Enfuse Solutions Ltd IPO
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Enfuse Solutions Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 23.38 L | TBA | ₹ 7.76 L | ₹ 65.1 L | NSE | ₹ 22.44 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 15 Mar, 24 | 19 Mar, 24 | 1200 | ₹ 1,09,200 | Book Building - SME | 22 Mar, 24 |
Enfuse Solutions Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Computers - Software - Medium |
| Sub Sector | Small |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 1107600 | 0 |
| NII | 953.58x | 333600 | 318115200 |
| Retail | 248.42x | 776400 | 192874800 |
| Employee | 0x | 0 | 0 |
| Total | 237.58x | 2337600 | 555378000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Enfuse Solutions Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 8.18 | 4.88 | 3.19 |
| EBITDA | 9.63 | 5.71 | 3.70 |
| PAT | 5.36 | 3.19 | 1.98 |
| Total Assets | 13.94 | 5.06 | 2.95 |
| Share Capital | 8.85 | 0.01 | 0.01 |
| Total Borrowings | 3.35 | 1.18 | 4.16 |
| Operating Activities (Net Cash) | 6.81 | 4.02 | 2.49 |
| Investing Activities (Net Cash) | 18.32 | 0.09 | -4.26 |
| Financing Activities (Net Cash) | 3.35 | 1.18 | 4.16 |
| Net Cashflow | 3.84 | 0.13 | 0.25 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Enfuse Solutions Ltd
Enfuse Solutions Limited was originally incorporated as Enfuse Solutions Private Limited a private limited company under the Companies Act, 2013 at Mumbai, pursuant to a certificate of incorporation dated February 10, 2017 issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on November 1, 2023, the Company was converted into a Public Limited Company and consequently the name of the Company was changed from Enfuse Solutions Private Limited to Enfuse Solutions Limited vide a fresh certificate of incorporation consequent upon conversion from private company to public company dated November 24, 2023, issued by the Registrar of Companies, Mumbai. The Company's corporate identity number is U74999MH2017PLC291076.
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country's GDP and public welfare. The IT industry accounted for 7.4% of India's GDP in FY22, and it is expected to contribute 10% to India's GDP by 2025. The Indian IT & business services industry is expected to grow to US$ 19.93 billion by 2025. Spending on information technology in India is expected to reach US$ 144 billion in 2023. By 2026, widespread cloud utilisation can provide employment opportunities to 14 million people and add US$ 380 billion to India's GDP.
The Company's business operations encompass various domains (i) In Data Management & Analytics, it organizes and analyzes data, providing tailored insights for informed decision-making such as Master data Management, Product information Management etc (ii) E-commerce & Digital Services form a core area where the company develops and optimizes digital platforms for seamless online experiences such as Ecommerce platform management, content management, Digital marketing etc (iii) Machine Learning & AI represent its capabilities in advanced technologies, offering innovative solutions such as tagging/labelling, Transcription , Annotation etc (iv) Edtech & Technology Solutions focus on leveraging technology to enhance educational experiences and overall technological solutions such as live Proctoring, Record and review, Student Counselling etc.
Peer Comparison:
- Vertexplus Technologies Ltd
- eClerx Services Ltd
- Systango Technologies Ltd
Enfuse Solutions Ltd IPO Key Points
Strengths
- Experienced Promoters along with qualified Employee base.
- Diversified revenue from multiple geographies.
- Diversified client base and revenue sources.
- Wide range of professional and technical services.
Risk
- The Company derives a significant portion of its revenues from clients located in the United States of America and Netherland and any adverse developments in these markets could adversely affect the company's business.
- The company is dependent on a few customers for a major part of the company is revenues. Further its do not have any long-term commitments from customers and any failure to continue the company is existing arrangements could adversely affect its business and results of operations.
- Exchange rate fluctuations may adversely affect its results of operations as significant portion of the company's revenues and some portion of its expenditure is denominated in foreign currencies.
Strategy
- To Maintain and Expand its Current Business Relationships.
- To build professional organisation by recruiting and retaining highly-skilled employees.
- Quality Assurance ensuring standardized quality of its services.
- Diversified revenue from multiple geographies.
- Experienced Promoters along with qualified Employee base.
- Diversified revenue from multiple geographies.
- Diversified client base and revenue sources.
- Wide range of professional and technical services.
How To Apply for Enfuse Solutions Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.