Euphoria Infotech IPO GMP Rises; Subscription status, issue details, everything you need to know
The Euphoria Infotech India IPO opened for subscription on Friday, January 19, 2024 and will close on January 24, 2024. The allotment for the Euphoria Infotech India IPO is expected to close on Thursday, January 25, 2024. Euphoria Infotech India IPO to list on BSE SME with tentative listing date: Monday, January 29, 2024.
Euphoria Infotech India IPO Subscription Status:
Euphoria Infotech India IPO was subscribed 177.82 times. According to data from Chittirgarh.com, on the second day (January 23, 2024) till 5:15:00 pm, the public issue was raised 220.41 times in the retail category, 8.74 times in the QIB category and 95.98 times. times drawn in the NII category
Gray market premium
Shares of Euphoria Infotech India Limited are now available for trading on the gray market. According to investorgain.com, Euphoria Infotech India shares are available at a premium of ₹80 on the gray market today.
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Euphoria Infotech India IPO is a book based edition of ₹9.60 crores. The issue is entirely a fresh issue of shares worth ₹9.6 lakh.
The IPO price range of Euphoria Infotech India is at ₹96 to ₹100 per share. The minimum lot size for an application is 1200 shares. The minimum investment amount required by private investors is ₹120,000. The minimum investment size for HNI is 2 lots (2,400 shares) worth ₹240,000. The maximum offering quantity for qualified institutional investors is 912,000 shares.
Khandwala Securities Limited is the book running lead manager of the IPO of Euphoria Infotech India while Mas Services Limited is the registrar for the issue.
Important things you should know:
1)Euphoria Infotech India IPO GMP: Shares of the company are available at a premium of ₹80 on the gray market today. The GMP has increased by ₹20 on the gray market ₹60 at the start of the IPO. According to GMP, investors expect the shares to be listed at ₹180, 80% above the issue price of Rs 100.
2]Euphoria Infotech India IPO Price: The Kolkata-based IT and IT solutions provider had a fixed IPO price range at ₹96 to ₹100 per share.
3]Euphoria Infotech India IPO Date: The public issue opened on Friday, January 19, 2024 and will close on January 24, 2024.
4]Euphoria Infotech India IPO Size: The company is aiming for an increase ₹9.6 crore from this public issue through issue of new shares.
5]Euphoria Infotech India IPO Size: The minimum lot size for an application is 1200 shares. The minimum investment amount required by private investors is ₹120,000. The minimum investment size for HNI is 2 lots (2,400 shares) worth ₹240,000. The maximum offering quantity for qualified institutional investors is 912,000 shares. The maximum bid amount for non-institutional investors is 884,400.
Also read – Vibrant IPO of Technovision: Issue fully booked on the first day led by private investors; Check GMP
6]Euphoria Infotech India IPO Allotment Date: The company will be listed on the BSE SME with the tentative listing date set at Monday, January 29, 2024.
7]Euphoria Infotech India IPO Registrar: Khandwala Securities Limited is the book running lead manager of the Euphoria Infotech India IPO while Mas Services Limited is the registrar for the issue.
8]Listing of Euphoria Infotech India: The public issue is proposed for listing on the BSE SME.
9]Euphoria Infotech India Listing Date: The expected listing date is January 25, 2023.
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Published: Jan 23, 2024 05:56 PM IST
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