IPO Details

Bidding Dates

18 Jan '24 - 22 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 18, 2024

IPO Closing Date

Jan 22, 2024

Basis of Allotment

Jan 23, 2024

Initiation of Refunds

Jan 24, 2024

Credit of Shares to Demat Account

Jan 24, 2024

IPO Listing Date

Jan 28, 2024

UPI Mandate Expiry Date

Jan 22, 2024

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jan 18, 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.

  1. Infobeans Technologies Limited.
  2. 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
  1. 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.

  2. 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
  1. 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.

  2. The company could witness disruption in its business due to any IT system failures or lapses on the part of any of its employees.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Euphoria Infotech India IPO FAQs

What is Euphoria Infotech India Limited's IPO?

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.

When will Euphoria Infotech India Limited's IPO be allotted?

The Basis of Allotment will be on January 24, 2024. The credit of shares to demat account will happen on January 25, 2024.

 

When will Euphoria Infotech India Limited's IPO open for subscription?

The IPO subscription window will be from January 19, 2024, to January 23, 2024.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot of 1,200 shares.

When will Euphoria Infotech India Limited list on exchanges?

Euphoria Infotech India Limited IPO will be listed on BSE SME. The shares will be listed on January 29, 2024.

What would be the listing gains on the Euphoria Infotech India Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Euphoria Infotech India Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Euphoria Infotech India Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

 

Can I submit more than one application for the public issue of Euphoria Infotech India Limited using one PAN?

You can submit only one application using your PAN card.