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Open
15 Mar 2024
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Close
19 Mar 2024
3
Allotment
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Listing
Fri, Mar 22, 2024
Price Band
₹91 to ₹96
Issue Size
23,37,600 shares (agg. up to ₹22 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Mar 22, 2024
Latest GMP
₹40
Est. Gain
41.67%
✦ AI Insight
GMP Trend
22-03-2024₹40Est. ₹136+41.67%
21-03-2024₹40Est. ₹136+41.67%
20-03-2024₹43Est. ₹139+44.79%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 119.59x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 25.47 | 11.65 | 8.90 | 4.61 |
| Total Income | 28.05 | 26.10 | 25.57 | 17.20 |
| Profit After Tax | 3.23 | 2.93 | 1.98 | 1.55 |
| NET Worth | 9.70 | 6.46 | 3.54 | 1.56 |
| Reserves and Surplus | 3.19 | |||
| Total Borrowing | 9.06 | 2.42 | 2.34 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Enser Communications Ltd. | SME | ₹16.17 Cr | ₹70 | 28.02 | ₹70.10 | +0.14% | ₹12.65 (-4.89%) |
| Euphoria Infotech (India) Ltd. | SME | ₹9.60 Cr | ₹100 | 14.97 | ₹181.51 | +81.51% | ₹27.40 (+0.74%) |
| Benchmark Computer Solutions Ltd. | SME | ₹12.24 Cr | ₹66 | 16.3 | ₹77.12 | +16.85% | ₹44.60 (-4.99%) |
| ROX Hi-Tech Ltd. | SME | ₹54.49 Cr | ₹83 | 9.11 | ₹141.75 | +70.78% | ₹36.00 (+4.96%) |
| Synoptics Technologies Ltd. | SME | ₹54.04 Cr | ₹237 | 25.32 | ₹226.10 | -4.60% | ₹72.20 (-5.00%) |
| Veefin Solutions Ltd. | SME | ₹46.73 Cr | ₹82 | 41.41 | ₹90.22 | +10.02% | ₹310.25 (-0.29%) |
| Sahana System Ltd. | SME | ₹32.74 Cr | ₹135 | 16.88 | ₹171.15 | +26.78% | ₹924.45 (+0.05%) |
| Sancode Technologies Ltd. | SME | ₹5.15 Cr | ₹47 | 10.71 | ₹60.80 | +29.36% | ₹376.35 (+1.99%) |
| BLS E-Services Ltd. | Mainboard | ₹309.29 Cr | ₹135 | 44.31 | ₹366.00 | +171.11% | ₹268.75 (-2.08%) |
| Tata Technologies Ltd. | Mainboard | ₹3,042.51 Cr | ₹500 | 32.53 | ₹1,313.00 | +162.60% | ₹765.55 (+0.83%) |
| Protean eGov Technologies Ltd. | Mainboard | ₹489.95 Cr | ₹792 | 29.91 | ₹883.00 | +11.49% | ₹588.95 (-0.30%) |
| Zaggle Prepaid Ocean Services Ltd. | Mainboard | ₹563.38 Cr | ₹164 | 66.67 | ₹158.35 | -3.45% | ₹210.53 (-0.59%) |
| Netweb Technologies India Ltd. | Mainboard | ₹631.00 Cr | ₹500 | 59.67 | ₹910.40 | +82.08% | ₹4,304.20 (-1.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain Borrowings availed by the Company | 3.84 |
| 2 | To meet Working Capital requirements | 10.50 |
| 3 | General Corporate Purpose | 5.41 |
About Enfuse Solutions IPO
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.+ Read More
Contact Details
Enfuse Solutions Ltd. AddressA/1503, Bonaventure BuildingNo.5, Rangnath Kesar RoadDahisar WestMumbai, Maharashtra, 400068+91-22-28118383cs@enfuse-solutions.comVisit Website