IPO

Enfuse Solutions Limited IPO

NSE SME

Listed On: Mar 22, 2024 at ₹ 115.0

₹ 230400 /2400 Shares
*Min Investment

Check Allotment

15 Mar, 2024

Open Date

19 Mar, 2024

Close Date

20 Mar, 2024

Allotment Date

22 Mar, 2024

Listing Date
Enfuse Solutions Limited IPO Issue Details
  • Issue Price ₹91-96 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 23,37,600 shares(aggregating up to ₹22.44 crore)
  • Fresh Share 23,37,600 shares(aggregating up to ₹22.44 crore)
  • Listing at NSE SME
  • List Price 115.0
  • Listing Date 2024-03-22
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 ₹1,15,200
Retail(max) 1 1200 ₹1,15,200
NII (min) 2 2,400 ₹2,30,400
Enfuse Solutions Limited IPO Reservation

Enfuse Solutions Limited IPO offers total 2,337,600 shares. Out of which 444,000 (18.99%) allocated to QIB, 333,600 (14.27%) allocated to NII,776,400 (33.21%) allocated to RII, NA (NA%) allocated to employees and 663,600 (28.39%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 663,600 (28.39%)
Market Maker Shares Offered 120,000 (5.13%)
QIB Shares Offered 444,000 (18.99%)
NII (HNI) Shares Offered 333,600 (14.27%)
Retail Shares Offered 776,400 (33.21%)
Total Shares Offered 2,337,600 (100%)
Enfuse Solutions Limited IPO Documents
DRHP
RHP
Enfuse Solutions Limited IPO Details


Enfuse Solutions Limited IPO is an SME IPO, priced at ₹91-96 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 23,37,600 equity shares, aggregating up to ₹22.44 crores..

The IPO bidding window is open from Mar 15, 2024 to Mar 19, 2024. The allotment is expected to be finalized on Mar 20, 2024, and the tentative listing date is Mar 22, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,15,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,30,400.

Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.

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Enfuse Solutions Limited IPO Subscription Analysis And Details
Retail
248.42x
Total
357.39x
As on QIB / NII Retail Total
Shares Offered / Reserved / 776,400 1,554,000
Day 1 15-03-24 06:00 PM
/ x 13.36 x 8.36 x
Day 2 18-03-24 06:00 PM
/ x 60.64 x 38.83 x
Day 3 19-03-24 06:00 PM
/ x 248.42 x 357.39 x
Total No of Applications
1,60,729
Enfuse Solutions Limited Valuations
EPS Pre IPO ₹4.50/-
EPS Post IPO ₹4.03/-
P/E Pre IPO 21.35
P/E Post IPO 23.8
ROE 39.88%
ROCE 24.05%
RoNW 33.25%
PAT Margin 11.51
Price to Book Value 7.57
Enfuse Solutions Limited Company Financials
In Lakhs
In Lakh
31-Mar-23 31-Mar-22 31-Mar-21
Assets 1,164.71 889.80 460.80
Revenue 2,610.42 2,556.64 1,720.26
Profit After Tax 292.73 198.11 155.43
About Enfuse Solutions Limited Company

Incepted in 2017, Enfuse Solutions Limited covers all the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, education, and technology solutions.

The firm operates in four areas:
Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence and Edtech & Technology Solutions. In the area of Data Management & Analytics, it makes analyses of data to come up with relevant decisions.
E-commerce & Digital Services: This helps in developing and optimizing digital platforms so that there are smooth online experiences. Machine Learning & AI: this provides new age solutions. Edtech & Technology Solutions improves the learning experience and has technological solutions. The company has two delivery centers, namely one at Thane, Maharashtra, and the second is at Vikroli, Mumbai, Maharashtra.

Revenue is earned by the company through the revenues of their domestic business in India and export services to the US, Ireland, the Netherlands, and Canada.

As of December 31, 2023, the Company has a total number of 448 employees at different levels of the organization and key management personnel.

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Enfuse Solutions Limited - Promoter(s)

mran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai Mira

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.58%

Enfuse Solutions Limited IPO - Issue Objectives
1

Repayment of certain Borrowings availed by the Company

2

To meet Working Capital requirements

3

General Corporate Purpose

Enfuse Solutions Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Enfuse Solutions Limited 4.5 4.5 N/A N/A 45.21 N/A Standalone
Vertexplus Technologies Limited 4.71 4.71 N/A 36.43 8.36 N/A Standalone
eClerx Services Limited 97.15 97.15 N/A 25.06 28.5 N/A Standalone
Systango Technologies Limited 12.76 12.76 N/A 26.76 22.7 N/A Standalone

Notes:

  1. The P/E Ratio is based on the current market price of the respective scrips.
  2. The EPS and RoNW of the Company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
  3. RoNW has been computed as net profit after tax divided by closing net worth.
Contact Details

Enfuse Solutions Limited

A/1503, Bonaventure Building, No.5, Rangnath Kesar Road, Dahisar West, Mumbai - 400068

+91-22-28118383

cs@enfuse-solutions.com

https://www.enfuse-solutions.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html