Euro Pratik Sales Ltd opened its initial public offering (IPO) today, September 16, for subscription. The price band has been set between Rs 235 and Rs 247 per equity share with a face value of Re 1. The IPO aims to raise Rs 451.31 crore through an Offer for Sale (OFS) by the promoters. The issue has been subscribed 43Â per cent so far.
Euro Pratik Sales IPO subscription status:
The issue has been subscribed 43 per cent so far on day 1 of bidding, with a total subscription of  58,25,340 shares out of 1,34,64,781. Breaking it down, Qualified Institutional Buyers(QIBs) have subscribed 10,12,620 shares out of 38,29,062 reserved shares, while Non Institutional Investors (NIIs) and Retail Individual Investors(RIIs) have subscribed 25,50,300 and 21,84,960 shares out of 28,71,798 and 67,00,862 reserved shares, respectively, according to the data received on NSE.
In terms of percentage, the QIBs received 26 per cent bids, while the NIIs and retail portion were subscribed 89 per cent and 33 per cent respectively.
IPO details:
Euro Pratik Sales IPO is a book-built issue of 1.83 crore shares of Rs 451.31 crore. The bidding window for the issue is from September 16 to September 18. The allotment status is expected to be finalised on September 19, and the tentative listing date is fixed at September 23, 2025.
The price band of the IPO is set at Rs 235 to Rs 247 apiece, with a lot size of 60 shares (minimum investment required for retail is Rs 14,820).
Company overview:
Euro Pratik Sales is a brand that operates in decorative wall panels and laminates in India. According to the financial performances for FY25, the company recorded an increase in revenue to Rs 284 crore from Rs 222 crore, and a 21.5 per cent increase in net profit, from Rs 63 crore to Rs 77 crore. EBITDA was at 35.7 per cent, and net profit margin was 27 per cent. Return on Equity (ROE) was 32.8 per cent, and Return on Capital Employed (ROCE) was 43.7 per cent.
