Euphoria Infotech India IPO is a book built issue of Rs 9.60 crores. The issue is entirely a fresh issue of 9.6 lakh shares.
Euphoria Infotech India IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The allotment for the Euphoria Infotech India IPO is expected to be finalized on Wednesday, January 24, 2024. Euphoria Infotech India IPO will list on BSE SME with tentative listing date fixed as Monday, January 29, 2024.
Euphoria Infotech India IPO price band is set at ₹96 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Khandwala Securities Limited is the book running lead manager of the Euphoria Infotech India IPO, while Mas Services Limited is the registrar for the issue.
Refer to Euphoria Infotech India IPO DRHP for detailed information.
Euphoria Infotech India IPO Details
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 960,000 shares (aggregating up to ₹9.60 Cr) |
| Fresh Issue | 960,000 shares (aggregating up to ₹9.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,941,860 |
| Share holding post issue | 2,901,860 |
| Market Maker portion | 48,000 shares |
Euphoria Infotech India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 3.03% of the Net Issue |
| Retail Shares Offered | ot less than 67.85% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 29.08% of the Net Issue |
Euphoria Infotech India IPO Timeline (Tentative Schedule)
Euphoria Infotech India IPO opens on January 19, 2024, and closes on January 23, 2024.
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
Euphoria Infotech India IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Euphoria Infotech India IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Euphoria Infotech India Limited
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.
Euphoria Infotech India Limited Financial Information (Restated Consolidated)
Euphoria Infotech India Limited’s revenue increased by 49.34% and profit after tax (PAT) rose by 497.47% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 832.64 | 626.71 | 709.59 |
| Revenue | 737.56 | 493.87 | 556.14 |
| Profit After Tax | 129.71 | 21.71 | 23.91 |
| Net Worth | 410.15 | 280.46 | 260.56 |
| Reserves and Surplus | 215.96 | 279.17 | 259.27 |
| Total Borrowing | 155.09 | 123.06 | 119.69 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Euphoria Infotech India IPO is Rs 29.02 Cr.
| KPI | Values |
|---|---|
| ROE | 38% |
| ROCE | 49% |
| Debt/Equity | 0.38 |
| RoNW | 31.62% |
| P/BV | 0 |
Check Euphoria Infotech India IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 4.47 |
| P/E (x) | 14.97 | 22.37 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2023 that is available in RHP.
Objects of the Issue (Euphoria Infotech India IPO Objectives)
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 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
Phone: +91 33 4602 1034
Email: cs@euphoriainfotech.com
Website: https://www.euphoriainfotech.com/
Euphoria Infotech India IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://masserv.com/