the trading price of Enser's equity shares.

 

 

Enser Communications IPO Lead Manager(s)

• Fast Track Finsec Pvt Ltd

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php