Enfuse Solutions Limited IPO is set to launch on 15 March, 2024. The company initiated its business operations in the year 2017. It is involved in the business of providing digital solutions. The company caters its services to multiple fields such as e-commerce, data management and analytics, education, machine learning and AI, Technology solutions etc. It has two delivery centres in Maharashtra. Enfuse Solutions Limited operates under 4 categories namely analysing data, optimising digital platforms, innovative solutions and technological solutions. It also exports its services to Ireland, USA, Canada and Netherlands. The company has an employee base of 448 people.
Enfuse Solutions Limited IPO DETAILS
Enfuse Solutions Limited IPO is set to launch on 15 March, 2024. The subscription timeline extends till 19 March, 2024. The size for the IPO is 22.44 Crore Rs. Shares issued through fresh issue mode are worth Rs 22.44 Crore. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 91 Rs to 96 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Enfuse Solutions Limited IPO
| IPO OPENING DATE | 15 March, 2024 |
| CLOSING DATE FOR IPO | 19 March, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 91 Rs to 96 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 22.44 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 22.44 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 22 March, 2023 |
Enfuse Solutions Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 15 March, 2024 |
| CLOSING DATE FOR IPO | 19 March, 2024 |
| IPO ALLOTMENT DATE | 20 March, 2024 |
| REFUNDS | 21 March, 2024 |
| DEMAT A/C CREDITED ON | 21 March, 2024 |
| IPO LISTING DATE | 22 March, 2024 |
Enfuse Solutions Limited IPO begins for subscription from 15 March, 2024. The IPO subscription would continue till 19 March, 2024. The allotment status for the shareholders who applied would come on 20 March, 2024. The refunds for the ones who did not get allotment would be initiated on 21 March, 2024. The DEMAT accounts of shareholders would be credited on 21 March, 2024. The listing of the company would be completed on 22 March, 2024.
Enfuse Solutions Limited IPO: Lead Managers
The lead managers are :
- Hem Securities Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 115200 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 230400 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 115200 Rs. |
| Maximum | 2400 shares | 230400 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 460 | 890 | 1164 |
| Revenue | 1720 | 2556 | 2610 |
| PAT | 155 | 198 | 292 |
Enfuse Solutions Limited had an asset base of 460 Lakh Rs in 2021 which increased to 890 Lakh Rs in 2022. The company had an asset base of 1164 Lakh Rs in 2023. Revenue of the firm was at 1720 Lakh Rs in 2021. This boosted to 2556 Lakh Rs in the year 2022. The revenue of the firm was 2610 Lakh Rs in 2023. The profit of the company was at 155 Lakh Rs in 2021. This increased marginally to 198 Lakh Rs in the year 2022. Enfuse Solutions Limited recorded a profit of 292 Lakh Rs in 2023 despite of marginal rise in the revenue figures.
PROS
- The company caters its services to multiple fields such as e-commerce, data management and analytics, education, machine learning and AI, Technology solutions etc.
- It has two delivery centres in Maharashtra. Enfuse Solutions Limited operates under 4 categories namely analysing data, optimising digital platforms, innovative solutions and technological solutions.
- It also exports its services to Ireland, USA, Canada and Netherlands.
- The company has an employee base of 448 people.
Enfuse Solutions Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Enfuse Solutions Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
