About the Company:
Enfuse Solutions Ltd engaged in business of providing integrated Digital solutions across various domains including (i) In Data Management & Analytics (ii) E-commerce & Digital Services (iii) Machine Learning & Artificial intelligence (iv) Edtech & Technology Solutions.
Company provides these service solutions by combining custom-designed data processes, delivery teams that include both generalists and domain specialists, and our in-house software to streamline and automate various processes.
Company works as consultants for various clients as per the terms of sub-contracting agreements entered with them.
Company has a diverse suite of offerings, spanning Data as a Service (DAAS) and software solutions, encompasses an AI platform for tagging audio, video, image, and documents, Edtech AI solutions, data annotation and curation platforms, data engineering, data science, cloud computing, and digital marketing.
Company has served various clients ranging from start-up enterprises to established companies, primarily consistingvof blue-chip companies operating in sectors such as Technology, BFSI (Banking, Financial Services, and Insurance), Retail, vFinancial Services (FinTech), Media and Entertainment, Health, Education and various other industries.
Recently, company had received work order for System Integrator for Computerization of PACS from the Commissioner for Co-operation & Registrar of Cooperative Societies, Maharashtra, for providing services like Operationalization of the software, Data digitization and migration, UAT and System Test, Setting up of support centres, Compliance reports etc. of Rs. 64.53 Crs.
Company’s revenue is generated from a combination of domestic operations within India and international endeavors, with a predominant share originating from our exports of services to countries like USA, Ireland, Netherland, Canada etc.
Company had generated around 83.47%, 77.72% and 63.58% of total revenue from export sales and 16.53%, 22.28% & 36.42% of our total revenue from domestic sales for the period ending fiscal year ending 2023, 2022 and 2021 respectively.
Company’s business operations caters to various domains like:
(i) In Data Management & Analytics, company organize and analyze data, providing tailored insights for informed decision-making such as Master data Management, Product information Management etc.
(ii) Ecommerce & Digital Services form a core area where company develops and optimizes digital platforms for seamless online experiences such as E-commerce platform management, content management, Digital marketing etc.
(iii) Machine Learning & AI represent company’s capabilities in advanced technologies, offering innovative solutions such as tagging/labelling, Transcription , Annotation etc.
(iv) Edtech & Technology Solutions focus on leveraging technology to enhance educational experiences and overall technological solutions such as live Proctoring, Record and review, Student Counselling etc.
Company’s Revenue Split from Various Services: (in Lakhs)
Management Team:
- Mr. Imran Yasin Ansari (Designation: Chairman & Managing Director)
- Mr. Mohammedk Lalmohammed Shaikh (Designation: Whole Time Director & Chief Financial Officer)
Objectives of the Issue:
Fresh Issue: (Rs.22.44 cr)
- Repayment of certain Borrowings availed by the Company
- To meet Working Capital requirements; and
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Repayment of certain Borrowings availed by the Company | 3.83 |
| To meet Working Capital requirements | 10.50 |
Positives for the Company:
Diversified revenue from multiple geographies.
- Company has diversified revenue from multiple geographical locations across India and from places outside India including USA, Ireland, Netherland, Canada etc.
- As an IT solution provider, company’s presence in multiple geographies as a service provider not only helps in expanding the client base but also helps us by keeping ourselves in tune with the latest technological advancements world-wide.
- Company is constantly adopting new technologies to further augment business expansion and client acquisition.
Diversified client base and revenue sources.
- Company serve a diverse mix of end markets across several industry sectors. Company serve a number of customers in different industries with variety of services, through our clients with whom we have entered into sub-contracting agreements.
- Company has served entrepreneurs ranging from start-up enterprises to established companies, operating in sectors such as Technology, BFSI (Banking, Financial Services, and Insurance), Retail, Financial Services (FinTech), Media and Entertainment, Health, Education and various other industries.
Wide range of professional and technical services.
- Company provides a wide range of services that cater to diverse business needs. Company’s offerings encompass Data Management & Analytics, E-commerce & Digital Services, Tagging Services, Proctoring Services, Machine Learning & AI, Edtech & Technology Solutions, and more.
- Company’s capabilities extend to developing and optimizing digital platforms for smooth online experiences, ensuring precise data categorization, facilitating secure online assessments, and harnessing advanced technologies like Machine Learning & AI.
- Additionally, company contributes to the educational sector by using technology to enhance learning experiences.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Dec 23 |
|---|---|---|---|---|
| Revenue | 17.20 | 25.56 | 26.10 | 28.05 |
| Net Profit | 1.55 | 1.98 | 2.92 | 3.22 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Enfuse Solutions Limited | 10 | 4.50 | 21.33 | 45.21% | 9.95 |
| eClerx Services Limited | 10 | 97.15 | 25.06 | 28.50% | 357.36 |
| Systango Technologies Limited | 10 | 12.76 | 26.76 | 22.70% | 42.02 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 15th March 2024 |
| Issue Closes on | 19th March 2024 |
| Issue Price | Rs.91 – 96 |
| Face Value | Rs.10 |
| Minimum Lot | 1200 Shares |
| Minimum Investment | Rs. 1,15,200 |
| Issue Constitutes | 26.42 % |
| Issue Size | Rs.22.44 cr |
| Market Cap | Rs.84.93 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 23,37,600 (Rs.22.44 cr) |
| Equity Shares Prior to the Issue | 65,10,000 |
| Equity Shares after the Issue | 88,47,600 |
Also Read : List of Upcoming IPO’s in India.
Also Read: List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 20th March 2024 |
| Initiation of Refunds | on or Before 21st March 2024 |
| Credit of Equity Shares: | on or Before 21st March 2024 |
| Listing Date: | on or Before 22nd March 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.50 | 21.33 | 45.21 | 9.95 |
| Company Contact Info: |
|---|
| Enfuse Solutions Ltd A/1503, Bonaventure Building No.5, Rangnath Kesar Road, Dahisar West, Mumbai 400068, Maharashtra, India. Tel No: +91-22-28118383 E-mail: cs@enfuse-solutions.com Website: www.enfuse-solutions.com |
| Registrar to the Issue: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India. Telephone: +91 22 6263 8200; Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India. Tel. No.: +91- 22- 4906 0000; Email: ib@hemsecurities.com Website: www.hemsecurities.com |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/Allotment
|
