Euphoria Infotech India, a Kolkata-based IT and ITes solutions provider, has recently concluded the subscription period for its Initial Public Offering (IPO) on January 24, 2024. The IPO witnessed an overwhelming response, with a subscription rate of 383.86 times. Qualified Institution investors subscribed 413.26 times, Non-Institutional buyers 280.88 times, and retail investors an impressive 426.65 times.

The IPO, which opened on January 19, comprised entirely of a fresh issue of 9.6 lakh shares, with a price band set at ₹96 to ₹100 per share.

The allotment for the Euphoria Infotech India IPO is anticipated to be finalized on Thursday, January 25, 2024. Investors can check their allotment status on the official website of the IPO registrar, Mas Services Limited, and the BSE website.

Checking Allotment Status on Registrar’s Website:

1. Visit Mas Services Limited IPO page.
2. Click on “IPO Allotment Status” on the left side.
3. Select “Euphoria Infotech India Limited”.
4. Choose either “Search on DP ID/Client ID” or “Search on PAN No.”
5. Enter the required details.
6. Click “Submit” to view the allotment status.

Checking IPO Allotment Status on BSE:

1. Go to BSE IPO Allotment page.
2. Select ‘Equity’ as the issue type.
3. Choose “Euphoria Infotech India Limited” from the dropdown.
4. Enter your application number or PAN.
5. Complete the captcha verification.
6. Click “Search” to view your allotment status.

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Euphoria Infotech India IPO Listing Date

The Euphoria Infotech India IPO is scheduled to be listed on the BSE SME on Tuesday, January 30, 2024.

Euphoria Infotech India IPO Issue Details

The Euphoria Infotech India Limited IPO, a Book Built Issue IPO, was launched with a total issue size of 9.6 lakh shares, aggregating to an amount of ₹9.60 crore. Each share was priced with a face value of ₹10, and the IPO was set within a price band of ₹96 to ₹100 per share. For retail investors, the IPO offered a lot size of 1200 shares, requiring a minimum investment based on the price band. This IPO structure was aimed at raising capital to further the company’s growth in the IT and ITes sectors, reflecting its strategic business expansion plans.

About Euphoria Infotech India Limited: Founded in May 2001, Euphoria Infotech India Limited specializes in customized software, e-commerce, IoT, Artificial Intelligence, and machine learning. The company’s applications span various domains, including online recruitment, urban services, and e-commerce platforms. As of May 31, 2023, the company employs 29 people across various departments, supplemented by 16 contracted IT professionals.

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