January 19, 2024 - January 24, 2024

Euphoria Infotech India IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Euphoria Infotech India IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
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Euphoria Infotech India IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Euphoria Infotech India IPO Review by Dilip Davda (Avoid)

[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...

Euphoria Infotech India IPO Peer Comparison

Euphoria Infotech India Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Euphoria Infotech India Limited	6.68	6.68	21.12	14.97	31.62	4.73	Consolidated
Infobeans Technologies Limited	14.83	14.83	111.97	30.36	13.24	4.02	Standalone
Xchanging Solutions Ltd.	4.03	4.03	60.70	13.21	19.54	0.88	Standalone

Source:

Respective audited financials of the Company, as available, for the Financial Year 2023. Information on industry peer is on a standalone basis.
Based on restated financial statements of the Company for Financial Year 2023 #
Based on closing market price as on March 31, 2023 on BSE and EPS for the year ended March 31, 2023, extracted from the respective annual report of the Company, as available on BSE website. & EPS is calculated based after adjusting the no. of Bonus Shares issued on 12-01-2023.

Euphoria Infotech India IPO Review by Members

Euphoria Infotech India IPO Reviews, analysis and views by popular members. Read Euphoria Infotech India Limited IPO reviews by retail investors to find recommended ipo to buy.

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Euphoria Infotech India IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
Goel M	Avoid Catching the ipo boom...at RS 100..they are trapping investors.. January 17, 2024 8:01:40 AM

Member

Review

Goel M

Avoid

Catching the ipo boom...at RS 100..they are trapping investors..

January 17, 2024 8:01:40 AM

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