Euphoria Infotech India IPO: Test piece space, GMP, other particulars

Synopsis

The piece piece for Euphoria Infotech India's IPO has seemingly been finalized. Investors can verify the piece space on the BSE web exclaim material using their application quantity or PAN quantity. The IPO change into once subscribed 364.71 times, with the retail allotment oversubscribed 426.65 times and the non-institutional traders' quota oversubscribed 237.99 times.

IPO
The corporate intends to utilise the gain proceeds from the IPO towards working capital requirement and commonplace corporate purposes.

The piece piece has seemingly been finalised for the initial public providing (IPO) of Euphoria Infotech India. Investors who applied for the SME IPO discipline can verify the piece space by visiting the BSE. On the piece date, traders get to be taught about the choice of shares dispensed to them as towards the bids made.

Right here's the methodology it is seemingly you'll seemingly well seemingly verify the gap on BSE:

Step 1: Search the advice of with the BSE Web put

Step 2: Please decide the discipline name, that is the corporate's name within the fall down.

Step 3: Enter the application quantity or PAN quantity to envision the piece space.

Euphoria Infotech India IPO subscription space

The initial public providing (IPO) of Euphoria Infotech India change into once subscribed 364.71 times so some distance on the BSE on the final day of the discipline. The retail allotment change into once subscribed 426.65 times whereas the non-institutional traders' quota change into once booked 237.99 times. The allotment for licensed institutional traders (QIBs) change into once subscribed 413.26 times.

Earlier, the discipline which change into once scheduled to end this day nonetheless the closing has now been prolonged by a day. This can end on January 24, Wednesday. On Monday, markets had been closed on yarn of Ayodhya Ram Mandir consecrations ceremony.

About Euphoria Infotech India IPO

It is completely a recent discipline where the corporate is providing 960,000 shares with a minimal enlighten quantity of 1,200 shares. The most enlighten quantity for Licensed Institutional Consumers (QIBs) and Non-Institutional Investors (NIIs) is 912,000 shares. The corporate has mounted the note band at Rs 96-100 per fairness piece with the face rate of Rs 10 per piece.

Euphoria Infotech India IPO discipline form

Book Constructing

Euphoria Infotech India IPO GMP

The shares had been commanding a top rate of Rs 75-80 within the grey market.

Euphoria Infotech India IPO timeline

The three-day discipline will end on January 24, Wednesday. The premise of piece is expected to be finalised on January 25 whereas the initiation of funds on January 29. The shares is often credited into the demat accounts on the identical day. The stock is often listed on January 30 on the SME platform of the BSE.

About Euphoria Infotech India

Incorporated in Would possibly per chance additionally 2001, Euphoria Infotech (India) is a elephantine-stack IT and ITes resolution provider essentially based completely out at Kolkata, West Bengal and offers services and products in areas connected to citizen centric application, Challenge Resource Planning (ERP), E-Commerce, Software programming interface (API), Web of Things (IoT), cloud essentially based completely instruments and application, knowledge administration amongst other issues. The founder and Managing Director of the corporate is Shamba Bhanja.

Euphoria Infotech India financials

As per Restated Financial Statements for the fiscal 2023, 2022 and 2021, our entire revenues had been Rs 7.37 crore, Rs 4.93 crore and Rs 5.56 crore, respectively. Firm's Earnings after Tax for the respective sessions stood at Rs 1.29 crore, Rs 21.71 lakhs and 23.91 lakhs, respectively. For the half year ended September 30, 2023, its entire revenues had been at Rs 3.65 crore and its profit after Tax change into once Rs 60.49 lakhs.

Euphoria Infotech India IPO proceeds

The corporate intends to utilise the gain proceeds from the IPO towards working capital requirement and commonplace corporate purposes.

Euphoria Infotech India lead managers

Khandwala Securities is a book running lead supervisor (BRLM) whereas Mas Products and services Diminutive is the registrar of the discipline. The sponsor financial institution is Axis Bank.

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