Enfuse Solutions IPO Subscribed 357.31 times

About Enfuse Solutions IPO

Enfuse Solutions IPO is book built issue of Rs 22.44 crores. issue comprises entirely of fresh issue of 23.38 lakh shares. Enfuse Solutions IPO opens for subscription on March 15, 2024 & closes today, March 19, 2024. allotment for Enfuse Solutions IPO is expected to be finalized on Wednesday, March 20, 2024.

Enfuse Solutions IPO will list on NSE SME with tentative listing date fixed as Friday, March 22, 2024. Enfuse Solutions IPO's price band is set at ₹91 to ₹96 per share. Minimum lot size for application is 1200 shares. minimum amount of investment required by retail investors is ₹115,200. minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.

Hem Securities Limited is book running lead manager of Enfuse Solutions IPO, while Bigshare Services Pvt Ltd is registrar for issue. market maker for Enfuse Solutions IPO is Hem Finlease.

Final Subscription Status of Enfuse Solutions IPO

Here is final subscription status of Enfuse Solutions IPO as at close on 19th March 2024.

Enfuse Solutions Ltd IPO subscription status reflects strong investor interest across categories. While Anchor Investors & Market Makers showed moderate subscription levels, Qualified Institutions segment demonstrated robust participation, nearly exhausting shares offered. Non-Institutional Buyers exhibited overwhelming demand, oversubscribing by impressive 953.22 times, reflecting high investor confidence. Retail Investors also displayed significant interest, with subscription of 248.42 times, indicating retail participation in IPO. Overall, IPO garnered total subscription of 357.31 times, with total applications reaching 160,729, indicating widespread investor enthusiasm & positive market sentiment towards Enfuse Solutions Ltd.

Allocation Quota for Various Categories

1. Anchor Investors: allocation for anchor investors represents significant portion of total shares offered, comprising approximately 28.39% of IPO size. This indicates strong interest from institutional investors, which can enhance credibility & success of IPO.

2. Market Maker: Market makers are allocated smaller portion of shares, accounting for 5.13% of IPO size. Market makers play crucial role in maintaining liquidity & stability in secondary market post-listing.

3. Qualified Institutional Buyers (QIB): QIBs are allocated significant portion of shares, representing 18.99% of IPO size. This allocation is essential for attracting institutional investors, who often contribute to long-term stability & liquidity of stock.

4. Non-Institutional Investors (NII): allocation for non-institutional investors constitutes 14.27% of IPO size. This category typically includes high-net-worth individuals & retail investors applying for large amounts, indicating diverse interest in offering.

5. Retail Investors: Retail investors are allocated largest portion of shares, representing 33.21% of IPO size. This allocation encourages retail participation, promoting wider ownership & potential demand in secondary market.

Data Source: NSE

How subscription built up for Enfuse Solution IPO?

Very well subscription of IPO was dominated by HNI / NII followed by Retail category & QIB category in that order. table below captures day-wise progression of subscription status of Enfuse Solution Ltd. IPO was kept open for 3 working days.

Here are key takeaways from subscription numbers on day-wise basis for Enfuse Solution IPO as of close of IPO on 19th March 2024.

• Enfuse Solution Ltd IPO saw gradual increase in subscription levels over its three-day period.
• Initially modest, interest surged notably by Day 2, led by Non-Institutional Investors (NII).
• By final day, subscription reached exceptional levels across all categories, particularly from Retail & NII segments.

This overwhelming response indicates strong retail investor interest & growing confidence from institutional investors, reflecting positive market sentiment towards Enfuse Solution Ltd.