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Enfuse Solutions IPO is a book build issue of ₹22.44 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹22.44 crore.
Enfuse Solutions IPO bidding started from Mar 15, 2024 and ended on Mar 19, 2024. The allotment for Enfuse Solutions IPO was finalized on Mar 20, 2024. The shares got listed on NSE SME on Mar 22, 2024.
Enfuse Solutions IPO price band is set at ₹96.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,09,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,30,400.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Enfuse Solutions IPO RHP for detailed Information.
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | March 22, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹91 to ₹96 per share |
| Issue Price Final | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,37,600 shares (aggregating up to ₹22.44 Cr) |
| Reserved for Market Maker | 1,20,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.15 Cr) |
| Net Offered to Public | 22,17,600 shares (aggregating up to ₹21.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 65,10,000 shares |
| Share Holding Post Issue | 88,47,600 shares |
Enfuse Solutions IPO offers total 23,37,600 shares. Out of which 11,07,600 (47.38%) allocated to QIB, 4,44,000 (18.99%) allocated to QIB, 3,33,600 (14.27%) allocated to NII, 7,76,400 (33.21%) allocated to RII and 6,63,600 (28.39%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,20,000 (5.13%) |
| QIB Shares Offered | 11,07,600 (47.38%) |
| − Anchor Investor Shares Offered | 6,63,600 (28.39%) |
| − QIB (Ex. Anchor) Shares Offered | 4,44,000 (18.99%) |
| NII (HNI) Shares Offered | 3,33,600 (14.27%) |
| Retail Shares Offered | 7,76,400 (33.21%) |
| Total Shares Offered | 23,37,600 (100.00%) |
Enfuse Solutions IPO raises ₹6.37 crore from anchor investors. Enfuse Solutions IPO Anchor bid date is March 14, 2024. Enfuse Solutions IPO Anchor Investors list
| Bid Date | March 14, 2024 |
| Shares Offered | 6,63,600 |
| Anchor Portion Size (In Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 18, 2024 |
Enfuse Solutions IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Fri, Mar 15, 2024 |
| IPO Close Date | Tue, Mar 19, 2024 |
| Tentative Allotment | Wed, Mar 20, 2024 |
| Initiation of Refunds | Thu, Mar 21, 2024 |
| Credit of Shares to Demat | Thu, Mar 21, 2024 |
| Tentative Listing Date | Fri, Mar 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 19, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Enfuse Solutions Limited provides integrated digital solutions in the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, education, and technology solutions.
The company operates in four areas:
The company has two delivery centers, one in Thane, Maharashtra, and the second in Vikroli, Mumbai, Maharashtra.
The company generates revenue from its domestic business in India and exports services to countries such as the US, Ireland, the Netherlands and Canada.
As of December 31, 2023, the company employed a total of 448 employees at various levels of the organization, including key management personnel.
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 | ||||
The market capitalization of Enfuse Solutions IPO is ₹84.94 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 39.88% |
| ROCE | 24.05% |
| RoNW | 33.25% |
| PAT Margin | 11.51% |
| Price to Book Value | 7.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.50 | 4.03 |
| P/E (x) | 21.35 | 23.8 |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
[Dilip Davda] The company is operating in a highly competitive segment of integrated digital solution providing. It marked growth in its top and bottom lines for the reported periods, but sudden surge in its bottom lines raises eyebrows. Based on its FY24 annualized earnings, the issue appears fully priced. The financial performance for the last 21 months appears to have been fabricated to match the asking price. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | March 22, 2024 |
| BSE Script Code | |
| NSE Symbol | ENFUSE |
| ISIN | INE0S3X01014 |
| Final Issue Price | ₹96 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹115.00 |
| Low | ₹109.25 |
| High | ₹120.00 |
| Last Trade | ₹115.45 |
Enfuse Solutions Ltd.
A/1503, Bonaventure Building,
No.5, Rangnath Kesar Road,
Dahisar West,
Mumbai, Maharashtra, 400068
Phone: +91-22-28118383
Email: cs@enfuse-solutions.com
Website: https://www.enfuse-solutions.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Enfuse Solutions IPO is a SME IPO of 23,37,600 equity shares of the face value of ₹10 aggregating up to ₹22.44 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on March 15, 2024, and closes on March 19, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Enfuse Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Enfuse Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Enfuse Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Enfuse Solutions IPO opens on March 15, 2024 and closes on March 19, 2024.
Enfuse Solutions IPO lot size is 1200, and the minimum amount required for application is ₹1,15,200.
You can apply in Enfuse Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Enfuse Solutions IPO will be done on Wednesday, March 20, 2024, and the allotted shares will be credited to your demat account by Thursday, March 21, 2024. Check the Enfuse Solutions IPO allotment status.
The Enfuse Solutions IPO listing date is on Friday, March 22, 2024.
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