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Enfuse Solutions IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Enfuse Solutions Limited Day Wise IPO GMP Trend
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Enfuse Solutions Limited IPO GMP

The Enfuse Solutions IPO is a book-built offering valued at Rs 22.44 crores, comprising solely of 23.38 lakh fresh shares

The Enfuse Solutions IPO bidding commenced on March 15, 2024, and is set to conclude on March 19, 2024. Allotment for the IPO is anticipated to be determined by Wednesday, March 20, 2024. Enfuse Solutions IPO is scheduled to be listed on NSE SME with a tentative listing date of Friday, March 22, 2024.

The price range for the Enfuse Solutions IPO is fixed at ₹91 to ₹96 per share, with a minimum lot size of 1200 shares per application. Retail investors need to invest a minimum of ₹115,200, while High Net Worth Individuals (HNIs) are required to invest in 2 lots, totaling 2,400 shares, amounting to ₹230,400.

Objective: -

The Offer comprises a Fresh Issue of up to ~ 2337600 Equity Shares, aggregating up to ₹ 22.44 crore by Company.

The objects of the Issue are:

  • Repayment of certain Borrowings availed by the Company.
  • To meet Working Capital requirements.
  • General Corporate Purpose.

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