The Enfuse Solutions IPO date has been confirmed from March 15, 2024, and closes on March 19, 2024. Read the post to learn about Enfuse Solutions Limited IPO GMP.
Hey there, folks, some thrilling news buzzing around in the investment realm! Enfuse Solutions is making waves with its IPO valued at a solid Rs 22.44 crores, offering shares priced between ₹91 to ₹96. Enfuse Solutions IPO GMP Today is ₹40. Now, if you’re considering jumping on board with Enfuse Solutions, here’s the lowdown: each application requires a minimum of 1200 shares, meaning retail investors need to shell out at least ₹115,200. And for our High Net Worth Individuals (HNIs), it’s a bit pricier – they’ll need to snag a minimum of 2 lots, totaling 2400 shares, with a total value of ₹230,400.
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Key Details Of Enfuse Solutions Limited IPO:
Bidding Dates
March 15-19
Price Range
₹91 to ₹96 per share
Face Value
₹10 per share
GMP
₹40
Enfuse Solutions IPO GMP
The Enfuse Solutions IPO GMP Today is ₹40.
IPO Overview
Now, mark your calendars because the shares are up for grabs from March 15 to March 19, 2024. Allocation news is slated to come in by Wednesday, March 20, 2024, and if all sails smoothly, Enfuse Solutions is eyeing a debut on the NSE SME stage come Friday, March 22, 2024.
Enfuse Solutions IPO Details
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,510,000 |
| Share holding post issue | 8,847,600 |
| Market Maker portion | 120,000 shares |
Enfuse Solutions Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,943.33 | 1,164.71 | 889.80 | 460.80 |
| Revenue | 1,503.06 | 2,610.42 | 2,556.64 | 1,720.26 |
| Profit After Tax | 178.41 | 292.73 | 198.11 | 155.43 |
| Net Worth | 824.86 | 646.45 | 353.72 | 155.60 |
| Total Borrowing | 719.63 | 242.09 | 234.08 | |
| Amount in ₹ Lakhs | ||||
Enfuse Solutions IPO Timeline
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| Credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
Company Profile
Established back in 2017, Enfuse Solutions is all about delivering top-notch digital solutions covering a wide array of areas, from data management and analytics to e-commerce, digital services, machine learning, artificial intelligence, and education technology. They operate from two delivery centers nestled in Thane and Vikhroli, Maharashtra, serving both local and international markets, including the United States, Ireland, the Netherlands, and Canada. As of November 30, 2023, they’ve got a dedicated team of 433 employees spread across different departments, focusing on four key domains:
Data Management and Analytics, E-commerce and Digital Services, Machine Learning and AI, and Edtech and Technology Solutions. Each domain plays a pivotal role in various aspects like data analysis, digital platform optimization, innovation, and educational enhancement through technology. So, if you’re ready to dive into the IPO game, keep those peepers peeled for Enfuse Solutions!
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ib@hemsecurities.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Enfuse Solutions Limited |
| Phone number | +91-22-28118383 |
| Email ID | cs@enfuse-solutions.com |
| Website | enfuse-solutions.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Enfuse Solutions IPO FAQs
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