Enfuse Solutions IPO allotment likely on March 20: Here’s how to check allotment status
Upstox
3 min read • Updated: March 20, 2024, 3:42 PM
Summary
Investors can check the allotment status of Enfuse Solutions IPO shares on the official website of the registrar of the public issue, Bigshare Services Pvt Ltd, as well as on the NSE portal. Enfuse Solution shares are expected to be listed on NSE Emerge on March 22.
Enfuse Solutions, a digital solutions provider, is set to finalise the basis of the allotment of shares of its initial public offer (IPO) on Wednesday, March 20.
Enfuse Solutions IPO share allotment will be finalised after the subscription closed on March 19 with an overwhelming 357 times subscription on the third and final day.
Subscribers are now eagerly waiting to see whether they have been allotted shares in the bidding process.
After the allotment, non-allottees of shares will receive their refunds on March 21. Successful bidders will have their shares credited to their Demat accounts on the same day. Shares of Enfuse Solutions are expected to be listed on the NSE SME platform, Emerge, on March 22.
The bidders, who participated in the IPO subscription, can check the allotment status of Enfuse Solutions shares on the official website of the registrar, Bigshare Services Pvt Ltd, as well as on the NSE portal.
Here’s how to check Enfuse Solutions IPO share allotment status
The share allotment status for the Enfuse Solutions IPO can be checked on the website of the registrar, Bigshare Services Pvt Ltd.
Follow these steps:
- Go to Bigshare Services website 'https://www.bigshareonline.com'
- Click 'IPO allotment status' on the home page
- Select a server shown on the next page
- Select Enfuse Solutions from the dropdown list of companies
- Enter Application No/CAF No/Beneficiary ID/PAN No.
- Enter captcha details
- Press 'Search' button
- IPO allotment status will appear on the screen.
Steps to check the IPO allotment status on NSE
IPO bidders should register themselves on the NSE website to know the share allotment status. They have to get a username and password first.
Here are the steps to check the allotment status on NSE:
- Go to NSE website - https://www.nseindia.com/
- Login with username and password
- Select company name from the dropdown list
- Verify PAN
- Fill IPO application No.
- Click 'Submit' button
Enfuse Solutions IPO subscription and other details
Enfuse Solutions IPO, a book-build issue worth ₹22.44 crore, comprised entirely a fresh issue of 23.38 lakh shares.
On the closing day of bidding, on Tuesday, investors submitted bids for 55,53,78,000 shares over 15,54,000 shares available for subscription.
Enfuse Solutions set aside 18.99% of the total shares for qualified institutional buyers, 14.27% for non-institutional investors, 33.21% for retail investors, and 28.39% for anchor investors. On March 14, 2024, the company raised ₹6.37 crore from anchor investors by allotting 6,63,600 shares.
Enfuse Solutions IPO price band was fixed at ₹91 to ₹96 per share, with a minimum lot size of 1,200 shares. Retail investors were required to invest a minimum amount of ₹1,15,200. High Net Worth Individuals (HNIs) had to invest in a minimum of 2 lots or 2,400 shares, totalling ₹2,30,400.
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