FREE Account Opening + No Clearing Fees
Loading...

Euphoria Infotech India Limited IPO (Euphoria Infotech India IPO) Detail

January 19, 2024 - January 24, 2024

Euphoria Infotech India IPO is a book built issue of Rs 9.60 crores. The issue is entirely a fresh issue of 9.6 lakh shares.

Euphoria Infotech India IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for Euphoria Infotech India IPO was finalized on Thursday, January 25, 2024. The shares got listed on BSE SME on January 30, 2024.

Euphoria Infotech India IPO 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.

Khandwala Securities Limited is the book running lead manager of the Euphoria Infotech India IPO, while Mas Services Limited is the registrar for the issue. The market maker for Euphoria Infotech India IPO is Giriraj Stock Broking.

Refer to Euphoria Infotech India IPO RHP for detailed information.

Euphoria Infotech India IPO Details

IPO Date January 19, 2024 to January 24, 2024
Listing Date January 30, 2024
Face Value ₹10 per share
Price Band ₹96 to ₹100 per share
Lot Size 1200 Shares
Total Issue Size960,000 shares
(aggregating up to ₹9.60 Cr)
Fresh Issue960,000 shares
(aggregating up to ₹9.60 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue1,941,860
Share holding post issue2,901,860
Market Maker portion48,000 shares
Giriraj Stock Broking

Euphoria Infotech India IPO Reservation

Euphoria Infotech India IPO offers 960,000 shares. 27,600 (2.88%) to QIB, 265,200 (27.63%) to NII, 619,200 (64.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered48,000 (5.00%)
QIB Shares Offered27,600 (2.88%)
NII (HNI) Shares Offered265,200 (27.63%)
Retail Shares Offered619,200 (64.50%)
Total Shares Offered960,000 (100%)

Euphoria Infotech India IPO Timeline (Tentative Schedule)

Euphoria Infotech India IPO opens on January 19, 2024, and closes on January 24, 2024.

IPO Open Date Friday, January 19, 2024
IPO Close Date Wednesday, January 24, 2024
Basis of Allotment Thursday, January 25, 2024
Initiation of Refunds Monday, January 29, 2024
Credit of Shares to Demat Monday, January 29, 2024
Listing Date Tuesday, January 30, 2024
Cut-off time for UPI mandate confirmation 5 PM on January 24, 2024

Euphoria Infotech India IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
HNI (Min) 2 2,400 ₹240,000
Lot Size Calculator

Euphoria Infotech India IPO Promoter Holding

Share Holding Pre Issue 100.00%
Share Holding Post Issue

About Euphoria Infotech India Limited

Incorporated in May 2001, Euphoria Infotech India Limited is a full-stack IT and ITes solution, based out at Kolkata, West Bengal. The company offers IT and ITES solutions for ERP, E-commerce, IoT, cloud-based tools, and data management.

The company's solutions can be grouped into five categories: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning.

The applications include online recruitment, application, urban local body services, university management systems, online ticket booking systems, e-commerce, IoT-based dashboards for sewerage treatment plants and other industry-specific requirements.

As for fiscal years 2021, 2022, and 2023, the total revenues of the company were ₹. 556.14 Lakhs, ₹. 493.87 Lakhs, and ₹. 737.56 Lakhs, respectively. During the same periods, the Profit after Tax was ₹. 23.91 Lakhs, ₹. 21.71 Lakhs, and ₹.129.71 Lakhs, respectively.

As of May 31, 2023, the company employs a total of 29 people across various departments, including Accounts, Business Development, Software Development, and Legal and Compliance. Additionally, the company has contracted 16 IT professionals who are responsible for software development and project implementation as of the same date.

Euphoria Infotech India Limited Financial Information (Restated Consolidated)

Euphoria Infotech India Limited's revenue increased by 49.34% and profit after tax (PAT) rose by 551.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets966.21832.64626.71709.59
Revenue365.61737.56493.87556.14
Profit After Tax60.49129.6919.9026.17
Net Worth470.64410.15280.46260.56
Reserves and Surplus276.45215.96279.17259.27
Total Borrowing213.22155.09123.06119.69
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Euphoria Infotech India IPO is Rs 29.02 Cr.

KPI Values
ROE38%
ROCE49%
Debt/Equity0.38
RoNW31.62%
P/BV4.73
Pre IPO Post IPO
EPS (Rs) 6.684.17
P/E (x) 14.9723.99
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Euphoria Infotech India IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects

  1. Working Capital requirement; and
  2. General Corporate Expenses

Euphoria Infotech India IPO Review (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 Subscription Status (Bidding Detail)

The Euphoria Infotech India IPO is subscribed 383.86 times on January 24, 2024 7:02:00 PM. The public issue subscribed 426.65 times in the retail category, 413.26 times in the QIB category, and 280.88 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB413.26
NII280.88
Retail426.65
Total383.86

Total Application : 235,076 (883.74 times)

Euphoria Infotech India IPO Prospectus

Euphoria Infotech India IPO Rating

2
4.0
Rating:Rated 4.0 stars
Vote Here ...

Euphoria Infotech India IPO Listing Details

Listing Date January 30, 2024
BSE Script Code 544094
NSE Symbol
ISIN INE0PYT01018
Final Issue Price ₹100 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹100.00
₹190.00
₹180.50
₹199.50
₹181.51

Check IPO Performance…

Euphoria Infotech India Limited Contact Details

Euphoria Infotech India Limited
Bengal Eco Intelligent Park, Building, Tower I,
EM-3, Unit 16, 13th Floor
Sector V, Salt Lake City, Kolkata 700091
Phone: +91 33 4602 1034
Email: cs@euphoriainfotech.com
Website: https://www.euphoriainfotech.com/

Euphoria Infotech India IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp

Euphoria Infotech India IPO - Buy or Not

Euphoria Infotech India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Euphoria Infotech India IPO FAQs

Euphoria Infotech India IPO is a SME IPO of 960,000 equity shares of the face value of ₹10 aggregating up to ₹9.60 Crores. The issue is priced at ₹96 to ₹100 per share. The minimum order quantity is 1200 Shares.

The IPO opens on January 19, 2024, and closes on January 24, 2024.

Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Euphoria Infotech India IPO using UPI as a payment gateway. Zerodha customers can apply in Euphoria Infotech India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Euphoria Infotech India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Euphoria Infotech India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Euphoria Infotech India IPO opens on January 19, 2024 and closes on January 24, 2024.

Euphoria Infotech India IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

You can apply in Euphoria Infotech India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Euphoria Infotech India IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024. Check the Euphoria Infotech India IPO allotment status.

The Euphoria Infotech India IPO listing date is on January 30, 2024.
Open an Instant Account with Zerodha

Euphoria Infotech India IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

162 Comments

64. govisi |   Link |  Bookmark |February 20, 2024 6:15:56 PM
wtf happened to this stock lol
63. IPOmentor |   Link |  Bookmark |February 13, 2024 1:45:25 PM
Dekha Kolkata based company ka kamal. You will get it below 50
63.1. Small Investor |   Link |  Bookmark |February 14, 2024 6:40:48 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Don't worry it's another cosmic in long term
Same market maker and same State
63.2. govisi |   Link |  Bookmark |February 20, 2024 6:17:05 PM
Bruh just run away from anything related to Kolkata. That place has gone to shit.
62. ARJUN'S EYE |   Link |  Bookmark |February 13, 2024 9:39:17 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Now it is below issue price....
61. VIPVIP |   Link |  Bookmark |February 12, 2024 11:16:28 PM (200+ Posts)
Kab khulega circuit?
61.1. IPOmentor |   Link |  Bookmark |February 13, 2024 5:04:34 PM
Jab retails ki fat jayegi
60. SAINUK |   Link |  Bookmark |February 2, 2024 4:46:55 PM
When it price will go up. Broker are playing.
60.1. SAINUK |   Link |  Bookmark |February 5, 2024 10:19:16 AM
No retailer are buying . Only Broker are selling at higher and purchasing at lower and at day end close it at lower circuit.
59. Heathslayer |   Link |  Bookmark |January 30, 2024 11:02:52 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
funds still not unblocked. what a third class registrar!
59.2. Tekwani Mohit |   Link |  Bookmark |January 30, 2024 6:47:03 PM
SAME HERE kotak upi still blocked
59.3. Mukesh G |   Link |  Bookmark |February 1, 2024 9:09:41 AM
Funds still blocked, Kya kar sakte hai????
58. Small Investor |   Link |  Bookmark |January 30, 2024 12:03:49 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
bought 1 lot at 181
58.4. Small Investor |   Link |  Bookmark |February 15, 2024 1:02:10 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
abhi nhi re bhai thoda or niche aane do
58.5. IPOmentor |   Link |  Bookmark |February 15, 2024 1:32:35 PM
₹50 तक आएगा आराम से लेना।
57. Yoga |   Link |  Bookmark |January 30, 2024 11:26:18 AM
“Euphoria Infotech (India) Limited bagged order from Webel
Technology Limited worth gross value of Rs.93.90 lakhs”
56. ARJUN'S EYE |   Link |  Bookmark |January 30, 2024 8:08:45 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Euphoria Infotech India Ltd BSE SME IPO.
BSE Code:-544094                  
Symbol:-EUPHORIAIT
Group:-MT
ISIN:-INE0PYT01018
Issue Price:-100/-
Market Lot:-1200 Shares
Face Value:-10/-
Listing At:-BSE
55. ARJUN'S EYE |   Link |  Bookmark |January 29, 2024 3:08:05 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Shares credited in account....
55.1. Som mca |   Link |  Bookmark |January 30, 2024 8:58:58 AM (200+ Posts)
Mr. Arun How many lot you applied?
54. montu parashar |   Link |  Bookmark |January 29, 2024 12:02:00 PM
My fund still block.apply via UPI phone pay...
54.1. montu parashar |   Link |  Bookmark |January 29, 2024 12:17:41 PM
Is anyone apply via phone pay UPI and fund still blocked....please reply
54.2. RahulT |   Link |  Bookmark |January 29, 2024 1:43:10 PM
Yes my funds are still blocked on gPAY (HDFC Bank)
53. SME INVESTOR |   Link |  Bookmark |January 29, 2024 11:35:59 AM (300+ Posts)
Fund still blocked in ICICI Bank
53.1. Rajesh Budhraja |   Link |  Bookmark |January 29, 2024 11:41:43 AM
In YES Bank too
52. Rajesh Budhraja |   Link |  Bookmark |January 29, 2024 11:21:05 AM
When will the unblocking start for this IPO?
51. risingsun |   Link |  Bookmark |January 27, 2024 11:45:08 AM (200+ Posts)
WEBSITE NOW WORKING AND SHOW STATUS BUT THIRD CLASS WEBSITE
51.1. Rajesh Budhraja |   Link |  Bookmark |January 29, 2024 10:08:28 AM
When will the unblocking start for this IPO?
51.2. Rajesh Budhraja |   Link |  Bookmark |January 29, 2024 11:25:55 AM
If anyone has any info regarding unblocking, please share.
50. rahulkrjain |   Link |  Bookmark |January 27, 2024 11:36:25 AM (300+ Posts)
0/8 hni
49. CA Sunil |   Link |  Bookmark |January 27, 2024 10:25:24 AM
Horrible registrar. Looksregistrar have no proper infrastructure like proper website, email facilities etc..Sebi should bar such type of registrar & companies who use for saving money such type of registrar. Sebi should see time wastage by all the investors to see their allotment & ask registrar & company to compensate investors for inconvenience face..then only registrar and company will careful..
48. risingsun |   Link |  Bookmark |January 26, 2024 6:41:13 AM (200+ Posts)
ALLOTMENT OUT BUT WEBSITE NOT WORKING

48.1. papon |   Link |  Bookmark |January 26, 2024 7:19:25 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Still showing the same message. How can a server be down whole day. Site not available, mail not received and hold not removed . Third class registrar.
48.2. Parvesh Mehant |   Link |  Bookmark |January 26, 2024 10:11:23 PM
Paise nahi diye IT walon ko?
47. Chittaranjan |   Link |  Bookmark |January 26, 2024 7:43:25 PM
I ve not received any email rgding allotment/non-allotment.
And also showing as following error while checking in website.

500 - Internal server error.
There is a problem with the resource you are looking for, and it cannot be displayed.

So plz guide me where is to check the status.
47.1. Sai ki icha se |   Link |  Bookmark |January 26, 2024 8:43:51 PM
Same with me
47.2. Basuvr |   Link |  Bookmark |January 26, 2024 8:48:07 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Do check your junk folder, if not done.
46. Gokul Patil |   Link |  Bookmark |January 26, 2024 3:06:31 PM
Got mail
Received allotment first time in SME.
Hopefully it will list on premium....
46.3. Shashender |   Link |  Bookmark |January 27, 2024 6:11:57 PM
Sir how many lots u applied ?
46.4. Gokul Patil |   Link |  Bookmark |January 27, 2024 8:30:46 PM
Thanks.
I applied for one lot only.

This is 1st allotment after applying for around 100 IPOs
45. S P Dhua |   Link |  Bookmark |January 26, 2024 2:06:33 PM
Mail received at 11:52AM from MAS Services Limited about non-allotment of Euphoria Infotech Limited.