Euphoria Infotech India IPO Review

 
Euphoria Infotech India IPO Review

IPO Open Date: January 19, 2024

IPO Close Date: January 23, 2024

IPO Price: ₹96 to ₹100 per share

Lot Size: 1200 Shares

Listing: January 29, 2024

Euphoria Infotech India is scheduled to hit the market on January 19, 2024 and close on January 23, 2024. Euphoria Infotech India plans to raise around ₹9.60 Cr through an IPO with a sale of up to 960,000 equity shares of ₹10 each. The Retail offered 67.85%, QIB Shares Offered 3.03%, HNI Shares Offered 29.08%.

Established in May 2001, Euphoria Infotech India Limited operates as a comprehensive IT and ITes solutions provider, headquartered in Kolkata, West Bengal. Specializing in a full-stack suite of services, the company delivers solutions across various domains, including ERP, E-commerce, IoT, cloud-based tools, and data management.

Euphoria Infotech India Limited's diverse portfolio comprises five key categories: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning. The spectrum of applications encompasses online recruitment, urban local body services, university management systems, online ticket booking systems, and specialized solutions such as IoT-based dashboards for sewerage treatment plants. With a focus on tailored technology solutions, the company remains dedicated to meeting industry-specific requirements and delivering cutting-edge IT and ITes services.

Euphoria Infotech India


Euphoria Infotech India PO Details

Euphoria Infotech India IPO opens on Jan 19, 2024, and closes on Jan 23, 2024. The Listing date for Euphoria Infotech India IPO is on Jan 29, 2024. The price band for IPO is ₹96 to ₹100 per share and lot size of 1200 Shares.

IPO DateJan 19, 2024 to Jan 23, 2024
Listing DateJan 29, 2024
Price₹96 to ₹100 per share
Lot Size1200 Shares
Issue Size₹9.60 Cr
Face Value₹10 per share

Euphoria Infotech India IPO Tentative Timetable

Euphoria Infotech India opening date is January 19, 2024 and close date is January 23, 2024. The IPO allotment date is January 24, 2024. The refund initiation of IPO is on January 25, 2024. The credit of shares in demat account is on January 25, 2024. The listing date is on January 29, 2024.

EventDate
IPO OpeningJan 19, 2024
IPO ClosingJan 23, 2024
IPO Allotment DateJan 24, 2024
Refund InitiationJan 25, 2024
Shares Credit to DematJan 25, 2024
Lisiting DateJan 29, 2024

Euphoria Infotech India IPO Lot Size

Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lot (1200 shares or ₹120,000).

CategoryLotsSharesAmount
Retail(Minimum)11200₹120,000
Retail(Maximum)11200₹120,000
HNI (Minimum)22400₹240,000

Euphoria Infotech India IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding66.77%

Euphoria Infotech India IPO Review

For the fiscal years 2021, 2022, and 2023, Euphoria Infotech India reported total revenues of ₹556.14 Lakhs, ₹493.87 Lakhs, and ₹737.56 Lakhs, respectively. The Profit after Tax during the same periods was ₹23.91 Lakhs, ₹21.71 Lakhs, and ₹129.71 Lakhs, showcasing a positive trend in both revenue growth and profitability. As of May 31, 2023, the company's consolidated financials indicate a growth in assets from ₹626.71 Lakhs in March 2022 to ₹966.21 Lakhs in September 2023. Revenue increased from ₹493.87 Lakhs to ₹737.56 Lakhs during the financial year ending March 31, 2023. Profit After Tax rose significantly from ₹19.90 Lakhs in March 2022 to ₹129.69 Lakhs in March 2023. The market capitalization of Euphoria Infotech India IPO stands at Rs 29.02 Cr. Notably, the Return on Equity (ROE) is reported at an impressive 38%, and the Return on Capital Employed (ROCE) is 49%. The Debt/Equity ratio is favorable at 0.38, indicating a balanced financial structure. Return on Net Worth (RoNW) stands at 31.62%, showcasing efficient utilization of shareholder funds.

Euphoria Infotech India IPO is priced at Rs 6.68 for the Pre-IPO EPS and Rs 4.47 for the Post-IPO EPS. The Pre-IPO Price to Earnings (P/E) ratio is calculated at 14.97, while the Post-IPO P/E ratio is 22.37. A Price to Book Value (P/BV) of 0 indicates that the issue is priced conservatively concerning the company's book value. The company plans to utilize the net fresh issue proceeds for working capital requirements and general corporate expenses. The focus on bolstering working capital indicates a strategic approach to support ongoing operations and potential expansion initiatives.

Euphoria Infotech India Limited's financial performance, robust key performance indicators, and conservative valuation metrics make it an intriguing prospect. The significant growth in revenue and profit after tax, coupled with healthy financial indicators, suggests a well-managed and efficient business. However, investors should carefully assess the company's growth plans, market dynamics, and competitive positioning before making investment decisions.

Euphoria Infotech India IPO Subscription Status (Bidding Details)

Table not found

Euphoria Infotech India IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Euphoria Infotech India IPO FAQs

What is Euphoria Infotech India IPO?

Euphoria Infotech India is issuing 960,000 equity shares with a face value of ₹10 each, totaling up to ₹9.60 Cr. The shares are being offered at a price of ₹96 to ₹100 each, with a minimum order quantity of 1200 shares.

Mas Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Euphoria Infotech India IPO will open?

Euphoria Infotech India will open on January 19, 2024 for QIB, NII, and Retail Investors.

When Euphoria Infotech India IPO will end?

Euphoria Infotech India will end on January 23, 2024.

What is Euphoria Infotech India IPO Size?

Euphoria Infotech India IPO size is ₹9.60 Cr.

What is Euphoria Infotech India IPO Price Band?

Euphoria Infotech India price band is ₹96 to ₹100 per share.

What is the Euphoria Infotech India IPO Allotment Date?

Euphoria Infotech India allotment date is January 24, 2024.

What is the Euphoria Infotech India IPO Listing Date?

Euphoria Infotech India listing date is January 29, 2024. The IPO is to be listed on BSE and NSE.

How to Apply Euphoria Infotech India IPO through Zerodha?

To apply for the IPO “Euphoria Infotech India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Euphoria Infotech India IPO through Upstox?

To apply for the IPO “Euphoria Infotech India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Euphoria Infotech India IPO Allotment Status?

For Euphoria Infotech India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Euphoria Infotech India IPO GMP?

You can check out here: Euphoria Infotech India IPO GMP

Sharing Is Caring:
Avatar of Manish Sharma
About Manish Sharma

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Leave a Comment