Enfuse Solutions Limited IPO
- IPO Date15 Mar, 2024 to 19 Mar, 2024
- Listing Date22 Mar, 2024
- Face Value₹10 per share
- Issue Price₹91 to ₹96 per share
- Lot Size1200 Shares
- Minimum Investment₹1,15,200
- Listing AtNSE SME
- Total Issue Size23,37,600 Shares
(aggregating up to ₹22.44 Cr) - Fresh Issue23,37,600 Shares
(aggregating up to ₹22.44 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue65,10,000
- Shareholding post issue88,47,600
IPO Dates
Closing Date
19 Mar, 2024
Initiation of Refunds
21 Mar, 2024
Listing Date
22 Mar, 2024
15 Mar, 2024
Opening Date
20 Mar, 2024
Basis of Allotment
21 Mar, 2024
Credit of Shares
Enfuse Solutions Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 1200 | ₹1,15,200 |
| HNI (Min) | 2 | 2400 | ₹2,30,400 |
| Retail (Min) | 1 | 1200 | ₹1,15,200 |
Enfuse Solutions Limited Promoter Holding
The promoters of the company are Imran Yasin Ansari, Mohammedk Lalmohammed Shaikh, Rahul Mahendra Gandhi, Zaynulabedin Mohmadbhai Mira and Farheen Imran Ansari.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.58% |
Enfuse Solutions Limited COMPANY INFORMATION
Enfuse Solutions IPO is a book built issue of Rs 22.44 crores. The issue is entirely a fresh issue of 23.38 lakh shares. Enfuse Solutions IPO bidding started from March 15, 2024 and ended on March 19, 2024. The allotment for Enfuse Solutions IPO was finalized on Wednesday, March 20, 2024. The shares got listed on NSE SME on March 22, 2024. Enfuse Solutions IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400. Hem Securities Limited is the book running lead manager of the Enfuse Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Enfuse Solutions IPO is Hem Finlease. Refer to Enfuse Solutions IPO RHP for detailed information.
Incorporated in 2017, Enfuse Solutions Limited provides integrated digital solutions in the areas of data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, education, and technology solutions.
The company operates in four areas:
- Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence and Edtech & Technology Solutions. In Data Management & Analytics, the focus is on analyzing data to make informed decisions.
- E-Commerce & Digital Services develops and optimizes digital platforms for seamless online experiences.
- Machine Learning & AI offer innovative solutions.
- Edtech & Technology Solutions improves the educational experience and offers technological solutions.
The company has two delivery centers, one in Thane, Maharashtra, and the second in Vikroli, Mumbai, Maharashtra.
The company generates revenue from its domestic business in India and exports services to countries such as the US, Ireland, the Netherlands and Canada.
As of December 31, 2023, the company employed a total of 448 employees at various levels of the organization, including key management personnel.
FAQs About Enfuse Solutions Limited Ipo
Enfuse Solutions Limited IPO will open on 15 Mar, 2024 and close on 19 Mar, 2024. Investors must apply within this period to participate.
The Enfuse Solutions Limited IPO price band is set between ₹91.00 and ₹96.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹115200.00.
The Enfuse Solutions Limited IPO shares are expected to be listed on 22 Mar, 2024, subject to regulatory approvals and final allotment.
You can track your Enfuse Solutions Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Enfuse Solutions Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.