The initial public offering (IPO) of Euro Pratik Sales entered its final day of bidding on Thursday, with the issue subscribed 0.81 times as of 11 am, according to data on the NSE. Investors have bid for 1.08 crore shares against the 1.34 crore shares on offer so far.
Euro Pratik Sales IPO subscription status:
Non-institutional investors (NIIs) led the demand, subscribing 1.35 times their allotted quota. Retail individual investors (RIIs) subscribed 0.87 times, while qualified institutional buyers (QIBs) bid for just 0.26 times their portion.
In absolute terms, QIBs bid for 10.14 lakh shares against 38.29 lakh shares reserved, NIIs for 38.75 lakh shares against 28.71 lakh shares, and RIIs for 58.02 lakh shares against 67 lakh shares.
Issue details:
The IPO comprises 1.83 crore shares, targeting to raise Rs 451.31 crore. The price band is fixed at Rs 235–247 per share with a lot size of 60 shares. A minimum investment of Rs 14,820 is required for retail investors.
Bidding opened on September 16 and closes today, September 18. The basis of allotment is likely to be finalised on September 19, with credit of shares to demat accounts soon after. Euro Pratik Sales shares are tentatively scheduled to list on the BSE and NSE on September 23.
Company profile:
Euro Pratik Sales operates in the decorative wall panels and laminates segment in India. For FY25, the company reported revenue of Rs 284 crore, up from Rs 222 crore a year earlier. Net profit rose 21.5 per cent to Rs 77 crore from Rs 63 crore. EBITDA margin stood at 35.7 per cent, net profit margin at 27 per cent, return on equity at 32.8 per cent and return on capital employed at 43.7 per cent.
