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 name | Enfuse Solutions Limited |
| Sector | Information Technology |
| Industry | E-Commerce |
| Company Website | https://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 date | 15 March 2024 |
| IPO Closing | 19 March 2024 |
| Basis of Allotment | 20 March 2024 |
| Initiation Refund | 21 March 2024 |
| Credit to Demat Account | 21 March 2024 |
| Listing Date | 22 March 2024 |
Enfuse Solutions IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹22.44 Cr – 2,337,600 shares |
| Fresh Issue | ₹22.44 Cr – 2,337,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 120,000 shares |
| Shareholding pre-issue | 6,510,000 |
| Shareholding post-issue | 8,847,600 |
| Listing Exchange | NSE SME |
Enfuse Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
Enfuse Solutions IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Enfuse Solutions Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 17.20 | 25.54 | 26.10 | 28.03 |
| Expenses | 15.12 | 22.88 | 22.14 | 23.72 |
| Net income | 1.55 | 1.98 | 2.93 | 3.23 |
Enfuse Solutions Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.39 | 3.04 | 4.50 |
| PE ratio | – | – | 20.22 – 21.33 |
| RONW (%) | 99.25 | 55.85 | 45.21 |
| NAV | 2.41 | 5.45 | 9.95 |
| ROCE (%) | 133.23 | 46.71 | 46.61 |
| EBITDA (%) | 12.87 | 12.65 | 19.05 |
| Debt/Equity | – | 0.66 | 0.37 |
Company Promoters
- Imran Yasin Ansari
- Mohammedk Lalmohammed Shaikh
- Rahul Mahendra Gandhi
- Zaynulabedin Mohmadbhai Mira
- Farheen Imran Ansari.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.58% |
Enfuse Solutions IPO Lead Manager(s)
HEM SECURITIES LIMITED
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
BIGSHARE SERVICES PRIVATE LIMITED
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
ENFUSE SOLUTIONS LIMITED
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
