Euphoria Infotech India Limited IPO Detail
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.
Company Promoters
IPO Details
| IPO Opening Date | Jan 19, 2024 |
| IPO Closing Date | Jan 23, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹96 - 100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.60 Cr |
| Fresh Issue | ₹9.60 Cr |
| Offer for Sale | - |
| Retail Portion | 67.85% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.22x | - | - | 21.01x | 61.05x | 24.62x |
| Day 2 | 0.22x | - | - | 21.01x | 61.05x | 24.62x |
| Day 3 | 8.74x | - | - | 95.98x | 220.41x | 177.82x |
IPO Tentative Timetable
The Euphoria Infotech India Limited IPO open date is Jan 19, 2024, and the close date is Jan 23, 2024. The issue may list on Jan 29, 2024.
| IPO Open Date | Jan 19, 2024 |
| IPO Close Date | Jan 23, 2024 |
| Basis of Allotment Date | Jan 24, 2024 |
| Initiation of Refunds | Jan 25, 2024 |
| Credit of Shares to Demat Account | Jan 25, 2024 |
| IPO Listing Date | Jan 29, 2024 |
IPO Lot Size
The Euphoria Infotech India Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 709.59 | 556.14 | 23.91 |
| 31-Mar-22 | 626.71 | 493.87 | 21.71 |
| 31-Mar-23 | 832.64 | 737.56 | 129.71 |
Objects of the Issue:
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
- Working Capital requirement; and
- General Corporate Expenses
Euphoria Infotech India Limited IPO Registrar:
MAS Services Limited
Euphoria Infotech India Limited IPO Lead Manager(s):
Khandwala Securities Limited
Company Contact Information:
Euphoria Infotech India Limited
Bengal Eco Intelligent Park, Building, Tower I,
EM-3, Unit 16, 13th Floor
Sector V, Salt Lake City, Kolkata 700091
