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SME IPO Status: Listed [15th Mar 2024 to 19th Mar 2024]
Enfuse Solutions IPO, a SME IPO of ₹22.44 Cr was launced on 15-03-2024 to 19-03-2024 and the shares got listed on NSE SME on 22-03-2024.
The public issue of Enfuse Solutions IPO (ENFUSE) was offered at ₹96.00 per share and the ipo was listed at ₹115.00. It has delivered listing gain of 19.79%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 22800.00 per lot return on listing.
| SME IPO Issue Opening Date: | 15th Mar 2024 |
| SME IPO Issue Closing Date: | 19th Mar 2024 |
| SME IPO Issue Price: | ₹91.00-96.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹22.44 Cr |
| Fresh Issue: | ₹22.44 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.58% |
| Allotment Status: | Allotment Status |
| NSE Code: | ENFUSE |
Get important updates regarding Enfuse Solutions SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Mar 2024 |
| Refunds Initiation* | 21st Mar 2024 |
| Credit of Shares to Demat* | 21st Mar 2024 |
| SME IPO Listing Date* | 22nd Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹91.00-96.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹115200 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 22-03-2024 | 96.00 | 40 | 36500 | ₹136 (41.67%) | 22-Mar-2024 10:30 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Enfuse Solutions Limited was founded in Fab 2017. We provide integrated digital solutions in various areas including (i) data management and analytics, (ii) e-commerce and digital services, (iii) machine learning and artificial intelligence, (iv) edtech and technology solutions. We provide these service solutions by combining customized data processes, delivery teams that include both generalists and domain specialists, and our in-house software to streamline and automate various processes.
Our business activities cover various areas: (i) Data management and analytics, where we organize and analyze data to provide tailored insights for informed decisions, e.g. master data management, product information management, etc. (ii) E-commerce and digital services form a core area where we develop and optimize digital platforms for seamless online experiences, e.g. (iii) Machine learning and artificial intelligence (AI) represent our capabilities in advanced technologies and provide innovative solutions such as tagging/labeling, transcription, annotation, etc. (iv) Edtech and technology solutions focus on the use of technology to enhance educational experiences and total technology solutions such as live proctoring, recording and review, student counseling, etc.
We work as consultants for our clients according to the terms of the subcontracts we have with them. For example, if our client wants to provide digitization services to one of their customers, we work as a consultant on behalf of our client to provide these services to their customers. We enter into a contract with our clients that sets out the scope of our services to their clients. This includes the duration of the project, the background and objective of the project and a description of the services to be provided.
| Incorporation | Sector | IPO Issue Size | Website |
| 2017 | IT Enabled Services | ₹22.44 Cr | https://www.enfuse-solutions.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 444,000 (28.57%) | 333,600 (21.47%) | 776,400 (49.96%) | 1,554,000 | |
| 1 | 15th Mar 2024 19:32 | 1.93x | 5.27x | 13.36x | 8.36x |
| 2 | 18th Mar 2024 19:31 | 3.57x | 35.14x | 61.82x | 39.45x |
| 3 | 19th Mar 2024 18:23 | 99.97x | 953.22x | 248.42x | 357.31x |
Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,547.23 | 1,164.71 | 889.80 | 460.80 |
| Revenue | 2,805.28 | 2,610.42 | 2,556.64 | 1,720.26 |
| Profit After Tax | 322.50 | 292.73 | 198.11 | 155.43 |
| Net Worth | 969.95 | 646.45 | 353.72 | 155.60 |
| Reserves and Surplus | 318.95 | |||
| Total Borrowing | 905.75 | 242.09 | 234.08 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Enfuse Solutions Limited | 4.5 | 4.5 | 45.21 | |||
| Vertexplus Technologies Limited | 4.71 | 4.71 | 36.43 | 8.36 | ||
| eClerx Services Limited | 97.15 | 97.15 | 25.06 | 28.5 | ||
| Systango Technologies Limited | 12.76 | 12.76 | 26.76 | 22.7 |
Last Updated on 26-Mar-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Enfuse Solutions SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Enfuse Solutions SME IPO with Zerodha.
Alternate approch to apply in Enfuse Solutions SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Enfuse Solutions SME IPO Review and Important Updates
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To subscribe or apply in Enfuse Solutions SME IPO, you can use the following methods:
| Enfuse Solutions SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Enfuse Solutions SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Enfuse Solutions SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Enfuse Solutions SME IPO. Most of the Syndicate Banks provide access to apply in Enfuse Solutions IPO via ASBA process. You must have your net banking access, DP ID information to apply in Enfuse Solutions SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Enfuse Solutions SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Enfuse Solutions SME IPO Review and Important Updates
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Enfuse Solutions SME IPO is going to be list on 22-03-2024. NSE Code for Enfuse Solutions is ENFUSE.
Other relevant questions:
When Enfuse Solutions SME IPO will be listing? Enfuse Solutions SME IPO NSE listing date?Enfuse Solutions SME IPO date of listing
Enfuse Solutions SME IPO Allotment Date is 20-03-2024.
Other relevant questions:
Enfuse Solutions SME IPO share allotment date?Enfuse Solutions SME IPO allotment date?
