Euro Pratik Sales IPO: The Euro Pratik Sales IPO entered its second day of bidding on Wednesday, September 17. The issue has been subscribed 62 per cent so far. The IPO is a complete offer-for-sale (OFS) by the promoters, aiming to raise Rs 451.31 crore.
Euro Pratik Sales IPO subscription status:
The issue has been subscribed 62 per cent so far on the second day of bidding at 2:00 pm, with a total of 82,88,220 shares subscribed out of 1,34,64,781.
The Euro Pratik Sales IPO has received a strong demand from the Non-Institutional Investors (NIIs) who have subscribed the issue 1.09 times. Qualified Institutional Buyers(QIBs) have subscribed 0.26 times, while Retail Individual Investors(RIIs) have subscribed 0.60 times, according to the data received on NSE.
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Breaking it down, QIBs have subscribed 10,12,620 shares out of 38,29,062 allotted shares, while NIIs have received bid for 31,44,540 against 28,71,798 allotted shares. RIIs have received subscription of 40,73,280 shares out of 67,00,862 reserved shares, respectively.
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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.
