What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Euphoria Infotech India Limited IPO?

Based on the upper price band of ₹100 and current GMP of ₹85, the estimated listing price is ₹185 (approx. 85.0% gain).

What is the expected profit per lot for Euphoria Infotech India Limited IPO?

With a lot size of 1200 shares and current GMP of ₹85, expected profit per retail application lot is approximately ₹1,02,000.

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Grey Market Intelligence

Euphoria Infotech India Limited

ListedSME

Emerging SME Services · BSE

Incorporated in May 2001, Euphoria Infotech India Limited is a Kolkata-based full-stack IT and ITES solutions provider specializing in ERP, e-commerce, IoT, cloud-based tools, and data management. The company's offerings span five key categories: customized software, e-commerce, IoT, artificial intelligence, and machine learning, catering to applications such as online recruitment, urban local body services, university management systems, ticket booking, and industry-specific IoT solutions. For fiscal years 2021, 2022, and 2023, the company reported revenues of ₹556.14 Lakhs, ₹493.87 Lakhs, and ₹737.56 Lakhs, respectively, with corresponding Profit after Tax of ₹23.91 Lakhs, ₹21.71 Lakhs, and ₹129.71 Lakhs. As of May 31, 2023, Euphoria Infotech employs 29 personnel across various departments and has 16 contracted IT professionals dedicated to software development and project execution.

Price Band

₹96 – ₹100

Issue Size

₹9.60 Cr

Lot Size

1200 shares

GMP

₹85

+85.0%

Est. Listing

₹185

at current GMP

Subscribed

364.71x

overall

Open

19 Jan 2024

24 Jan 2024

Allotment

25 Jan 2024

Refund

26 Jan 2024

Demat Credit

27 Jan 2024

Listing

30 Jan 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Euphoria Infotech India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹85+85.0%

Issue Price (Upper)

₹100

Band: ₹96 – ₹100

Estimated Listing Price

₹185

Upper price + GMP

Lot Size

1200 shares

Min investment ₹1,20,000

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹85	85.0%	₹185
30 Oct 2026	+₹85	85.0%	₹185
29 Oct 2026	+₹77	76.5%	₹177

About Euphoria Infotech India Limited Public Issue & Market Profile

Euphoria Infotech India Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹9.6 Crores. The shares are offered at a price band of ₹96 to ₹100 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2024-01-24, the basis of allotment is scheduled to be finalized on 2024-01-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Mas Services Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Euphoria Infotech India Limited IPO GMP today?

The latest grey market premium for Euphoria Infotech India Limited IPO is ₹85, which indicates an expected listing price of ₹185.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.