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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 ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,15,200 (1200 shares). The minimum lot size investment for 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 Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹96 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,60,000 shares (aggregating up to ₹9.60 Cr) |
| Reserved for Market Maker | 48,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.4800 Cr) |
| Net Offered to Public | 9,12,000 shares (aggregating up to ₹9.12 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 19,41,860 shares |
| Share Holding Post Issue | 29,01,860 shares |
Euphoria Infotech India IPO offers total 9,60,000 shares. Out of which 27,600 (2.88%) allocated to QIB, 2,65,200 (27.63%) allocated to NII, 6,19,200 (64.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.00%) |
| QIB Shares Offered | 27,600 (2.88%) |
| NII (HNI) Shares Offered | 2,65,200 (27.63%) |
| Retail Shares Offered | 6,19,200 (64.50%) |
| Total Shares Offered | 9,60,000 (100.00%) |
Euphoria Infotech IPO opens on January 19, 2024, and closes on January 24, 2024.
| IPO Open Date | Fri, Jan 19, 2024 |
| IPO Close Date | Wed, Jan 24, 2024 |
| Tentative Allotment | Thu, Jan 25, 2024 |
| Initiation of Refunds | Mon, Jan 29, 2024 |
| Credit of Shares to Demat | Mon, Jan 29, 2024 |
| Tentative Listing Date | Tue, Jan 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 24, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| 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 | ||||
The market capitalization of Euphoria Infotech IPO is ₹29.02 Cr.
| KPI | Values |
|---|---|
| ROE | 38% |
| ROCE | 49% |
| Debt/Equity | 0.38 |
| RoNW | 31.62% |
| Price to Book Value | 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...
| Listing Date | January 30, 2024 |
| BSE Script Code | 544094 |
| NSE Symbol | |
| ISIN | INE0PYT01018 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹180.50 |
| High | ₹199.50 |
| Last Trade | ₹181.51 |
Euphoria Infotech (India) Ltd.
Bengal Eco Intelligent Park, Building, Tower I,
EM-3, Unit 16, 13th Floor
Sector V, Salt Lake City
Kolkata, West Bengal, 700091
Phone: +91 33 4602 1034
Email: cs@euphoriainfotech.com
Website: https://www.euphoriainfotech.com/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Euphoria Infotech IPO is a SME IPO of 9,60,000 equity shares of the face value of ₹10 aggregating up to ₹9.60 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on January 19, 2024, and closes on January 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 January 19, 2024 and closes on January 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 Monday, January 29, 2024. Check the Euphoria Infotech IPO allotment status.
The Euphoria Infotech IPO listing date is on Tuesday, January 30, 2024.
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