Source: IndiaTV
Euro Pratik Sales Ltd, a prominent decorative wall panel manufacturer, has opened its Initial Public Offering (IPO) for subscription on September 16 and will close its IPO on September 18, 2025. The shares of the company are likely to be listed on the NSE and BSE on September 23, 2025.
IPO Highlights:
- Issue size: ₹451.32 crore (entirely an Offer for Sale by promoters, no new issue)
- Price band: ₹235 – ₹247 per share
- Lot size: Minimum 60 shares and in multiples thereafter
- Listing Date: September 23, 2025
Grey Market Premium (GMP)
As per the market tracker Investorgain, in the grey market, the IPO has a premium of ₹0 indicating an expected listing price at the upper end of the price band, which is ₹247, without any premium.
Anchor Investment
Before the subscription opened, Euro Pratik had raised approximately ₹135 crore from anchor investors. The anchor list included Bengal Finance and Investment, which is supported by Ashish Kacholia, Alchemy Capital, Motilal Oswal MF, 360 One group, ITI MF, Nuvama Wealth, Turnaround Opportunities Fund, Neo Asset Management, SB Opportunities Fund II, and PineBridge Investments, based in the United States. In total, 54.64 lakhs of shares were issued at ₹247 for each share.
Company Overview
Euro Pratik sells a variety of decorative products for residential and commercial settings. The Euro Pratik and Gloirio brands have 30 categories and 3,000 design choices. The company adopts an asset-light approach and sources manufacturing to partners in Korea, China, and the United States.
Financial
- Revenue in FY25 at around ₹291.5 crores.
- Net profit in FY25 at around ₹76.4 crores.
- Revenue in FY24 at around ₹230.1 crores.
- Net profit in FY24 at around ₹63 crores (Approx)
The company has good margins and healthy return ratios.
Market Comment
Euro Pratik has solid financials and institutional support from large investors, but the zero GMP indicates little excitement in the grey market. Analysts are generally stating the current valuation seems high and that potential short-term gains are likely to be muted. However, long-term investors willing to tie up their capital for the future of the decorative interiors space may still find the IPO interesting.
Conclusion: The Euro Pratik Sales IPO boasts a sound financial track record, endorsement from established institutional investors and an increasing position in the decorative interiors business. Despite the absence of any price appreciation in the grey market suggesting limited near-term listing gains, the IPO may not seem appealing for investors looking for quick-return strategies.
