Enfuse Solutions IPO vs Signoria Creation IPO

Comparison between Enfuse Solutions IPO and Signoria Creation IPO.

IPO Details

Enfuse Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Signoria Creation 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 Signoria Creation IPO is up to ₹8.81 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Signoria Creation IPO is ₹65.00 per share.

 Enfuse Solutions IPOSignoria Creation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share₹61.00 per share
Issue Price (Upper)₹96.00 per share₹65.00 per share
Issue Price (Final)₹96.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1200 shares2000 shares
Fresh Issue Size22,17,600 shares13,56,000 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹8.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares13,56,000 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹8.81 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of Enfuse Solutions IPO and Signoria Creation IPO is Mar 19, 2024, and Mar 14, 2024, respectively.

 Enfuse Solutions IPOSignoria Creation IPO
Anchor Bid DateMar 14, 2024Mar 11, 2024
Issue OpenMar 15, 2024Mar 12, 2024
Issue CloseMar 19, 2024Mar 14, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 15, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 18, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 18, 2024
Listing date (Tentative)Mar 22, 2024Mar 19, 2024
Anchor Lockin End date 1Apr 19, 2024Apr 14, 2024
Anchor Lockin End date 2Jun 18, 2024Jun 13, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Signoria Creation IPO P/E ratio of 9.37.

 Enfuse Solutions IPOSignoria Creation 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 Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets26.1523.359.515.98
Total Income6.5319.1611.825.89
Profit After Tax0.652.310.680.33
NET Worth6.485.831.510.83
Reserves and Surplus5.374.721.010.33
Total Borrowing12.6410.503.772.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.58
P/E Ratio21.359.37
Market Cap₹84.94 Cr.₹30.93 Cr.
ROE39.88%10.48%
ROCE24.05%7.38%
Debt/Equity
EPS₹4.50₹6.94
RoNW33.25%9.96%

Shares Offered

In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in Signoria Creation IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 2,16,000 shares in Signoria Creation IPO.

 Enfuse Solutions IPOSignoria Creation IPO
Anchor Investor Reservation6,63,600 shares3,20,000 shares
Market Maker Reservation1,20,000 shares72,000 shares
QIB4,44,000 shares2,16,000 shares
NII3,33,600 shares2,50,000 shares
RII7,76,400 shares5,30,000 shares
Employee40,000 shares
Others
Total22,17,600 shares13,56,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Signoria Creation IPO subscribed 666.32x.

 Enfuse Solutions IPOSignoria Creation IPO
QIB (times)99.97x107.56x
NII (times)953.22x1,290.56x
Big NII (times)
Small NII (times)
RII (times)248.42x649.88x
Employee (times)
Other (times)
Total (times)357.31x666.32x

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