Enfuse Solutions Limited
IPO Details
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₹40(41.67%)
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Enfuse Solutions Limited's completed its IPO journey with a successful listing on NSE on Mar 22, 2024. The public offering mobilized 23,37,600 Shares in total capital, comprising 23,37,600 Shares in fresh equity.
The offering was conducted within the price band of ₹91 to ₹96, with minimum application lots of 1200 shares. Investor participation during the Mar 15, 2024 to Mar 19, 2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on Mar 20, 2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Enfuse Solutions Limited, established in 2017, is a leading provider of integrated digital solutions, specializing in data management & analytics, e-commerce & digital services, machine learning & artificial intelligence, and edtech & technology solutions. With a strong commitment to innovation, the company enhances business decision-making through data-driven insights, optimizes digital platforms for seamless user experiences, and pioneers AI-driven advancements across industries. Operating from two delivery centers in Maharashtra, Enfuse Solutions serves both domestic and international markets, including the USA, Ireland, Netherlands, and Canada. Supported by a dedicated workforce of 433 employees as of November 30, 2023, the company continues to shape the digital landscape, empowering businesses and educational institutions with cutting-edge technological solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Leadership and Skilled Workforce: Strong leadership and a well-trained employee base enable innovation, high-quality service delivery, and adaptability in a dynamic market.
- Geographical Revenue Diversification: Operating across multiple global markets (India, USA, Ireland, Netherlands, Canada) reduces reliance on a single region, enhancing stability against economic fluctuations.
- Diverse Service Portfolio: A broad range of professional and technical services in data, AI, e-commerce, and edtech ensures market relevance, offering resilience against shifts in demand.
- Market Dependency Risk: A significant portion of revenue comes from the USA and the Netherlands. Any economic downturns or regulatory changes in these markets could negatively impact business performance.
- Foreign Exchange Volatility: Since a substantial share of revenue is in foreign currencies, fluctuations in exchange rates could reduce profitability and create earnings instability.
- Operational Flexibility Constraints: The company does not own its business premises, exposing it to potential lease disputes, rent hikes, or relocation challenges.
- Regulatory Compliance Risk: Non-compliance with certain statutory provisions could lead to legal penalties, reputational damage, and operational disruptions.
- Mran Yasin Ansari
- Mohammedk Lalmohammed Shaikh
- Rahul Mahendra Gandhi
- Zaynulabedin Mohmadbhai Mira
Enfuse Solutions Limited
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