IPO Details
Bidding Dates
19 Jan '24 - 23 Jan '24
Minimum Investment
₹120,000 / 1 Lots ( 1200 Shares )
Price Range
₹96 - ₹100
Maximum Investment
₹120,000 / 1 Lots ( 1200 Shares )
Retail Discount
Not Applicable
Issue Size
₹9.60 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jan 19, 2024
IPO Closing Date
Jan 23, 2024
Basis of Allotment
Jan 24, 2024
Initiation of Refunds
Jan 25, 2024
Credit of Shares to Demat Account
Jan 25, 2024
IPO Listing Date
Jan 29, 2024
UPI Mandate Expiry Date
Jan 23, 2024
IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1Jan 19, 2024 |
0.22x | 21.01x | 61.05x | 24.62x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 0.22 |
| Non-Institutional Buyers | 21.01 |
| Retail Investors | 61.05 |
| Total | 24.62 |
About Company
Incorporated in 2001, Euphoria Infotech India Limited is a full-stack IT and ITes solution provider based out of Kolkata, West Bengal. It provides high-end IT and ITes solutions in the fields of Citizen-Centric Applications, Enterprise Resource Planning (ERP), E-Commerce, Application programming interface (API), Internet of Things (IoT), cloud-based tools and applications, data management, etc.
The company uses standard software practices or a customised software development model depending upon the client's requirements to provide its services efficiently.
The Indian IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. The Indian software product industry will reach US$ 100 billion by 2025. It would be supported by the focus of Indian companies on global expansion and enhancing their global delivery centres.
Euphoria Infotech India Limited IPO Details
Euphoria Infotech India Limited IPO Date
Retail investors can bid for the Euphoria Infotech India Limited IPO. The issue will be open from January 19, 2024, to January 23, 2024.
Euphoria Infotech India Limited IPO Price Band
Euphoria Infotech India Limited is a 100% fresh issue. The company is planning to issue 9,60,000 new shares and raise up to ₹9.60 crore under a fresh issue.
Euphoria Infotech India Limited IPO Lot Size
The lot size of the IPO is 1,200 shares, and the minimum investment of Euphoria Infotech India Limited IPO will be ₹1,20,000.
Euphoria Infotech India Limited IPO Objectives
The objectives of Euphoria Infotech India Limited IPO are listed below:
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, there are 2 listed peers whose business portfolio is comparable to the company.
- Infobeans Technologies Limited.
- Xchanging Solutions Limited.
How To Check the Allotment Status of the Euphoria Infotech India Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Euphoria Infotech India Limited
Registered office: Bengal Eco Intelligent Park, Building, Tower I, EM-3, Unit 16, 13th Floor, Sector V, Salt Lake City, Kolkata 700091, West Bengal.
Phone: +91 33 4602 1034
E-mail: cs@euphoriainfotech.com
Company Financials
| Financial year (₹ in Lakh) | Period ending on September 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 365.61 | 737.56 | 493.87 | 556.14 |
| Profit After Tax (PAT) | 60.49 | 129.69 | 19.90 | 26.17 |
| Total Borrowing | 213.22 | 155.09 | 123.06 | 119.69 |
| Net Worth | 470.64 | 410.15 | 280.46 | 260.56 |
| Basic Earnings/(Loss) Per Share (₹) | 3.12 | 6.68 | 154.73 | 203.49 |
Know before investing
Strengths
2-
The company operates a scalable business model, which is technology-driven and comprises optimum utilisation of its ability. It believes that the business model has been successful and scalable for the business since its incorporation. In addition, the business can scale upward as per the requirements.
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The company is focused on expanding its relationships with existing customers by helping them solve new problems and become more engaging, responsive and efficient.
Risks
2-
The company is exposed to risks arising from the length of its sales cycle, which may fluctuate significantly and depend on several external factors which may result in significant fluctuations in its revenues.
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The company could witness disruption in its business due to any IT system failures or lapses on the part of any of its employees.
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Euphoria Infotech India IPO FAQs
Euphoria Infotech India Limited is a 100% fresh issue. The company is planning to issue 9,60,000 new shares and raise up to ₹9.60 crore under a fresh issue.
The Basis of Allotment will be on January 24, 2024. The credit of shares to demat account will happen on January 25, 2024.
The IPO subscription window will be from January 19, 2024, to January 23, 2024.
Retail investors can apply for a minimum of one lot of 1,200 shares.
Euphoria Infotech India Limited IPO will be listed on BSE SME. The shares will be listed on January 29, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
