Euphoria Infotech India IPO

Euphoria Infotech India IPO will open for subscription from 19 January 2024. The company aims for an issue size of ₹9.60 Cr through this IPO.

Company Overview

Full nameEuphoria Infotech India Limited
SectorInformation Technology
Company Website

About Company

Euphoria Infotech (India) is a comprehensive IT and ITes solutions provider, headquartered in Kolkata, West Bengal. Presently, the company delivers sophisticated IT and ITes solutions, specializing in citizen-centric applications, Enterprise Resource Planning (ERP), E-Commerce, Application Programming Interface (API), Internet of Things (IoT), cloud-based tools and applications, as well as data management.

Euphoria Infotech’s offerings fall into five overarching categories: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning. It serves as a channel partner for Webel Technologies Limited. As of 30 November 2023, the company employs a total of 48 individuals across various departments. Core Services provided by Euphoria Infotech:

  • University & School Management
  • Recruitment Management
  • Enterprise Resource Planning (ERP)
  • E-Commerce
  • Application Programming Interface (API)
  • Mobile Apps and Progressive Web App (PWA)
  • Transport management
  • Citizen-centric portal
  • Internet of Things (IoT)
  • Artificial Intelligence/ Machine Learning
  • Product Building

The Objectives of the Issue

  • Working Capital requirement; and
  • General Corporate Expenses

Euphoria Infotech India IPO Timetable

IPO Opening date19 January 2024
IPO Closing24 January 2024
Basis of Allotment25 January 2024
Initiation Refund29 January 2024
Credit to Demat Account29 January 2024
Listing Date30 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 24, 2024)

Euphoria Infotech India IPO details

Issue typeBook Built Issue IPO
IPO issue size₹9.60 Cr – 960,000 shares
Fresh Issue₹9.60 Cr – 960,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹96 to ₹100 per share
Lot size1200 Shares
Market Maker portion48,000 shares
Shareholding pre-issue1,941,860
Shareholding post-issue2,901,860
Listing ExchangeBSE SME

Euphoria Infotech India IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

Euphoria Infotech India IPO Reservation Details

Investor CategoryShares 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 Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income26.1719.90129.6960.49
(Amount in ₹ Lakhs)

Euphoria Infotech India IPO Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio14.37 – 14.97
RONW (%)10.047.1031.62
ROCE (%)22.0018.0049.00
EBITDA (%)10.7811.0129.16

Company Promoters

  • Mr. Shamba Bhanja
  • Mrs. Supriya Gupta

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
+91 22 40767373

IPO Registrar

T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, Delhi, India
Phone: +91 112 638 7281 /82 / 83

Contact Details

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

Euphoria Infotech India IPO Allotment Status

Euphoria Infotech IPO allotment status is now available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.

Final thoughts

Euphoria Infotech India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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