IPO Listed — 21 Aug 2026
Listing Price: ₹96
ENS Enterprises SME IPO GMP History | Listing Price ₹96 & Kostak Rate
ENS Enterprises SME IPO has been listed on August 21, 2026 at a listing price of ₹96, against the issue price of ₹92 — a gain of ₹4 (+4.35%). The GMP peaked at ₹5 on 21 August 2026 and reached a low of ₹4 on 19 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
ENS Enterprises SME IPO raised ₹33.14 Cr. through its IPO at a price band of ₹87 to ₹92 per share, with a lot size of 1200 shares. The IPO was open for subscription from 14 Aug 2026 to 18 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 21 Aug 2026 | ₹ 5 | 5.43% | ₹ 0 | ₹ 0 | |
| 20 Aug 2026 | ₹ 5 | 5.43% | ₹ 0 | ₹ 0 | |
| 19 Aug 2026 | ₹ 4 | 4.35% | ₹ 0 | ₹ 0 | |
| 18 Aug 2026 | ₹ 4 | 4.35% | ₹ 0 | ₹ 0 |
ENS Enterprises SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 14 Aug, 2026 |
| Close Date | 18 Aug, 2026 |
| Allotment Date | 19 Aug, 2026 |
| Refund Date | 20 Aug, 2026 |
| Credit to Demat | 20 Aug, 2026 |
| Listing Date | 21 Aug, 2026 |
ENS Enterprises SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹92 |
| GMP-Based Estimate (Pre-Listing) | ₹97 (+5.4%) |
| Actual Listing Price | ₹96 (+4.35%) |
| Listing Gain / Loss | +₹4 per share |
| Listing Date | 21 Aug, 2026 |
Is ENS Enterprises SME IPO GMP Reliable?
Grey market premium for ENS Enterprises SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the ENS Enterprises SME IPO full review for a fundamentals-based assessment before making any grey market trades.
ENS Enterprises SME IPO IPO Kostak Rate Explained
The Kostak rate for ENS Enterprises SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About ENS Enterprises SME IPO
The company offers e-commerce platforms, ONDC integrations, software and mobile app development, cloud and DevOps work, digital marketing, blockchain solutions and technology consulting. It also builds its own SaaS products which earn regular subscription income.
Its business model is a mix of two things. One part is project work billed as per the job, and the other part is recurring income from SaaS subscriptions and support contracts, which gives more predictable cash flow. The company has been empanelled as a Technology Service Provider for the Government of India ONDC programme since 2022. It also spends on research in areas such as AI and machine learning, generative AI, predictive analytics, IoT, blockchain and cloud architecture. As on 30 June 2026 it had 100 employees, of which 92 were in engineering and technology.
Strengths & Risks
Strengths
- ✓ Sales have grown very fast, from Rs 10.12 crore in FY2024 to Rs 28.62 crore in FY2025 and Rs 51.77 crore in FY2026.
- ✓ Profit after tax grew from Rs 0.90 crore in FY2024 to Rs 3.70 crore in FY2025 and Rs 8.40 crore in FY2026.
- ✓ The company carries very little debt. Total borrowing was Rs 3.97 crore against a net worth of Rs 18.44 crore as on 31 March 2026.
- ✓ EBITDA improved from Rs 1.38 crore in FY2024 to Rs 11.71 crore in FY2026.
- ✓ It is an empanelled Technology Service Provider for the Government of India ONDC programme, which is a recognised position in a growing area.
- ✓ The SaaS and support part of the business gives recurring income, which is steadier than one time project work.
- ✓ It serves clients in more than 12 countries, so it is not dependent on the Indian market alone.
- ✓ The team is technology heavy, with 92 of its 100 employees working in engineering and technology.
Risks
- ⚠ The growth is from a very small base and is unusually fast. Income went up five times in two years, from Rs 10.12 crore to Rs 51.77 crore, and such a pace is hard to maintain.
- ⚠ The largest part of the issue money, Rs 17.02 crore, will be spent on hiring manpower. Salary is a recurring cost and not an asset, so this money will not create anything that can be sold later.
- ⚠ IT services companies of this size usually depend on a few clients. Losing one large client can affect a big share of revenue.
- ⚠ The company is small with only 100 employees, and in IT services people can leave for better offers, taking client knowledge with them.
- ⚠ A good part of the story rests on ONDC, which is still a developing government initiative, and its future volume is not certain.
- ⚠ Promoter holding falls from 75% to 55.13% after the issue, which is not far above the halfway mark.
- ⚠ The registrar for this issue is Abhipra Capital Limited, whose allotment portal is not integrated on our site, so allotment will have to be checked on the registrar website directly.
- ⚠ This is an SME issue. One lot is 1,200 shares, which is about Rs 1.10 lakh at the upper band of Rs 92, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about ENS Enterprises SME IPO
What is the GMP of ENS Enterprises SME IPO?
The current Grey Market Premium (GMP) of ENS Enterprises SME IPO is ₹ 5.
What is the Kostak Price of ENS Enterprises SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for ENS Enterprises SME IPO is currently not available.
What is the Subject to Sauda Price of ENS Enterprises SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of ENS Enterprises SME IPO?
ENS Enterprises SME IPO listed on August 21, 2026 at ₹96, against the issue price of ₹92 — a gain of +4.35%.
How did the GMP of ENS Enterprises SME IPO trend before listing?
The GMP of ENS Enterprises SME IPO was stable in its final days before listing. The GMP peaked at ₹5 on 21 August 2026. View the day-wise table above for the complete GMP history.
Explore ENS Enterprises SME IPO Further
For a complete picture before making your investment decision, explore these resources:
