Euro Pratik IPO opens: Anchor investment of Rs 135 cr, but GMP at zero | Check details
Euro Pratik Sales IPO opens today (September 16) for bidding. The IPO entirely consists of OFS shares with the issue proceeds of Rs 451.32 crore not accruing to the company and going to the promoters. The bidding process will close on September 18.
Kolkata: Euro Pratik Sales, which is a prominent player in the decorative wall panel sector, has successfully placed shares worth Rs 135 crore to anchor investors on Monday, September 15. The list of anchor investors includes Motilal Oswal Mutual Fund (MF), ITI MF, Alchemy Capital Management, Nuvama Wealth, Ashish Kacholia-backed Bengal Finance and Investment, Turnaround Opportunities Fund, Neo Asset Management, SB Opportunities Fund II, 360 One group and US-based PineBridge Investments. The company sold more than 54.64 lakh equity shares to the anchor investors garnering Rs 247 per share, aggregating the fund raising to Rs 134.97 crore.
Euro Pratik Sales IPO GMP
According to investorgain, Euro Pratik Sales IPO has been consistently zero from September 9. It failed to take off even on the first day of the bidding process. Therefore, the listing gain indicated by the GMP is also zero. However, it must be kept in mind that GMP or Grey market premium is an unofficial indicator that can change with time and cannot guarantee anything -- listing gain or loss.
However, reports highlighted a few risk factors of the company such as being heavily dependent on contract manufacturers for the products they sell. The company also depends significantly on decorative wall panels for revenue, and third, Euro Pratik Sales suffered negative cash flow in FY25.
Euro Pratik Sales IPO price, lot size, allotment date
The price band for Euro Pratik IPO is Rs 235-247. The minimum lot size for a retail investor is 60, which calls for a minimum application money of Rs 14,820 according to the upper end of the price band. The smallest lot size investment for sNII category is 840 shares and that for the bNII category is 4,080 shares.
The allotment for the Euro Pratik Sales IPO will take place on September 19, 2025 and the shares will list on BSE, NSE with a tentative listing date fixed as Sep 23, 2025. Axis Capital and DAM Capital Advisors are the book-running lead managers of the issue.
The company was set up in 2010. Euro Pratik has a wide product range that is sold under brands such as 'Euro Pratik' and 'Gloirio'. They cater to residential and commercial applications. Its manufacturing partners are located in South Korea, China and the US. The company boasts of a distribution network in 116 Indian cities across 25 states and five union territories. The company exports to countries such as Singapore, UAE and Australia and has plans to expand into new markets.
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