Last updated on March 22, 2024
Enfuse Solutions IPO description – Enfuse Solutions operates in the business realm of delivering integrated digital solutions across diverse domains such as Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions. The company offers these services by integrating tailor-made data processes, and inclusive delivery teams comprising versatile professionals and domain experts.
The company has catered to diverse clients, from startups to established blue-chip companies in sectors like Technology, BFSI (Banking, Financial Services, and Insurance), Retail, FinTech (Financial Technology), Media and Entertainment, Health, Education, and others.
Enfuse Solutions operates two delivery centers, one in Thane, Maharashtra, and the other in Vikhroli, Mumbai. The company generates revenue from domestic operations in India and also exports services to countries such as the USA, Ireland, Netherlands, and Canada. As of 30 November 2023, the company has employed a total of around 433 employees, including key members, across various levels of the organization.
Promoters of Enfuse Solutions – Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi, and Zaynulabedin Mohmadbhai Mira
Table of Contents
Enfuse Solutions IPO Details
| Enfuse Solutions IPO Dates | 15 – 19 March 2024 |
| Enfuse Solutions Issue Price | INR 91 – 96 per share |
| Fresh issue | 2,337,600 shares (INR 21.27 – 22.44 crore) |
| Offer For Sale | NIL |
| Total IPO size | 2,337,600 shares (INR 21.27 – 22.44 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 115,200) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Enfuse Solutions Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 17.20 | 25.54 | 26.10 | 28.03 |
| Expenses | 15.12 | 22.88 | 22.14 | 23.72 |
| Net income | 1.55 | 1.98 | 2.93 | 3.23 |
Enfuse Solutions Offer News
- Enfuse Solutions RHP
- Enfuse Solutions Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Enfuse Solutions Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.39 | 3.04 | 4.50 |
| PE ratio | – | – | 20.22 – 21.33 |
| RONW (%) | 99.25 | 55.85 | 45.21 |
| NAV | 2.41 | 5.45 | 9.95 |
| ROCE (%) | 133.23 | 46.71 | 46.61 |
| EBITDA (%) | 12.87 | 12.65 | 19.05 |
| Debt/Equity | – | 0.66 | 0.37 |
Enfuse Solutions IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 21 March 2024 | 40 | – | 42,000 |
| 20 March 2024 | 42 | – | 45,000 |
| 19 March 2024 | 40 | – | 45,000 |
| 18 March 2024 | 40 | – | 44,000 |
| 16 March 2024 | 60 | – | 53,000 |
| 15 March 2024 | 55 | – | 50,500 |
| 14 March 2024 | 50 | – | 48,700 |
| 13 March 2024 | 60 | – | 55,000 |
| 12 March 2024 | 80 | – | 75,000 |
Enfuse Solutions IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 444,000 | 333,600 | 776,400 | 1,554,000 |
| 19 Mar 2024 | 99.97 | 953.58 | 248.42 | 357.39 |
| 18 Mar 2024 | 3.57 | 35.30 | 60.16 | 38.66 |
| 15 Mar 2024 | 1.93 | 5.21 | 12.82 | 8.08 |
The market maker reservation portion of 1,20,000 shares is not included in the above calculations.
Enfuse Solutions IPO Allotment Status
Enfuse Solutions IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Enfuse Solutions IPO Dates & Listing Performance
| IPO Opening Date | 15 March 2024 |
| IPO Closing Date | 19 March 2024 |
| Finalization of Basis of Allotment | 20 March 2024 |
| Initiation of refunds | 21 March 2024 |
| Transfer of shares to demat accounts | 21 March 2024 |
| IPO Listing Date | 22 March 2024 |
| Opening Price on NSE SME | INR 115 per share (up 19.79%) |
| Closing Price on NSE SME | INR 115.45 per share (up 20.26%) |
Enfuse Solutions Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Lower Parel, Mumbai-400013, India
Phone: +91- 022- 49060000
Email:Â [email protected]
Website:Â www.hemsecurities.com
Enfuse Solutions Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Enfuse Solutions IPO Contact Details
ENFUSE SOLUTIONS LIMITED
Unit No. 501-504, 5th Floor, Sai Arpan, B-11, Sai Complex,
Survey Number.: Old S. No. 254/PT(New), P G Vora Road,
Besides Shanti Vihar, Mira Road (E), Thane-401107, Maharashtra
Phone: +91-22-28118383
E-mail: [email protected]
Website: www.enfuse-solutions.com
IPO FAQs
What is the Enfuse Solutions offer size?
Enfuse Solutions offer size is INR 21.27 – 22.44 crores.
What is the Enfuse Solutions offer price band?
Enfuse Solutions public offer price is INR 91 – 96 per share.
What is the lot size of the Enfuse Solutions IPO?
Enfuse Solutions offer lot size is 1,200 shares.
What is Enfuse Solutions IPO GMP today?
Enfuse Solutions IPO GMP today is INR 40 per share.
What is the Enfuse Solutions kostak rate today?
Enfuse Solutions kostak rate today is NA per application.
What is Enfuse Solutions Subject to Sauda rate today?
Enfuse Solutions are Subject to the Sauda rate today is INR 42,000 per application.
