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Euphoria Infotech India IPO is a book built issue of Rs 9.60 crores. The issue is entirely a fresh issue of 9.6 lakh shares.
Euphoria Infotech India IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for Euphoria Infotech India IPO was finalized on Thursday, January 25, 2024. The shares got listed on BSE SME on January 30, 2024.
Euphoria Infotech India IPO price band is set at ₹96 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Khandwala Securities Limited is the book running lead manager of the Euphoria Infotech India IPO, while Mas Services Limited is the registrar for the issue. The market maker for Euphoria Infotech India IPO is Giriraj Stock Broking.
Refer to Euphoria Infotech India IPO RHP for detailed information.
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 960,000 shares (aggregating up to ₹9.60 Cr) |
| Fresh Issue | 960,000 shares (aggregating up to ₹9.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,941,860 |
| Share holding post issue | 2,901,860 |
| Market Maker portion | 48,000 shares Giriraj Stock Broking |
Euphoria Infotech India IPO offers 960,000 shares. 27,600 (2.88%) to QIB, 265,200 (27.63%) to NII, 619,200 (64.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 48,000 (5.00%) |
| QIB Shares Offered | 27,600 (2.88%) |
| NII (HNI) Shares Offered | 265,200 (27.63%) |
| Retail Shares Offered | 619,200 (64.50%) |
| Total Shares Offered | 960,000 (100%) |
Euphoria Infotech India IPO opens on January 19, 2024, and closes on January 24, 2024.
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in May 2001, Euphoria Infotech India Limited is a full-stack IT and ITes solution, based out at Kolkata, West Bengal. The company offers IT and ITES solutions for ERP, E-commerce, IoT, cloud-based tools, and data management.
The company's solutions can be grouped into five categories: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning.
The applications include online recruitment, application, urban local body services, university management systems, online ticket booking systems, e-commerce, IoT-based dashboards for sewerage treatment plants and other industry-specific requirements.
As for fiscal years 2021, 2022, and 2023, the total revenues of the company were ₹. 556.14 Lakhs, ₹. 493.87 Lakhs, and ₹. 737.56 Lakhs, respectively. During the same periods, the Profit after Tax was ₹. 23.91 Lakhs, ₹. 21.71 Lakhs, and ₹.129.71 Lakhs, respectively.
As of May 31, 2023, the company employs a total of 29 people across various departments, including Accounts, Business Development, Software Development, and Legal and Compliance. Additionally, the company has contracted 16 IT professionals who are responsible for software development and project implementation as of the same date.
Euphoria Infotech India Limited's revenue increased by 49.34% and profit after tax (PAT) rose by 551.71% 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 | 966.21 | 832.64 | 626.71 | 709.59 |
| Revenue | 365.61 | 737.56 | 493.87 | 556.14 |
| Profit After Tax | 60.49 | 129.69 | 19.90 | 26.17 |
| Net Worth | 470.64 | 410.15 | 280.46 | 260.56 |
| Reserves and Surplus | 276.45 | 215.96 | 279.17 | 259.27 |
| Total Borrowing | 213.22 | 155.09 | 123.06 | 119.69 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Euphoria Infotech India IPO is Rs 29.02 Cr.
| KPI | Values |
|---|---|
| ROE | 38% |
| ROCE | 49% |
| Debt/Equity | 0.38 |
| RoNW | 31.62% |
| P/BV | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 4.17 |
| P/E (x) | 14.97 | 23.99 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
[Dilip Davda] The company is West Bengal centric IT and ITes solutions provider. It posted fluctuating top and bottom lines for the reported periods. The sudden boost in bottom lines for the last 18 months’ performance raises concern over its sustainability. The small equity capital post-IPO indicates longer gestation period for migration to mainboard. Based on annualized super FY2 earnings, the issue appears aggressively priced. There is no harm in skipping this risky bet. Read detail review...
The Euphoria Infotech India IPO is subscribed 383.86 times on January 24, 2024 7:02:00 PM. The public issue subscribed 426.65 times in the retail category, 413.26 times in the QIB category, and 280.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 413.26 |
| NII | 280.88 |
| Retail | 426.65 |
| Total | 383.86 |
Total Application : 235,076 (883.74 times)
| Listing Date | January 30, 2024 |
| BSE Script Code | 544094 |
| NSE Symbol | |
| ISIN | INE0PYT01018 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹100.00 |
| ₹190.00 |
| ₹180.50 |
| ₹199.50 |
| ₹181.51 |
Euphoria Infotech India Limited
Bengal Eco Intelligent Park, Building, Tower I,
EM-3, Unit 16, 13th Floor
Sector V, Salt Lake City, Kolkata 700091
Phone: +91 33 4602 1034
Email: cs@euphoriainfotech.com
Website: https://www.euphoriainfotech.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Euphoria Infotech India IPO is a SME IPO of 960,000 equity shares of the face value of ₹10 aggregating up to ₹9.60 Crores. The issue is priced at ₹96 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on January 19, 2024, and closes on January 24, 2024.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Euphoria Infotech India IPO using UPI as a payment gateway. Zerodha customers can apply in Euphoria Infotech India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euphoria Infotech India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euphoria Infotech India IPO opens on January 19, 2024 and closes on January 24, 2024.
Euphoria Infotech India IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Euphoria Infotech India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Euphoria Infotech India IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024. Check the Euphoria Infotech India IPO allotment status.
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