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.

	Enfuse Solutions IPO	Signoria Creation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Holani Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Holani Consultants Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 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 IPO	Signoria 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 Size	1200 shares	2000 shares
Fresh Issue Size	22,17,600 shares	13,56,000 shares
Fresh Issue Size (Amount)	up to ₹21.29 Cr	up to ₹8.81 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	22,17,600 shares	13,56,000 shares
Issue Size Total (Amount)	up to ₹21.29 Cr	up 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 IPO	Signoria Creation IPO
Anchor Bid Date	Mar 14, 2024	Mar 11, 2024
Issue Open	Mar 15, 2024	Mar 12, 2024
Issue Close	Mar 19, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 19, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jun 18, 2024	Jun 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 IPO

Signoria Creation 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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,547.23	1,164.71	889.80	460.80
Total Income	2,805.28	2,610.42	2,556.64	1,720.26
Profit After Tax	322.50	292.73	198.11	155.43
Net Worth	969.95	646.45	353.72	155.60
Reserves and Surplus	318.95
Total Borrowing	905.75	242.09	234.08
Amount in ₹ Lakhs

Signoria Creation Limited Financial Information (Restated Standalone)

Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,614.56	2,334.92	950.76	597.88
Total Income	652.92	1,915.81	1,181.64	588.98
Profit After Tax	64.52	231.05	67.53	32.60
Net Worth	647.75	583.23	150.88	83.35
Reserves and Surplus	536.75	472.23	100.88	33.35
Total Borrowing	1,263.93	1,050.26	376.84	223.15
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.58

P/E Ratio

21.35

9.37

Market Cap

₹84.94 Cr.

₹30.93 Cr.

ROE

39.88%

10.48%

ROCE

24.05%

7.38%

Debt/Equity

EPS

₹4.50

₹6.94

RoNW

33.25%

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 IPO	Signoria Creation IPO
Anchor Investor Reserveration	6,63,600 shares	3,20,000 shares
Market Maker Reserveration	1,20,000 shares	72,000 shares
QIB	4,44,000 shares	2,16,000 shares
NII	3,33,600 shares	2,50,000 shares
RII	7,76,400 shares	5,30,000 shares
Employee		40,000 shares
Others
Total	22,17,600 shares	13,56,000 shares

Bids Received (Subscription)

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

	Enfuse Solutions IPO	Signoria Creation IPO
QIB (times)	99.97x	107.56x
NII (times)	953.22x	1,290.56x
Big NII (times)
Small NII (times)
RII (times)	248.42x	649.88x
Employee (times)
Other (times)
Total (times)	357.31x	666.32x

Compare with others

Enfuse Solutions IPO	Signoria Creation IPO
Naman In-Store IPO	Enser Communications IPO
Omfurn India FPO	Enfuse Solutions IPO
Vishwas Agri Seeds IPO	KP Green Engineering IPO
Chatha Foods IPO	Royal Sense IPO
Enser Communications IPO	AVP Infracon IPO
KP Green Engineering IPO	Pratham EPC Projects IPO
Royal Sense IPO	Koura Fine Diamond Jewelry IPO
AVP Infracon IPO	Shree Karni Fabcom IPO
Signoria Creation IPO	V R Infraspace IPO
Pratham EPC Projects IPO	Sona Machinery IPO