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enfuse solutions ipo

Enfuse Solutions IPO

  • Status: Closed
  • RHP:
  • ₹ 109,200 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    22 Mar 2024

  • Listing Price

    ₹ 115.00

  • Listing Change

    19.79%

  • Last Traded Price

    ₹ 195.00

IPO Details

  • Open Date

    15 Mar 2024

  • Close Date

    19 Mar 2024

  • IPO Price Range

    ₹ 91 to ₹ 96

  • IPO Size

    ₹ 22.44 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    22 Mar 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Enfuse Solutions IPO Subscription Status

Last Updated: 26 March 2024 10:28 AM by 5Paisa

Enfuse Solutions Limited IPO is all set to open from 15th March to 19th March 2024. It is an integrated digital solutions provider company. The IPO includes a fresh issue of 2,337,600 shares worth ₹22.44 cr. The share allotment date is 20th March 2024, and the IPO will be listed on 22nd March 2024 on the stock exchanges. The price band is ₹91 to ₹96 and the lot size is 1200 shares.        

Hem Securities Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Enfuse Solutions IPO:

Enfuse Solutions Limited plans to utilize the raised capital from the IPO to:

●    To repay the debt obtained. 
●    For working capital requirements.
●    General corporate purposes.
 

Established in 2017, Enfuse Solutions Limited is an integrated digital solutions provider. It operates in four verticals:

i) In Data Management & Analytics 
ii) E-commerce & Digital Services 
iii) Machine Learning & Artificial intelligence 
iv) Edtech & Technology Solutions  

The company has Indian and global clientele and offers services as subcontractors too on behalf of their clients in various industries including Technology, BFSI (Banking, Financial Services, and Insurance), Retail, Financial Services (FinTech), Media and Entertainment, Health, Education, and more.

Enfuse Solutions service offering includes Data as a Service (DAAS) and software solutions, an AI platform for tagging audio, video, image, and documents, Edtech AI solutions, data annotation and curation platforms, data engineering, data science, cloud computing, and digital marketing.

Peer Comparison

●    Vertexplus Technologies Limited
●    eClerx Services Limited
●    Systango Technologies Limited

For More Information:
Webstory on Enfuse Solutions IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 26.09 25.54 17.20
EBITDA 4.97 3.23 2.21
PAT 2.92 1.98 1.55
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 11.64 8.89 4.60
Share Capital 0.01 0.01 0.01
Total Borrowings 5.17 5.35 3.04
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 1.34 1.95 2.17
Net cash from / (used in) investing activities -1.35 -4.17 -2.35
Net cash flow from / (used in) financing activities -0.098 2.27 -0.041
Net increase (decrease) in cash and cash equivalents -0.11 0.056 -0.22


Strengths

1.    The company receives diversified revenue from multiple geographies.
2.    It has a vast client base and offers a wide range of professional and technical services. 
3.    The company recruits and retains highly skilled employees.
4.    The company focuses on quality and safety. 
5.    The company’s management team is well-experienced.
 

Risks

1.    The company is dependent on revenues from clients located in the United States of America and the Netherlands.
2.    Exchange rate fluctuations may adversely affect the business. 
3.    It faces intense competition.
4.    Any increase in manpower cost for IT professionals could reduce cash flows and profit margins.
 

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FAQs

Enfuse Solutions IPO opens from 15th March to 19th March 2024.

The size of Enfuse Solutions IPO is ₹22.24 cr. 
 

To apply for Enfuse Solutions IPO, follow the steps given below
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Enfuse Solutions IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Enfuse Solutions IPO is fixed at ₹91 to ₹96 per share. 
 

The minimum lot size is 1200 shares and the investment required is ₹1,09,200.
 

The share allotment date of Enfuse Solutions IPO is 20th March 2024.

The Enfuse Solutions IPO will be listed on 22nd March 2024.
 

Hem Securities Limited is the book-running lead manager for Enfuse Solutions IPO.
 

Enfuse Solutions plans to utilize the raised capital from the IPO to:

1.    To repay the debt obtained. 
2.    For working capital requirements.
3.    General corporate purposes.