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 name | Euphoria Infotech India Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.euphoriainfotech.com/ |
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 date | 19 January 2024 |
| IPO Closing | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation Refund | 29 January 2024 |
| Credit to Demat Account | 29 January 2024 |
| Listing Date | 30 January 2024 |
Euphoria Infotech India IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹9.60 Cr – 960,000 shares |
| Fresh Issue | ₹9.60 Cr – 960,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹96 to ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 48,000 shares |
| Shareholding pre-issue | 1,941,860 |
| Shareholding post-issue | 2,901,860 |
| Listing Exchange | BSE SME |
Euphoria Infotech India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Euphoria Infotech India IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 48,000 (5.00%) |
| QIB Shares Offered | 27,600 (2.88%) |
| NII (HNI) Shares Offered | 265,200 (27.63%) |
| Retail Shares Offered | 619,200 (64.50%) |
| Total Shares Offered | 960,000 (100%) |
Euphoria Infotech India IPO Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 554.81 | 465.16 | 736.73 | 365.48 |
| Expenses | 524.05 | 463.60 | 561.64 | 277.50 |
| Net income | 26.17 | 19.90 | 129.69 | 60.49 |
Euphoria Infotech India IPO Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.35 | 1.02 | 6.68 |
| PE ratio | – | – | 14.37 – 14.97 |
| RONW (%) | 10.04 | 7.10 | 31.62 |
| NAV | 13.42 | 14.44 | 21.12 |
| ROCE (%) | 22.00 | 18.00 | 49.00 |
| EBITDA (%) | 10.78 | 11.01 | 29.16 |
| Debt/Equity | 0.46 | 0.44 | 0.38 |
Company Promoters
- Mr. Shamba Bhanja
- Mrs. Supriya Gupta
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 40767373
Email: rinav@kslindia.com/ipo@kslindia.com
Website: www.kslindia.com
IPO Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, Delhi, India
Phone: +91 112 638 7281 /82 / 83
Email: info@masserv.com
Website: www.masserv.com
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 West Bengal
Phone: +91 33 4602 1034
E-mail: cs@euphoriainfotech.com
Website: www.euphoriainfotech.com
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
