Euphoria Infotech India Limited IPO is set to launch on 19 January, 2023. The company initiated its business operations in the year 2001. It is a full stack ITes and IT solutions based company in Kolkata. The services of the company are offered to E-commerce, ERP, cloud based tools, IOT and data management. All the solutions of the company are grouped into 5 categories like E-commerce, Customised software, artificial intelligence, IOT and Machine Learning. The employees in the company currently are 29 and another 16 IT professionals on contractual basis.
Euphoria Infotech India Limited IPO DETAILS
Euphoria Infotech India Limited IPO is set to launch on 19 January, 2023. The subscription timeline extends till 23 January, 2023. The size for the IPO is 9.60 Crore Rs. Shares issued through fresh issue mode are worth 9.60 Crore Rs. No shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 96 Rs to 100 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is MAS Services Limited.
Tabular Description of Euphoria Infotech India Limited IPO
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 23 January, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 96 Rs to 100 Rs per share |
| LOT SIZE | 1200 shares |
| MINIMUM ORDER QUANTITY | 1200 shares |
| ISSUE SIZE | 9.60 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 9.60 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 29 January, 2023 |
Euphoria Infotech India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 23 January, 2023 |
| IPO ALLOTMENT DATE | 24 January, 2023 |
| REFUNDS | 25 January, 2023 |
| DEMAT A/C CREDITED ON | 25 January, 2023 |
| IPO LISTING DATE | 29 January, 2023 |
Euphoria Infotech India Limited IPO begins for subscription from 19 January, 2023. The IPO subscription would continue till 23 January, 2023. The allotment status for the shareholders who applied would come on 24 January, 2023. The refunds for the ones who did not get allotment would be initiated on 25 January, 2023. The DEMAT accounts of shareholders would be credited on 25 January, 2023. The listing of the company would be completed on 29 January, 2023.
Euphoria Infotech India Limited IPO : Lead Managers
The lead managers are :
- Khandwala Securities Limited
The minimum lot size for the company is decided at 1200 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1200 shares | 120000 Rs. |
| Maximum | 2400 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 709 | 626 | 832 |
| Revenue | 556 | 493 | 737 |
| PAT | 26 | 19 | 129 |
Euphoria Infotech India Limited had an asset base of 709 Lakh Rs in 2021. This decreased to 628 Lakh Rs in 2022. However in 2023 the asset base of the company increased to 832 Lakh Rs. The revenue of the firm was 556 Lakh Rs in 2021 which decreased to 493 Lakh Rs in 2022. This increased to 737 Lakh Rs in 2023. The profit of the firm was 26 Lakh Rs in 2021. This went down to 19 Lakh Rs in 2022. However in the year 2023 the profit of the company increased by 100 Lakh Rs. The profit of Euphoria Infotech India Limited increased to 129 Lakh Rs as compared to 19 Lakh Rs in 2022.
PROS
- The services of the company are offered to E-commerce, ERP, cloud based tools, IOT and data management.
- All the solutions of the company are grouped into 5 categories like E-commerce, Customised software, artificial intelligence, IOT and Machine Learning.
- The employees in the company currently are 29 and another 16 IT professionals on contractual basis.
Euphoria Infotech India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Euphoria Infotech India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
