Enfuse Solutions IPO opens for subscription on March 15, 2024 and closes on March 19, 2024.
IPO is a book built issue of 23.38 lakh shares. The issue is entirely a fresh issue of 23.38 lakh shares. The allotment for the IPO is expected to be finalized on Wednesday, March 20, 2024. IPO will list on NSE SME with tentative listing date fixed as Friday, March 22, 2024.
IPO price bands are yet to be announced.
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.
About Enfuse Solutions Limited
Iincorporated 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, Maharastha and the second unit in Vikroli, Mumbai, Maharashtra.
The company generates revenue from domestic operations in India and exports services to countries like 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 IPO Details
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 2,337,600 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 2,337,600 shares (aggregating up to ₹[.] 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 |
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 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 |
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 |
| Reserves and Surplus | 824.86 | 646.45 | 353.72 | 155.60 |
| Total Borrowing | 719.63 | 242.09 | 234.08 | |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
KPI as of September 30, 2023.| KPI | Values |
|---|---|
| ROE | 24.22% |
| ROCE | 14.99% |
| Debt/Equity | 0.87 |
| RoNW | 21.60% |
| PAT Margin (%) | 11.88 |
Objects of the Issue (Enfuse Solutions IPO Objectives)
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 Contact Details
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/
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