Euro Pratik Sales IPO: Decorative Wall Panel Seller’s Public Issue Fully Subscribed On Final Day Of Subscription

Euro Pratik Sales IPO: The public issue of Euro Pratik Sales is scheduled to close on September 18. It has been fully subscribed on the third day of bidding.

Euro Pratik Sales IPO GMP

The grey market premium (GMP) of Euro Pratik Sales’ initial public offering (IPO) jumped on the final day of bidding. It is ranging between Rs 5 and Rs 6 per share, according to several websites, which track the movement of unlisted shares. Euro Pratik Sales shares are expected to list with gains of 2 per cent at Rs 253 per share.

Euro Pratik Sales IPO: Subscription On Day 3

Euro Pratik Sales IPO has received bids for over 13.85 million shares so far against the 1.34 million shares on offer for subscription, leading to the issue being subscribed 1.03 times. Non-institutional investors (NIIs) are driving the demand for the shares, as the issue has been booked 1.71 times in the NII category so far. They have placed bids for more than 4.91 million shares of the company against the 2.87 million shares reserved for them for subscription. Retail investors have booked the share 1.06 times by placing bids for 7.12 million shares compared to the 6.7 million shares reserved for the category.

Qualified institutional buyers (QIBs) have applied for 1.59 million shares of the decorative laminate seller’s public issue so far on the last day of bidding against the 3.82 million shares reserved for the category, booking the issue 42 per cent. Employees of the company applied for 2.22 lakh shares compared to the 63,059 shares offered for subscription, leading to the issue being booked 3.52 times so far.

Euro Pratik Sales IPO Issue Size

Euro Pratik Sales seeks to raise Rs 451.31 crore from its public issue, which consists of a fresh issuance of 18.30 million shares. The price band was set at Rs 235-247 per share. The minimum lot size for retail individual investors was fixed at 60 shares, which aggregates to an investment of Rs 14,820.

Euro Pratik Sales IPO: Subscription Dates and Listing Date

Euro Pratik Sales IPO opened for subscription on September 16 and is scheduled to close on September 18. The share allotment status of Euro Pratik Sales IPO will be announced on September 19. Unsuccessful applicants will receive their refunds on September 22 and the shares will be listed on the bourses on September 23.

Euro Pratik Sales: Financials

Euro Pratik’s total income for FY25 surged to Rs 291.52 crore, growing by nearly 26 per cent from Rs 230.11 crore in FY24. The decorative wall panel retailer’s profit-after-tax (PAT) stood at Rs 76.44 crore, up by 21 per cent in FY25 compared to a net profit of Rs 62.91 crore in the preceding fiscal.

Euro Pratik Sales IPO: Registrar

The IPO’s book running lead manager is Axis Capital and the registrar for the issue is MUFG Intime India.

Euro Pratik Sales: Promoters

The promoters of Euro Pratik Sales include Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunwantraj Singhvi HUF and Jai Gunwantraj Singhvi HUF. The promoters held 87.97 per cent stake in Euro Pratik Sales prior to the public issue, which will now reduce to 70.10 per cent.

Euro Pratik Sales IPO: Objective

Euro Pratik Sales will not receive the proceeds of the public issue. However, the company expects to benefit from listing its equity shares on the exchanges.