Enfuse Solutions Limited IPO
Enfuse Solutions Limited IPO
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Enfuse Solutions Limited's completed its IPO journey with a successful listing on NSE on 22-03-2024. 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 15-03-2024 to 19-03-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 20-03-2024, 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 IPO About Company
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."
Enfuse Solutions IPO Strength Factors
- 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.
Enfuse Solutions IPO Risk Factors
- 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.
Enfuse Solutions IPO Lead Manager(s)
- Hem Securities Limited
Enfuse Solutions IPO Promoter(s)
- Mran Yasin Ansari
- Mohammedk Lalmohammed Shaikh
- Rahul Mahendra Gandhi
- Zaynulabedin Mohmadbhai Mira
Enfuse Solutions IPO FAQs
Enfuse Solutions Limited IPO subscribed 357.39 times. The public issue subscribed 248.42 times in the retail category,99.97times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:36:40 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Enfuse Solutions IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Enfuse Solutions IPO FAQs
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