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SME IPO Status: Listed [19th Jan 2024 to 24th Jan 2024]
Euphoria Infotech India IPO, a SME IPO of ₹9.60 Cr was launced on 19-01-2024 to 24-01-2024 and the shares got listed on BSE SME on 30-01-2024.
The public issue of Euphoria Infotech India IPO (544094) was offered at ₹100.00 per share and the ipo was listed at ₹190. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 108000 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Jan 2024 |
| SME IPO Issue Closing Date: | 24th Jan 2024 |
| SME IPO Issue Price: | ₹96.00-100.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 67.85% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹9.60 Cr |
| Fresh Issue: | ₹9.60 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544094 |
Get important updates regarding Euphoria Infotech India SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Jan 2024 |
| Refunds Initiation* | 29th Jan 2024 |
| Credit of Shares to Demat* | 29th Jan 2024 |
| SME IPO Listing Date* | 30th Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹96.00-100.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-01-2024 | 100.00 | 85 | 77500 | ₹185 (85%) | 30-Jan-2024 9:29 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Euphoria Infotech India Limited is a top-notch IT and IT provider, established in 2001. They offer a wide range of solutions to cater to the needs of clients in various sectors such as Citizen-Centric Applications, Enterprise Resource Planning (ERP), E-Commerce, Application Programming Interface (API), Internet of Things (IoT), Cloud-based tools and applications, and Data Management. They follow industry-standard software practices or customize software development models as per client requirements, using advanced technology and an efficient team of software developers who keep themselves updated through continuous research and development activities.
The company's offerings can be broadly categorized into five categories: custom software, e-commerce, IoT, artificial intelligence, and machine learning. They also develop customized web applications for industry and public, such as online recruitment, job applications, services for local authorities, college management systems, online ticket booking systems, e-commerce and IoT-based dashboards for wastewater treatment plants, and other industry-specific requirements.
Euphoria Infotech India Limited is involved in developing various products for the education sector and citizen-facing services. They also provide guidance to clients from different industries on the development, implementation, and maintenance of customized software to increase business efficiency and growth. The company is a technology partner for various government and financial organizations, including more than 100 municipalities in West Bengal.
Their aim is to develop and maintain software solutions for organizations in various sectors, such as e-commerce, education, fintech, healthcare, IoT, and other industries, to enable easy business operations and customer-centric solutions.
| Incorporation | Sector | IPO Issue Size | Website |
| 2001 | Computers - Software & Consulting | ₹9.60 Cr | https://www.euphoriainfotech.com/ |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 456,000 (50%) | 136,800 (15%) | 319,200 (35%) | 912,000 | |
| 1 | 19th Jan 2024 18:29 | 0.22x | 21.01x | 61.05x | 24.62x |
| 2 | 20th Jan 2024 01:01 | 3.57x | 10.84x | 31.56x | 24.69x |
| 3 | 23rd Jan 2024 19:04 | 8.74x | 95.98x | 220.41x | 177.82x |
| 4 | 24th Jan 2024 19:04 | 413.26x | 280.88x | 426.65x | 383.86x |
Euphoria Infotech India Limited's revenue increased by 49.34% and profit after tax (PAT) rose by 551.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 966.21 | 832.64 | 626.71 | 709.59 |
| Revenue | 365.61 | 737.56 | 493.87 | 556.14 |
| Profit After Tax | 60.49 | 129.69 | 19.90 | 26.17 |
| Net Worth | 470.64 | 410.15 | 280.46 | 260.56 |
| Reserves and Surplus | 276.45 | 215.96 | 279.17 | 259.27 |
| Total Borrowing | 213.22 | 155.09 | 123.06 | 119.69 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Euphoria Infotech India Limited | 6.68 | 6.68 | 21.12 | 14.97 | 31.62 | Consolidated |
| Infobeans Technologies Limited | 14.83 | 14.83 | 111.97 | 30.36 | 13.24 | Standalone |
| Xchanging Solutions Ltd. | 4.03 | 4.03 | 60.7 | 13.21 | 19.54 | Standalone |
Last Updated on 03-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Euphoria Infotech India SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Euphoria Infotech India SME IPO with Zerodha.
Alternate approch to apply in Euphoria Infotech India SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Euphoria Infotech India SME IPO Review and Important Updates
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To subscribe or apply in Euphoria Infotech India SME IPO, you can use the following methods:
| Euphoria Infotech India SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Euphoria Infotech India SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Euphoria Infotech India SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Euphoria Infotech India SME IPO. Most of the Syndicate Banks provide access to apply in Euphoria Infotech India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Euphoria Infotech India SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Euphoria Infotech India SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Euphoria Infotech India SME IPO Review and Important Updates
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Euphoria Infotech India SME IPO is going to be list on 30-01-2024. BSE Code for Euphoria Infotech India is 544094.
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Euphoria Infotech India SME IPO Allotment Date is 25-01-2024.
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