Euphoria Infotech IPO
The initial public offering (IPO) of Euphoria Infotech will open for subscription on January 19 and close on January 24, it is a fresh issue of Rs. 9.60 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on January 30, 2024.
#1. Quick Intro to Euphoria Infotech
Euphoria Infotech Limited (2001) is engaged in providing high-end IT solutions in the field of citizen-centric application, enterprise resources planning, E-commerce, Application programming interfaces, Internet of things, cloud-based tools, applications, data management, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Euphoria Infotech
The company intends to use the IPO Funds for the following purposes:
- Working Capital Requirement
- General Corporate Purposes
#3. Euphoria Infotech Core Strengths
- Experienced Promoter and Qualified Senior Management Team
- Scalable Business Model
- Agile engineering and delivery
- Exclusive Agreement for certain domains with Webel Technologies Limited
- Marque Clientele
#4. Euphoria Infotech IPO Review & Rating
| Issue Size | Rs.9.60 Crore |
| Issue Price | Rs.96 to Rs.100 per share |
| Minimum Lot Size | 1200 Shares |
| Total Profit (March 2023) | Rs.129.69 (lakhs) |
| ROE | 38% |
| ROCE | 49% |
| Listing on | BSE SME |
| IPO Deliver Rating | One |
#5. Euphoria Infotech IPO Dates, Price Band & Details
Euphoria Infotech IPO will open on January 19, 2024, and close on January 24, 2024. The IPO is to be listed on January 30, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs. 9.60 Crore |
| Price Brand | Rs.96 to Rs.100 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 19, 2024 |
| IPO Close Date | January 24, 2024 |
| IPO Allotment Date | January 25, 2024 |
| Refund Date | January 29, 2024 |
| Share Credit Date | January 29, 2024 |
| Listing Date | January 30, 2024 |
#6. Euphoria Infotech IPO Offer Details
Euphoria Infotech IPO’s total issue size is 9,60,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 9,60,000 | 9.60 |
| Offer for Sale (OFS) | – | – |
#7. Euphoria Infotech Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 737.56 | 493.87 | 556.14 |
| Net Worth | 410.15 | 280.46 | 260.56 |
| Profit | 129.69 | 19.90 | 26.17 |
| Total Borrowings | 155.09 | 123.06 | 119.69 |
#8. Euphoria Infotech Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 6.68 | 1.02 | 1.35 |
| RoNW (%) | 31.62 | 7.10 | 10.04 |
| NAV (Rs.) | 21.12 | 14.44 | 13.42 |
#9. Euphoria Infotech Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| Infobeans Technologies | 39,884.00 | 13.24 | 111.97 |
| Xchanging Solutions | 18,592.00 | 19.54 | 60.70 |
#10. Euphoria Infotech Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Shamba Bhanja |
| 02. | Supriya Gupta |
#11. Euphoria Infotech Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | – |
#12. Euphoria Infotech IPO Reservation Details
Euphoria Infotech IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | Not less than 67.85% of the issue size |
| QIB Shares Offered | Not more than 3.03% of the issue size |
| NII (HNI) Shares Offered | Not less than 29.08% of the issue size |
#13. Euphoria Infotech IPO – Lot Size
An investor can apply for a minimum of 1,200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1,200 | 1,20,000 |
| Retail (Max.) | 1 | 1,200 | 1,20,000 |
| HNI (Min.) | 2 | 2,400 | 2,40,000 |
| HNI (Max.) | – | – | – |
#14. Euphoria Infotech IPO – Prospectus Copy
An investor can download/view the Euphoria Infotech prospectus copy, which the company filed to Exchange, details are as follows.
| Euphoria Infotech IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Euphoria Infotech IPO Registrar
MAS Services Limited
Phone No.: +91-011-26387281
E-Mail: info@masserv.com
Website: www.masserv.com
#16. Euphoria Infotech IPO Lead Manager
Khandwala Securities Limited
Phone No.: +91-022-40767373
E-Mail: ipo@kslindia.com
Website: www.kslindia.com
#17. Euphoria Infotech IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Euphoria Infotech IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Euphoria Infotech Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Euphoria Infotech Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Euphoria Infotech Company Details
Euphoria Infotech (India) Limited
Registered Office: Bengal Eco Intelligent Park, Building, Tower I, EM-3, Unit 16, 13th Floor, Sector V, Salt Lake City, Kolkata 700091 West Bengal
Phone No: +91-33-46021034
Email: cs@euphoriainfotech.com
Website: www.euphoriainfotech.com
Investor Grievances/Compliance Officer: Md. Talha
#19. Euphoria Infotech Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Euphoria Infotech Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Shamba Bhanja |
| 02. | Bappaditya Dasgupta |
Euphoria Infotech IPO – Frequently Asked Questions (FAQs)
| #1. What is a Euphoria Infotech IPO?
Euphoria Infotech brings its IPO of Rs. 9.60 Crore, on January 19, 2024, with a price band of Rs.96 to Rs.100 per share. |
| #2. What is the Euphoria Infotech IPO Open date?
Euphoria Infotech IPO’s opening date is January 19, 2024. |
| #3. What is the Euphoria Infotech IPO Close Date?
Euphoria Infotech IPO’s closing date is January 24, 2024. |
| #4. What is the Euphoria Infotech IPO Listing date?
Euphoria Infotech’s IPO listing date is January 30, 2024. |
| #5. What is the Euphoria Infotech IPO Minimum investment amount?
Euphoria Infotech IPO’s minimum investment amount is Rs. 1,20,000. |
| #6. What is the Euphoria Infotech IPO offer issue Size?
Euphoria Infotech offers an issue size of Rs. 9.60 Crore. |
| #7. What is the Euphoria Infotech IPO Price Band?
Euphoria Infotech’s IPO price band is Rs.96 to Rs.100 per share. |
| #8. Is Euphoria Infotech IPO mainboard IPO or SME IPO?
Euphoria Infotech IPO is an SME IPO. |
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