euphoria infotech ipo subscription status

Euphoria InfoTech IPO Subscription Status Today – Open IPO

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Euphoria InfoTech IPO Subscription Open on Friday, January 19, 2024, and is close on January 23, 2024. Euphoria InfoTech IPO aims to generate approximately ₹9.60 crores through its IPO. Here’s a breakdown: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (NII). The share price is in the range of ₹96 to ₹100 per equity share. Don’t miss out on these details!

In the Euphoria InfoTech IPO, you need to buy at least 1200 shares, and the application amount is ₹1,20,000. This IPO is under NSE SME and will be listed on NSE SME soon.

IPOPremiums View

We suggest investors consider applying for an IPO with both short-term and long-term perspectives. It’s important to examine the QIB, NII, and Retail numbers before making any investment decisions.

Euphoria InfoTech IPO Subscription Status – Day 2

Euphoria InfoTech IPO subscribed 23.45 times. The public issue subscribed 31.56 times in the retail category, 3.57 times in QIB, and 9.18 times in the NII category by January 20, 2024 (Day 2).

IPO Category Subscription Numbers
QIB 3.57
NII 9.18
RII 31.56
Total 23.45

 

Established in May 2001, Euphoria Infotech India Limited is a comprehensive IT and ITes solutions provider based in Kolkata, West Bengal. The company specializes in offering solutions for ERP, E-commerce, IoT, cloud-based tools, and data management.

Euphoria’s services can be categorized into five main areas: customized software, e-commerce, IoT, Artificial Intelligence, and Machine Learning.

The applications developed by the company cover a wide range of services, such as online recruitment, application processing, urban local body services, university management systems, online ticket booking systems, e-commerce platforms, IoT-based dashboards for sewerage treatment plants, and other industry-specific requirements.

For the fiscal years 2021, 2022, and 2023, the company reported total revenues of ₹556.14 Lakhs, ₹493.87 Lakhs, and ₹737.56 Lakhs, respectively. The Profit after Tax for the same periods was ₹23.91 Lakhs, ₹21.71 Lakhs, and ₹129.71 Lakhs, respectively.

As of May 31, 2023, the company has a workforce of 29 employees, spread across various departments including Accounts and Business.

Investor Types in Euphoria Infotech IPO

  1. Smart Investors: Includes Financial Institutions, Banks, FIIs, and Mutual Funds
  2. Everyday Investors: Individual Investors, NRIs, Companies, Trusts, etc.
  3. Regular Folks: Retail Individual Investors or NRIs
  4. Company Heroes: Eligible Employees
  5. Other Shareholders: Eligible Shareholders

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