IPO

Euphoria Infotech India Limited IPO

BSE SME

Listed On: Jan 30, 2024 at ₹ 190.0

₹ 240000 /2400 Shares
*Min Investment

Check Allotment

19 Jan, 2024

Open Date

24 Jan, 2024

Close Date

25 Jan, 2024

Allotment Date

30 Jan, 2024

Listing Date
Euphoria Infotech India Limited IPO Issue Details
  • Issue Price ₹96-100 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 9,60,000 shares(aggregating up to ₹9.6 crore)
  • Fresh Share 9,60,000 shares(aggregating up to ₹9.6 crore)
  • Listing at BSE SME
  • List Price 190.0
  • Listing Date 2024-01-30
  • Lead Manager Khandwala Securities Limited
  • Registrar Mas Services Limited
Market Lot Size

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

ApplicationLotsSharesAmount
Retail (min)11200₹1,20,000
Retail(max)11200₹1,20,000
NII (min) 22,400₹2,40,000
Euphoria Infotech India Limited IPO Reservation

Euphoria Infotech India Limited IPO offers total 960,000 shares. Out of which 27,600 (2.88%) allocated to QIB, 265,200 (27.63%) allocated to NII,619,200 (64.5%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered- (NA%)
Market Maker Shares Offered48,000 (5%)
QIB Shares Offered27,600 (2.88%)
NII (HNI) Shares Offered265,200 (27.63%)
Retail Shares Offered619,200 (64.5%)
Total Shares Offered960,000 (100%)
Euphoria Infotech India Limited IPO Documents
DRHP
RHP
Euphoria Infotech India Limited IPO Details


Euphoria Infotech India Limited IPO is an SME IPO, priced at ₹96-100 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 9,60,000 equity shares, aggregating up to ₹9.6 crores..

The IPO bidding window is open from Jan 19, 2024 to Jan 24, 2024. The allotment is expected to be finalized on Jan 25, 2024, and the tentative listing date is Jan 30, 2024.

The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,20,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,40,000.

Khandwala Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Mas Services Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

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Euphoria Infotech India Limited IPO Subscription Analysis And Details
Retail
426.65x
Total
383.86x
As onQIB / NIIRetailTotal
Shares Offered / Reserved27,600 / 265,200*619,200912,000
Day 1 19-01-24 06:00 PM
3.56 / 10.84 x31.47 x24.62 x
Day 2 23-01-24 06:00 PM
8.74 / 95.98 x220.41 x177.82 x
Day 3 24-01-24 06:00 PM
413.26 / 237.99* x426.65 x383.86 x
Total No of Applications
2,35,076
Euphoria Infotech India Limited Valuations
EPS Pre IPO ₹6.68/-
EPS Post IPO ₹4.17/-
P/E Pre IPO 14.97
P/E Post IPO 23.99
ROE 38%
ROCE 49%
Debt/Equity 0.38
RoNW 31.62%
Price to Book Value 4.73
Euphoria Infotech India Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets832.64626.71709.59
Revenue737.56493.87556.14
Profit After Tax129.7121.7123.91
Net Worth410.15280.46260.56
Reserves & Surplus215.96279.17259.27
Total Borrowing155.09123.06119.69
About Euphoria Infotech India Limited Company

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

Its solutions can be categorized into five heads: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning.

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

As of 31 May 2023, the company has an employee strength of 29 at various departments; these include accounts, business development, software development, and Legal and Compliance. At the same time, the company has contracted IT professionals amounting to 16 who are performing software development, project implementation among others as on the same date.

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Euphoria Infotech India Limited - Promoter(s)

Pre Issue Share Holding : %

Post Issue Share Holding : %

Euphoria Infotech India Limited IPO - Issue Objectives
1

Working Capital requirement

2

General Corporate Expenses

Euphoria Infotech India Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Euphoria Infotech India Limited6.686.6821.1214.9731.624.73Consolidated
Infobeans Technologies Limited14.8314.83111.9730.3613.244.02Standalone
Xchanging Solutions Ltd.4.034.0360.713.2119.540.88Standalone

Notes:

  1. Based on restated financial statements of the Company for Financial Year 2023.
  2. 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 the BSE website.
  3. EPS is calculated after adjusting the number of Bonus Shares issued on 12-01-2023.
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

+91 33 4602 1034

cs@euphoriainfotech.com

https://www.euphoriainfotech.com/

Registrar Contact Details

Mas Services Limited

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp