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economictimes.indiatimes.com / 2 years ago
Enfuse Solutions IPO: Check issue size, price band, GMP and other details
Enfuse Solutions opened for subscription earlier today and will close on March 19. The company aims to raise about Rs 22.2 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Enfuse Solutions
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108512480»>The company's business operations encompass various domains including in data management and analytics, e-commerce and digital services, machine learning and AI and edtech and technology solutions.
2) Industry overview
The IT and BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.
3) Enfuse Solutions IPO size
The IPO is entirely a fresh equity issue of 23.37 lakh shares and through the issue, the company aims to raise Rs 22.4 crore.
4) Enfuse Solutions IPO price band
The company is offering its shares at Rs 91-96 apiece, and investors can bid for 1,200 shares in 1 lot.
AVP Infracon IPO: Check issue size, price band, GMP and other details
5) Enfuse Solutions IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 38 crore and net profit of Rs 3.22 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for repayment of debt, working capital requirements and general corporate purposes.
7) Lead
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