Enfuse Solutions IPO is a book built issue of Rs 22.44 crores. The issue is entirely a fresh issue of 23.38 lakh shares.
Enfuse Solutions IPO opens for subscription on March 15, 2024 and closes on March 19, 2024. The allotment for the Enfuse Solutions IPO is expected to be finalized on Wednesday, March 20, 2024. Enfuse Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, March 22, 2024.
Enfuse Solutions IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.
Hem Securities Limited is the book running lead manager of the Enfuse Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Enfuse Solutions IPO DRHP for detailed information.
Enfuse Solutions IPO Details
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,337,600 shares (aggregating up to ₹22.44 Cr) |
| Fresh Issue | 2,337,600 shares (aggregating up to ₹22.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,510,000 |
| Share holding post issue | 8,847,600 |
| Market Maker portion | 120,000 shares |
Enfuse Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Enfuse Solutions IPO Timeline (Tentative Schedule)
Enfuse Solutions IPO opens on March 15, 2024, and closes on March 19, 2024.
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| Credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
Enfuse Solutions IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
| Lot Size Calculator | |||
Enfuse Solutions IPO Promoter Holding
The promoters of the company are Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai Mira
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Enfuse Solutions Limited
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.
Enfuse Solutions Limited Financial Information (Restated)
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 | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,943.33 | 1,164.71 | 889.80 | 460.80 |
| Revenue | 1,503.06 | 2,610.42 | 2,556.64 | 1,720.26 |
| Profit After Tax | 178.41 | 292.73 | 198.11 | 155.43 |
| Net Worth | 824.86 | 646.45 | 353.72 | 155.60 |
| Total Borrowing | 719.63 | 242.09 | 234.08 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Enfuse Solutions IPO is Rs 84.94 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 39.88% |
| ROCE | 24.05% |
| RoNW | 33.25% |
| P/BV | 7.57 |
| PAT Margin (%) | 11.51 |
Check Enfuse Solutions IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.5 | 4.03 |
| P/E (x) | 21.35 | 23.8 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Enfuse Solutions IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objects:
Enfuse Solutions Limited Contact Details
Enfuse Solutions Limited
A/1503, Bonaventure Building
No.5, Rangnath Kesar Road, Dahisar West
Mumbai 400068
Phone: +91-22-28118383
Email: cs@enfuse-solutions.com
Website: https://www.enfuse-solutions.com/
Enfuse Solutions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ib@hemsecurities.com
Website: https://ipo.bigshareonline.com/ipo_status.html