Enfuse Solutions Limited IPO

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At the forefront of technological innovation and digital transformation, the company stands as a beacon of excellence in providing integrated digital solutions across a diverse range of domains. Its expertise spans Data Management & Analytics, E-commerce & Digital Services, Machine Learning & Artificial Intelligence, and Edtech & Technology Solutions. Harnessing the power of custom-designed data processes, specialized delivery teams, and cutting-edge in-house software.

Core Domains and Services:

1. Data Management & Analytics: Specializing in organizing and analyzing vast datasets, the company delivers customized insights for informed decision-making. Its services in this domain include Master Data Management and Product Information Management, among others.

2. E-commerce & Digital Services: The company’s expertise in developing and optimizing digital platforms ensures seamless online experiences. This includes comprehensive management of E-commerce platforms, content management, and digital marketing strategies.

3. Machine Learning & Artificial Intelligence: At the forefront of AI and machine learning technologies, the company provides innovative solutions such as tagging/labelling, transcription, and annotation to drive efficiency and innovation.

4. Edtech & Technology Solutions: Leveraging technology to enhance educational experiences, the company offers solutions like live proctoring, record and review, and student counselling, aimed at transforming the educational landscape.

Clientele and Market Reach

The company’s client base spans start-up enterprises to established blue-chip companies across sectors like Technology, BFSI, Retail, FinTech, Media and Entertainment, Health, and Education. A significant milestone was the recent acquisition of a work order for System Integration for the Computerization of PACS from the Commissioner for Co-operation & Registrar of Cooperative Societies, Maharashtra, showcasing its capability in delivering large-scale projects.

Since its inception in 2019, with the first Delivery Centre in Mumbai, Maharashtra, the company has expanded its operations to include a second centre in Vikroli, Mumbai.

Objects of the Enfuse Solutions Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1.Repayment of certain Borrowings availed by the Company 2.To meet Working Capital requirements 3.General Corporate Purpose
DRHP of Enfuse Solutions Limited IPO
RHP of Enfuse Solutions Limited IPO

Enfuse Solutions Limited IPO Details:

Open Date: Mar 15 2024
Close Date: Mar 19 2024
Total Shares: 2,337,600
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Build Issue
Issue Size: 22.44 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ ₹91 to ₹96 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 22 2024

Promoters And Management:

Imran Yasin Ansari, is one of the Promoter and chairman & Managing Director of the Company. He has been associated with the Company since 2019. He has completed his Bachelor of commerce from University of Mumbai in the year 2000, He has a work experience of more than 17 years in the field of Technology Solution Industry. He has been instrumental in taking major policy decision of the Company. He is playing vital role in formulating business strategies and effective implementation of the same. Mohammedk Lalmohammed Shaik, is one of the Promoter and Whole Time Director & Chief Financial Officer of the Company. He completed his Bachelor of Commerce in the stream of Financial Accounting and Auditing (Specialization) from University of Mumbai in the year 2005 and Master of Information Management from University of Mumbai in the year 2012. He has a work experience of over 18 years in managing ITES/KPO, E-commerce Content Management, and AI/ML enablement, as well as expertise in Enterprise Data Management. Rahul Mahendra Gandhi, is one of the Promoter and Whole Time Director of the Company. He has completed his Master of Business Administration from Southern New Hampshire University (SNHU) in the year 2011. He has a work experience of more than 20 years in the field of logistics, contact center, and ITeS operations. He looks after the business development, Program Management, Customer relations management of the Company.

Financials of Enfuse Solutions Limited IPO:

Particular (In Lakh) Mar-21 Mar-22 Mar-23 9MFY24
Revenue from Operations 1,720 2,554 2,610 2,803
Employee Cost 903 1694 1680 1714
Other Expenses 596 536 428 539
EBITDA 221 324 502 550
EBIDTA Margin 12.85% 12.66% 19.07% 19.38%
Other income 0 2 0 2
Depreciation 13 50 83 82
Interest 0 6 22 35
Profit before tax 208 269 397 434
Tax 53 71 104 111
Net profit 155 198 293 323
NPM (%) 9.01% 7.75% 11.23% 11.52%

Comparison With Peers:

Name of the Companies Revenue (Cr) Profit (Cr) EPS P/E CMP MCap (Cr)
Enfuse Solutions Limited 26 2.9 3.29 29 96 85
Vertexplus Technologies Limited 21 1.8 3.5 62 155 85
eClerx Services Limited 2,648 489 99.7 23 2426 11,893
Systango Technologies Limited 52 14 9.5 26 313 460
*All the Data is as per 2023

Recommendation on Enfuse Solutions Limited IPO:

(To be updated)

Lead Manager of Enfuse Solutions Limited IPO:

  1. Hem Securities Limited

Registrar of Enfuse Solutions Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Enfuse Solutions Limited IPO:

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