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Enfuse Solutions IPO vs Enser Communications IPO

Comparison between Enfuse Solutions IPO and Enser Communications IPO.

IPO Details

Enfuse Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Enser Communications IPO is a SME Fixed Price proposed to list at NSE SME.

 Enfuse Solutions IPOEnser Communications IPO
LogoEnfuse Solutions IPO LogoEnser Communications IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Novus Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.B.N.Rathi Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Enfuse Solutions IPO is up to ₹21.29 Cr whereas the issue size of the Enser Communications IPO is up to ₹15.34 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Enser Communications IPO is ₹70.00 per share.

 Enfuse Solutions IPOEnser Communications IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share
Issue Price (Upper)₹96.00 per share
Issue Price (Final)₹96.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size22,17,600 shares21,92,000 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹15.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares21,92,000 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹15.34 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Enser Communications IPO opens on Mar 15, 2024. The closing date of Enfuse Solutions IPO and Enser Communications IPO is Mar 19, 2024, and Mar 19, 2024, respectively.

 Enfuse Solutions IPOEnser Communications IPO
Anchor Bid DateMar 14, 2024
Issue OpenMar 15, 2024Mar 15, 2024
Issue CloseMar 19, 2024Mar 19, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 20, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 21, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 21, 2024
Listing date (Tentative)Mar 22, 2024Mar 22, 2024
Anchor Lockin End date 1Apr 19, 2024
Anchor Lockin End date 2Jun 18, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Enser Communications IPO P/E ratio of 28.02.

 Enfuse Solutions IPOEnser Communications 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
Assets17.9913.848.706.62
Total Income18.1625.9116.869.61
Profit After Tax2.141.600.78-0.12
NET Worth6.533.952.351.57
Reserves and Surplus6.523.942.341.56
Total Borrowing7.096.323.092.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%90.13%
Promoter Shareholding (Post-Issue)73.58%66.25%
P/E Ratio21.3528.02
Market Cap₹84.94 Cr.₹61.01 Cr.
ROE39.8832.76
ROCE24.0534.61
EPS₹4.50₹2.50
RoNW33.2532.76

Shares Offered

In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in Enser Communications IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and in Enser Communications IPO.

 Enfuse Solutions IPOEnser Communications IPO
Anchor Investor Reservation6,63,600 shares
Market Maker Reservation1,20,000 shares1,18,000 shares
QIB4,44,000 shares
NII3,33,600 shares10,96,000 shares
RII7,76,400 shares10,96,000 shares
Total22,17,600 shares21,92,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 250.39x in total, whereas Enser Communications IPO subscribed 7.28x.

 Enfuse Solutions IPOEnser Communications IPO
QIB (times)99.97x
NII (times)953.22x3.64x
RII (times)248.42x10.92x
Total (times)250.39x7.28x

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Enfuse Solutions IPO Vs Enser Communications IPO