Bookbuilding IPO | ₹10 Cr | Listed at BSE SME | Fri, Jan 19, 2024 - Wed, Jan 24, 2024
Euphoria Infotech IPO is a book build issue of ₹9.60 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹9.60 crore.
Euphoria Infotech IPO bidding started from Jan 19, 2024 and ended on Jan 24, 2024. The allotment for Euphoria Infotech IPO was finalized on Jan 25, 2024. The shares got listed on BSE SME on Jan 30, 2024.
Euphoria Infotech IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Khandwala Securities Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Euphoria Infotech IPO RHP for detailed Information.
IPO Open
Fri, Jan 19, 2024
IPO Close
Wed, Jan 24, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹29.02 Cr
| IPO Date | 19 to 24 Jan, 2024 |
| Listed on | Tue, Jan 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 9,60,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 48,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.4800 Cr) |
| Fresh Issue (Ex Market Maker) | 9,12,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 9,12,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 19,41,860 shares |
| Share Holding Post Issue | 29,01,860 shares |
| BSE Script Code | 544094 |
| ISIN | INE0PYT01018 |
Euphoria Infotech IPO comprises a total issue size of 9,60,000 shares. The net offer to the public is 9,12,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 27,600 (3.03%) are allocated to QIB, 2,65,200 (29.08%) allocated to NII 6,19,200 (67.89%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,600 | 3.03% | 2.88% |
| NII (HNI) Shares Offered | 2,65,200 | 29.08% | 27.63% |
| Retail Shares Offered | 6,19,200 | 67.89% | 64.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.00% | |
| Total Shares Offered | 9,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 9.66 | 8.33 | 6.27 | 7.10 |
| Total Income | 3.66 | 7.38 | 4.94 | 5.56 |
| Profit After Tax | 0.60 | 1.30 | 0.20 | 0.26 |
| NET Worth | 4.71 | 4.10 | 2.80 | 2.61 |
| Reserves and Surplus | 2.76 | 2.16 | 2.79 | 2.59 |
| Total Borrowing | 2.13 | 1.55 | 1.23 | 1.20 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital | 6.83 |
| 2 | General Corporate Expenses | 1.15 |
| KPI | |
|---|---|
| ROE | 38% |
| ROCE | 49% |
| Debt/Equity | 0.38 |
| RoNW | 31.62% |
| PAT Margin | 17.58% |
| Price to Book Value | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.68 | 4.17 |
| P/E (x) | 14.97 | 23.99 |
| Promoter Holding | 100.00% | |
| Market Cap | ₹29.02 Cr. |
The Euphoria Infotech India IPO is subscribed 383.86 times on January 24, 2024 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 413.26 | 27,600 | 1,14,06,000 |
| NII* | 280.88 | 2,65,200 | 7,44,90,000 |
| Retail | 426.65 | 6,19,200 | 26,41,81,200 |
| Total | 383.86 | 9,12,000 | 35,00,77,200 |
Total Application : 2,35,076
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Auditors, Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.29 |
| 2 | Advertising and marketing expenses | 0.06 |
| 3 | Printing & Stationery, Distribution, Postage | 0.02 |
| 4 | Brokerage, selling commission and upload fees. | 1.20 |
| 5 | Regulatory and other statutory expenses including Listing Fee | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹180.50 |
| High | ₹199.50 |
| Last Trade | ₹181.51 |
Lead Manager Reports
Euphoria Infotech IPO is a SME IPO of 9,60,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jan 19, 2024, and closes on Wed, Jan 24, 2024.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Euphoria Infotech IPO using UPI as a payment gateway. Zerodha customers can apply in Euphoria Infotech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euphoria Infotech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euphoria Infotech IPO opens on Fri, Jan 19, 2024 and closes on Wed, Jan 24, 2024.
Euphoria Infotech IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Euphoria Infotech IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Euphoria Infotech IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Mon, Jan 29, 2024. Check the Euphoria Infotech IPO allotment status.
The Euphoria Infotech IPO listing date is on Tue, Jan 30, 2024.
