IPO Details
Bidding Dates
15 Mar 24 - 19 Mar 24
Price Range ₹
91 - 96
Total Equity
₹ 22.44Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Mar 2024
Offer end
19 Mar 2024
Allotment
20 Mar 2024
Refund initiation
21 Mar 2024
Demat transfer
21 Mar 2024
Listing
22 Mar 2024
Offer start
15 Mar 2024
Offer end
19 Mar 2024
Allotment
20 Mar 2024
Refund initiation
21 Mar 2024
Demat transfer
21 Mar 2024
Listing
22 Mar 2024
About Company
Established in 2017, Enfuse Solutions Limited specializes in providing integrated digital solutions across various domains including data management and analytics, e-commerce and digital services, machine learning and artificial intelligence, as well as education and technology solutions. Operating in four distinct areas, namely Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions, the company focuses on leveraging data insights for informed decision-making, developing and optimizing digital platforms for seamless online experiences, offering innovative solutions in machine learning and AI, and enhancing the educational experience through technological solutions. With delivery centers located in Thane, Maharashtra, and Vikroli, Mumbai, Maharashtra, Enfuse Solutions Limited is dedicated to providing comprehensive digital solutions to its clients.
Year Founded
10-02-2017
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.58 |
| Share Capital | 6510000 | 6510000 |
Offer to Public
23,37,600.00 Cr
Project Details
- Repayment of certain Borrowings availed by the Company - 38.39cr
- To meet Working Capital requirements - 105cr
Objectives
- Repayment of certain Borrowings availed by the CompanyTo meet Working Capital requirements
- andGeneral Corporate Purpose.
Highlights
- Enfuse Solutions Limited offers a wide range of integrated digital solutions across various sectors, allowing the company to tap into multiple markets and revenue streams.
- By exporting services to countries like the US, Ireland, the Netherlands, and Canada, the company diversifies its client base and reduces dependency on any single market, thereby spreading risk.
- Relying heavily on cutting-edge technologies like machine learning and AI exposes the company to risks associated with rapid technological advancements, such as obsolescence or security vulnerabilities.
- The company's delivery centers in Maharashtra, India, strategically position it in a region known for its burgeoning tech industry, providing access to a skilled workforce and cost-effective resources
- With 448 employees, including key management personnel, the company benefits from a diverse talent pool, fostering creativity, collaboration, and expertise in various domains.
Challenges
- While Enfuse Solutions Limited exports services to multiple countries, it still heavily relies on its domestic market in India for revenue generation, making it vulnerable to fluctuations in the local economy
- The digital solutions market is highly competitive, with numerous players offering similar services. This competition could potentially affect the company's market share and pricing strategies
- With a focus on machine learning, artificial intelligence, and technology solutions, Enfuse Solutions Limited stays ahead of the curve in terms of technological advancements, allowing it to offer innovative solutions to its clients.
- Managing delivery centers in multiple locations may pose logistical challenges, including coordination, communication, and maintaining consistent quality standards across different sites.
- Operating in multiple countries means Enfuse Solutions Limited must navigate diverse regulatory frameworks, which could involve complex compliance requirements, legal challenges, and potential risks of non-compliance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 4,697.50 | 884.76 | 155.43 | 155.43 | 2.3876 |
| 2021 | 457.47 | 1.00 | 536.08 | 536.08 | 6.059 |
| 2022 | 881.84 | 1.00 | 155.43 | 155.43 | 2.3876 |
| 2023 | 1,148.63 | 1.00 | 155.43 | 155.43 | 2.3876 |
