ENS Enterprises IPO GMP today is Rs 4. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
ENS
ENS Enterprises IPO GMP, Subscription & Allotment Status Today
ENS Enterprises Limited is a technology company providing end-to-end digital commerce enablement and software solutions. Headquartered in Uttar Pradesh, India, the company operates across e-commerce, digital engineering, and cloud technologies. Its core service offerings include custom e-commerce platform development, mobile application development, custom software solutions, cloud hosting and DevOps, digital marketing, ongoing maintenance, and ONDC protocol integration, where it serves as an empanelled Technology Service Provider. ENS Enterprises also develops proprietary software-as-a-service products. The company operates a hybrid revenue model combining one-time project fees for large digital implementations, recurring retainers for managed services and hosting, and subscription-based income from SaaS applications. Serving B2B clients, enterprise brands, SMEs, and public sector initiatives, ENS Enterprises delivers solutions across more than twelve countries, including India, the United States, Japan, Singapore, the United Kingdom, and Canada.
- Price Band
- ₹87.00 - ₹92.00
- Lot Size
- 1,200 Shares
- Bidding Closes
- 18 Aug 2026
- Listing Date
- 21 Aug 2026
Current GMP Status
₹4
+4.35% vs upper band
Est. Listing Gain
+4.35%
Last Trend
TBA
Listing Price
₹96.00
Retail Entry
₹2,20,800
IPO Details
Complete IPO information
| Current GMP | ₹4 |
|---|---|
| Estimated Listing Gain | +4.35% |
| Price Band | ₹87.00 - ₹92.00 |
| Issue Price | Approx ₹92.00 Crores |
| Listing Price | ₹96.00 |
| Lot Size | 1,200 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | BSE SME |
| Retail Quota | TBA |
| Overall Subscription | 12.27x |
| Listing Date | 21 Aug 2026 |
| Minimum Investment | ₹2,20,800 |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 6.84 | 64.54 | 9.44x |
| NII | 6.95 | 119.38 | 17.18x |
| Retail | 11.98 | 132.14 | 11.03x |
| Overall Subscription | 25.76 | 316.07 | 12.27x |
Head-to-head
Compare ENS Enterprises IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, ENS Enterprises is priced at ₹92 per share. With a minimum lot size of 1,200 shares, a retail investor applying for one lot would need approximately ₹2,20,800 to participate in this SME issue.
The latest recorded Grey Market Premium for ENS Enterprises stands at ₹4, implying an estimated listing gain of around 4.35% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, ENS Enterprises's IPO was subscribed 12.27x overall, with a category-wise breakdown of Retail 11.03x, QIB 9.44x, NII 17.18x.
Among the strengths highlighted in ENS Enterprises's IPO documents: Certified Technology Service Provider for the Open Network for Digital Commerce (ONDC) initiative.; Proven track record in custom digital commerce, mobile app development, and enterprise IT integrations..
Investors should also weigh the risk factors ENS Enterprises has disclosed, including: High customer concentration, with the top 10 clients generating 67.30% of revenue as of September 30, 2025..
A share of ENS Enterprises's issue proceeds is earmarked for Repayment Of Borrowings: 1.2 (3.62%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
14 Aug 2026
✓
Bidding Closes
18 Aug 2026
✓
Allotment
19 Aug 2026
✓
Listing
21 Aug 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,400 | ₹2,20,800 |
| Retail Maximum | 2 Lot | 2,400 | ₹2,20,800 |
| S-HNI Minimum | 3 Lot | 3,600 | ₹3,31,200 |
| S-HNI Maximum | 9 Lot | 10,800 | ₹9,93,600 |
| B-HNI Minimum | 10 Lot | 12,000 | ₹11,04,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 1.2 (3.62%)
- General Corporate Purpose 8.17 (24.65%)
Issue Notes
Important takeaways before applying
Strengths
- Certified Technology Service Provider for the Open Network for Digital Commerce (ONDC) initiative.
- Proven track record in custom digital commerce, mobile app development, and enterprise IT integrations.
- Diversified global presence serving B2B clients and enterprises across more than 12 countries.
- Hybrid revenue model combining one-time project fees, recurring retainers, and SaaS subscriptions.
- Experienced promoter-led management team with deep domain expertise in information technology.
Risks
- High customer concentration, with the top 10 clients generating 67.30% of revenue as of September 30, 2025.
- Past instances of delayed statutory filings with the RoC and delayed payments of EPF, ESIC, TDS, and GST dues.
- Negative cash flow from operating activities of ₹ 169.47 lakhs was reported for the period ended September 30, 2025.
- The company currently holds no registered trademark or intellectual property rights for its brand logo.
- All office facilities operate from leased premises, exposing operations to non-renewal or termination risks.
Analysis
ENS Enterprises IPO Details
The ENS Enterprises IPO is a book-built SME public issue with a total issue size of approximately ₹33.14 crores. As per the provided IPO details, the issue consists entirely of a fresh issue of equity shares.
The IPO opens for subscription on August 14, 2026 and closes on August 18, 2026. The company has set the IPO price band at ₹87 to ₹92 per equity share, while the face value is ₹10 per share. The equity shares are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| IPO Open Date | August 14, 2026 |
| IPO Close Date | August 18, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹87 to ₹92 Per Share |
| Issue Size | Approx ₹33.14 Crores |
| Fresh Issue | Approx ₹33.14 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
Note: ENS Enterprises operates in the technology and digital solutions segment, with services spanning e-commerce, custom development, cloud, AI and data solutions. Investors should evaluate the company's financial performance, IPO valuation, use of proceeds, promoter holding and business risks while assessing the IPO.
Analysis
ENS Enterprises IPO Reservation
The ENS Enterprises IPO has a category-wise reservation structure for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors and Anchor Investors.
As per the provided reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers, excluding the anchor investor portion. 15% of the issue is reserved for Non-Institutional Investors, while 35% is reserved for Retail Individual Investors.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares available under each investor category is currently unavailable in the provided data. The share quantities can be updated once the final category-wise reservation and anchor allocation details for the ENS Enterprises IPO are available.
Analysis
ENS Enterprises IPO Anchor Investors
The ENS Enterprises IPO anchor investor bidding is scheduled for August 13, 2026, one day before the public issue opens for subscription. The final anchor investor list and allocation details will provide information about institutional participation in the IPO.
The anchor allocation is subject to the applicable lock-in requirements. As per the provided structure, 50% of the anchor shares will have a 30-day lock-in period, while the remaining 50% will have a 90-day lock-in period.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 13, 2026 |
| Anchor Investors List | To be Updated |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | 2026 |
Note: The anchor investor names, number of shares allocated, anchor issue size and exact 30-day and 90-day lock-in expiry dates are currently unavailable in the provided data and can be updated once the final ENS Enterprises IPO anchor allocation details are available.
Analysis
ENS Enterprises IPO Dates
The ENS Enterprises IPO opens for subscription on August 14, 2026 and closes on August 18, 2026. Investors can submit their IPO applications during this subscription period.
The ENS Enterprises IPO allotment is expected to be finalized on August 19, 2026. Refunds for unsuccessful applicants and the credit of shares to successful investors' demat accounts are scheduled for August 20, 2026. The ENS Enterprises IPO listing date is August 21, 2026.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 14, 2026 |
| IPO Close Date | August 18, 2026 |
| Basis of Allotment | August 19, 2026 |
| Refunds | August 20, 2026 |
| Credit to Demat Account | August 20, 2026 |
| IPO Listing Date | August 21, 2026 |
Note: The above table summarizes the ENS Enterprises IPO timeline, including the opening date, closing date, basis of allotment, refunds, demat credit and proposed BSE SME listing date.
Analysis
ENS Enterprises IPO Promoters and Holding Pattern
The promoters of ENS Enterprises are Manish Kumar Srivastava, Avinash Kumar Singh and Anupam Kumar Srivastava. Prior to the IPO, the promoter and promoter group collectively hold 74,94,390 equity shares, representing 75% of the company's pre-issue equity share capital.
Other shareholders hold 24,98,122 equity shares, representing the remaining 25% before the IPO. The company's total outstanding equity shares are expected to increase from 99,92,512 shares before the issue to 1,35,94,912 shares after the IPO.
Promoters of ENS Enterprises
- Manish Kumar Srivastava
- Avinash Kumar Singh
- Anupam Kumar Srivastava
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 74,94,390 | 75% | – | -% |
| Others* | 24,98,122 | 25% | – | -% |
| Total | 99,92,512 | 100% | 1,35,94,912 | 100% |
Note: The above table summarizes the provided pre-IPO and post-IPO shareholding information of ENS Enterprises. The exact post-IPO promoter and other shareholder percentages can be updated once the final post-issue shareholding pattern is available.
Analysis
ENS Enterprises IPO Objects of the Issue & Utilisation of Proceeds
ENS Enterprises proposes to utilise the IPO proceeds primarily for strengthening its existing products, upgrading its IT infrastructure and reducing certain outstanding borrowings. A portion of the proceeds will also be used for general corporate purposes.
The largest allocation of approximately ₹17.02 crores is proposed for the enhancement, maintenance and upgrading of the company's existing products through additional manpower hiring. Another ₹6.75 crores is proposed to be invested in upgrading IT infrastructure, while approximately ₹1.20 crores will be used towards repayment of borrowings.
| Purpose | Amount |
|---|---|
| Investment related to enhancement, maintenance and upgrading of existing products through manpower hiring | ₹17.02 Crores |
| Investment in upgradation of IT Infrastructure | ₹6.75 Crores |
| Repayment of Borrowings | ₹1.20 Crores |
| General Corporate Purposes | ₹- |
Note: The above table summarizes the proposed utilisation of the ENS Enterprises IPO proceeds. Investments in manpower and IT infrastructure are intended to support product development and technology capabilities, while repayment of borrowings may help reduce the company's outstanding debt obligations.
Analysis
ENS Enterprises About Ipo
ENS Enterprises Limited, founded in January 2016, is one of the leading technology and e-commerce solutions providers. Its service offering includes UI/UX design, Web development, digital marketing, e-commerce development, ONDC (Open Network for Digital Commerce) Integration, Custom Software Development, Mobile App Development, Cloud Hosting and DevOps, Apps & Plugins (Proprietary SaaS Products), and Support and Maintenance for corporations, SMEs, and government initiatives.
The firm has domestic as well as international clients, including in the United States, Japan, Singapore, the UK, and Canada, with over 140 professionals. ENS Enterprises uses Intelligent digital solutions for modern business growth and helps transform businesses with Intelligent AI solutions.
Analysis
ENS Enterprises IPO Company Financial Report
ENS Enterprises recorded strong growth in revenue and profitability between FY2024 and FY2026. The company's revenue increased from ₹10.12 crores in FY2024 to ₹28.62 crores in FY2025 and further reached ₹51.77 crores in FY2026.
Profit After Tax (PAT) improved from ₹0.90 crores in FY2024 to ₹3.70 crores in FY2025 and reached ₹8.40 crores in FY2026. The company's total asset base also expanded significantly, increasing from ₹3.67 crores in FY2024 to ₹32.46 crores in FY2026.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹10.12 Cr. | ₹8.89 Cr. | ₹0.90 Cr. | ₹3.67 Cr. |
| 2025 | ₹28.62 Cr. | ₹23.29 Cr. | ₹3.70 Cr. | ₹20.90 Cr. |
| 2026 | ₹51.77 Cr. | ₹40.35 Cr. | ₹8.40 Cr. | ₹32.46 Cr. |
Amount in ₹ Crores: The above table summarizes ENS Enterprises' revenue, expenses, Profit After Tax (PAT) and total assets from FY2024 to FY2026. Investors should evaluate the company's revenue growth, profitability trend, margins, cash flows, debt position and IPO valuation while assessing the issue.
Analysis
ENS Enterprises IPO Valuation – FY2026
The ENS Enterprises IPO valuation can be evaluated using important financial indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, PAT Margin, Return on Net Worth (RoNW) and Net Asset Value (NAV).
For FY2026, ENS Enterprises reported an ROE of 98.97% and ROCE of 78.41%. The EBITDA margin stood at 22.78%, while the PAT margin was 16.35%. The company reported a basic EPS of ₹8.40 per share, RoNW of 58.97% and NAV of ₹18.45 per share.
| KPI | Values |
|---|---|
| ROE | 98.97% |
| ROCE | 78.41% |
| EBITDA Margin | 22.78% |
| PAT Margin | 16.35% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹8.40 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 58.97% |
| Net Asset Value (NAV) | ₹18.45 |
Note: The above valuation metrics are based on the provided FY2026 financial information. Investors should compare ENS Enterprises' EPS, profitability ratios, RoNW, NAV and IPO price band with relevant listed peers and consider the company's growth, financial position and business risks before evaluating the IPO.
Analysis
ENS Enterprises IPO Peer Group Comparison
The ENS Enterprises IPO peer group comparison helps investors compare the company's financial profile with listed technology companies using key indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV) and income.
The identified peer group includes ASM Technologies Limited, Infobeans Technologies Limited and Silver Touch Technologies Limited. Among the listed peers, ASM Technologies has the highest EPS of ₹53.77 and the highest P/E ratio of 92.27. Silver Touch Technologies has the lowest P/E ratio in the peer group at 12.99.
| Company | EPS | P/E Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| ASM Technologies Limited | 53.77 | 92.27 | 24.49% | 230.85 | 497.99 Cr. |
| Infobeans Technologies Limited | 6.90 | 24.31 | 19.66% | 37.97 | 381.08 Cr. |
| Silver Touch Technologies Limited | 14.89 | 12.99 | 22.47% | 66.28 | 315.13 Cr. |
Note: Peer-group figures provide a comparative benchmark and should not be evaluated in isolation. Investors should compare ENS Enterprises' EPS, RoNW, NAV, profitability, growth, business scale and IPO valuation with its listed peers while assessing the issue.
Analysis
IPO Lead Managers aka Merchant Bankers
- Corporate Makers Capital Ltd.
FAQ
ENS Enterprises IPO FAQs
ENS Enterprises IPO price band is Rs 87.00 to Rs 92.00. Check the latest issue price, lot size and GMP together before applying.
ENS Enterprises IPO open date is 14 Aug 2026, close date is 18 Aug 2026, and listing date is 21 Aug 2026.
ENS Enterprises IPO lot size is 1,200 shares. The minimum retail investment is Rs 2,20,800.
ENS Enterprises is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
ENS Enterprises IPO subscription status currently shows Retail 11.03x, QIB 9.44x, NII 17.18x, Overall 12.27x.
ENS Enterprises Limited is a technology company providing end-to-end digital commerce enablement and software solutions. Headquartered in Uttar Pradesh, India, the company operates across e-commerce, digital engineering, and cloud technologies. Its core service offerings include custom e-commerce platform development, mobile application development, custom software solutions, cloud hosting and DevOps, digital marketing, ongoing maintenance, and ONDC protocol integration, where it serves as an empanelled Technology Service Provider. ENS Enterprises also develops proprietary software-as-a-service products. The company operates a hybrid revenue model combining one-time project fees for large digital implementations, recurring retainers for managed services and hosting, and subscription-based income from SaaS applications. Serving B2B clients, enterprise brands, SMEs, and public sector initiatives, ENS Enterprises delivers solutions across more than twelve countries, including India, the United States, Japan, Singapore, the United Kingdom, and Canada.
ENS Enterprises IPO issue size is 33.14 and the expected allotment date is 19 Aug 2026.
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