Enfuse Solutions IPO vs Omfurn India FPO

Comparision between Enfuse Solutions IPO and Omfurn India FPO.

IPO Details

Enfuse Solutions IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Omfurn India FPO is a SME Book Built Issue proposed to list at NSE SME.

	Enfuse Solutions IPO	Omfurn India FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Gretex Share 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 Omfurn India FPO is up to ₹27.00 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Omfurn India FPO is ₹75.00 per share.

	Enfuse Solutions IPO	Omfurn India FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹91.00 per share	₹71.00 per share
Issue Price (Upper)	₹96.00 per share	₹75.00 per share
Issue Price (Final)	₹96.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2400 shares
Fresh Issue Size	23,37,600 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹22.44 Cr	up to ₹27.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,37,600 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹22.44 Cr	up to ₹27.00 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of Enfuse Solutions IPO and Omfurn India FPO is Mar 19, 2024, and Mar 22, 2024, respectively.

	Enfuse Solutions IPO	Omfurn India FPO
Anchor Bid Date	Mar 14, 2024	Mar 19, 2024
Issue Open	Mar 15, 2024	Mar 20, 2024
Issue Close	Mar 19, 2024	Mar 22, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 26, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 27, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 27, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 28, 2024
Anchor Lockin End date 1	Apr 19, 2024	Apr 25, 2024
Anchor Lockin End date 2	Jun 18, 2024	Jun 24, 2024

Financials

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Omfurn India FPO P/E ratio of 14.78.

Enfuse Solutions IPO

Omfurn India FPO

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

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% 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	6,825.97	5,716.59	4,766.30	4,665.35
Revenue	4,474.78	7,108.10	3,229.79	2,184.54
Profit After Tax	289.16	414.87	59.81	-99.41
Net Worth	2,862.95	2,573.79	2,158.92	2,099.11
Reserves and Surplus	2,181.75	1,892.59	1,477.72	1,417.91
Total Borrowing	1,890.41	1,138.10	1,595.16	1,585.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

73.40%

Promoter Shareholding (Post-Issue)

73.58%

50.96%

P/E Ratio

21.35

14.78

Market Cap

₹84.94 Cr.

₹88.31 Cr.

ROE

39.88%%

10.10%%

ROCE

24.05%%

10.28%%

Debt/Equity

EPS

₹4.50

₹5.08

RoNW

33.25%%

10.10%%

Shares Offered

In the Enfuse Solutions IPO retail investors (RII) are offered 7,76,400 shares while in Omfurn India FPO retail investors are offered 7,76,400 shares. Qualified institutional buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 11,73,600 shares in Omfurn India FPO.

	Enfuse Solutions IPO	Omfurn India FPO
Anchor Investor Reserveration	6,63,600 shares	5,35,200 shares
Market Maker Reserveration	1,20,000 shares	1,80,000 shares
QIB	4,44,000 shares	11,73,600 shares
NII	3,33,600 shares	5,13,600 shares
RII	7,76,400 shares	11,97,600 shares
Employee	0 shares	0 shares
Others
Total	15,54,000 shares	28,84,800 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Omfurn India FPO subscribed 3.57x.

	Enfuse Solutions IPO	Omfurn India FPO
QIB (times)	99.97x	1.00x
NII (times)	953.22x	3.02x
Big NII (times)
Small NII (times)
RII (times)	248.42x	6.33x
Employee (times)
Other (times)
Total (times)	357.31x	3.57x

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