Euphoria Infotech makes bumper debut, bags order from government of West Bengal's undertaking

Shares of Euphoria Infotech India made a strong debut on the BSE on Dalal Street today i.e. January 30. The stock of Euphoria Infotech got listed at Rs 190, marking a stellar 90 per cent premium over the issue price, on the BSE SME platform. The share went on to hit the day's high of Rs 199.50 and a low of Rs 180.50 before closing at Rs 181.51.

Earlier, Euphoria Infotech India IPO had seen a good response from investors as the issue was subscribed 383.86 times. The public issue subscribed 426.65 times in the retail category, 413.26 times in QIB, and 280.88 times in the NII category.

After making a strong debut, the company bagged an order from Webel Technology Limited - a nodal agency for the Government of West Bengal for implementation of IT and ITes. 

According to an exchange filing, the order is worth Rs 93.90 lakh.

"The company has bagged an order worth gross value Rs 93.90 lakhs from Webel Technology Limited. The said order is expected to be completed within May, 2024," Euphoria Infotech said in the filing.