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.
The IPO is entirely an entirely fresh issue where the company is offering 960,000 shares with a minimum bid quantity of 1,200 shares. The maximum bid quantity for QIBs and NIIs is 912,000 shares. The price band for the IPO is fixed at Rs 96-100 per equity share with a face value of Rs 10 per share.