| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 10.11 | 28.33 | 51.37 |
| Expenses | 8.89 | 23.29 | 40.35 |
| Other Income | 0.01 | 0.28 | 0.39 |
| Total Revenue | 10.12 | 28.62 | 51.77 |
| Profit Before Tax | 1.24 | 5.33 | 11.42 |
| Net Profit | 0.90 | 3.70 | 8.40 |
ENS Enterprises
ENS Enterprises IPO
₹2,08,800
0.29 xOver-subscribedBidding Dates 14 Aug, 26 -18 Aug, 26
Min Investment ₹2,08,800
Lot Size1,200
Price Range ₹87 – ₹92
Issue Size ₹33.14 Cr.
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IPO Subscription Details
Retail Subscription Details
0.14 x
Non-Institutional Buyers (sHNI)
0.76 x
Non-Institutional Buyers (bHNI)
1.14 x
Qualified Institutional Buyers (QIB)
0 x
Total0.29 x
0.29 x IPO Timeline
IPO Offer Start
14 Aug,26
IPO Offer Ends
18 Aug,26
Allotment Finalisation
19 Aug,26
Refund Initiation
20 Aug,26
Listing of Shares
21 Aug,26
IPO Analysis
Strengths
The company is managed by qualified and experienced promoters with rich experience in the Information Technology sector, providing relevant expertise for managing business activities in digital commerce and IT services.
The company benefits from a strong and diversified client base including leading enterprises in FMCG, telecom, and retail sectors, with proven ability to execute large-scale, mission-critical digital commerce projects while maintaining high client retention rates.
The company holds early-mover advantage as a recognized TSP for Open Network for Digital Commerce (ONDC), enhancing credibility and providing access to large-scale opportunities in SME digitization and government-linked projects.
Risks
The company is heavily dependent on a few customers, with top 10 customers contributing 69.17%, 60.12% and 87.09% of revenues for FY2026, FY2025 and FY2024 respectively. The company has no long-term commitments from customers, making it vulnerable to order reductions, delays or cancellations from major clients.
The company has experienced significant delays in filing statutory forms with the Registrar of Companies, with some delays exceeding 3,400 days. These compliance failures expose the company to potential penalties, regulatory actions, and reputational damage that could adversely affect operations and financial condition.
The company reported negative operating cash flows of ₹11,003.60 thousands in FY2026, indicating potential liquidity challenges. This negative cash generation could adversely affect the company's ability to fund operations and growth initiatives.
Objectives
The company intends to deploy funds for enhancement, maintenance and upgrading of existing products through manpower hiring. The company plans to expand its team by hiring additional professionals and technical experts under various departments to strengthen its human resource capabilities and meet evolving client requirements.
The company proposes to invest in the procurement and deployment of advanced computing infrastructure and modern IT hardware. This investment includes hardware setup and advanced software tools to support growing operations, improve efficiency, and enhance service delivery capabilities.
The company proposes to utilize proceeds towards full or partial repayment or pre-payment of certain borrowings availed from lenders. This will help reduce outstanding indebtedness, debt servicing costs, and maintain a favorable debt to equity ratio while enabling utilization of internal accruals for business growth.
The company intends to deploy the balance proceeds towards general corporate purposes to drive business growth. This includes meeting operating expenses, strengthening business development and marketing capabilities, and meeting exigencies that the company may not foresee in the ordinary course of business.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 3.35 | 20.24 | 32.46 |
| Current Assets | 2.95 | 17.13 | 25.65 |
| Fixed Assets | 0.39 | 3.12 | 6.81 |
| Total Equity & Liabilities | 3.35 | 20.24 | 32.46 |
| Total Liabilities | 1.64 | 10.47 | 14.63 |
| Current Liabilities | 1.44 | 10.20 | 14.02 |
| Non Current Liabilities | 0.19 | 0.26 | 0.60 |
| Total Equity | 1.90 | 10.04 | 18.44 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.12 | 1.25 | -1.30 |
| Investing Activities | -0.23 | -5.65 | -4.02 |
| Operating Activities | 0.11 | 2.50 | -1.10 |
| Financing Activities | 0.00 | 4.39 | 3.82 |
About ENS Enterprises
ENS Enterprises Limited is an ISO 27001:2022 & ISO 9001:2015 certified technology company established in 2016 and headquartered in Uttar Pradesh, India. The company provides end-to-end digital commerce enablement and software solutions, serving clients across 12+ countries with over 140 professionals. The company operates at the intersection of e-commerce, digital...more
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