Enfuse Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Enfuse

CMP

119.75

+2.75 (2.35%)

  • DRHP
₹96

Offer Price

₹ 22.44 Cr

Issue Size

₹ 1,15,200

Min Investment

1,200

Lot size

Time Line

  • 15
    Mar 2024
    Open
  • 19
    Mar 2024
    Close
  • 20
    Mar 2024
    Finalisation of Basis of Allotment
  • 21
    Mar 2024
    Initiation of Refunds
  • 21
    Mar 2024
    Transfer of Shares to Demat Account
  • 22
    Mar 2024
    Listing Date

Objects of the Offer

  • To Maintain and Expand its Current Business Relationships.

  • To build professional organisation by recruiting and retaining highly-skilled employees.

  • Quality Assurance ensuring standardized quality of its services.

  • Diversified revenue from multiple geographies.

Products & Services

  • Data Management & Analytics, E-commerce & Digital Services, Machine Learning & AI, Edtech & Technology Solutions.

Strengths

  • Experienced Promoters along with qualified Employee base.

  • Diversified revenue from multiple geographies.

  • Diversified client base and revenue sources.

  • Wide range of professional and technical services.

Risks

  • The Company derives a significant portion of its revenues from clients located in the United States of America and Netherland and any adverse developments in these markets could adversely affect the company`s business.

  • The company is dependent on a few customers for a major part of the company is revenues. Further its do not have any long-term commitments from customers and any failure to continue the company is existing arrangements could adversely affect its business and results of operations.

  • Exchange rate fluctuations may adversely affect its results of operations as significant portion of the company`s revenues and some portion of its expenditure is denominated in foreign currencies.

  • Its business will suffer if the company fails to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focus.

  • Its success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where the Company operates is a highly skilled and technical employee intensive industry.

Company Promoters

Promoters Holding

Issue For IPO
26.42%
Pre Holding

100.00%

Post Holding

73.58%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 25.54 (48.50%) 26.10 (2.20%) 45.21 (-)
Gross Profit 25.54 (48.50%) 26.10 (2.20%) 45.21 (-)
Net Income 25.54 (48.50%) 26.10 (2.20%) 45.21 (-)
Assets 25.54 (48.50%) 26.10 (2.20%) 45.21 (-)
Liabilities 25.54 (48.50%) 26.10 (2.20%) 45.21 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Enfuse Solutions Ltd 26.10 2.93 8.90 2.43 45.21 0.00 6,474.50 1.88 0.27
Vertexplus Technologies Ltd 21.14 1.92 32.68 32.68 8.56 4.71 40.84 5.86 0.30
eClerx Services Ltd 2,647.90 488.82 2,287.74 2,287.74 28.50 98.76 357.36 21.36 0.00
Systango Technologies Ltd 52.34 13.99 69.41 69.41 22.69 12.76 42.02 20.15 0.01

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

A/1503 Bonaventure Building #5,
Rangnath Kesar Rd Dahisar West,
Mumbai - 400068
Phone : +91 22 2811 8383 Email : cs@enfuse-solutions.com www.enfuse-solutions.com

Offer Related Information

Initial public offer of upto 23,37,600* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Enfuse Solutions Limited ("The Company" or "The Issuer") at an issue price of Rs. 96 per equity share (including share premium of Rs. 86 per equity share) for cash, aggregating up to Rs. 22.44 crores ("Public Issue") out of which upto 1,20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 96 per equity share for cash, aggregating Rs. 1.15 crores will be reserved... More

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: