Enfuse Solutions Ltd - IPO

Enfuse Solutions Ltd IPO Details

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.

Objective of issue

Repayment of certain borrowings availed by the company. To meet working capital requirements. General corporate purposes.

Enfuse Solutions Ltd Contact Details

Enfuse Solutions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@enfuse-solutions.com

Website - www.enfuse-solutions.com