The Euphoria Infotech date has been confirmed from January 19, 2024, and closes on January 24, 2024. Read the post to learn about Euphoria Infotech Limited IPO GMP.
Euphoria Infotech IPO has a fixed price of Rs 9.60 crores. The price range is from ₹96 to ₹100 per share. The minimum lot size for an application is 1200 shares. Retail investors demand a minimum investment of ₹120,000. HNIs can invest a minimum of ₹240,000 in two lots (2,400 shares each).
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Key Details Of Euphoria Infotech Limited IPO:
Bidding Dates
January 19-24
Price Range
₹96 to ₹100 per share
Face Value
₹10 per share
GMP
₹85
Euphoria Infotech IPO GMP
The Euphoria Infotech IPO GMP Today is ₹85.
Euphoria Infotech IPO Overview
The Euphoria Infotech India IPO is a book-built issuance for Rs 9.60 crore. The issue is totally a fresh issue of 9.6 lakh shares. The Euphoria Infotech India IPO will be up for subscriptions on January 19, 2024, ending on January 24, 2024. The allotment for the Euphoria Infotech India IPO is expected to be completed on Wednesday, January 24, 2024. Euphoria Infotech India’s initial public offering (IPO) will be listed on BSE SME on Monday, January 29, 2024.
Euphoria Infotech India’s IPO price range is ₹96 to ₹100 per share. The minimum lot size for an application is 1200 shares. Retail investors demand a minimum investment of ₹120,000. The minimum investment for HNI is 2 lots (2,400 shares) worth ₹240,000.
Euphoria Infotech IPO Details
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | [.] |
| 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 |
Euphoria Infotech India Limited Financial Information
| 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 | ||||
Euphoria Infotech India IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
Company Profile
Euphoria Infotech India Limited, founded in May 2001, is a full-service IT and IT solutions business based in Kolkata, West Bengal. The firm offers IT and IT solutions such as ERP, e-commerce, IoT, cloud-based tools, and data management. The company’s solutions are classified into five categories: bespoke software, e-commerce, IoT, artificial intelligence, and machine learning. The applications include online recruitment, application, urban local body services, university administration systems, and online ticket booking systems.
e-commerce, IoT-powered dashboards for wastewater treatment plants, and other industry-specific requirements. In fiscal years 2021, 2022, and 2023, the firm reported revenues ₹. 556.14 Lakhs, ₹. 493.87 Lakhs, and ₹. 737.56 Lakhs. Profit after tax for the same period is ₹. 23.91 Lakhs, ₹. 21.71 Lakhs, and ₹.129.71 Lakhs, respectively. As of May 31, 2023, the company has 29 employees across four departments: accounting, business development, software development, and legal and compliance. The firm employed 16 IT specialists on the same day to manage software development and project implementation.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | [email protected] |
| Website | masserv.com |
Contact Details
| Name | Euphoria Infotech India Limited |
| Phone number | +91 33 4602 1034 |
| Email ID | [email protected] |
| Website | euphoriainfotech.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Euphoria Infotech IPO FAQs
When Euphoria Infotech India IPO will open?
The Euphoria Infotech India IPO opens on January 19, 2024 and closes on January 23, 2024.
What is the lot size of Euphoria Infotech India IPO?
Euphoria Infotech India IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
When is Euphoria Infotech India IPO allotment?
The finalization of Basis of Allotment for Euphoria Infotech India IPO will be done on Wednesday, January 24, 2024, and the allotted shares will be credited to your demat account by Thursday, January 25, 2024.
When is Euphoria Infotech India IPO listing date?
The Euphoria Infotech India IPO listing date is not yet announced. The tentative date of Euphoria Infotech India IPO listing is Monday, January 29, 2024.
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