Enfuse Solutions is scheduled to hit the market on March 15, 2024 and close on March 19, 2024. Enfuse Solutions plans to raise around ₹22.44 Cr through an IPO with a sale of up to 2,337,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Estabilished in 2017, it offers digital solutions in data management, e-commerce, machine learning, AI, education, and technology. The company operates in four key areas: Data Management & Analytics, E-commerce & Digital Services, Machine Learning & AI, and Edtech & Technology Solutions. They focus on data analysis, seamless online experiences, innovative solutions, and improving educational experiences.
With delivery centers in Thane and Vikroli in Maharashtra, India, Enfuse Solutions generates revenue from both domestic operations in India and exporting services to the US, Ireland, the Netherlands, and Canada. As of December 31, 2023, the company had 448 employees, including key management personnel, reflecting its dedication to growth and excellence.
Enfuse Solutions IPO Details
Enfuse Solutions IPO opens on March 15, 2024, and closes on March 19, 2024. The Listing date for Enfuse Solutions IPO is on March 22, 2024. The price band for IPO is ₹91 to ₹96 per share and lot size of 1200 Shares.
| IPO Date | Mar 15, 2024 to Mar 19, 2024 |
| Listing Date | Mar 22, 2024 |
| Price | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹22.44 Cr |
| Face Value | ₹10 per share |
Enfuse Solutions IPO Tentative Timetable
Enfuse Solutions opening date is March 15, 2024 and close date is March 19, 2024. The IPO allotment date is March 20, 2024. The refund initiation of IPO is on March 21, 2024. The credit of shares in demat account is on March 21, 2024. The listing date is on March 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 15, 2024 |
| IPO Closing | Mar 19, 2024 |
| IPO Allotment Date | Mar 20, 2024 |
| Refund Initiation | Mar 21, 2024 |
| Shares Credit to Demat | Mar 21, 2024 |
| Lisiting Date | Mar 22, 2024 |
Enfuse Solutions IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹115,200 |
| Retail(Maximum) | 1 | 1200 | ₹115,200 |
| HNI (Minimum) | 2 | 2400 | ₹230,400 |
Enfuse Solutions IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.58% |
Enfuse Solutions IPO Review
Enfuse Solutions Limited emerges as a multifaceted player in the Indian market, operating across diverse sectors such as Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions. The company's strategic focus on analyzing data for informed decision-making, optimizing digital platforms for seamless online experiences, providing innovative ML & AI solutions, and enhancing educational experiences through technology underscores its commitment to innovation and excellence. With delivery centers in Thane, Maharashtra, and Vikhroli, Mumbai, Enfuse Solutions caters to both domestic and international markets, exporting services to countries like the US, Ireland, the Netherlands, and Canada.
The financial performance of Enfuse Solutions Limited speaks volumes about its growth trajectory and operational efficiency. Noteworthy figures such as a 2.1% revenue increase and a substantial 47.76% rise in profit after tax (PAT) between the fiscal years ending on March 31, 2023, and March 31, 2022, reflect the company's resilience and potential for expansion. Moreover, the market capitalization of Rs 84.94 Cr for its IPO signifies strong investor confidence in the company's future prospects and growth trajectory, making it an appealing investment opportunity in the market.
Investors eyeing the Enfuse Solutions IPO can anticipate a blend of technological innovation, financial prudence, and strategic growth objectives. The company's key performance indicators, such as Return on Equity (ROE) at 39.88%, Return on Capital Employed (ROCE) at 24.05%, and a PAT Margin of 11.51%, underscore its efficient resource management and profitability. With clear objectives for utilizing the IPO proceeds towards debt repayment, working capital requirements, and general corporate purposes, Enfuse Solutions demonstrates a forward-looking approach towards sustaining its market position and driving future growth. Consider investing in Enfuse Solutions IPO for a promising combination of innovation, financial stability, and growth potential in the dynamic Indian market landscape.
Enfuse Solutions IPO Subscription Status (Bidding Details)
Table not foundEnfuse Solutions IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Enfuse Solutions IPO FAQs
What is Enfuse Solutions IPO?
Enfuse Solutions is issuing 2,337,600 equity shares with a face value of ₹10 each, totaling up to ₹22.44 Cr. The shares are being offered at a price of ₹91 to ₹96 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Enfuse Solutions IPO will open?
Enfuse Solutions will open on March 15, 2024 for QIB, NII, and Retail Investors.
When Enfuse Solutions IPO will end?
Enfuse Solutions will end on March 19, 2024.
What is Enfuse Solutions IPO Size?
Enfuse Solutions IPO size is ₹22.44 Cr.
What is Enfuse Solutions IPO Price Band?
Enfuse Solutions price band is ₹91 to ₹96 per share.
What is the Enfuse Solutions IPO Allotment Date?
Enfuse Solutions allotment date is March 20, 2024.
What is the Enfuse Solutions IPO Listing Date?
Enfuse Solutions listing date is March 22, 2024. The IPO is to be listed on BSE and NSE.
How to Enfuse Solutions IPO through Zerodha?
To apply for the IPO “Enfuse Solutions” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Enfuse Solutions IPO through Upstox?
To apply for the IPO “Enfuse Solutions” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Enfuse Solutions IPO Allotment Status?
For Enfuse Solutions IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Enfuse Solutions IPO GMP?
You can check out here: Enfuse Solutions IPO GMP