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India’s decorative panel and laminate powerhouse, Euro Pratik Sales Limited, has officially closed its initial public offering (IPO) on September 18, 2025, drawing solid interest across investor categories. With a price band of Rs 235 to Rs 247 per share and a total issue size of Rs 451.31 crore, the IPO was structured as a pure offer for sale (OFS), meaning no fresh equity was issued. The company’s listing is now eagerly awaited on both NSE and BSE, with allotment and debut dates just around the corner.
Here’s a comprehensive breakdown of the IPO’s performance, investor sentiment, and what to expect next.
1. Subscription Status: Who Showed Up and How Strong
- The IPO was subscribed 1.34 times overall by the close of bidding on September 18
- Retail investors subscribed 1.23 times, showing healthy participation from individual bidders
- Non-Institutional Investors (NIIs) led the charge with a 1.92x subscription, indicating strong interest from high-net-worth individuals and corporates
- Qualified Institutional Buyers (QIBs) came in at 1.05x, reflecting cautious optimism from large financial institutions
- The employee quota saw robust demand, with subscriptions reaching 3.17 times
2. Price Band, Lot Size, and Investment Threshold
- Price band: Rs 235 to Rs 247 per equity share
- Lot size: 60 shares per lot
- Minimum investment: Rs 14,820 at the upper price band
- Since the IPO is a pure OFS, the company will not receive proceeds directly; instead, existing shareholders are offloading part of their stake
3. Grey Market Premium and Listing Price Prediction
- The Grey Market Premium (GMP) hovered between Rs 1 and Rs 5 during the subscription window, suggesting a modest listing gain
- Based on GMP trends, the estimated listing price is expected to be around Rs 248 to Rs 252, translating to a 0.40 to 2.02 percent premium over the issue price
- It’s worth noting that GMP is an unofficial indicator and should not be considered a reliable predictor of actual listing performance
4. Allotment and Listing Timeline
- Allotment date: September 19, 2025
- Listing date: September 23, 2025, during market hours on both NSE and BSE
- Investors can check allotment status via the registrar MUFG Intime India Private Limited or through their broker platforms
- Axis Capital Limited and DAM Capital Advisors Limited served as the book-running lead managers for the issue
5. Company Snapshot: What Euro Pratik Brings to the Table
- Founded in 2010, Euro Pratik Sales Limited specializes in decorative wall panels and laminates, with flagship product lines like Louvres, Chisel, and Auris
- The company holds a 15.87 percent revenue market share in the organized segment and distributes across 88 cities in India
- Bollywood actor Hrithik Roshan serves as brand ambassador, adding aspirational value to the brand’s positioning
- Financials show steady growth, with EBITDA rising from Rs 621.63 million in FY22 to Rs 890.02 million in FY24
6. Brokerage Sentiment and Investor Outlook
- HEM Securities and Ventura Securities have both issued Subscribe ratings, citing Euro Pratik’s market leadership, diversified portfolio, and strong financials
- Analysts view the IPO as a long-term play, especially for investors looking to tap into India’s booming interior design and home improvement market
- The company’s strong brand recall and expanding distribution network make it a compelling mid-cap candidate post-listing
Closing Thought: A Stylish Debut Awaits
Euro Pratik’s IPO may not have set the grey market ablaze, but its fundamentals and brand equity suggest a stable and promising listing. As allotments roll out and the counter prepares to hit the exchanges, investors and market watchers alike will be keen to see if this decorative giant can carve out a premium spot in India’s equity landscape.
Sources: MSN News, NiftyTrader, ET Now, IPOWatch India.
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