Enfuse Solutions Limited IPO Detail
Incorporated in 2017, Enfuse Solutions Limited provides integrated digital solutions in data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions.
The Company operates in four domains:
- Data Management and analytics, E-commerce and Digital Services, Machine Learning and AI, and edtech and Technology Solutions.
- In Data Management & Analytics, the focus is on analyzing data for informed decision-making.
- E-commerce & Digital Services develops and optimizes digital platforms for seamless online experiences.
- Machine Learning & AI offers innovative solutions. Edtech & Technology Solutions enhances educational experiences and provides technological solutions.
The Company has two delivery centers, one in Thane, Maharashtra and the second unit in Vikroli, Mumbai, Maharashtra.
The Company generates revenue from domestic operations in India and exports services to countries like the USA, Ireland, Netherlands, and Canada.
As of November 30, 2023, the Company has employed a total of 433 individuals at various levels of the organization, including key members.
Company Promoters
Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai MiraIPO Details
| IPO Opening Date | Mar 15, 2024 |
| IPO Closing Date | Mar 19, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 - 96 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹22.44 Cr |
| Fresh Issue | ₹22.44 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.93x | 0.00x | 0.00x | 5.27x | 13.36x | 8.36x |
| Day 2 | 3.57x | 0.00x | 0.00x | 35.14x | 61.82x | 39.45x |
| Day 3 | 99.97x | 0.00x | 0.00x | 953.22x | 248.42x | 357.31x |
IPO Tentative Timetable
The Enfuse Solutions Limited IPO open date is Mar 15, 2024, and the close date is Mar 19, 2024. The issue may list on Mar 22, 2024.
| IPO Open Date | Mar 15, 2024 |
| IPO Close Date | Mar 19, 2024 |
| Basis of Allotment Date | Mar 20, 2024 |
| Initiation of Refunds | Mar 21, 2024 |
| Credit of Shares to Demat Account | Mar 21, 2024 |
| IPO Listing Date | Mar 22, 2024 |
IPO Lot Size
The Enfuse Solutions Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹115200 |
| Maximum | 1 | 1200 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 460.80 | 1720.26 | 155.43 |
| 31-Mar-22 | 889.80 | 2556.64 | 198.11 |
| 31-Mar-23 | 1164.71 | 2610.42 | 292.73 |
| 30-Sep-23 | 1943.33 | 1503.06 | 178.41 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment of certain Borrowings availed by the Company
- To meet Working Capital requirements; and
- General Corporate Purpose
Enfuse Solutions Limited IPO Registrar:
Bigshare Services Pvt Ltd
Enfuse Solutions Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Enfuse Solutions Limited
A/1503, Bonaventure Building
No.5, Rangnath Kesar Road, Dahisar West
Mumbai 400068
