Enfuse Solutions Limited
Book Built Issue IPO · NSE
- Price band
- ₹91 - ₹96
- Lot size
- 1,200 shares
- Issue amount
- ₹22.44 cr
- Total subscription
- 357.39×
- Opens
- 15 Mar 2024
- Closes
- 19 Mar 2024
- Allotment
- 20 Mar 2024
- Listing
- 22 Mar 2024
Offer at a glance
Issue overview
- Issue size
- 23,37,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,09,200
- Fresh issue
- ₹22.44 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,15,200
- Issue type
- Book Built Issue IPO
- Shares before issue
- 65,10,000
- Shares after issue
- 88,47,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,15,200 |
| HNI | 2 | 2,400 | ₹2,30,400 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.26 | 426.12 |
| RETAIL | 7.45 | 1,851.6 |
| NIB | 3.2 | 3,053.91 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| EPS | 4.95 | 2.74 | 4.5 | 3.04 |
| ROE | 39.88 | 24.22 | 58.42 | 77.49 |
| ROCE | 24.05 | 14.99 | 46.61 | 46.71 |
| RONW | 33.25 | 21.6 | 45.21 | 55.85 |
| PRE IPO(PE) | 7.57 | 0 | 0 | 0 |
| POST IPO(PE) | 21.35 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Enfuse Solutions Limited, established in 2017, is a leading provider of integrated digital solutions, specializing in data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. With a strong commitment to innovation, the company enhances business decision-making through data-driven insights, optimizes digital platforms for seamless user experiences, and pioneers AI-driven advancements across industries. Operating from two delivery centers in Maharashtra, Enfuse Solutions serves both domestic and international markets, including the USA, Ireland, Netherlands, and Canada. Supported by a dedicated workforce of 433 employees as of November 30, 2023, the company continues to shape the digital landscape, empowering businesses and educational institutions with cutting-edge technological solutions.
Strengths
- Experienced Leadership and Skilled Workforce: Strong leadership and a well-trained employee base enable innovation, high-quality service delivery, and adaptability in a dynamic market.
- Geographical Revenue Diversification: Operating across multiple global markets (India, USA, Ireland, Netherlands, Canada) reduces reliance on a single region, enhancing stability against economic fluctuations.
- Diverse Service Portfolio: A broad range of professional and technical services in data, AI, e-commerce, and edtech ensures market relevance, offering resilience against shifts in demand.
Risk factors
- Market Dependency Risk: A significant portion of revenue comes from the USA and the Netherlands. Any economic downturns or regulatory changes in these markets could negatively impact business performance.
- Foreign Exchange Volatility: Since a substantial share of revenue is in foreign currencies, fluctuations in exchange rates could reduce profitability and create earnings instability.
- Operational Flexibility Constraints: The company does not own its business premises, exposing it to potential lease disputes, rent hikes, or relocation challenges.
- Regulatory Compliance Risk: Non-compliance with certain statutory provisions could lead to legal penalties, reputational damage, and operational disruptions.
Promoters
Mran Yasin Ansari
Mohammedk Lalmohammed Shaikh
Rahul Mahendra Gandhi
Zaynulabedin Mohmadbhai Mira
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A/1503, Bonaventure Building, No.5, Rangnath Kesar Road, Dahisar West, Mumbai - 400068
+91-22-28118383
[email protected]Company website ↗Understanding ENFUSE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.