Euphoria Infotech India IPO: A Strong Listing in the Share Market
๐ Euphoria Infotech India’s IPO received a strong listing in the share market today. The company’s shares were listed on the BSE SME at a premium of 90%, at โน190 per share.
๐ After the listing, the shares touched a high of โน199.50, indicating a nearly 100% increase on its first day of trading.
๐ฐ The Kolkata-based IT and ITES solutions provider had set the price range for its IPO at โน96 to โน100 per equity share.
๐ The IPO received a positive response from investors, with a subscription of 383.86 times. It received 426.65 times subscription in the retail category, 413.26 times in the QIB category, and 280.88 times in the NII category.
๐ Euphoria Infotech India’s IPO consisted of 960,000 equity shares. The IPO was open for investment from January 19, 2024, to January 24, 2024.
๐ผ For applying to the IPO, the minimum lot size was 1,200 shares, while the minimum investment amount for retail investors was โน120,000. The minimum lot size for HNIs was 2 lots (2,400 shares) with an investment amount of โน240,000.
๐ต The Euphoria Infotech IPO was a book building IPO of โน9.60 crore, making it the latest issue of 9.6 lakh shares.
๐ The company will utilize the funds raised from the IPO to fulfill its working capital requirements and for general corporate purposes. Kangaroo Securities was the principal manager of the IPO, and Mass Services was the registrar.
๐ป Euphoria Infotech provides IT and ITES solutions for ERP, e-commerce, IoT, cloud-based tools, and data management.
๐ Euphoria Infotech India IPO: A Stellar Debut in the Share Market!
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