Enser Communications Ltd - IPO

Enser Communications Ltd IPO Details

Initial public offer of 23,10,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Enser Communications Limited (Issuer or the Company) for cash at a price of Rs. 70/- per equity share (Issue Price) (including a share premium of Rs. 60/- per equity share), aggregating to Rs. 16.17 crores (The Issue), out of which, 1,18,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share aggregating to Rs. 0.83 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 21,92,000 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 70 per equity share aggregating to Rs. 15.34 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.15%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 70/- is 7 times of the face value.

Objective of issue

Setting up of new service unit. Working capital requirement. General corporate purposes.

Enser Communications Ltd Contact Details

Enser Communications Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - solutions@enser.co.in

Website - www.enser.co.in