Euro Pratik Sales IPO GMP Today: The company, on Wednesday, fixed a price band of Rs 235 to Rs 247 per share for its upcoming Rs 451.32 crore public issue. Investors can bid for a minimum of 60 shares and in multiples thereof. The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component.
Euro Pratik Sales Ltd, a prominent player in the decorative wall panel industry, is set to launch its initial public offering ( IPO ) next week. The IPO will open for subscription on Tuesday, September 16, and conclude on Thursday, September 18.
In this article, let's check the GMP, price band, and other details of the public issue of Euro Pratik Sales.
The company, on Wednesday, fixed a price band of Rs 235 to Rs 247 per share for its upcoming Rs 451.32 crore public issue. Investors can bid for a minimum of 60 shares and in multiples thereof.
The GMP of Euro Pratik Sales IPO today was Rs 0. This means that the shares of Euro Pratik were trading at their issue price of Rs 247 with no premium or discount in the grey market, according to investorgain.com.
Half of the offer size has been reserved for qualified institutional buyers, 35 per cent has been set aside for retail investors and the remaining 15 per cent for non-institutional investors.
The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component.
Euro Pratik has an extensive product range catering to both residential and commercial applications, which is predominantly sold under its flagship brands 'Euro Pratik' and Gloirio.
The company operates on an asset-light model - it outsources manufacturing to contract partners across South Korea, China, and the US. As of March 31, 2025, its distribution network spans across 116 cities in India, with 180 distributors operating across 25 states and five union territories in India.
The company's revenue from operations increased by 28 per cent to Rs 284.23 crore for fiscal 2025 from Rs 222 crore in the preceding fiscal. Profit after tax rose by 21.51 per cent to Rs 76.44 crore for fiscal 2025 against Rs 63 crore in fiscal 2024.
Axis Capital and DAM Capital Advisors are the book-running lead managers of the issue. MUFG Intime India Pvt.Ltd. is the registrar of the issue.
The finalization of basis of allotment for Euro Pratik Sales IPO will be done on Friday, September 19. The allotted shares will be credited to investors' demat account by Monday, September 22.
The equity shares are proposed to be listed on the National Stock Exchange of India Ltd (NSE) and BSE Ltd. Though the listing date is not yet to be announced, the tentative date of Euro Pratik Sales IPO listing is Tuesday, September 23.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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