Enfuse Solutions IPO : Know these 10 things before investing!

Enfuse Solutions IPO : The subscription period for the Enfuse Solutions IPO will begin on March 15 and end on March 19. The company has also fixed the price band of the IPO. Today in this article we will know in detail about Enfuse Solutions IPO GMP, price band, Lot Size, allotment, Listing, Review etc.

Enfuse Solutions IPO Review

Enfuse Solutions IPO Review

If you were also thinking of investing money in an IPO, then this is useful news for you because another company is coming with its IPO. The Enfuse Solutions IPO will open for subscription on Friday, March 15, 2024 and close on Tuesday, March 19, 2024. Also Read : Mother Name In Documents : If there is no mother’s name then the paper is not official.

Enfuse Solutions IPO is a book built issue of Rs 22.24 crore. This issue is completely fresh of 23.38 lakh shares.

InformationDetails
IPO DateMarch 15, 2024 to March 19, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹91 to ₹96 per share
Lot Size1200 Shares
Total Issue Size2,337,600 shares (aggregating up to ₹22.44 Cr)
Fresh Issue2,337,600 shares (aggregating up to ₹22.44 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding Pre-Issue6,510,000
Shareholding Post-Issue8,847,600
Market Maker Portion120,000 shares

Enfuse Solutions IPO Price

The price band of Enfuse Solutions IPO has been fixed at Rs 91 to Rs 96 per share. The face value of Enfuse Solutions shares is ₹10 per share. Enfuse Solutions IPO is an SME IPO. Similarly, Krystal Integrated Services IPO is open from today.

Enfuse Solutions IPO Lot Size

Enfuse Solutions IPO Review

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.

ApplicationLotsSharesAmount
Retail (Min)11200₹115,200
Retail (Max)11200₹115,200
HNI (Min)22,400₹230,400

Enfuse Solutions IPO Allotment

Shares will be allotted to investors who stake in the Enfuse Solutions IPO on Wednesday, March 20, 2024. Whereas refund will be given on Thursday, March 21, 2024. Did you know that even today you can invest in the AVP Infracon IPO? Also Read : Mother Name In Documents : If there is no mother’s name then the paper is not official.

IPO Open DateFriday, March 15, 2024
IPO Close DateTuesday, March 19, 2024
Basis of AllotmentWednesday, March 20, 2024
Initiation of RefundsThursday, March 21, 2024
Credit of Shares to DematThursday, March 21, 2024
Listing DateFriday, March 22, 2024
Cut-off time for UPI mandate confirmation5 PM on March 19, 2024

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 Mohammadbhai 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 CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Enfuse Solutions IPO GMP

Enfuse Solutions IPO Review

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.

About Enfuse Solutions Ltd

Enfuse Solutions Limited was established in 2017. The company provides integrated digital solutions in many sectors. These areas mainly include data management and analytics, e-com and digital services, machine learning, artificial intelligence and education technology.

Talking about the financial condition of the company, between the financial year ending March 31, 2023 and March 31, 2022, Enfuse Solutions Limited’s revenue increased by 2.1 percent and profit after tax increased by 47.76%. Also Read : Mother Name In Documents : If there is no mother’s name then the paper is not official.

Disclaimer

The information provided on Today Bites does not constitute investment advice. Please speak with your financial advisor before making any stock market investments.

Leave a Comment