Enfuse Solutions Limited IPO

Price
₹91 - ₹96
Lot
1200
Subs.
357.31
Expected Listing Earning

Exp. Premium(GMP):
60.00(62.50%)
IPO Details

Open Date: 15-Mar-2024
Close Date: 19-Mar-2024
Allotment Date: N/A
Listing Date: 20-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹91-96 Per Equity Share
Issue Size: Total Issue Size 2,337,600 shares (aggregating up to ₹22.44 Cr) : Fresh Issue 2,337,600 shares (aggregating up to ₹22.44 Cr)
Market Lot (Min Amount): Retail - ₹115,200 : HNI - ₹230,400
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved444,000333,600776,4001,554,000
Day 1 - 15-03-24 
05:00 PM
1.93x5.27x13.36x8.36x
Day 2 - 18-03-24 
05:00 PM
3.57x35.14x61.82x39.45x
Day 3 - 19-03-24 
05:00 PM
99.97x953.22x248.42x357.31x
Total No. of Application:160,729 (Approx.)
Retail Subscription on the basis of Apps:248.42x
Valuations

Earning Per Share(EPS)4.5/-
P/E Ratio21.35
RoNW33.25%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,20232,547.232,805.28322.50
31 Mar,20231,164.712,610.42292.73
31 Mar,2022889.802,556.64198.11
31 Mar,2021460.801,720.26155.43
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding73.58%
Company Promoter(s)
1. Imran Yasin Ansari
2. Mohammedk Lalmohammed Shaikh
3. Rahul Mahendra Gandhi
4. Zaynulabedin Mohmadbhai Mira
5. Farheen Imran Ansari
Issue Objective(s)

The company intends to utilize the proceeds of the Issue to meet the following objectives:

  1. Repayment of certain Borrowings availed by the Company
  2. To meet Working Capital requirements; and
  3. General Corporate Purpose
About Company

Incorporated in 2017, Enfuse Solutions Limited provides integrated digital solutions in the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, education, and technology solutions.

The company operates in four areas:

  1. Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence and Edtech & Technology Solutions. In Data Management & Analytics, the focus is on analyzing data to make informed decisions.
  2. E-Commerce & Digital Services develops and optimizes digital platforms for seamless online experiences.
  3. Machine Learning & AI offer innovative solutions.
  4. Edtech & Technology Solutions improves the educational experience and offers technological solutions.

The company has two delivery centers, one in Thane, Maharashtra, and the second in Vikroli, Mumbai, Maharashtra.

The company generates revenue from its domestic business in India and exports services to countries such as the US, Ireland, the Netherlands and Canada.

As of December 31, 2023, the company employed a total of 448 employees at various levels of the organization, including key management personnel.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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