Enfuse Solutions is set to launch its Initial Public Offering (IPO) on March 15, 2024, with the subscription period closing on March 19. The NSE SME IPO aims to raise approximately ₹22.44 crores through the issuance of 2,337,600 equity shares. The price band for the Enfuse Solutions IPO is fixed at ₹91 to ₹96 per equity share, with a market lot consisting of 1200 shares.
Enfuse Solutions is a company engaged in providing integrated digital solutions across various domains, including Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions.
Their business operations involve organizing and analyzing data, developing and optimizing digital platforms, offering innovative solutions in advanced technologies, and leveraging technology to enhance educational experiences.
The company caters to a diverse clientele, serving entrepreneurs ranging from start-ups to established blue-chip companies in sectors such as Technology, BFSI, Retail, Media and Entertainment, Health, Education, and more.
Enfuse Solutions recently secured a work order for a System Integrator for the Computerization of PACS (Primary Agricultural Credit Society) from the Commissioner for Co-operation & Registrar of Co-operative Societies, Maharashtra, with a value of Rs. 64.53 Crs.
The objectives of the IPO include the repayment of certain borrowings, meeting working capital requirements, and general corporate purposes.
**Key Details of Enfuse Solutions IPO:**
– **IPO Open Date:** March 15, 2024
– **IPO Close Date:** March 19, 2024
– **IPO Size:** Approx ₹22.44 Crores, 2,337,600 Equity Shares
– **Face Value:** ₹10 Per Equity Share
– **IPO Price Band:** ₹91 to ₹96 Per Equity Share
– **IPO Listing:** NSE SME
– **Retail Quota:** 35% of the net offer
– **QIB Quota:** 50% of the net offer
– **NII Quota:** 15% of the net offer
**Enfuse Solutions IPO Market Lot:**
The minimum market lot for the Enfuse Solutions IPO is 1200 shares, with a ₹115,200 application amount. Both retail and super high net worth individuals have the option to apply for 1 lot, consisting of 1200 shares, with a maximum application amount of ₹115,200 and ₹230,400, respectively.
**Enfuse Solutions IPO Important Dates:**
– **IPO Open Date:** March 15, 2024
– **IPO Close Date:** March 19, 2024
– **Basis of Allotment:** March 20, 2024
– **Refunds:** March 21, 2024
– **Credit to Demat Account:** March 21, 2024
– **IPO Listing Date:** March 22, 2024
Investors can check the IPO subscription status and IPO allotment status on the respective platforms.
**Enfuse Solutions IPO Financial Report:**
The financial performance of Enfuse Solutions for the fiscal years 2021, 2022, and 2023, along with the financials for the first six months of 2023, indicates a steady growth in revenue and profit after tax (PAT). The company’s focus on providing digital solutions across various domains has contributed to its financial stability.
**Enfuse Solutions IPO Valuation – FY2023:**
– **Earning Per Share (EPS):** ₹4.50 per Equity Share
– **Price/Earning P/E Ratio:** NA
– **Return on Net Worth (RoNW):** 45.21%
– **Net Asset Value (NAV):** ₹9.95 per Equity Share
**Peer Group:**
Enfuse Solutions is part of a peer group that includes companies like Vertexplus Technologies Limited, eClerx Services Limited, and Systango Technologies Limited.
**Company Promoters:**
The promoters of Enfuse Solutions are Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi, and Zaynulabedin Mohmadbhai Mira.
Investors looking to apply for the Enfuse Solutions IPO can do so through the ASBA (Application Supported by Blocked Amount) facility in their bank accounts. Alternatively, they can download the IPO forms from the NSE website, fill them out, and submit them to their bank or broker.
As the IPO market continues to witness various offerings, Enfuse Solutions aims to attract investors with its digital solutions portfolio and a focus on diverse domains. The IPO’s success will depend on investor interest, market conditions, and the company’s ability to deliver on its stated objectives.
