Enfuse Solutions IPO: Check Out Price Band, Issue Size & More

Enfuse Solutions has opened its initial public offering (IPO) for subscription on March 15, 2024. The offering will close on March 19, 2024. The price band for the IPO has been set in the range of Rs 91 to Rs 96 per share, with a face value of Rs 10 each. The lot size for Enfuse Solutions IPO consists of 1,200 shares. Investors can bid for a minimum of 1,200 shares and in multiples thereof.

About the Company

Enfuse Solutions offers integrated digital solutions across various fields including data management and analytics, e-commerce, digital services, machine learning, and artificial intelligence.

Price Band

The company has set the price band for the IPO in the range of Rs 91 to Rs 96 per share.

Issue Size

The IPO of Enfuse Solutions is valued at Rs 22.44 crore. It consists entirely of a fresh issue of 23,37,600 equity shares, each with a face value of Rs 10. There is no offer-for-sale component included in this IPO.

Also read: KP Green Engineering IPO: Top Things to Know Before Subscribing to The Issue

IPO Reserve Portion

Qualified Institutional Buyers (QIB): Not less than 50% of the shares in the public issue
Non-Institutional Investors (NII): Not less than 15% of the issue
Retail Investors: Not less than 35% of the offer

Company Financials

Objectives of the Issue

The company intends to utilise the net proceeds from the IPO for general corporate purposes, fulfilling working capital requirements, and repaying loans.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment.