Mumbai, March 22 -- The scrip was listed at Rs 72, a premium of 2.86% compared with the initial public offer (IPO) price. The stock is currently down 2.85% over its listing price.

The counter hit a high of Rs 74 and a low of Rs 68.50. About 8.18 lakh shares of the company changed hands at the counter.

Enser Communications' IPO was subscribed 6.96 times. The issue opened for bidding on 15 March 2024 and it closed on 19 March 2024. The price of the IPO was fixed at Rs 70 per share.

The IPO comprised fresh issue of 23,10,000 equity shares. The promoter and promoter shareholding diluted to 66.24% from 90.13% pre-IPO.

The company intends to utilize the net proceeds to meet working capital requirements, to setting up of new service unit, is...