Euphoria Infotech India Limited IPO Details
| 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 | 1,200 Shares |
| Total Issue Size | 9,60,000 shares (aggregating up to ₹ 9.60 Cr) |
| Fresh Issue | 9,60,000 shares (aggregating up to ₹ 9.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 19,41,860 |
| Share holding post issue | 29,01,860 |
| Market Maker portion | 48,000 shares Giriraj Stock Broking |
About 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.
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.
Euphoria Infotech India Limited IPO Financial Information
Latest Revenue
365.61
₹ Crore
Profit After Tax
60.49
₹ Crore
Net Worth
470.64
₹ Crore
Total Borrowing
213.22
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 966.21 | 365.61 | 60.49 | 470.64 | 213.22 | ||||
| 31 Mar 2023 | 832.64 | 737.56 | 129.69 | 410.15 | 155.09 | ||||
| 31 Mar 2022 | 626.71 | 493.87 | 19.90 | 280.46 | 123.06 | ||||
| 31 Mar 2021 | 709.59 | 556.14 | 26.17 | 260.56 | 119.69 | ||||
| Amount in ₹ Crore | |||||||||
Euphoria Infotech India Limited 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 |
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Competitive Strengths
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Euphoria Infotech India Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |