What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Enser Communications Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹0, the estimated listing price is ₹70 (approx. 0.0% gain).

What is the expected profit per lot for Enser Communications Limited IPO?

With a lot size of 2000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

IPO GreyPremiumLIVE

Grey Market Intelligence

Enser Communications Limited

ListedSME

Emerging SME Services · NSE

Enser Communications Limited, established in 2008, is a leading provider of Business Process Management (BPM) services, catering to industries such as insurance, e-commerce, education, and travel. The company operates across four key verticals—customer acquisition, customer services, IT infrastructure management, and data management—offering solutions that include business analytics, CRM systems, and ERP implementation. With a prestigious client portfolio featuring Acko General Insurance Limited and Ola Financial Services Pvt Ltd, Enser delivers tailored services that meet the evolving demands of modern businesses. Supported by a workforce of 780 full-time employees as of December 31, 2023, the company remains committed to innovation and operational excellence, solidifying its reputation as a trusted BPM partner.

Price Band

₹70

Issue Size

₹16.17 Cr

Lot Size

2000 shares

GMP

—

Est. Listing

₹70

at current GMP

Subscribed

7.33x

overall

Open

15 Mar 2024

19 Mar 2024

Allotment

20 Mar 2024

Refund

21 Mar 2024

Demat Credit

22 Mar 2024

Listing

22 Mar 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Enser Communications Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹70

Band: ₹70

Estimated Listing Price

₹70

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,40,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹70
30 Oct 2026	—	0.0%	₹70
29 Oct 2026	—	0.0%	₹70

About Enser Communications Limited Public Issue & Market Profile

Enser Communications Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.17 Crores. The shares are offered at a price band of ₹70 to ₹70 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-03-22, while un-allotted funds or UPI block mandates will be released on 2024-03-21.

Frequently Asked Questions

What is Enser Communications Limited IPO GMP today?

The latest grey market premium for Enser Communications Limited IPO is ₹0, which indicates an expected listing price of ₹70.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.