Enfuse Solutions was incorporated on February 10, 2017. The company specializes in providing integrated digital solutions across various domains, including data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. It delivers these services by blending custom-designed data processes, delivery teams comprising both generalists and domain specialists, and its in-house software to streamline and automate various processes.
| Bidding Dates |
|---|
| 15 Mar 2024 - 19 Mar 2024 |
| Subscription |
|---|
| 331.81x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,09,200 | 1 | 1 | 1200 | 2.3 M | ₹91 - ₹96 | 73.58 % | ₹212.7 M - ₹224.4 M | RHP DOC |
Enfuse Solutions IPO SUBSCRIPTION STATUS
19 Mar '24Enfuse Solutions IPO overall subscription rate was 331.81 times the total available shares
Enfuse Solutions IPO retail subscription rate was 329.29 times in the retail segment
Enfuse Solutions IPO non-institutional investor subscription rate was 1266.94 times in the non-institutional investor category
Enfuse Solutions IPO Qualified Institutional Bidder subscription rate was 53.03 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Mar 2024 (Day 3) | 329.29x | 1266.94x | 53.03x |
18 Mar 2024 (Day 2) | 57.09x | 33.59x | 1.36x |
15 Mar 2024 (Day 1) | 16.99x | 6.92x | 1.02x |
Enfuse Solutions FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 32.3 | 280.3 | 30.4 | -12.5 | 19.0% |
| FY23 | 29.3 | 261.0 | 13.4 | -0.2 | 19.1% |
| FY22 | 19.8 | 255.4 | 19.6 | -21.8 | 12.7% |
| FY21 | 15.5 | 172.0 | 21.7 | -0.4 | 12.9% |
Enfuse Solutions IPO SUBSCRIPTION STATUS DETAILS
Enfuse Solutions had 2.3 M shares on offer
Enfuse Solutions IPO offer price was in the range ₹91 - ₹96
Enfuse Solutions IPO minimum Investment was ₹109200
Enfuse Solutions IPO issue size was ₹ 212.7 M - ₹ 224.4 M
Enfuse Solutions had a minimum lot size of 1200 Shares per application
Enfuse Solutions NUMBER OF SHARES ON OFFER
Enfuse Solutions IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2024 |
| Issue close Date | 19 Mar 2024 |
| Allotment Date | 20 Mar 2024 |
| Refund Date | 21 Mar 2024 |
| Demat Account Credit Date | 21 Mar 2024 |
| Listing Date | 22 Mar 2024 |
| Listing on Exchange(s) | NSE |
| Enfuse Solutions Allotment Status | Exchange |
Enfuse Solutions IPO subscription opened on 15 Mar 2024, and closed on 19 Mar 2024
IPO allotment for Enfuse Solutions was finalized on Wednesday, 20 Mar 2024
IPO listing for Enfuse Solutions was on NSE on Friday, 22 Mar 2024
Enfuse Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 96.0 |
| Listing Open Price | 115.0 |
| Listing Close Price | 115.5 |
| Listing Gain% | 19.8% |
| Current Gain% | 71.9% |
Enfuse Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Enfuse Solutions Ltd. | 165 | 146 | -9.5 | 0 | 2.5 | -78.2 | -28.1 | 59.4 | 34 | -15.4 | -575.1 | -17.4 | -575.1 |
| Computer Age Management Services Ltd. | 787.5 | 19553.4 | 39.5 | 7.8 | 12.6 | 36 | 26.3 | 1567.4 | 6.3 | 476 | 1.2 | 19.9 | 5.1 |
| Latent View Analytics Ltd. | 297.2 | 6149.8 | 31.5 | 6.3 | 5.5 | 11.3 | 9.4 | 1136 | 23.9 | 198.1 | 13.7 | 9.4 | 5 |
| Ikoma Technologies Ltd. | 68.6 | 159.1 | 813.2 | -9.5 | 95.6 | 2.4 | 1.4 | 1.7 | -91.5 | 0.2 | -82.8 | 0.1 | -85.2 |
| Reliable Data Services Ltd. | 147.1 | 151.8 | 21.7 | -1.6 | 0.8 | 9.8 | 3.8 | 185.4 | 37.1 | 7 | -22.6 | 6.8 | -14 |
| Titan Intech Ltd. | 1 | 84 | 15.1 | 0.4 | 2.5 | 3.4 | 2.9 | 34.4 | 26.8 | 5.6 | 40.6 | 0.1 | 40.5 |
Enfuse Solutions INFORMATION ON IPO ISSUE
About Enfuse Solutions
Enfuse Solutions was incorporated on February 10, 2017. The company specializes in providing integrated digital solutions across various domains, including data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. It delivers these services by blending custom-designed data processes, delivery teams comprising both generalists and domain specialists, and its in-house software to streamline and automate various processes.
Object of the Issue
- Repayment of certain borrowings availed by the company
- To meet working capital requirements
- General corporate purpose
Enfuse Solutions - PROMOTERS
| Name |
|---|
| Imran Yasin Ansari |
| Mohammedk Lalmohammed Shaikh |
| Rahul Mahendra Gandhi |
| Zaynulabedin Mohmadbhai Mira |
Enfuse Solutions Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Enfuse Solutions Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Enfuse Solutions Strengths
Diversified revenue from multiple geographies
The company generates diversified revenue from multiple geographical locations, with a significant portion of its revenue derived from export sales
Diversified client base
The company caters to a diverse mix of end markets across several industry sectors, serving entrepreneurs from start-up enterprises to established companies. It operates in sectors such as technology, BFSI, retail, financial services, media and entertainment, health, education, and various other industries
Wide range of services
The company offers a wide range of services that cater to diverse business needs. Its offerings include data management & analytics, e-commerce & digital services, tagging services, proctoring services, machine learning & AI, edtech & technology solutions, and more
Enfuse Solutions Risks
Intense competition
Intense competition in the technology services market could impact the company's pricing, potentially reducing its share of business from clients and decreasing revenues and profitability
Negative cash flows
The company has experienced negative operating cash flows in the past. Future operating losses or negative cash flows could adversely affect the results of operations and financial conditions
Unsecured loans
The company has unsecured loans that are repayable on demand. Any demand from lenders for repayment of these unsecured loans may adversely affect the cash flows
IPO FAQs
The promoters of the company are Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai Mira.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 96.0.
The IPO application opens on Mar 15, 2024 and closes on Mar 19, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 109,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Mar 20, 2024.
The refund will be credited to your account on Mar 21, 2024.
The allotted shares will be credited to your demat on Mar 21, 2024.
Enfuse Solutions Ltd.’s shares listed on the stock exchanges on Mar 22, 2024.