Enfuse Solutions Ltd
Price Range
₹91 - ₹96
Min. Quantity
1,200
Closes on
19 March 2024
Min. investment
₹1,15,200/1,200 Shares
Enfuse Solutions Ltd IPO Timeline
The Company 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.
| Event | Date |
|---|---|
| Enfuse Solutions Ltd IPO Opening Date | 15 March 2024 |
| Enfuse Solutions Ltd IPO Closing Date | 19 March 2024 |
| Basis of Allotment | 20 March 2024 |
| Initiation of Refunds | 21 March 2024 |
| Credit of Shares to Demat | 21 March 2024 |
| Enfuse Solutions Ltd IPO Listing Date | 22 March 2024 |
Enfuse Solutions Ltd IPO Details
| Enfuse Solutions Ltd IPO Date | 15 March 2024 to 19 March 2024 |
| Enfuse Solutions Ltd IPO Face Value | ₹10 per share |
| Enfuse Solutions Ltd IPO Price | ₹91 to ₹96 per share |
| Enfuse Solutions Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹22.44 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹22.44 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi |
Enfuse Solutions Ltd IPO Lot Size
The Enfuse Solutions Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,15,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,15,200 |
| Maximum | 1 | 1,200 | ₹1,15,200 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Enfuse Solutions Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 46.98 | 39.99 | 5.36 |
| 03-2023 | 11.59 | 26.1 | 3.19 |
| 03-2022 | 8.9 | 25.57 | 1.98 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment of certain borrowings availed by the company
- To meet working capital requirements
- General corporate purposes
Enfuse Solutions Ltd IPO Promoter Holding
| Pre Issue Share Holding | 25% |
| Post Issue Share Holding | 18.39% |
Enfuse Solutions Ltd IPO Subscription Status (Bidding Detail)
The Enfuse Solutions Ltd IPO is subscribed 237.5847 times on 19 March 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 237.5847 |
Enfuse Solutions Ltd IPO Prospectus
Enfuse Solutions Ltd IPO Listing Date
| Listing Date | 22 March 2024 |
| BSE Script | 92697 |
| NSE Symbol | ENFUSE |
| Listing In | NSE - SME |
| ISIN | INE0S3X01014 |
| IPO Price | ₹96 |
| Face Value | ₹10 |
Company Contact Information
A/1503 Bonaventure Building #5Rangnath Kesar Rd Dahisar West,Mumbai-400068
Phone: +91 22 2811 8383
Email: cs@enfuse-solutions.com
Website: www.enfuse-solutions.com
Enfuse Solutions Ltd IPO Registrar
Enfuse Solutions Ltd IPO Lead Manager(s)
- Hem Securities Ltd
FAQ
What is the issue size of Enfuse Solutions Ltd IPO?
I have pre-applied for Enfuse Solutions Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.