ENS Enterprises IPO

The ENS Enterprises SME IPO opens for subscription on 14 Aug 2026 and closes on 18 Aug 2026, offered at a price band of ₹87–92 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹33.14 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,20,800.

Issue structure

The IPO is structured entirely as a fresh issue of ₹31.48 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward investment related to enhancement, maintenance and upgrading of existing products through manpower hiring (₹17.02 crore), alongside investment in upgradation of it infrastructure (₹6.75 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, ENS Enterprises reported revenue of ₹51.77 crore and a net profit of ₹8.4 crore. Revenue grew from ₹10.12 crore in FY2024 to ₹51.77 crore in FY2026 (+412.0%). Net worth stood at ₹18.44 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 14.89× post-issue earnings and 4.99× book value, against a return on net worth of 58.97%. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Asm Technologies Ltd and Infobeans Technologies Limited, with a median peer P/E of about 24.3×. The issue's own post-issue P/E works out to 14.89×.

Promoters

The promoters of the company are <p>Manish Kumar Srivastava, Avinash Kumar Singh, Anupam Kumar Srivastava</p>. Promoter holding stands at 75% before the issue and comes down to 55.13% after listing.

Grey market premium (GMP)

In the unofficial grey market, ENS Enterprises shares are quoted at a premium of ₹5 implying an expected listing around ₹97, about +5.4% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The ENS Enterprises IPO was subscribed 13.11 times overall. The strongest demand came from non-institutional investors (NII) at 22.89 times, with qualified institutional buyers (QIB) at 9.44× and retail investors at 11.02×.

Listing performance

ENS Enterprises listed on 21 Aug 2026 at ₹96, a premium of +4.3% over the issue price of ₹92.

What to weigh

When evaluating the ENS Enterprises IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About ENS Enterprises

Incorporated in January 2016, ENS Enterprises Limited provides end-to-end digital commerce enablement and software solutions. The company has established a strong presence in domestic and international markets, supporting clients in 12+ countries with over 140 professionals. It offers a broad service portfolio, successfully delivering IT projects and establishing itself as a trusted technology partner for corporations, SMEs, and government initiatives. The majority of the company's revenues are generated from India, but the company has also made its presence internationally, viz. United States, Japan, Singapore, the UK, and Canada. As of 30 September 2025, the team comprises approximately 148 members, including Directors, KMP, and SMP, but excluding Non-Executive Independent Directors and employees. Service Offerings: E-Commerce Development ONDC (Open Network for Digital Commerce) Integration. Custom Software Development. Mobile App Development Digital Marketing and Growth Services Cloud Hosting and DevOps Apps &amp; Plugins (Proprietary SaaS Products) Support and Maintenance Competitive Strength: Proven expertise in digital commerce solutions, including ONDC integration and custom e-commerce platforms. Certified ONDC Technology Service Provider (TSP) with an early-mover advantage in government-backed initiatives. Diverse client base spanning enterprises, global brands, and government projects, enhancing credibility and visibility. Balanced revenue model combining project-based and recurring income, ensuring financial stability. Experienced leadership team with strong industry networks supporting growth and partnerships.