ENS Enterprises SME IPO
ENS Enterprises IPO — date, price band, GMP & allotment 2026
ENS Enterprises Limited is a technology company providing digital commerce and software solutions to clients in over 12 countries. It has been an empanelled Technology Service Provider for the Government of India ONDC programme since 2022 and also sells its own SaaS products.
Stock price
ENS Enterprises is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 September.
- Open 14 Aug 2026
- Close 18 Aug 2026
- Allotment 19 Aug 2026
- Refund/credit 20 Aug 2026
- Listing 21 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 18 Aug, 2026 |
|---|---|
| Price Band | ₹87 – ₹92 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹33.14 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Abhipra Capital Limited |
| Min Investment | ₹ 2,20,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹92 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,20,800 |
| Retail (max) | 2 | 2,400 | ₹2,20,800 |
| HNI (min) | 3 | 3,600 | ₹3,31,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales 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.
- 02Profit after tax grew from Rs 0.90 crore in FY2024 to Rs 3.70 crore in FY2025 and Rs 8.40 crore in FY2026.
- 03The 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.
- 04EBITDA improved from Rs 1.38 crore in FY2024 to Rs 11.71 crore in FY2026.
- 05It is an empanelled Technology Service Provider for the Government of India ONDC programme, which is a recognised position in a growing area.
- 06The SaaS and support part of the business gives recurring income, which is steadier than one time project work.
- 07It serves clients in more than 12 countries, so it is not dependent on the Indian market alone.
- 08The team is technology heavy, with 92 of its 100 employees working in engineering and technology.
Risks · 8
- 01The 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.
- 02The 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.
- 03IT services companies of this size usually depend on a few clients. Losing one large client can affect a big share of revenue.
- 04The company is small with only 100 employees, and in IT services people can leave for better offers, taking client knowledge with them.
- 05A good part of the story rests on ONDC, which is still a developing government initiative, and its future volume is not certain.
- 06Promoter holding falls from 75% to 55.13% after the issue, which is not far above the halfway mark.
- 07The 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.
- 08This 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.
Three years of numbers
All figures in ₹ crore, as reported in the ENS Enterprises offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 32.46 | 20.24 | 3.35 |
| Total Income | 51.77 | 28.62 | 10.12 |
| Profit After Tax | 8.40 | 3.70 | 0.90 |
| EBITDA | 11.71 | 5.48 | 1.38 |
| NET Worth | 18.44 | 10.04 | 1.90 |
| Reserves and Surplus | 8.45 | 7.33 | 1.87 |
| Total Borrowing | 3.97 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the ENS Enterprises RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
ENS Enterprises IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.18 |
| P/E Ratio (x) | 14.89 |
| Market Cap at Offer Price (₹ Cr) | ₹125.05 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹92 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹24.97 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
9217995892
011-42390700
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Corporate Makers Capital Ltd.
9 issues handledBest listing: Kwick Forensic Solutions (+66.7%). Weakest: Fly-Hi Maritime Travels (-20.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of ENS Enterprises?
The current Grey Market Premium is ₹5, or 5.43% over the issue price.
What is the ENS Enterprises IPO price band?
₹87 to ₹92, on a face value of ₹10.
When is the allotment?
The basis of allotment is 19 August 2026, with listing on 21 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Abhipra Capital Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
