The share allotment for Euphoria Infotech India s IPO has likely been finalized. Investors can check the allotment status on the BSE website using their application number or PAN number. The IPO was subscribed 364.71 times, with the retail portion oversubscribed 426.65 times and the non-institutional investors quota oversubscribed 237.99 times.
The IPO of Euphoria Infotech India was subscribed 217.31 times on the BSE, with retail portion at 281.82 times and non-institutional investors quota at 108.98 times. The issue offers 960,000 shares with a price band of Rs 96-100 per share. The company plans to use the IPO proceeds for working capital and general corporate purposes.
Earlier, the issue was scheduled to close today but the closing has now been extended by a day. It will close on January 24, Wednesday. On Monday, markets were closed on account of the Ayodhya Ram Mandir consecration ceremony.
Euphoria Infotech India IPO opens today. The IPO closes on January 23, with a price band of Rs 96-100 per share. The company is offering 960,000 shares, and the shares were commanding a premium of Rs 40 in the grey market. The basis of allotment will be finalised on January 24, and the stock will be listed on January 29 on the BSE SME platform. The net proceeds from the IPO will be used for working capital and general corporate purposes.