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Enfuse Solutions Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Enfuse Solutions Ltd IPO

Registered Office: A/1503 Bonaventure Building #5,Rangnath Kesar Rd Dahisar West , Mumbai - 400068 , Maharashtra , India.
Phone : +91 22 2811 8383   Fax:
Email :  cs@enfuse-solutions.com  
Website :  www.enfuse-solutions.com
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 for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of upto 22,17,600 equity shares of face value of (Rs)10 each, at an issue price of (Rs)96 per equity share for cash, aggregating upto (Rs)21.29 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.42% and 25.06% respectively of the post-issue paid-up equity share capital of the company. Price Band: (Rs)96 per equity share of face value of (Rs)10 each. The issue price is 9.6 times of the face value. Bid can be made for a minimum of 1200 equity shares and in multiples of 1200 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
15-Mar-24 19-Mar-24 (Rs)96.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 19.75
Hem Securities Ltd
Project Financed through Current Offer 22.44  
Post Issue Equity Share Capital 8.85  
Issue Price (Rs)96.00  
 
Projects
Repayment of certain borrowings availed by the companyGeneral corporate purposes
To meet working capital requirements
Promoted By
Imran Yasin Ansari  
Mohammedk Lalmohammed Shaikh  
Rahul Mahendra Gandhi  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd