Enfuse Solutions IPO vs Naman In-Store (India) IPO

Comparision between Enfuse Solutions IPO and Naman In-Store (India) IPO.

IPO Details

Enfuse Solutions IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Naman In-Store (India) IPO is a SME Book Built Issue proposed to list at NSE SME.

	Enfuse Solutions IPO	Naman In-Store (India) IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Enfuse Solutions IPO is up to ₹22.44 Cr whereas the issue size of the Naman In-Store (India) IPO is up to ₹25.35 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Naman In-Store (India) IPO is ₹89.00 per share.

	Enfuse Solutions IPO	Naman In-Store (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹91.00 per share	₹84.00 per share
Issue Price (Upper)	₹96.00 per share	₹89.00 per share
Issue Price (Final)	₹96.00 per share	₹89.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	23,37,600 shares	28,48,000 shares
Fresh Issue Size (Amount)	up to ₹22.44 Cr	up to ₹25.35 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,37,600 shares	28,48,000 shares
Issue Size Total (Amount)	up to ₹22.44 Cr	up to ₹25.35 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Naman In-Store (India) IPO opens on Mar 22, 2024. The closing date of Enfuse Solutions IPO and Naman In-Store (India) IPO is Mar 19, 2024, and Mar 27, 2024, respectively.

	Enfuse Solutions IPO	Naman In-Store (India) IPO
Anchor Bid Date	Mar 14, 2024	Mar 21, 2024
Issue Open	Mar 15, 2024	Mar 22, 2024
Issue Close	Mar 19, 2024	Mar 27, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 28, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Apr 01, 2024
Credit of Share (Tentative)	Mar 21, 2024	Apr 01, 2024
Listing date (Tentative)	Mar 22, 2024	Apr 02, 2024
Anchor Lockin End date 1	Apr 19, 2024	Apr 27, 2024
Anchor Lockin End date 2	Jun 18, 2024	Jun 26, 2024

Financials

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Naman In-Store (India) IPO P/E ratio of 17.95.

Enfuse Solutions IPO

Naman In-Store (India) IPO

Financial

Enfuse Solutions Limited Financial Information (Restated)

Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,547.23	1,164.71	889.80	460.80
Revenue	2,805.28	2,610.42	2,556.64	1,720.26
Profit After Tax	322.50	292.73	198.11	155.43
Net Worth	969.95	646.45	353.72	155.60
Reserves and Surplus	318.95
Total Borrowing	905.75	242.09	234.08
Amount in ₹ Lakhs

Naman In-Store (India) Limited Financial Information (Restated)

Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets		5,598.94	3,074.09	1,693.00
Revenue	7,929.71	14,993.50	5,108.94	1,341.28
Profit After Tax	618.89	381.71	21.25	5.08
Net Worth	1,203.48	584.59	202.88	131.64
Reserves and Surplus		488.94	53.48	41.64
Total Borrowing	3,166.06	2,944.09	1,883.91	1,023.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100.00

Promoter Shareholding (Post-Issue)

73.58%

P/E Ratio

21.35

17.95

Market Cap

₹84.94 Cr.

₹93.88 Cr.

ROE

39.88%%

69.22%%

ROCE

24.05%%

24.51%%

Debt/Equity

EPS

₹4.50

₹4.96

RoNW

33.25%%

51.42%%

Shares Offered

In the Enfuse Solutions IPO retail investors (RII) are offered 7,76,400 shares while in Naman In-Store (India) IPO retail investors are offered 7,76,400 shares. Qualified institutional buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 5,40,800 shares in Naman In-Store (India) IPO.

	Enfuse Solutions IPO	Naman In-Store (India) IPO
Anchor Investor Reserveration	6,63,600 shares	8,11,200 shares
Market Maker Reserveration	1,20,000 shares	1,42,400 shares
QIB	4,44,000 shares	5,40,800 shares
NII	3,33,600 shares	4,06,400 shares
RII	7,76,400 shares	9,47,200 shares
Employee	0 shares	0 shares
Others
Total	15,54,000 shares	18,94,400 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Naman In-Store (India) IPO subscribed 309.03x.

	Enfuse Solutions IPO	Naman In-Store (India) IPO
QIB (times)	99.97x	109.75x
NII (times)	953.22x	528.12x
Big NII (times)
Small NII (times)
RII (times)	248.42x	328.80x
Employee (times)
Other (times)
Total (times)	357.31x	309.03x

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Signoria Creation IPO	Enser Communications IPO
Pratham EPC Projects IPO	Enfuse Solutions IPO

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