Enfuse Solutions Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Enfuse Solutions Ltd IPO

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.

Enfuse Solutions Ltd IPO Details

Total Shares Offered

₹ 23,37,600

Offer to Public

TBA

Retail Max (Shares)

₹ 7,76,400

Pre Issue Promoters Holding

₹ 65,09,997

Exchange

NSE

Issue size

₹ 22.44 Cr

IPO Open Date

Mar 15, 2024

Close Date

Mar 19, 2024

Lot Size

1200

Min Investment

₹ 1,09,200

Issue Type

Book Building - SME

Listing Date

Mar 22, 2024

Enfuse Solutions Ltd IPO Dates

Mar 15, 2024

Opening date

Mar 19, 2024

Closing date

Mar 20, 2024

Basis of Allotment

Mar 21, 2024

Initiation of Refunds

Mar 21, 2024

Credit of Shares

Mar 22, 2024

Listing date

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*
QIB	0x	1107600
NII	0x	333600
Retail	0x	776400
Employee	0x	0
Total	0x	2337600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1107600

333600

776400

2337600

Enfuse Solutions Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	43.48	8.18	4.88
EBITDA	13.62	9.63	5.71
PAT	3.25	5.36	3.19
Total Assets	39.32	17.10	5.06
Share Capital	8.85	8.85	0.01
Total Borrowings	24.96	3.19	1.18
Operating Activities (Net Cash)	7.56	6.81	4.02
Investing Activities (Net Cash)	4.64	0.00	0.09
Financing Activities (Net Cash)	24.96	3.19	1.18
Net Cashflow	3.80	7.16	0.13

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.

Peer Comparison:

Vertexplus Technologies Ltd
eClerx Services Ltd
Systango Technologies Ltd

Enfuse Solutions Ltd 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.

How To Apply for Enfuse Solutions Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Enfuse Solutions Ltd IPO?

Enfuse Solutions Ltd's IPO offers shares for up to 22.44 It begins on Mar 15, 2024 and ends on Mar 19, 2024.

What is the price of the Enfuse Solutions Ltd IPO?

The price of Enfuse Solutions Ltd IPO ranges between ₹91 to ₹96 per share.

What are the open and close dates for the Enfuse Solutions Ltd IPO?

The Enfuse Solutions Ltd IPO opens on Mar 15, 2024 and closes on Mar 19, 2024.

When will the Enfuse Solutions Ltd IPO be allotted?

The allotment for the Enfuse Solutions Ltd IPO will be finalised on Mar 20, 2024. The shares will be listed on BSE and NSE on Mar 22, 2024.

What is the minimum lot size required for Enfuse Solutions Ltd IPO?

The minimum lot size for Enfuse Solutions Ltd IPO is 1200 shares, priced between ₹91 to ₹96 per share.

What is the GMP of Enfuse Solutions Ltd IPO?

The GMP (Grey Market Premium) of Enfuse Solutions Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Enfuse Solutions Ltd IPO?

To check the allotment status of Enfuse Solutions Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Enfuse Solutions Ltd IPO getting listed?

The Enfuse Solutions Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 15, 2024, and closes on Mar 19, 2024. The allotment is finalised on Mar 20, 2024.

How do you apply for the Enfuse Solutions Ltd IPO?

To apply for the Enfuse Solutions Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.