Enfuse Solutions IPO Details
| Detail | Description |
|---|---|
| IPO Opening Date | March 15, 2024 |
| IPO Closing Date | March 19, 2024 |
| Listing Date | March 22, 2024 |
| Issue Type | Book Built Issue IPO |
| Price Band | ₹ 91 to ₹ 96 per share |
| Lot Size | 1,200 Shares |
| Issue Size | 23,37,600 shares (aggregating up to ₹ 22.44 Cr) |
| Listing At | NSE SME |
| Market Maker | Hem Finlease |
About Enfuse Solutions IPO
Enfuse Solutions, a company offering integrated digital solutions, launched its Initial Public Offering (IPO) with the goal of raising Rs 22.44 crores through the issuance of 23.38 lakh shares. The IPO was open for subscription from March 15, 2024, to March 19, 2024, and successfully listed on the NSE SME platform on March 22, 2024
Objects of the Issue
The funds raised through the IPO are intended for the following purposes:
- 1. Repayment of certain borrowings availed by the company.
- 2. Meeting working capital requirements.
- 3. General corporate purposes.
IPO Review
Despite operating in a competitive sector, Enfuse Solutions has shown growth in its financial performance. The IPO pricing, based on the company's annualized earnings for FY24, appears to be fully priced. The financial data for the last 21 months suggests an effort to justify the asking price. Investors looking for opportunities in the digital solutions space may consider this IPO for medium to long-term gains.
Enfuse Solutions IPO Financial Information
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | — | |||||
| Amount in ₹ Crore | |||||||||
Enfuse Solutions Key Performance Indicator
| KPI | Values |
|---|---|
| - |
Frequently Asked Questions
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Competitive Strengths
Enfuse Solutions IPO Timeline
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| — | — | — |