Enfuse Solutions Limited (NSE SME)
Mar 15, 2024 - Mar 19, 2024
| Price | ₹91 - ₹96 |
| Premium | ₹40 |
|---|---|
| Lot size | 1200 |
| Allotment | Mar 20, 2024 |
| Listing | Mar 22, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 115200 | 647 |
| HNI | 2 | 2400 | 230400 | 278 |
Last updated on 19-Mar-2024 17:01:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 444000 | 44388000 | 99.97 |
| NIB | 333600 | 318115200 | 953.58 |
| RETAIL | 776400 | 192874800 | 248.42 |
| Total | 1554000 | 555378000 | 357.39 |
| Retail Apps | 160729 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹122.89 | @8% ₹140.45 | @9% ₹158.01 | @10% ₹175.56 | @11% ₹193.12 | @12% ₹210.68 |
Anchor Details
| Name of Anchor | No. of Shares | % Portion | Amount (cr) |
|---|---|---|---|
| India-Ahead Venture Fund | 172800 | 26.04% | 1.66 |
| Finavenue Capital Trust- Finavenue Growth Fund | 126000 | 18.99% | 1.21 |
| LC Radiance Fund VCC (Formerly Known as Lighthouse Radiance Venture Fund VCC) | 126000 | 18.99% | 1.21 |
| Benani Capital- Benani Capital Scheme 1 | 124800 | 18.80% | 1.20 |
| Moneywise Financial Services Pvt. Ltd. | 114000 | 17.18% | 1.09 |
| Total | 663600 | 100.00% | 6.37 |
Enfuse Solutions IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.21% | 776400 |
| NII (HNI) | 14.27% | 333600 |
| QIB | 18.99% | 444000 |
| Anchor | 28.39% | 663600 |
| Market Maker | 5.13% | 120000 |
| Total | 100% | 2337600 |
Enfuse Solutions Limited, founded in 2017, stands as a beacon of integrated digital solutions across diverse domains. With a multifaceted approach encompassing data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions, the company is at the forefront of technological innovation. Its commitment to excellence is evident in its strategic focus areas: analyzing data for informed decision-making, optimizing digital platforms for seamless online experiences, offering innovative machine learning & AI solutions, and enhancing educational experiences through technological solutions. Operating from two delivery centers in Maharashtra, India, Enfuse Solutions caters to both domestic and international markets, with a notable presence in the USA, Ireland, Netherlands, and Canada. With a dedicated workforce of 433 individuals as of November 30, 2023, the company continues to drive forward, leveraging its expertise to shape the digital landscape and empower businesses and educational institutions worldwide.
Enfuse Solutions IPO Details
| Issue Size | 2,337,600 shares (aggregating up to ₹22.44 Cr) |
| Fresh Issue | 2,337,600 shares (aggregating up to ₹22.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 6,510,000 |
| Share holding post issue | 8,847,600 |
| Market Maker portion | 120,000 shares Hem Finlease |
Key Performance Indicator
| KPI | Dec-23 | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| ROE | 39.88% | 24.22% | 58.42% | 77.49% |
| ROCE | 24.05% | 14.99% | 46.61% | 46.71% |
| RONW | 33.25% | 21.60% | 45.21% | 55.85% |
| D/E | 0.93 | 0.87 | 0.37 | 0.66 |
| EPS (basic & diluted) | 4.95 | 2.74 | 4.5 | 3.04 |
| P/BV | 7.57 | |||
| P/E (Pre IPO) | 21.35 |
Company Financials
Enfuse Solutions Limited Financial Information (Restated)
Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Assets | 2,547.23 | 1,164.71 | 889.80 | 460.80 |
| Revenue | 2,805.28 | 2,610.42 | 2,556.64 | 1,720.26 |
| Profit After Tax | 322.5 | 292.73 | 198.11 | 155.43 |
| Net Worth | 969.95 | 646.45 | 353.72 | 155.60 |
| Reserves and Surplus | 318.95 | - | - | - |
| Total Borrowing | 905.75 | 242.09 | 234.08 | - |
| Amount in Lakhs | ||||
Strength Factors
Experienced Promoters along with qualified Employee base: Enfuse Solutions Limited benefits from a seasoned team of promoters who bring years of industry expertise and leadership to the table. Complemented by a qualified and skilled employee base, the company possesses the necessary talent pool to drive innovation, deliver high-quality services, and adapt to evolving market demands effectively.
Diversified revenue from multiple geographies: The Company’s revenue streams are diversified across multiple geographies, including both domestic operations in India and export services to countries such as the USA, Ireland, Netherlands, and Canada. This geographical diversification mitigates risks associated with dependency on any single market, providing stability and resilience against fluctuations in regional economies or regulatory environments.
Wide range of professional and technical services: The company's strength lies in its ability to offer a wide range of professional and technical services across different domains, including data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. This diverse service portfolio enables Enfuse Solutions to address a myriad of client requirements, capture new market opportunities, and stay ahead of competitors by leveraging its expertise across multiple domains.
Risk Factors
Dependency on Specific Markets: Enfuse Solutions derives a significant portion of its revenues from clients located in the United States of America and the Netherlands. Any adverse developments or economic downturns in these markets could adversely affect the company's business operations, revenue streams, and overall financial performance.
Exchange Rate Fluctuations: Since a substantial portion of Enfuse Solutions' revenues and some expenses are denominated in foreign currencies, exchange rate fluctuations pose a significant risk. Adverse movements in exchange rates could impact the company's financial results, leading to reduced profitability and increased volatility in earnings.
Lack of Ownership of Business Premises: The Company does not own the registered office, corporate office, or delivery centers from where it conducts its business activities. This lack of ownership exposes Enfuse Solutions to risks such as potential rent increases, lease disputes, or limitations on operational flexibility, which could impact its ability to maintain and expand operations effectively.
Non-compliance with Statutory Provisions: Enfuse Solutions has not complied with some statutory provisions of the Companies Act. Such non-compliance may attract penalties and legal repercussions, potentially affecting the company's financial position and reputation. Continued failure to adhere to regulatory requirements could lead to further sanctions and operational disruptions, posing risks to the company's sustainability and growth prospects.
Enfuse Solutions IPO Lead Manager(s)
- Hem Securities Limited
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ib@hemsecurities.com
Website: https://ipo.bigshareonline.com/ipo_status.html