Enfuse Solutions IPO

Enfuse Solutions IPO will open for subscription from 15 March 2024. The company aims for an issue size of 22.44 Cr through this IPO.

Company Overview

Full nameEnfuse Solutions Limited
SectorInformation Technology
Company Websitehttps://www.enfuse-solutions.com/

About Company

Enfuse Solutions operates in the business realm of delivering integrated digital solutions across diverse domains such as Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions. The company offers these services by integrating tailor-made data processes, and inclusive delivery teams comprising versatile professionals and domain experts.

The company has catered to diverse clients, from startups to established blue-chip companies in sectors like Technology, BFSI (Banking, Financial Services, and Insurance), Retail, FinTech (Financial Technology), Media and Entertainment, Health, Education, and others.

Enfuse Solutions operates two delivery centers, one in Thane, Maharashtra, and the other in Vikhroli, Mumbai. The company generates revenue from domestic operations in India and also exports services to countries such as the USA, Ireland, Netherlands, and Canada. As of 30 November 2023, the company has employed a total of around 433 employees, including key members, across various levels of the organization.

The Objectives of the Issue

  • Repayment of certain Borrowings availed by the Company
  • To meet Working Capital requirements; and
  • General Corporate Purpose

Enfuse Solutions IPO Timetable

IPO Opening date15 March 2024
IPO Closing19 March 2024
Basis of Allotment20 March 2024
Initiation Refund21 March 2024
Credit to Demat Account21 March 2024
Listing Date22 March 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 19, 2024)

Enfuse Solutions IPO details

Issue typeBook Built Issue IPO
IPO issue size₹22.44 Cr – 2,337,600 shares
Fresh Issue₹22.44 Cr – 2,337,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹91 to ₹96 per share
Lot size1200 Shares
Market Maker portion120,000 shares
Shareholding pre-issue6,510,000
Shareholding post-issue8,847,600
Listing ExchangeNSE SME

Enfuse Solutions IPO Lot Size

Retail (Min)11200₹115,200
Retail (Max)11200₹115,200
HNI (Min)22,400₹230,400

Enfuse Solutions IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Enfuse Solutions Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income1.551.982.933.23
(Amount in ₹ Crores)

Enfuse Solutions Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio20.22 – 21.33
RONW (%)99.2555.8545.21
ROCE (%)133.2346.7146.61
EBITDA (%)12.8712.6519.05

Company Promoters

  • Imran Yasin Ansari
  • Mohammedk Lalmohammed Shaikh
  • Rahul Mahendra Gandhi
  • Zaynulabedin Mohmadbhai Mira
  • Farheen Imran Ansari.

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.58%

Enfuse Solutions IPO Lead Manager(s)

904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com

Enfuse Solutions Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Enfuse Solutions Contact Details

Unit No. 501-504, 5th Floor, Sai Arpan, B-11, Sai Complex,
Survey Number.: Old S. No. 254/PT(New), P G Vora Road,
Besides Shanti Vihar, Mira Road (E), Thane-401107, Maharashtra
Phone: +91-22-28118383
E-mail: cs@enfuse-solutions.com
Website: www.enfuse-solutions.com

Enfuse Solutions IPO Allotment Status

Enfuse Solutions IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Enfuse Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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