Enfuse Solutions Limited

Company Profile
Company Name Enfuse Solutions Limited
Open Date 15-03-2024
Close Date 19-03-2024
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹91 to ₹96 per share
Issue Size 23,37,600 shares
Application Amount ₹1,15,200
Recommendation Risk Averse investors should wait and Risk Seekers should apply
Incorporated in 2017, Enfuse Solutions Limited has its registered office in Mumbai, Maharashtra, India. 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 analysing 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. As of December 31st 2023, the Company had 448 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 460.80 889.80 1164.71 2547.23
Net Assets 156.60 354.72 647.45 969.95
Total Borrowings - 234.08 242.09 905.75
Total Revenue 1720.26 2556.64 2610.42 2805.28
Profit After Tax 155.43 198.11 292.73 322.50

Tentative Timeline

Opening Date 15-03-2024
Closing Date 19-03-2024
Basis of Allotment 20-03-2024
Initiation of Refunds 21-03-2024
Credit of Shares to Demat 21-03-2024
Listing Date 22-03-2024

Objects of the Issue

Repayment of certain Borrowings availed by the Company.
To meet Working Capital requirements.
General Corporate Purpose.

Contact Information

Registered Office Enfuse Solutions Limited A/1503, Bonaventure Building No.5, Rangnath Kesar Road, Dahisar West Mumbai 400068
Phone +91-22-28118383
Email cs@enfuse-solutions.com
Website https://www.enfuse-solutions.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ib@hemsecurities.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.58%

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