Open an Account
search icon
3
NOTIFICATIONS
Best Algo trading app in India
Home > IPO Details

Enfuse Solutions Limited

15 Mar 2024 - 19 Mar 2024 Individual Category SME IPO NSE

Min Investment

₹218400

Price Band

₹91-₹96

Issue Size

16.74 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
img

15 Mar 2024

Open Date

img

19 Mar 2024

Close Date

img

20 Mar 2024

Allotment Date

img

22 Mar 2024

Listing Date

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.

Know Before Investing

Strengths icon

Weaknesses icon

About Enfuse Solutions Limited

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. 

Founded

2017

Managing Director

Kamran Shaikh

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account