ENS Enterprises
ENS Enterprises Limited is a technology and e-commerce solutions provider specializing in UI/UX design, web and mobile app development, and digital marketing. The company operates in the IT services sector, offering specialized ONDC integration and proprietary SaaS products for corporations and SMEs.
Price Band
₹87 - ₹92
Lot Size
2400 Shares
Issue Size
₹33.14 Cr
Fresh Issue
₹33.14 Cr
OFS
N/A
Registrar
AI Sentiment Score
Listing Price
Listed Aug 21
Est. Listing: ₹97 (+5.4%)
📅 IPO Timeline
✓
Open
Aug 14
✓
Close
Aug 18
✓
Allotment
Aug 19
✓
Refund
Aug 20
✓
Demat
Aug 20
✓
Listing
Aug 21
✨ AI Analysis & Prediction
+5.5%
predicted listing gain
The baseline GMP is adjusted upward due to a significant scarcity squeeze from a very small float (₹33.14 Cr) and exceptional financial quality with ROE at 98.97%. Strong QIB and NII demand further supports a listing pop, while the 100% fresh issue structure eliminates OFS penalties.
💪 Strengths
- Exceptional profitability with ROE of 98.97%
- Strong revenue growth trajectory over three years
- 100% Fresh Issue structure with no promoter offloading
⚠️ Weaknesses
- Small issue size may lead to high volatility post-listing
- Lack of historical debt-equity and EBITDA transparency in provided data
🚀 Opportunities
- Expansion in ONDC integration and AI-driven solutions
- Diversification into more international markets
🛡️ Threats
- Intense competition in the global IT and e-commerce solutions space
- Dependence on skilled manpower hiring for product maintenance
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Investment related to enhancement, maintenance and upgrading of existing products through manpower hiring | ₹17.02 |
| Investment in upgradation of IT Infrastructure | ₹6.75 |
| Repayment of Borrowings | ₹1.20 |
| General Corporate Purposes | ₹8.17 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 10.11 Cr | Rs 28.33 Cr | Rs 51.37 Cr |
| Net Profit / PAT (₹ Cr) | Rs 0.90 Cr | Rs 3.70 Cr | Rs 8.40 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 1.39 Cr | Rs 5.49 Cr | Rs 11.70 Cr |
| Borrowings (₹ Cr) | Rs 0.00 Cr | Rs 0.00 Cr | NA |
| Total Assets (₹ Cr) | Rs 3.67 Cr | Rs 20.90 Cr | NA |
| ROCE % | 85.52% | 89.45% | NA |
📋 Live Subscription Status
QIB
9.44x
NII
22.89x
Retail
11.01x
Total
13.11x
Updated: Aug 22, 2026 8:11 AM
💼 Reservation Quota
QIB
50.00%
Retail
33.24%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in January 2016, ENS Enterprises Limited has evolved into a comprehensive technology solutions provider. Over the years, the company has scaled its operations to help modern businesses grow through intelligent digital and AI-driven solutions, transitioning from basic web services to complex custom software development.
The company's core business model revolves around a diverse service portfolio, including UI/UX design, e-commerce development, Cloud Hosting, DevOps, and the creation of proprietary Apps and Plugins. A key competitive edge is their ONDC (Open Network for Digital Commerce) integration, which positions them at the forefront of India's evolving digital commerce landscape.
Operating on a global scale, ENS Enterprises serves a diverse client base across multiple geographies, including the United States, Japan, Singapore, the UK, and Canada. This international footprint allows the firm to leverage global standards in software delivery and digital transformation.
In terms of operational scale, the company employs over 140 professionals who execute its technical delivery. This human capital is the primary engine driving their ability to provide custom software and support and maintenance services for both government initiatives and private corporations.
The company is led by its promoters, Manish Kumar Srivastava, Avinash Kumar Singh, and Anupam Kumar Srivastava, who have guided the firm from its inception in 2016 to its current status as a leading technology solutions provider.
ENS Enterprises is launching a Book Built Issue to raise approximately ₹33.14 Crores, consisting entirely of a fresh issue of equity shares. The IPO is priced with a band of ₹87 to ₹92 per share, with a minimum retail lot size of 2,400 shares requiring an investment of ₹2,20,800. The issue opens on August 14, 2026, and closes on August 18, 2026, with listing scheduled for August 21, 2026, on the BSE SME platform.
The proceeds from the fresh issue are earmarked for strategic growth, with ₹17.02 Crores dedicated to manpower hiring for product enhancement and maintenance, ₹6.75 Crores for upgrading IT infrastructure, and ₹1.20 Crores for the repayment of borrowings.
Financial performance demonstrates an aggressive growth trajectory. Revenue jumped from ₹10.12 Crores in FY24 to ₹28.62 Crores in FY25, and further surged to ₹51.77 Crores in FY26. Net Profit (PAT) followed a similar steep incline, growing from ₹0.9 Crores in FY24 to ₹8.40 Crores in FY26, indicating strong scalability.
From a valuation perspective, the company exhibits exceptional efficiency with an ROE of 98.97% and ROCE of 78.41%. While a specific P/E ratio is not provided in the raw data, the comparison with peers like ASM Technologies and Infobeans suggests the company is operating in a high-growth segment with significant margin potential.
Investment strengths include the 100% fresh issue structure, which signals promoter confidence and provides capital for expansion, and the company's exposure to high-growth areas like AI and ONDC. However, investors should note the risks associated with the SME platform's lower liquidity and the inherent volatility of the IT services sector.
Overall, the issue presents a growth-oriented profile. While the financial growth is impressive, prospective investors should weigh the aggressive valuation against the company's ability to sustain its current growth rate in a competitive global technology market.