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Euphoria Infotech India Limited IPO
Euphoria Infotech India Ltd. (EIIL) is a full-stack IT and ITes solution provider, 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 (ERP), E-Commerce, Application programming interface (API), Internet of Things (IoT), cloud based tools and application, data management etc. using standard software practices or through customized software development model depending upon the requirement of the clients which is backed by advanced technology and efficient team of software developers. The company is also providing consultation to different clients from multiple-spectrum to develop, implement and maintain different customized software to enhance the efficiency and growth of the company.
It has become a technology partner to different government and financial organizations including more than 100 municipalities in West Bengal. 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 price band is set at ₹96 to ₹100 per share. The minimum lot size for an application is 1200 Shares. 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. The market maker for Euphoria Infotech India IPO is Giriraj Stock Broking.
Euphoria Infotech India IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| 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 Giriraj Stock Broking |
Euphoria Infotech India IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Euphoria Infotech India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Euphoria Infotech India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 48,000 (5.00%) |
| QIB Shares Offered | 27,600 (2.88%) |
| NII (HNI) Shares Offered | 265,200 (27.63%) |
| Retail Shares Offered | 619,200 (64.50%) | Total Shares Offered | 960,000 (100%) |
Euphoria Infotech India IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Company & Financials
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 period, the Profit after Tax was ₹23.91 Lakhs, ₹21.71 Lakhs, and ₹129.71 Lakhs, respectively.
Euphoria Infotech India Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 38% |
| ROCE | 49% |
| Debt/Equity | 0.38 |
| RoNW | 31.62% |
| P/BV | 4.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 4.17 |
| P/E (x) | 14.97 | 23.99 |
Objectives of Euphoria Infotech India IPO
The company intends to utilize the Net Fresh Issue Proceeds for the following Objectives:
- 1. Working Capital requirement.
- 2. General Corporate Expenses.
Euphoria Infotech India IPO Review
The company is West Bengal centric IT and ITes solutions provider. It posted fluctuating top and bottom lines for the reported periods. The sudden boost in bottom lines for the last 18 months’ performance raises concern over its sustainability. The small equity capital post-IPO indicates a longer gestation period for migration to mainboard. Based on annualized super FY2 earnings, the issue appears aggressively priced. There is no harm in skipping this risky bet.
FAQs for Euphoria Infotech India IPO
-
What is Euphoria Infotech India Limited's IPO?
Euphoria Infotech India Limited is a 100% fresh issue. The company is planning to issue 9,60,000 new shares and raise up to ₹9.60 crore under a fresh issue.
-
When will Euphoria Infotech India Limited's IPO be allotted?
The Basis of Allotment will be on January 24, 2024. The credit of shares to the demat account will happen on January 25, 2024.
-
When will Euphoria Infotech India Limited's IPO open for subscription?
The IPO subscription window will be from January 19, 2024, to January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot of 1,200 shares.
-
When will Euphoria Infotech India Limited list on exchanges?
Euphoria Infotech India Limited IPO will be listed on BSE SME. The shares will be listed on January 29, 2024.
Euphoria Infotech India IPO Subscription Status
Category
Subscription (times)
QIB
413.26
NII
280.88
Retail
426.65
Total
383.86
RHP:
RHP of Euphoria Infotech India Limited IPO
DRHP:
DRHP of Euphoria Infotech India Limited IPO
-
What is Euphoria Infotech India Limited's IPO?
Euphoria Infotech India Limited is a 100% fresh issue. The company is planning to issue 9,60,000 new shares and raise up to ₹9.60 crore under a fresh issue.
-
When will Euphoria Infotech India Limited's IPO be allotted?
The Basis of Allotment will be on January 24, 2024. The credit of shares to the demat account will happen on January 25, 2024.
-
When will Euphoria Infotech India Limited's IPO open for subscription?
The IPO subscription window will be from January 19, 2024, to January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of one lot of 1,200 shares.
-
When will Euphoria Infotech India Limited list on exchanges?
Euphoria Infotech India Limited IPO will be listed on BSE SME. The shares will be listed on January 29, 2024.
Euphoria Infotech India IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 413.26 |
| NII | 280.88 |
| Retail | 426.65 |
| Total | 383.86 |
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