Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
Proprietary Multi-Factor Moat Model
Synthesizing institutional thesis...
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹ 220800
HNI (Min Lot)
sNII / High Net-Worth Tier
₹ 331200
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
28.48%
Market Maker
5.03%
QIB
18.99%
NII / HNI
14.26%
Retail
33.24%
Institutional Corporate Dossier
ENS Enterprises
COMPANY PROFILE & DNA
Incorporation / Founded
7/1/2016
Active Vintage
Corporate Headquarters
Noida, Uttar Pradesh
Registered Hub
👔 Leadership & Promoter Group
Key Management
Mr. Manish Kumar Srivastava, Mr. Avinash Kumar Singh, Mr. Anupam Kumar Srivastava
⚙️ Business Overview & Portfolio
Core Offerings
We are engaged in providing end-to-end digital commerce enablement and software solutions.
🎯 Target Market & End-Use
Revenue Drivers
Tailoring software products and services to B2B corporate clients specific requirements.
🛡️
★ Unique Selling Proposition (Core Economic Moat)
Certified Technology Service Provider under ONDC, giving the company a rare first-mover advantage.
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Investment related to enhancement, maintenance and upgrading of existing products through manpower hiring
₹ 17.02
Allocation
🎯 Objective 02
Investment in upgradation of IT Infrastructure
₹ 6.7521
Allocation
🎯 Objective 03
Repayment of Borrowing
₹ 1.20
Allocation
🎯 Objective 04
General Corporate Purposes
Balance
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Total Income | 51.37 | 28.33 | 10.11 | 7.36 |
| EBITDA | 11.56 | 5.33 | 1.24 | |
| Profit After Tax (PAT) | 8.4 | 3.7 | 0.9 | 0.56 |
| Net Worth | 18.44 | 10.04 | 1.9 | |
| Total Borrowing | 3.97 | 0 | 0 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
28.33
₹ Cr
YoY Growth
1.8027
3-Year CAGR
0.9627
5.33
₹ Cr
YoY Growth
3.308
3-Year CAGR
NA
3.7
₹ Cr
YoY Growth
3.1011
3-Year CAGR
1.5817
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 0.3689 | 0.4743 | 0.4216 | Good |
| ROCE (Capital Employed)ROCE | 0.5308 | 0.6498 | 0.5903 | Good |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.47
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 0 | 0.06 | Low |
| EPS (₹) | 2.72 | 6.18 | Accretive |
| ROE (%) | 0.3689 | 0.0858 | Bad |
| ROCE (%) | 0.5308 | 0.1131 | Bad |
| P/E (Valuation) | 33.77 | 14.89 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY23
FY24
FY25
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0.15 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| ENS Enterprises Limited IPO CANDIDATE | 28.33 | 14.89 (Ask) | 0.5308 | 8.58% (Post Issue) | 0.1881 |
| ASM Technologies Limited | ₹ 497.99 Cr | 92.27 | 0.2783 | 0.2449 | 0.176 |
| InfoBeans Technologies Limited | ₹ 381.08 Cr | 24.31 | 0.2329 | 0.1966 | 0.2085 |
| Silver Touch Technologies Limited | ₹ 315.13 Cr | 12.99 | 0.334 | 0.2247 | 0.1795 |
| NA | 0 | 0 | 0 | 0 | 0 |
| NA | 0 | 0 | 0 | 0 | 0 |
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Proven Digital Commerce Expertise
- Certified Technology Service Provider under ONDC
- Diverse Client Base
- Balanced revenue model with recurring income streams
Weaknesses
Internal Operational Constraints
- Client Concentration
- Reliance on External Platforms
- No registered Intellectual Property Rights in our name
- Registered Office is located on rental premises
Opportunities
External Growth Tailwinds
- Accelerated adoption of digital commerce
- International Expansion
- SaaS and PaaS Product Development
- Public Sector Digitization
Threats & Risks
External Macro & Sector Headwinds
- Competitive Landscape with pricing pressures
- Evolving Regulatory Environment
- Rapid Technology Disruption
- Talent Retention with rising attrition rates
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
96
Moat score of 5 is supported by robust ROCE and ROE consistently above 15% and an expanding EBITDA margin trend, offset by a highly fragmented industry, significant client concentration with top 5 customers contributing 49.32% of revenue, and high working capital requirements due to high debtor days.
28.48
5.03
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-