Enfuse Solutions IPO: Know these 10 things before investing!
Enfuse Solutions IPO: Enfuse Solutions is inviting people to buy shares in its company. This invitation starts on 15 March and ends on 19 March. They have decided what the price of each share will be. In this article, we will learn more about Enfuse Solutions’ invitation to buy shares. We’ll talk about how much each share is worth, how many shares you can buy at once if you’ve given shares, and when they start trading on the stock market.
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Enfuse Solutions IPO Details
Hey, if you’re thinking about investing in IPOs, here’s something you might like. Enfuse Solutions is offering shares from March 15 to March 19. This is your chance to be part of a new company’s journey! Enfuse Solutions is making something big with its IPO, which aims to raise Rs 22.24 crore. They are offering 23.38 lakh new shares for this exciting opportunity!
| Information | Details |
|---|---|
| IPO Date | March 15, 2024 to March 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Total 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 |
| Shareholding Pre-Issue | 6,510,000 |
| Shareholding Post-Issue | 8,847,600 |
| Market Maker Portion | 120,000 shares |
__________Enfuse Solutions IPO Details
Enfuse Solutions IPO Price
Enfuse Solutions is setting the price for its IPO between Rs 91 and Rs 96 per share. The original price of each share is ₹10. As you know, this is a small business IPO. Also, the IPO of Crystal Integrated Services is available from today.
Enfuse Solutions IPO Lot Size
The lot size of Enfuse Solutions IPO is 1200 shares. Retail investors will have to invest at least Rs 115,200 in the IPO. Whereas for HNI the minimum lot size investment is 2 lots, which amounts to Rs 230,400.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |
__________Enfuse Solutions IPO Lot Size
Enfuse Solutions IPO Allotment
Investors who purchased the Enfuse Solutions IPO will receive their shares on Wednesday, March 20, 2024. If necessary, refunds will be processed the next day, Thursday, March 21, 2024.
| IPO Open Date | Friday, March 15, 2024 |
| IPO Close Date | Tuesday, March 19, 2024 |
| Basis of Allotment | Wednesday, March 20, 2024 |
| Initiation of Refunds | Thursday, March 21, 2024 |
| Credit of Shares to Demat | Thursday, March 21, 2024 |
| Listing Date | Friday, March 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2024 |
__________Enfuse Solutions IPO Allotment
Enfuse Solutions IPO Listing
Enfuse Solutions IPO will be listed on the SME platform of the National Stock Exchange (NSE). The IPO listing will take place on Friday, March 22, 2024.
Hem Securities Ltd is the book-running lead manager to the Enfuse Solutions IPO, while BigShare Services Pvt Ltd is the registrar to the issue. And the market maker for the Enfuse Solutions IPO is Heim Finleys.
Company promoter
Imran Yasin Ansari, Mohammad Lal Mohammad Shaikh, Rahul Mahendra Gandhi, Jainulabdin Mohammad bhai Meera, and Farheen Imran Ansari are the promoters of the company. 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
| Investor Category | Shares Offered |
|---|---|
| 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 |
__________Company promoter
Enfuse Solutions IPO GMP
Enfuse Solutions IPO is trading at a premium of ₹60 in the gray market today, Investors Gain reports. That means investors can make a profit of 62% on the very first day. According to this, the listing of IPO can be done at Rs 156.
More About Enfuse Solutions Ltd.
Enfuse Solutions Limited started its journey in 2017. They are all about offering digital solutions that work seamlessly across different sectors. From data management to providing e-commerce and digital services, with expertise in machine learning, artificial intelligence, and education technology, they cover it all.
When it comes to their financial position, between March 31, 2022, and March 31, 2023, Enfuse Solutions Limited witnessed some good growth. Their revenue increased by 2.1%, showing continued progress. What’s even more impressive is that their profit after tax increased by 47.76%, which shows that they are not only growing but also thriving in the digital solutions market.
Disclaimer
We are not financial advisors, but here’s a friendly tip: The information provided here is not investment advice. If you’re thinking about getting into the stock market, it’s always a good idea to talk to your financial advisor first. They’ve got your help!
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