About Enfuse Solutions Limited
Enfuse Solutions Limited is launching its IPO. The IPO opens for subscription on 15th March 2024 and will close on 19th March 2024.
Disclaimer: This stock will trade with a lot size of 1200 shares in the SME segment on listing.
What does Enfuse Solutions Limited do?
Incorporated in 2017, Enfuse Solutions Limited is engaged in the business of providing integrated Digital solutions across various domains including (i) Data Management & Analytics (ii) E-commerce & Digital Services (iii) Machine Learning & Artificial intelligence (iv) Edtech & Technology Solutions. The company exports services to countries like the USA, Ireland, Netherlands, and Canada, generating nearly 70-80% of its revenue from exports. It has two delivery centers, one in Thane, Maharashtra, and the other one in Vikroli, Mumbai.
Schedule/Timeline of Enfuse Solutions Limited IPO
| Issue Period | 15th March to 19th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 20, 2024 |
| Initiation of Refunds | March 21, 2024 |
| Credit of Shares | March 21, 2024 |
| Date of Listing | March 22, 2024 |
| Mandate end date | April 03, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 20, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 20, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Enfuse Solutions Limited IPO?
You can apply for the Enfuse Solutions Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Enfuse Solutions Limited IPO?
You can check the allotment status for the Enfuse Solutions Limited IPO on the website of the Registrar and Transfer agent.