March 22, 2024
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Enfuse Solutions IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Enfuse Solutions IPO Post Listing Review:
On 22nd March, the scrip is listed at Rs. 115, premium of 19.79% over the issue-price of Rs. 96. This listing has been below the expectations of the grey market.
What is the last GMP of Enfuse Solutions IPO?*
Premium: Rs. 40
Subject to Rs. 36500
Check Subscription status of Enfuse Solutions IPO
On 19 March 2024 5.00 pm (Day 3) (Closed)
Review:
QIB: 1108500 Shares 99.97 T
NII: 332550 Shares 953.22 T
RII: 7759500 Shares 248.42 T
Total: 2217000 Shares 357.31 T
What is the business of Enfuse Solutions?
Enfuse Solutions is engaged in business of providing integrated Digital solutions across various domains including (i) In Data Management & Analytics (ii) E-commerce & Digital Services (iii) Machine Learning & Artificial intelligence (iv) Edtech & Technology Solutions. It provides these service solutions by combining custom-designed data processes, delivery teams that include both generalists and domain
specialists, and its in-house software to streamline and automate various processes.
Its 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 we develop and optimize digital platforms for seamless online experiences such as E-commerce platform management, content management, Digital marketing etc (iii) Machine Learning & AI represent our 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 has served entrepreneurs ranging from start-up enterprises to established companies, primarily consisting of blue-chip companies operating in sectors such as Technology, BFSI (Banking, Financial Services, and Insurance), Retail, Financial Services (FinTech), Media and Entertainment, Health, Education and various other industries. Recently, we have received work order for System Integrator for Computerization of PACS from the Commissioner for Co-operation & Registrar of Co-operative Societies, Maharashtra, for providing services like Operationalization of the software, Data digitization and migration, UAT and System Test, Setting up of support centres, Compliance reports etc of Rs. 64.53 Crs.
In 2019, it commenced its operations with Delivery Centre-I in Mumbai, Maharashtra i.e. Unit No. 703-704, 7th Floor, Sai Arpan B 11, Sai Complex, Survey No.: Old S. No. 254/PT(New), P G Vora Road, Besides Shanti Vihar, Mira Road (E.), Thane- 401107, Maharashtra, India. Subsequently, it expanded its operation by setting up Delivery Centre-II in Vikroli, Mumbai. Its revenue is generated from a combination of domestic operations within India and international endeavors, with a predominant share originating from its exports of services to countries like USA, Ireland, Netherland, Canada etc. It has generated around 71.94%, 83.47%, 77.72% and 63.58% of its total revenue from export sales and 28.06%, 16.53%, 22.28% & 36.42% of its total revenue from domestic sales for the period ending September 30, 2023 and fiscal year ending 2023, 2022 and 2021 respectively.
Get more information about the company @ https://www.enfuse-solutions.com/
| Enfuse Solutions IPO Details | |
| IPO opens on | 15 March 2024 |
| IPO closes on | 19 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2337000 Sh /Rs 22.44 Cr |
| * Fresh Issue | 2337000 Sh /Rs 22.44 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 120000 Sh. |
| Net offer to Public | 2217000 Sh./Rs.21.28 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 91-96 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE SME |
| Shares offered in Enfuse Solutions IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 1108500 | 10.64 |
| NII (15%) | 332550 | 3.19 |
| RII (35%) | 775950 | 7.45 |
| Total Shares | 2217000 | 21.28 |
| Retail portion will be oversubscribed by | 646 | |
| Forms | ||
| How much Shares to Apply in Enfuse Solutions IPO? | ||
| Min Retail Application | 1200 Sh | Rs. 115200 |
| Min HNI Application | 2400 Sh | Rs.230400 |
Who are the Promoters of Enfuse Solutions IPO?
The promoters of the company are Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai Mira
What are the Objects of Enfuse Solutions IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company intend to utilize the proceeds of the Issue to meet the following objects:
Repayment of certain Borrowings availed by the Company
To meet Working Capital requirements; and
General Corporate Purpose
| Enfuse Solutions IPO Tentative timetable | |
| IPO opens on | 15 March 2024 |
| IPO Closes on | 19 March 2024 |
| IPO Allotment on | 20 March 2024 |
| Refund Initiation | 21 March 2024 |
| Credit of Shares | 21 March 2024 |
| Listing on | 22 March 2024 |
| Registered Office of the Company Enfuse Solutions Limited A/1503, Bonaventure Building No.5, Rangnath Kesar Road, Dahisar West Mumbai 400068 |
| Who is the Lead Manager of Enfuse Solutions IPO? Hem Securities Limited |
| Who is the Registrar to IPO? Bigshare Services Private Limited |
| Enfuse Solutions IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 17.20 | 1.55 | 2.39 | 45.21 |
| 2021-22 | 25.78 | 1.98 | 3.04 | 55.85 |
| 2022-23 | 26.10 | 2.93 | 4.50 | 99.25 |
| Book Value of the Share on | 31.03.2023 | Rs 9.95 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 96 | |||
| Enfuse Solutions IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 21.33 |
| Price/BV Ratio | 9.64 |
| Upper price/BV after IPO | |
How Enfuse Solutions IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Enfuse Solutions | 10 | 26.10 21.33 | |
| Vertex Technologies | 10 | 21.71 | 41..05 |
| eClerx Services | 10 | 2713.84 | 27.12 |
| Systamgo Technologies | 10 | 53.70 | 20.67 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Enfuse Solutions IPO To the point Guidance
Enfuse Solutions is engaged in business of providing integrated Digital solutions across various domains including (i) In Data Management & Analytics (ii) E-commerce & Digital Services (iii) Machine Learning & Artificial intelligence (iv) Edtech & Technology Solutions. It provides these service solutions by combining custom-designed data processes, delivery teams that include both generalists and domain
specialists.
Its revenue is generated from a combination of domestic operations within India and international endeavors, with a predominant share originating from its exports of services to countries like USA, Ireland, Netherland, Canada etc. It has generated around 71.94% of its total revenue from export sales and 28.06% of its total revenue from domestic sales for the period ending September 30, 2023.
Size: The net size of the IPO is Rs. 21.28 Cr comprising of 2217000 shares. The HNI portion is just Rs.3.19 Cr and Retail portion is Rs. 7.45 Cr. The Retail portion will get oversubscribed with only 646 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company has shown steady growth in its topline and bottomline during last 3 years. There seems to be no exception rise in the profits of the year prior to the IPO. The shares are offered at PE multiple of 21.33 and compared to Peers, there appears to be room for listing gain. Apply.
Quicklinks
Enfuse Solutions IPO GMP Detail IPO GMP today details?
Enfuse Solutions IPO
Enfuse Solutions IPO FAQs
What is Enfuse Solutions IPO?
Enfuse Solutions IPO is a SME IPO of 2337000 equity shares of the face value of Rs. 10 aggregating up to Rs.22.44 Crores. The issue is priced at Rs.91-96 per share. The minimum order quantity is 1600 Shares.
When will Enfuse Solutions IPO open?
Enfuse Solutions IPO opens on March 15, 2024, and closes on March 19, 2024.
What is the lot size of Enfuse Solutions IPO?
Enfuse Solutions IPO lot size is 1600 Shares, and the minimum amount required is Rs.115200.
How to apply for Enfuse Solutions IPO?
You can apply in Enfuse Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Enfuse Solutions IPO allotment?
The finalization of Basis of Allotment for Enfuse Solutions IPO will be done on March 20, 2024, and the allotted shares will be credited to your demat account by March 21, 2024.
When is Enfuse Solutions IPO listing date?
Enfuse Solutions IPO listing date is March 22, 2024.
