The initial public offering (IPO) of Euro Pratik Sales Ltd, a prominent player in the decorative wall panel industry, is now open for subscription. Ahead of this, the company mobilised Rs 135 crore from anchor investors. The anchor round saw participation from investors like Ashish Kacholia-backed Bengal Finance and Investment, Alchemy Capital Management, 360 One group, Motilal Oswal Mutual Fund (MF), ITI MF, Nuvama Wealth, Turnaround Opportunities Fund, Neo Asset Management, SB Opportunities Fund II and US-based PineBridge Investments. Let's have a look at the grey market premium (GMP), price band, lot size and other details.
Euro Pratik Sales IPO Price Band
The shares of the company will be available for subscription in the price band of Rs 235 to Rs 247 per share.
Euro Pratik Sales IPO GMP Today
According Investorgain, the grey market premium (GMP) today was Rs 0. This means the estimated listing price of the shares of the IPO is Rs 247.
Euro Pratik Sales IPO Expected Allotment Date
The allotment of the issue is expected to be finalised on September 24, 2025.
Euro Pratik Sales IPO Expected Listing Date
The shares of Euro Pratik Sales will be listed on the National Stock Exchange and BSE. The expected date of listing is September 23, 2025.
The company allotted a little over 54.64 lakh equity shares to investors at Rs 247 per share, aggregating the fund raising to Rs 134.97 crore.
The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component, and will open for subscription on September 16 and conclude on September 18.
Euro Pratik Sales IPO: What does the company do?
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.
