Bookbuilding IPO | ₹22 Cr | Listed at NSE SME | Fri, Mar 15, 2024 - Tue, Mar 19, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,15,200 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 15, 2024
IPO Close
Tue, Mar 19, 2024
Issue Price
₹96 per share
Market Cap (Pre-IPO)
₹84.94 Cr
| IPO Date | 15 to 19 Mar, 2024 |
| Listed on | Fri, Mar 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 |
| Issue Price | ₹96 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,37,600 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,20,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 22,17,600 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 22,17,600 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 65,10,000 shares |
| Share Holding Post Issue | 88,47,600 shares |
| NSE Symbol | ENFUSE |
| ISIN | INE0S3X01014 |
Enfuse Solutions IPO comprises a total issue size of 23,37,600 shares. The net offer to the public is 22,17,600 shares, after excluding 1,20,000 shares allotted on a firm basis. Of the Net offer 11,07,600 (49.95%) are allocated to QIB, 3,33,600 (15.04%) allocated to NII 7,76,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 11,07,600 | 49.95% | 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 | 15.04% | 14.27% |
| Retail Shares Offered | 7,76,400 | 35.01% | 33.21% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,20,000 | 5.13% | |
| Total Shares Offered | 23,37,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Enfuse Solutions IPO raises ₹6.37 crore from anchor investors. Enfuse Solutions IPO Anchor bid date is March 14, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Mar 14, 2024 |
| Shares Offered | 6,63,600 |
| Anchor Portion (₹ Cr.) | 6.37 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Apr 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jun 18, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 25.47 | 11.65 | 8.90 | 4.61 |
| Total Income | 28.05 | 26.10 | 25.57 | 17.20 |
| Profit After Tax | 3.23 | 2.93 | 1.98 | 1.55 |
| NET Worth | 9.70 | 6.46 | 3.54 | 1.56 |
| Reserves and Surplus | 3.19 | |||
| Total Borrowing | 9.06 | 2.42 | 2.34 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain Borrowings availed by the Company | 3.84 |
| 2 | To meet Working Capital requirements | 10.50 |
| 3 | General Corporate Purpose | 5.41 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 39.88% |
| ROCE | 24.05% |
| RoNW | 33.25% |
| PAT Margin | 11.51% |
| Price to Book Value | 7.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.50 | 4.03 |
| P/E (x) | 21.35 | 23.8 |
| Promoter Holding | 100.00% | 73.58% |
| Market Cap | ₹84.94 Cr. |
The Enfuse Solutions IPO is subscribed 357.31 times on March 19, 2024 6:21:00 PM (Day 3). The public issue subscribed 248.42 times in the retail category, 99.97 times in the QIB category, and 953.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 99.97 | 4,44,000 | 4,43,88,000 |
| NII* | 953.22 | 3,33,600 | 31,79,95,200 |
| Retail | 248.42 | 7,76,400 | 19,28,74,800 |
| Total | 357.31 | 15,54,000 | 55,52,58,000 |
Total Application : 1,60,729
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.10 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others, if any (Commission/processing fee for SCSBs, Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, depositories, secretarial, advisors, consultancy, peer review auditors, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 2.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹96.00 |
| Open | ₹115.00 |
| Low | ₹109.25 |
| High | ₹120.00 |
| Last Trade | ₹115.45 |
Lead Manager Reports
Enfuse Solutions IPO is a SME IPO of 23,37,600 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹96 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Mar 15, 2024, and closes on Tue, Mar 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 Fri, Mar 15, 2024 and closes on Tue, Mar 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 Thu, Mar 21, 2024. Check the Enfuse Solutions IPO allotment status.
The Enfuse Solutions IPO listing date is on Fri, Mar 22, 2024.
