Summary of this article
Euro Pratik Sales IPO subscribed 15 per cent in the first hour of bidding on the opening day
Euro Pratik Sales IPO shares are trading at par, without any premium, in grey market
Euro Pratik Sales, founded in 2010, sells decorative wall panels and laminates
The initial public offering (IPO) of Euro Pratik Sales opened for public subscription on September 16, and will remain open until September 18. In the first hour of bidding on the opening day, Euro Pratik Sales IPO drew decent investor interest, as it was subscribed 15 per cent of the shares on offer.
Ahead of the opening of bidding window, Euro Pratik Sales raised Rs 135 crore from anchor investors. Among the marquee investors was the market veteran Ashish Kacholia-backed Bengal Finance and Investment Pvt Ltd, which bought 3,03,300 shares at Rs 247 worth Rs 7.5 crore. Mutual Fund schemes Motilal Oswal Large Cap Fund invested Rs 25 crore and ITI Multicap Fund invested Rs 10 crore at the same price.
Euro Pratik Sales IPO Subscription Status
The qualified institutional buyer (QIB) category saw nil subscription, the non-institutional investor (NII) quota saw 41 per cent, or 0.41 times subscription, while the retail investor portion was booked 12 per cent, or 0.12 times. The quota reserved for employees received 42 per cent, or 0.42 times subscription, by the first hour of the opening of bidding.
Euro Pratik Sales IPO GMP Today
According to websites tracking the grey market, shares of Euro Pratik Sales are trading at par, without any premium. This indicates that the Euro Pratik Sales IPO’s grey market premium (GMP) currently stands at zero.
It is worth noting that GMP is not a reliable indicator of the listing price or future performance of an IPO.
Euro Pratik Sales IPO Details
Euro Pratik Sales IPO Offer Size: The IPO is entirely an offer for sale issue of 18.3 million shares worth Rs 451.31 crore.
Euro Pratik Sales IPO Price Band: The price band has been set between Rs 235 and Rs 247 per share.
Euro Pratik Sales IPO Lot Size: For retail investors, the minimum application is one lot of 60 shares, which comes to around Rs 14,950.
Euro Pratik Sales IPO Allotment Date: The allotment of shares is expected to be finalised on September 19. Successful applicants will receive shares in their demat accounts on September 22.
Euro Pratik Sales IPO Listing Date: Euro Pratik Sales shares are likely to list on September 23, on both BSE and NSE.
Euro Pratik Sales IPO BRLM: The book-running lead managers of Euro Pratik Sales IPO are Axis Capital Ltd and DAM Capital Advisors Ltd.
Euro Pratik Sales IPO Registrar: The registrar of Euro Pratik Sales IPO is MUFG Intime India Pvt Ltd.
Euro Pratik Sales IPO Reservation: As much as 50 per cent of the issue size is reserved for QIBs. Up to 35 per cent is allocated to retail investors, while 15 per cent is set aside for NIIs.
About Euro Pratik Sales
Euro Pratik Sales, founded in 2010, sells decorative wall panels and laminates. The company designs modern products, including Louvres, Chisel, and Auris, for both homes and offices.
As of March 2025, according to its red herring prospectus (RHP), Euro Pratik Sales offers over 30 product categories and 3,000 designs, with 113 product catalogs launched in the past four years. The company's RHP stated that its products are eco-friendly, durable, anti-bacterial, anti-fungal, made from recycled materials, and free from harmful metals, offering an alternative to wallpaper, wood, and paint.
The company has a distribution network across 116 cities in India with 180 distributors in 25 states and five union territories. It also exports to six countries, including Singapore, UAE, and Australia, and plans to expand into new markets.
