Image Source : The Financial Express
Euro Pratik Sales Ltd has successfully closed its initial public offering with full subscription on the final day of bidding, September 18, 2025. The IPO, which opened on September 16, saw robust demand across investor categories, culminating in an overall subscription rate of 8.40 times. The offering, entirely structured as an offer-for-sale, involved promoters divesting up to 1.83 crore equity shares, targeting proceeds of Rs 451.31 crore.
Despite muted enthusiasm in the grey market, the IPO attracted strong institutional and non-institutional interest, signaling confidence in the company’s growth trajectory and sectoral positioning. Euro Pratik Sales operates in the decorative wall panels and laminates segment, a niche yet expanding market driven by urban interior design trends and real estate development.
Key Highlights From The Final Subscription Data
- IPO subscribed 8.40 times overall by close of bidding
- Non-institutional investors oversubscribed their quota by 13.78 times
- Qualified institutional buyers subscribed 7.09 times
- Retail investors oversubscribed 6.56 times
- Price band fixed at Rs 235 to Rs 247 per share
- Minimum lot size of 60 shares, requiring Rs 14,820 per retail application
- Grey market premium hovered around Rs 5 per share, indicating a modest 2 percent upside
Investor Breakdown And Market Response
The IPO saw enthusiastic participation from non-institutional investors, who led the demand with a subscription rate of nearly 14 times. This was followed by qualified institutional buyers, whose interest surged on the final day, and retail investors who maintained steady engagement throughout the three-day window.
While the grey market premium remained subdued at Rs 5 per share above the upper price band, analysts believe the long-term fundamentals of Euro Pratik Sales justify the valuation. The company’s strong return metrics, including a net profit margin of 27 percent and return on equity of 32.8 percent for FY25, have bolstered investor confidence.
IPO Structure And Financial Snapshot
The Euro Pratik Sales IPO was entirely an offer-for-sale, meaning the company itself will not receive any proceeds from the issue. Instead, the funds raised will go to the selling shareholders after accounting for offer-related expenses and taxes.
Key financial indicators for FY25 include:
- Revenue of Rs 284 crore, up from Rs 222 crore in FY24
- Net profit of Rs 77 crore, marking a 21.5 percent year-on-year increase
- EBITDA margin of 35.7 percent
- Return on capital employed at 43.7 percent
These figures reflect operational efficiency and strong demand for the company’s decorative product lines, which cater to both residential and commercial interior markets.
Allotment And Listing Timeline
With bidding now closed, the allotment of shares is expected to be finalized by September 19. Successful applicants will see shares credited to their demat accounts shortly thereafter. The listing is tentatively scheduled for September 23 on both the BSE and NSE.
Investors can check their allotment status through the registrar’s portal or via the BSE website using their PAN, application number, or demat details.
Forward Outlook And Strategic Positioning
Euro Pratik Sales is well-positioned to capitalize on India’s growing demand for aesthetic and functional interior solutions. The company’s extensive distribution network, product innovation, and brand visibility in Tier 1 and Tier 2 cities provide a strong foundation for future growth.
Post-listing, the company is expected to:
- Expand its product portfolio into modular furniture and surface finishes
- Strengthen its retail footprint through exclusive brand outlets
- Explore export opportunities in Southeast Asia and the Middle East
- Invest in digital platforms to enhance customer engagement and sales
Sources: Business Standard, Financial Express, Zee Business
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