Summary of this article
Euro Pratik Sales IPO subscribed 0.61 times on Day 2 so far, as of 1:30 PM
Euro Pratik Sales IPO GMP jumped from nil to Rs 8 per share
Euro Pratik Sales IPO shares are set to be allotted on September 19, and list on September 23
Euro Pratik Sales IPO: The initial public offering (IPO) of Euro Pratik Sales entered its second day of bidding on September 17, with the issue being so far subscribed 61 per cent of the total shares on offer. The Euro Pratik Sales IPO opened for subscription on September 16, and will remain open until September 18.
The Euro Pratik Sales IPO shares are being offered at a price band of Rs 235-247 per share in lot size of 60 shares. The minimum amount for retail investors to subscribe to one lot of Euro Pratik Sales IPO is Rs 14,820. The Euro Pratik Sales IPO is a book-built issue of Rs 451.31 crore and consists of an offer-for-sale (OFS) of 18.30 million shares.
The Euro Pratik Sales IPO consists of a total of 12,807,308 shares. Of this, 3,641,463 shares or 28.43 per cent are allocated for qualified institutional buyers (QIBs); another 3,641,463 shares or 28.43 per cent are allocated for QIBs excluding anchor investors, and 2,731,805 shares or 21.33 per cent to non-institutional investors (NIIs). A total of 6,374,212 shares or 49.77 per cent are allocated for retail investors.
Euro Pratik Sales IPO Subscription Status
As of 1:30 PM, the QIB portion in Euro Pratik Sales IPO was subscribed 0.26 per cent, or 0.26 times, the NII category saw 105 per cent subscription, or 1.05 times, while the retail investor quota was booked 60 per cent, or 0.60 times.
The shares reserved for employees have been oversubscribed by 219 per cent, or 2.19 times. For employees of Euro Pratik Sales, shares will be issued at a discount of Rs 13 over the final issue price.
Euro Pratik Sales IPO GMP Today
Euro Pratik Sales IPO is trading at a grey market premium (GMP) of Rs 8 over the issue price, according to multiple websites tracking unlisted shares of IPO-bound companies in the grey market.
At the upper price band of Rs 247, and given the current GMP, Euro Pratik Sales IPO is expected to list at Rs 255 per share on the bourses.
Two days ago, on September 15, Euro Pratik Sales IPO was trading at par with the issue price.
It is worth noting that the GMP does not reflect the actual listing price, as it is based on informal market sentiment and speculative trading.
Euro Pratik Sales IPO Allotment, Listing Dates
The basis of allotment for Euro Pratik Sales IPO shares is expected to be finalised on September 19, 2025 and the shares will be credited to the demat account of the successful bidders on September 22.
Euro Pratik Sales IPO: Ashish Kacholia Invests Rs 7.50 crore
Euro Pratik Sales raised Rs 135 crore from anchor investors ahead of the opening of its three-day IPO bidding window. The company allotted 5,464,554 shares to anchor investors at Rs 247 per share. Of this, market veteran Ashish Kacholia-owned Bengal Finance and Investment was allocated 3,03,300 shares or 5.55 per cent of total anchor investor allocation, amounting to an investment of Rs 7.49 crore.
Apart from this, two domestic mutual fund schemes also invested in Euro Pratik Sales. These include Motilal Oswal Large Cap Fund with an investment of Rs 25 crore, and ITI Multi Cap Fund with an investment of Rs 10 crore.
About Euro Pratik Sales
Euro Pratik Sales, established in 2010, sells decorative wall panels and laminates. According to is red herring prospectus (RHP), over the past seven years, it has built a diverse portfolio for both residential and commercial use. As of March 31, 2025, it offers over 30 product categories and 3,000 designs, with 113 product catalogs launched in the last four years.
Euro Pratik Sales IPO's RHP states that its products are eco-friendly, durable, and made from recycled materials, and offers an alternative to wallpaper, wood, and paint. They are also anti-bacterial, anti-fungal, and free from harmful heavy metals, its RHP added.
The company has a distribution network across 116 cities, with 180 distributors in 25 states and five union territories. It also exports to six countries, including Singapore, UAE, and Australia, with plans for further expansion.
