Enfuse Solutions IPO vs Naman In-Store IPO

Comparison between Enfuse Solutions IPO and Naman In-Store IPO.

IPO Details

Enfuse Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Naman In-Store IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Enfuse Solutions IPO is up to ₹21.29 Cr whereas the issue size of the Naman In-Store IPO is up to ₹24.08 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Naman In-Store IPO is ₹89.00 per share.

 Enfuse Solutions IPONaman In-Store IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share₹84.00 per share
Issue Price (Upper)₹96.00 per share₹89.00 per share
Issue Price (Final)₹96.00 per share₹89.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size22,17,600 shares27,05,600 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹24.08 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares27,05,600 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹24.08 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Naman In-Store IPO opens on Mar 22, 2024. The closing date of Enfuse Solutions IPO and Naman In-Store IPO is Mar 19, 2024, and Mar 27, 2024, respectively.

 Enfuse Solutions IPONaman In-Store IPO
Anchor Bid DateMar 14, 2024Mar 21, 2024
Issue OpenMar 15, 2024Mar 22, 2024
Issue CloseMar 19, 2024Mar 27, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 28, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Apr 01, 2024
Credit of Share (Tentative)Mar 21, 2024Apr 01, 2024
Listing date (Tentative)Mar 22, 2024Apr 02, 2024
Anchor Lockin End date 1Apr 19, 2024Apr 27, 2024
Anchor Lockin End date 2Jun 18, 2024Jun 26, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Naman In-Store IPO P/E ratio of 17.95.

 Enfuse Solutions IPONaman In-Store IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets25.4711.658.904.61
Total Income28.0526.1025.5717.20
Profit After Tax3.232.931.981.55
NET Worth9.706.463.541.56
Reserves and Surplus3.19
Total Borrowing9.062.422.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.9930.7416.93
Total Income79.30149.9451.0913.41
Profit After Tax6.193.820.210.05
NET Worth12.035.852.031.32
Reserves and Surplus4.890.530.42
Total Borrowing31.6629.4418.8410.24
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.58
P/E Ratio21.3517.95
Market Cap₹84.94 Cr.₹93.88 Cr.
ROE39.88%69.22%
ROCE24.05%24.51%
Debt/Equity
EPS₹4.50₹4.96
RoNW33.25%51.42%

Shares Offered

In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in Naman In-Store IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 5,40,800 shares in Naman In-Store IPO.

 Enfuse Solutions IPONaman In-Store IPO
Anchor Investor Reservation6,63,600 shares8,11,200 shares
Market Maker Reservation1,20,000 shares1,42,400 shares
QIB4,44,000 shares5,40,800 shares
NII3,33,600 shares4,06,400 shares
RII7,76,400 shares9,47,200 shares
Employee
Others
Total22,17,600 shares27,05,600 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Naman In-Store IPO subscribed 309.03x.

 Enfuse Solutions IPONaman In-Store IPO
QIB (times)99.97x109.75x
NII (times)953.22x528.12x
Big NII (times)
Small NII (times)
RII (times)248.42x328.80x
Employee (times)
Other (times)
Total (times)357.31x309.03x

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