Euphoria Infotech IPO vs Maxposure IPO

Comparison between Euphoria Infotech IPO and Maxposure IPO.

IPO Details

Euphoria Infotech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Maxposure IPO is a SME Bookbuilding proposed to list at NSE SME.

	Euphoria Infotech IPO	Maxposure IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Khandwala Securities Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	MAS Services Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Euphoria Infotech IPO is up to ₹9.12 Cr whereas the issue size of the Maxposure IPO is up to ₹19.03 Cr. The final issue price of Euphoria Infotech IPO is ₹100.00 per share and of Maxposure IPO is ₹33.00 per share.

	Euphoria Infotech IPO	Maxposure IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹96.00 per share	₹31.00 per share
Issue Price (Upper)	₹100.00 per share	₹33.00 per share
Issue Price (Final)	₹100.00 per share	₹33.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	4000 shares
Fresh Issue Size	9,12,000 shares	57,68,000 shares
Fresh Issue Size (Amount)	up to ₹9.12 Cr	up to ₹19.03 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	9,12,000 shares	57,68,000 shares
Issue Size Total (Amount)	up to ₹9.12 Cr	up to ₹19.03 Cr

IPO Timetable

Euphoria Infotech IPO opens on Jan 19, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of Euphoria Infotech IPO and Maxposure IPO is Jan 24, 2024, and Jan 17, 2024, respectively.

	Euphoria Infotech IPO	Maxposure IPO
Anchor Bid Date		Jan 12, 2024
Issue Open	Jan 19, 2024	Jan 15, 2024
Issue Close	Jan 24, 2024	Jan 17, 2024
Basis Of Allotment (Tentative)	Jan 25, 2024	Jan 18, 2024
Initiation of Refunds (Tentative)	Jan 29, 2024	Jan 19, 2024
Credit of Share (Tentative)	Jan 29, 2024	Jan 19, 2024
Listing date (Tentative)	Jan 30, 2024	Jan 23, 2024
Anchor Lockin End date 1		Feb 17, 2024
Anchor Lockin End date 2		Apr 17, 2024

Financials & KPIs

Euphoria Infotech IPO P/E ratio is 14.97, as compared to Maxposure IPO P/E ratio of 12.42.

Euphoria Infotech IPO

Maxposure IPO

Financials

Euphoria Infotech India Limited Financial Information (Restated Consolidated)

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
Total Income	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

Maxposure Limited Financial Information (Restated)

Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% 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	5,355.21	4,878.51	4,485.18	4,009.97
Total Income	2,059.05	3,355.55	3,321.31	2,247.27
Profit After Tax	370.83	441.21	34.96	36.22
Net Worth	3,478.21	3,114.34	2,666.17	2,631.21
Reserves and Surplus	3,146.19	2,775.36	2,334.15	2,299.19
Total Borrowing	462.31	333.76	293.65	418.52
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

84.35

Promoter Shareholding (Post-Issue)

61.58

P/E Ratio

14.97

12.42

Market Cap

₹29.02 Cr.

₹75.05 Cr.

ROE

38%

14.39%

ROCE

49%

19.55%

Debt/Equity

0.38

0.03

EPS

₹6.68

₹2.66

RoNW

31.62%

14.20%

Shares Offered

In the Euphoria Infotech IPO Retail Individual Investors (RII) are offered 6,19,200 shares while in Maxposure IPO retail investors are offered 6,19,200 shares. Qualified Institutional Buyers (QIB) are offered 27,600 shares in Euphoria Infotech IPO and 11,40,000 shares in Maxposure IPO.

	Euphoria Infotech IPO	Maxposure IPO
Anchor Investor Reserveration		17,00,000 shares
Market Maker Reserveration	48,000 shares	3,72,000 shares
QIB	27,600 shares	11,40,000 shares
NII	2,65,200 shares	8,80,000 shares
RII	6,19,200 shares	20,48,000 shares
Employee
Others
Total	9,12,000 shares	57,68,000 shares

Bids Received (Subscription)

Euphoria Infotech IPO subscribed 383.86x in total, whereas Maxposure IPO subscribed 987.47x.

	Euphoria Infotech IPO	Maxposure IPO
QIB (times)	413.26x	162.35x
NII (times)	280.88x	1,947.55x
Big NII (times)
Small NII (times)
RII (times)	426.65x	1,034.23x
Employee (times)
Other (times)
Total (times)	383.86x	987.47x

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