Euro Pratik Sales IPO GMP:  Key Things To Know About Decorative Laminate Seller’s Public Issue

Euro Pratik IPO: The initial public offering (IPO) of Euro Pratik Sales is all set to open for subscription on September 16. Here’s a look at some key details that applicants should know about the IPO before it opens for bidding tomorrow.

Euro Pratik Sales IPO GMP

The grey market premium (GMP) of shares of Euro Pratik Sales is currently nil, according to multiple websites which track the demand for unlisted shares.

Euro Pratik Sales IPO: Offer Size, Listing Date, Price Band

The IPO issue size aggregates to Rs 451.31 crore and consists of an offer for sale (OFS) component of 18.30 million shares. The price band has been fixed at Rs 235-247 per share. For retail investors, the minimum lot size to apply is one lot consisting of 60 shares aggregating to a minimum investment of Rs 14,950.

As much as 50 per cent of the offer size of Euro Pratik Sales IPO has been reserved for qualified institutional buyers (QIBs). Up to 35 per cent of the offer size has been set aside for the retail category and 15 per cent has been reserved for non-institutional investors (NIIs).

The allotment status is likely to be finalised on September 19. Once the share allotment status is decided, successful bidders will receive the shares in their demat accounts on September 22. Shares of Euro Pratik Sales will tentatively list on the BSE and NSE on September 23.

Euro Pratik Sales: Key Financials

Euro Pratik Sales' total income for the fiscal year ending March 31, 2025 was Rs 291.52 crore, up by over 26 per cent from Rs 230.11 crore in the previous fiscal. The company’s profit-after-tax (PAT) for FY25 stood at Rs 76.44 crore, up by 21 per cent compared to Rs 62.91 crore in the preceding fiscal. The net worth of the company was up by over 50 per cent to Rs 234.49 crore in FY25 from Rs 155.73 crore in the preceding fiscal.

Euro Pratik Sales: Peers

Euro Pratik Sales does not have any direct peers in the Indian market. However, the company mentioned in its red herring prospectus (RHP) that companies which cater to similar aspects and have a similar nature of business, such as Greenlam Industries, Asian Paints, Berger Paints India and Indigo Paints are among its comparable peers.

Euro Pratik Sales: Business Model

Euro Pratik Sales operates in the decorative wall panel and decorative laminates industry. According to a report by management consulting firm Technopak, the company is among India’s leading decorative wall panel brands and has a market share of 15.87 per cent by revenue in the organised sector. The company mentioned in its RHP that it develops differentiated design templates for decorative wall panels and decorative laminates, and retails its products through the brand names “Euro Pratik” and “Gloirio”. As of March 31, 2025, the company claims to have a product portfolio comprising 30 product categories and over 3,000 designs.

Euro Pratik Sales IPO: Risks and Strengths

Here’s a look at some of the key risks related to Euro Pratik Sales’ business, according to the company’s RHP:

• Euro Pratik Sales mentioned in its RHP that the company’s business is sensitive to exchange rate fluctuations and any devaluation of the rupee vis-a-vis other currencies can negatively affect its business. In Fiscals 2025, 2024 and 2023, the company’s made purchases in foreign currency worth Rs 1,152.77 million, Rs 1,134.6 million and Rs 1,385.90 million, respectively.

• It added that it is materially dependent on its largest contract manufacturer for making its products. Loss of its top contract manufacturer could materially and adversely affect the company’s business.

• It relies on its top 30 distributors heavily. Non-performance by the company’s distributors can adversely affect the company’s business.

• It further mentioned that it does not operate any of its manufacturing facilities and has a reliance on contract manufacturers for all its products.

Here’s a look at some of the key strengths of Euro Pratik Sales according to the company’s RHP:

• Euro Pratik Sales claimed in its RHP that it is one of India’s leading and largest organized wall panel brands.

• The company claims to have a comprehensive product portfolio across various categories and has introduced first-to-market products.

• It said it stays ahead of market trends by leveraging merchandising capabilities and focusing on product novelty and new designs.

• The company claims to have a Pan-India presence with a distribution network of 180 distributors across 25 states and five Union Territories in India.

Euro Pratik Sales IPO: Objective

Euro Pratik Sales plans to carry out its OFS and achieve the benefits of listing its shares on the exchanges.