Euphoria Infotech (India) May 28, 2001. It is a full-stack IT and ITes solution, based out at Kolkata, West Bengal. The company provides high-end IT and ITes solution in the field of citizen centric application, enterprise resource planning, e-commerce, application programming interface, internet of things, cloud based tools and application, data management etc. using standard software practices or through customised software development model depending upon the requirement of the clients which is backed by advanced technology and efficient team of software developers.
| Bidding Dates |
|---|
| 19 Jan 2024 - 24 Jan 2024 |
| Subscription |
|---|
| 364.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,15,200 | 1 | 1 | 1200 | 960.0 K | ₹96 - ₹100 | 63.64 % | ₹92.2 M - ₹96.0 M | RHP DOC |
Euphoria Infotech IPO SUBSCRIPTION STATUS
24 Jan '24Euphoria Infotech IPO overall subscription rate was 364.71 times the total available shares
Euphoria Infotech IPO retail subscription rate was 426.65 times in the retail segment
Euphoria Infotech IPO non-institutional investor subscription rate was 237.99 times in the non-institutional investor category
Euphoria Infotech IPO Qualified Institutional Bidder subscription rate was 413.26 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 67.89% | 29.08% | 3.03% |
24 Jan 2024 (Day 3) | 426.65x | 237.99x | 413.26x |
23 Jan 2024 (Day 2) | 220.41x | 81.42x | 8.74x |
19 Jan 2024 (Day 1) | 31.47x | 9.18x | 3.57x |
Euphoria Infotech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY24 | 60.5 | 365.5 | -23.8 | -49.6 |
| FY23 | 129.7 | 736.7 | 7.2 | 4.6 |
| FY22 | 19.9 | 465.2 | -13.7 | -15.2 |
| FY21 | 26.2 | 554.8 | 26.5 | 21.6 |
Euphoria Infotech IPO SUBSCRIPTION STATUS DETAILS
Euphoria Infotech had 960.0 K shares on offer
Euphoria Infotech IPO offer price was in the range ₹96 - ₹100
Euphoria Infotech IPO minimum Investment was ₹115200
Euphoria Infotech IPO issue size was ₹ 92.2 M - ₹ 96.0 M
Euphoria Infotech had a minimum lot size of 1200 Shares per application
Euphoria Infotech NUMBER OF SHARES ON OFFER
Euphoria Infotech IPO IMPORTANT DATES
| Issue Open Date | 19 Jan 2024 |
| Issue close Date | 24 Jan 2024 |
| Allotment Date | 25 Jan 2024 |
| Refund Date | 29 Jan 2024 |
| Demat Account Credit Date | 29 Jan 2024 |
| Listing Date | 30 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Euphoria Infotech Allotment Status | Exchange |
Euphoria Infotech IPO subscription opened on 19 Jan 2024, and closed on 24 Jan 2024
IPO allotment for Euphoria Infotech was finalized on Thursday, 25 Jan 2024
IPO listing for Euphoria Infotech was on BSE on Tuesday, 30 Jan 2024
Euphoria Infotech IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 181.5 |
| Listing Gain% | 90.0% |
| Current Gain% | -65.7% |
Euphoria Infotech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Euphoria Infotech (India) Ltd. | 34.3 | 10 | 6.4 | -0.5 | 0.7 | 8.6 | 4.9 | 15.3 | 14.8 | 1.5 | -12.9 | 5.3 | -12.9 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Euphoria Infotech INFORMATION ON IPO ISSUE
About Euphoria Infotech
Euphoria Infotech (India) May 28, 2001. It is a full-stack IT and ITes solution, based out at Kolkata, West Bengal. The company provides high-end IT and ITes solution in the field of citizen centric application, enterprise resource planning, e-commerce, application programming interface, internet of things, cloud based tools and application, data management etc. using standard software practices or through customised software development model depending upon the requirement of the clients which is backed by advanced technology and efficient team of software developers.
Object of the Issue
- Working capital requirement
- General corporate expenses
Euphoria Infotech - PROMOTERS
| Name |
|---|
| Shamba Bhanja |
| Supriya Gupta |
Euphoria Infotech Lead Manager to the Issue
Khandwala Securities Limited
ipo@kslindia.com
Euphoria Infotech Registrar to the issue
MAS Services Limited
info@masserv.com
Euphoria Infotech Strengths
Agile engineering and delivery
With broad software engineering capabilities, the company has the ability to choose the methods, technologies and tools which it believe are best suited to customers’ business needs. Its engineers use a broad range of technologies including web technologies, cloud, data, mobile, testing, hardware & embedded, integration and APIs, IoT, AI/ML, analytics and DevOps
Marque clientele
The company has worked with large number of marque clients which includes Shapoorji Pallonji, West Bengal Police Recruitment, South Bengal State Transport Corp, West Bengal Financial Corp, etc.
Euphoria Infotech Risks
Negative cash flow
The company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on the business, prospects, financial condition, cash flows and results of operations
Substantial working capital requirements
The company has a substantial working capital requirements and may require additional financing to meet working capital requirements in the future. A failure in obtaining such additional financing at all or on terms favorable to it could have an adverse effect on the results of operations and financial condition
IPO FAQs
The promoters of the company are Shamba Bhanja and Supriya Gupta.
The category allocation of qualified institutional buyers is 3.0%, the category allocation of non individual investors or high networth individuals is 29.1% and for retail investors it is 67.9%.
The price band of the IPO is Rs 96.0 - 100.0.
The IPO application opens on Jan 19, 2024 and closes on Jan 24, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 115,200.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 25, 2024.
The refund will be credited to your account on Jan 29, 2024.
The allotted shares will be credited to your demat on Jan 29, 2024.
Euphoria Infotech (India) Ltd.’s shares listed on the stock exchanges on Jan 30, 2024.