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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.

 Enfuse Solutions IPONaman In-Store IPO
LogoEnfuse Solutions IPO LogoNaman In-Store IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor 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 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

Enfuse Solutions Limited Financial Information (Restated)

Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,547.231,164.71889.80460.80
Total Income2,805.282,610.422,556.641,720.26
Profit After Tax322.50292.73198.11155.43
Net Worth969.95646.45353.72155.60
Reserves and Surplus318.95
Total Borrowing905.75242.09234.08
Amount in ₹ Lakhs

Naman In-Store (India) Limited Financial Information (Restated)

Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,598.943,074.091,693.00
Total Income7,929.7114,993.505,108.941,341.28
Profit After Tax618.89381.7121.255.08
Net Worth1,203.48584.59202.88131.64
Reserves and Surplus488.9453.4841.64
Total Borrowing3,166.062,944.091,883.911,023.91
Amount in ₹ Lakhs
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 Reserveration6,63,600 shares8,11,200 shares
Market Maker Reserveration1,20,000 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