What is the issue size of Enfuse Solutions Limited IPO?

The issue size of the Enfuse Solutions Limited IPO is Rs. 22.44 cr.

What is 'pre-apply' for Enfuse Solutions Limited IPO?

Pre-apply will alow you to apply for the Enfuse Solutions Limited IPO 2 days before the subscription period starts.

If I pre-apply for Enfuse Solutions Limited IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Enfuse Solutions Limited IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

Enfuse Solutions IPO

Enfuse Solutions Limited

₹1,09,200 /1200 sharesMinimum Investment

Enfuse Solutions IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹96.00₹115.00₹19.00 (19.79%)
Enfuse Solutions IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 Mar ‘24 - 19 Mar ‘24₹1,09,2001,200₹91 - ₹96
Issue SizeIPO Doc
22.44CrRHP PDF
About Enfuse SolutionsEnfuse Solutions Limited is an integrated digital solutions provider across domains like Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions. Within Data Management & Analytics, the company focuses on analyzing data to facilitate informed decision-making. E-commerce & Digital Services is focused on developing and optimizing digital platforms to ensure smooth online experiences. Through Machine Learning & AI, the company offers cutting-edge solutions, while Edtech & Technology Solutions segment is aimed at improving educational experiences and providing technological solutions.
Both of the company’s delivery centres are located in Maharashtra. It generates revenue from operations through services offered domestically in India and exports services offered in countries like the USA, Ireland, Netherlands, and Canada.;
Parent Organisation
Enfuse Solutions Limited
Founded
2017
Managing Director
Mr. Imran Yasin Ansari
Strengths & Risks
The company generates revenues from multiple geographies including India, USA, Netherlands, Ireland, Canada, Italy, Israel, and the UK. 
The company’s client base is spread across sectors like Technology, BFSI (Banking, Financial Services, and Insurance), Retail, Financial Services (FinTech), Media and Entertainment, Health, Education, etc
The company reported revenue from operations of Rs. 17.20 cr, Rs. 25.54 cr, and Rs. 26.09 cr in FY 2021, 2022 and 2023 respectively. In the same time periods, it reported Profit after Tax of Rs. 1.55 cr, Rs. 1.98 cr and Rs. 2.93 cr respectively. 
The company relies heavily on a select few customers, constituting a significant portion of its revenues. During the six months' period ending September 2023, as well as the fiscal years concluding on March 31, 2023, and March 31, 2022, the company's top three customers contributed significantly to its revenue from operations, accounting for 59.94%, 78.60%, and 99.93%, respectively. Furthermore, it does not have long-term commitments from customers.
The company operates in India and other countries like the USA, Netherlands, Ireland, Canada, facing various legal rules. These include import/export controls, content regulations, trade restrictions, environmental guidelines, taxes, and more. These rules differ between locations and cover areas like data protection, labor relations
The company relies on third-party data centers worldwide, some in disaster-prone areas, facing risks like natural disasters, cybersecurity issues, and human errors. While having business interruption insurance, it may not fully cover potential losses or harm to future growth in case of service interruptions or damages to data centers.
The company's total outstanding debt as of September 30, 2023, stood at Rs. 7.20 cr.
The company has obtained unsecured loans that lenders can recall at any time, with or without an event of default, on short notice. As of September 30, 2023, the total amount of such loans was Rs. 3.27 cr.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹91 - 96₹2 Lakh
High Networth Individual₹91 - 96₹2 - 5 Lakh
For Enfuse Solutions IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹96.00	₹115.00	₹19.00 (19.79%)

Bidding Dates	Min. Investment	Lot Size	Price Range
15 Mar ‘24 - 19 Mar ‘24	₹1,09,200	1,200	₹91 - ₹96

Issue Size	IPO Doc
22.44Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹91 - 96	₹2 Lakh
High Networth Individual	₹91 - 96	₹2 - 5 Lakh

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