Euphoria Infotech (India) Ltd Share Price – BSE

IT - Software, Small Cap

Euphoria Infotech (India) will hold a meeting of the Board of Directors of the Company on 28 May 2024

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The scrip was listed at Rs 190, a premium of 90% compared with the initial public offer (IPO) price. The stock settled with a loss of 4.47% over its listing price.

The counter hit a high of Rs 199.50 and a low of Rs 180.50. About 7.80 lakh shares of the company changed hands at the counter.

Euphoria Infotech (India)'s IPO was subscribed 364.71 times. The issue opened for bidding on 19 January 2023 and it will close on 23 January 2023. The price band of the IPO was fixed between Rs 96 to Rs 100 per share.

The IPO comprised fresh issue of 9,60,000 shares. The promoter and promoter shareholding diluted to 63.64% from 95.11% pre-IPO.

The company intends to utilize the net proceeds to meet working capital requirements, and general corporate purposes.

Euphoria Infotech (India) is engaged in the business of customized web application development for industry and general citizens. The applications range from online recruitment, online application, urban local body services, university management system, online ticket booking systems, E-commerce and IoT-based dashboards for sewerage treatment plant (STP) and similar industry specific requirements. As on 30 November 2023, the company has total 48 employees in various department.

The company recorded revenue from operations of Rs 93.05 crore and net profit of Rs 4.56 crore for the period as on 30 September 2023.

Meanwhile, Euphoria Infotech India announced today that it bagged an order worth gross value Rs 93.90 lakh from Webel Technology. The said order is expected to be completed within May 2024. Webel Technology is a nodal agency for the Government of West Bengal for implementation of IT and ITes.

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The equity shares of Euphoria Infotech (India) (Scrip Code: 544094) are listed effective 30 January 2024 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities

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