What you must know about Enfuse Solutions IPO?
by 5paisa Research Team
11 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 22-Mar-24
- IPO Price Range ₹ 91 to ₹ 96
- Listing Price ₹ 115
- Listing Change 19.8%
- Last Traded Price ₹ 125.5
- Current Change 30.7%
Enfuse IPO Details
- Open Date 15-Mar-24
- Close Date 19-Mar-24
- Lot Size 1200
- IPO Size ₹ 22.44 Cr
- IPO Price Range ₹ 91 to ₹ 96
- Min Investment ₹ 1,09,200
- Listing Exchange NSE SME
- Basis of Allotment 20-Mar-24
- Refunds 21-Mar-24
- Credit to Demat Account 21-Mar-24
- Listing Date 22-Mar-24
Enfuse Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Mar-24 | 1.93 | 5.24 | 13.15 | 8.24 |
| 18-Mar-24 | 3.57 | 35.10 | 61.33 | 39.20 |
| 19-Mar-24 | 99.97 | 953.22 | 248.42 | 357.31 |
Enfuse IPO Synopsis
Enfuse Solutions Limited IPO is all set to open from 15th March to 19th March 2024. It is an integrated digital solutions provider company. The IPO includes a fresh issue of 2,337,600 shares worth ₹22.44 cr. The share allotment date is 20th March 2024, and the IPO will be listed on 22nd March 2024 on the stock exchanges. The price band is ₹91 to ₹96 and the lot size is 1200 shares.
Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Enfuse Solutions IPO:
Enfuse Solutions Limited plans to utilize the raised capital from the IPO to:
● To repay the debt obtained.
● For working capital requirements.
● General corporate purposes.
About Enfuse Solutions
Established in 2017, Enfuse Solutions Limited is an integrated digital solutions provider. It operates in four verticals:
i) In Data Management & Analytics
ii) E-commerce & Digital Services
iii) Machine Learning & Artificial intelligence
iv) Edtech & Technology Solutions
The company has Indian and global clientele and offers services as subcontractors too on behalf of their clients in various industries including Technology, BFSI (Banking, Financial Services, and Insurance), Retail, Financial Services (FinTech), Media and Entertainment, Health, Education, and more.
Enfuse Solutions service offering includes Data as a Service (DAAS) and software solutions, an AI platform for tagging audio, video, image, and documents, Edtech AI solutions, data annotation and curation platforms, data engineering, data science, cloud computing, and digital marketing.
Peer Comparison
● Vertexplus Technologies Limited
● eClerx Services Limited
● Systango Technologies Limited
For More Information:
Webstory on Enfuse Solutions IPO
Enfuse Solutions Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 26.09 | 25.54 | 17.20 |
| EBITDA | 4.97 | 3.23 | 2.21 |
| PAT | 2.92 | 1.98 | 1.55 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 11.64 | 8.89 | 4.60 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 5.17 | 5.35 | 3.04 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.34 | 1.95 | 2.17 |
| Net cash from / (used in) investing activities | -1.35 | -4.17 | -2.35 |
| Net cash flow from / (used in) financing activities | -0.098 | 2.27 | -0.041 |
| Net increase (decrease) in cash and cash equivalents | -0.11 | 0.056 | -0.22 |
Enfuse IPO Key Points
-
Strengths
1. The company receives diversified revenue from multiple geographies.
2. It has a vast client base and offers a wide range of professional and technical services.
3. The company recruits and retains highly skilled employees.
4. The company focuses on quality and safety.
5. The company’s management team is well-experienced.
-
Risks
1. The company is dependent on revenues from clients located in the United States of America and the Netherlands.
2. Exchange rate fluctuations may adversely affect the business.
3. It faces intense competition.
4. Any increase in manpower cost for IT professionals could reduce cash flows and profit margins.
Enfuse
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Enfuse IPO FAQs
When does the Enfuse Solutions IPO open and close?
Enfuse Solutions IPO opens from 15th March to 19th March 2024.
What is the size of the Enfuse Solutions IPO?
The size of Enfuse Solutions IPO is ₹22.24 cr.
How to apply for the Enfuse Solutions IPO?
To apply for Enfuse Solutions IPO, follow the steps given below
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Enfuse Solutions IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Enfuse Solutions IPO?
The price band of Enfuse Solutions IPO is fixed at ₹91 to ₹96 per share.
What is the minimum lot size and investment required for the Enfuse Solutions IPO?
The minimum lot size is 1200 shares and the investment required is ₹1,09,200.
What is the allotment date of the Enfuse Solutions IPO?
The share allotment date of Enfuse Solutions IPO is 20th March 2024.
What is the Enfuse Solutions IPO listing date?
The Enfuse Solutions IPO will be listed on 22nd March 2024.
Who are the book runners for the Enfuse Solutions IPO?
Hem Securities Limited is the book-running lead manager for Enfuse Solutions IPO.
What is the objective of Enfuse Solutions IPO?
Enfuse Solutions plans to utilize the raised capital from the IPO to:
1. To repay the debt obtained.
2. For working capital requirements.
3. General corporate purposes.
Contact Details of Enfuse Solutions IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Enfuse Solutions IPO Lead Manager
Hem Securities Limited
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