The Euphoria Infotech date has been confirmed from January 19, 2024 and closes on January 23, 2024.
Euphoria Infotech Developers IPO is a fixed price issue of Rs 9.60 crores. The 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.
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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 is ₹85.
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 and end on January 23, 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 pricing range is set at ₹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-stack IT and ITes solution provider situated in Kolkata, West Bengal. The company provides IT and ITES solutions such as ERP, E-commerce, IoT, cloud-based tools, and data management. The company’s solutions are divided into five categories: customised software, e-commerce, IoT, artificial intelligence, and machine learning. The applications include online recruiting, application, urban local body services, university administration systems, online ticket booking systems,
e-commerce, IoT-based dashboards for wastewater treatment facilities, and other industry-specific needs. The company’s total revenues in fiscal years 2021, 2022, and 2023 were ₹. 556.14 Lakhs, ₹. 493.87 Lakhs, and ₹. 737.56 Lakhs, respectively. Profit after tax for the same periods was ₹. 23.91 Lakhs, ₹. 21.71 Lakhs, and ₹.129.71 Lakhs, respectively. As of May 31, 2023, the company employs 29 workers across four departments: accounts, business development, software development, and legal and compliance. As of the same day, the company had also hired 16 IT professionals to handle software development and project implementation.
Registrar Info
| Name | Mas Services Limited |
| Phone number | (011) 2610 4142 |
| Email ID | info@masserv.com |
| Website | masserv.com |
Contact Details
| Name | Euphoria Infotech India Limited |
| Phone number | +91 33 4602 1034 |
| Email ID | cs@euphoriainfotech.com |
| Website | euphoriainfotech.com |
IPO Strenghts
- 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.
