13-Mar-2024
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Enfuse Solutions IPO is open for subscription from Friday, March 15, 2024, and will close on Tuesday, March 19, 2024. The price band of the latest IPO is decided at Rs 91 to Rs 96 per share. The minimum lot size of this application for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum amount of investment required for retail category investors is Rs 1,15,200 (96 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,30,400 (96 x 2400 shares). Enfuse Solutions IPO is a book-built issue of Rs 22.44 crores. This upcoming IPO issue is completely a fresh issue of 23.38 lakh equity shares. The allotment for this new IPO is expected to be finalised on Wednesday, March 20, 2024. Enfuse Solutions IPO will be listed on NSE SME, and the listing date is fixed on Friday, March 22, 2024. The book-running lead manager of Enfuse Solutions IPO is HEM Securities Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Enfuse Solutions Limited Company Profile
Enfuse Solutions Limited was incorporated in 2017, provides integrated digital solutions in data management and analytics, e-commerce and digital services, AI and Machine Learning, Ed-tech and technology solutions. Enfuse operates majorly in four domains: Data Management and analytics, E-commerce and Digital services etc. Secondly, Data Management and analytics focusing on analysing data for informed decision making. The other domain is E-commerce and digital services for optimising digital platforms for seamless online experiences. The company is also engaged in Machine Learnings and A.I domains as well as Ed-tech and technology solutions. The company has two delivery centres, one is Vikroli, Mumbai, Maharashtra and the other one is in Thane, Maharashtra. Enfuse Solutions generate revenue from domestic operations in India and export services to countries like USA, Canada, Netherlands and Ireland.
About Enfuse Solutions Limited
Enfuse Solutions Limited was incorporated in July 2001, is engaged in the business of manufacturing of fabricated and hot dip galvanising steel products. The product portfolio of Enfuse Solutions includes Lattice Tower Structures, Substation structure, Solar Module Mounting Structures, Cables trays, Beam Crash Barriers, Earthing strips. The company’s manufacturing facility, Vadodara, Gujarat which is spreaded in 2000 sq. ft. The plant is fully equipped with CNC machinery and equipment.They offer end-to-end solutions by providing in house fabrication and hot dip galvanising facilities for custom made solutions. The company has the ability to provide high quality products and services, which directly affects its customer satisfaction and long term success. As per books on September 30, 2023, the company has a total 81 employees in its manufacturing plant and head office.
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Objectives of Enfuse Solutions IPO
The amount received from the initial public offer will be used for financing the capital structure toward setting up a new manufacturing unit. The new manufacturing unit will help to expand the current production capabilities and expand its current product portfolio. Other than this general corporate purposes will also be fulfilled.
Financials of Enfuse Solutions Limited (Amt in Rs Lakhs)
Enfuse Solutions reported a revenue of Rs 1,503.06 lakhs and net profit of Rs 178.41 lakhs for the quarter ended on 30 September 2023. The company’s revenue increased by 2.1% and profit after tax increased by 47.76% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,943.33 | 1,164.71 | 889.8 | 460.8 |
| 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 | 155.6 |
| Total Borrowing | 719.63 | 242.09 | 234.08 | - |
Other Important Details of Enfuse Solutions IPO
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | 22-Mar-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 91 to Rs 96 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,337,600 shares amounting to Rs 22.44 crore |
| Fresh Issue | 2,337,600 shares amounting to Rs 22.44 crore |
| Issue Type | Book Built Issue |
| Listing At | NSE SME |
| Holding pre issue | 6,510,000 |
| Holding post issue | 8,847,600 |
| Market Maker portion | 120,000 shares |
Time-Table of Enfuse Solutions IPO
| 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 day for UPI mandate | 5 PM on March 19, 2024 |
Lot Size of Enfuse Solutions IPO
| Application | Lots | Shares | Amount |
| Retail- minimum | 1 | 1200 | Rs 115,200 |
| Retail - maximum | 1 | 1200 | Rs 115,200 |
| HNI - minimum | 2 | 2,400 | Rs 230,400 |
IPO Reservation of Enfuse Solutions Limited
| Category Of Investors | Equity Shares Offered |
| Equity shares offered to Qualified Institutional Investors | Not more than 50 percent of the Net Issue |
| Equity shares offered to the Retail Investors | Not less than 35 percent of the Offer |
| Equity shares offered to Non-Institutional Investors | Not less than 15 percent of the Offer |
Key Performance Indicator of Enfuse Solutions Limited IPO
| KPI | Values |
| ROE | 39.88% |
| ROCE | 24.05% |
| RoNW | 33.25% |
| P/BV | 7.57 |
| PAT Margin | 11.51% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.5 | 4.03 |
| P/E (x) | 21.35 | 23.8 |
Promoters of Enfuse Solutions Limited and Their Holdings
The promoters of Enfuse Solutions company areImran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi and Zaynulabedin Mohmadbhai Mira.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of Enfuse Solutions IPO
The lead manager for Enfuse Solutions IPO is HEM Securities Limited.
How do you apply for the Enfuse Solutions IPO?
Wait for the public issue to open for subscription, then click here to apply for the Enfuse Solutions Limited IPO with Bigul.
How do you check the allotment status of Enfuse Solutions IPO?
The registrar for Enfuse Solutions IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is Enfuse Solutions IPO?
Enfuse Solutions IPO is a book-built issue of Rs 22.44 crores. This upcoming IPO issue is completely a fresh issue of 23.38 lakh equity shares. The price band of the latest IPO is decided at Rs 91 to Rs 96 per share. The minimum lot size of this application for the retail category is 1200 shares.
2. Who are the lead managers for the Enfuse Solutions Limited IPO?
HEM Securities Limited are appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Enfuse Solutions Limited, handling the IPO's administrative aspects.
4. How can I apply for the Enfuse Solutions IPO?
The public subscription of this new IPO will open on March 15, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The amount received from the initial public offer will be used for financing the capital structure toward setting up a new manufacturing unit. The new manufacturing unit will help to expand the current production capabilities and expand its current product portfolio.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Enfuse Solutions Limited IPO 2024 by visiting here.
7. What is the financial performance of Enfuse Solutions Limited?
Enfuse Solutions reported a revenue of Rs 1,503.06 lakhs and net profit of Rs 178.41 lakhs for the quarter ended on 30 September 2023. The company’s revenue increased by 2.1% and profit after tax increased by 47.76% between the FY ending with 31 March 2023 and 31 March 2022.
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