Synopsis:
Euro Pratik Sales Ltd’s IPO, open from September 16–18, 2025, is an Offer For Sale of 1.83 crore shares at Rs. 235–Rs. 247 each. Listed on BSE and NSE, it offers a 60-share lot size, a Rs. 13 employee discount, and no dilution of existing holdings.
Euro Pratik Sales is set to launch its IPO from September 16, 2025, to September 18, 2025, with shares to be listed on both BSE and NSE. The IPO follows a bookbuilding process and is structured as an Offer For Sale (OFS), with a price band of Rs. 235 to Rs. 247 per share and a face value of Rs. 1 per share.
The lot size is 60 shares, and the total issue size comprises 1.82 crore shares, aggregating up to Rs. 451.31 crore. Additionally, an employee discount of Rs. 13 per share is being offered. The company will maintain a pre- and post-issue shareholding of 10.22 crore shares, indicating that the IPO does not dilute the existing shareholding.
Axis Capital Ltd. serves as the book-running lead manager, while MUFG Intime India Pvt. Ltd. acts as the registrar for the issue.
IPO lot size
For the Euro Pratik Sales IPO, investors can bid for a minimum of 60 shares and in multiples of 60. Retail investors can apply for 1 to 13 lots, corresponding to 60–780 shares, with an investment range of Rs. 14,820 to Rs. 1,92,660.
Small HNI (S-HNI) investors can apply for 14 to 67 lots, or 840–4,020 shares, investing between Rs. 2,07,480 and Rs. 9,92,940. Big HNI (B-HNI) investors can apply for a minimum of 68 lots, equivalent to 4,080 shares, amounting to Rs. 10,07,760 or more.
IPO timeline
Euro Pratik Sales IPO is scheduled to open on September 16, 2025 (Tuesday) and close on September 18, 2025 (Thursday), with the cut-off time for UPI mandate confirmation set at 5 PM on September 18, 2025.
The tentative allotment of shares is expected to be finalized on September 19, 2025 (Friday), followed by the initiation of refunds and credit of shares to investors Demat accounts on September 22, 2025 (Monday). The shares are likely to get listed on stock exchanges on September 23, 2025 (Tuesday).
The last Grey Market Price (GMP) for Euro Pratik Sales IPO was ₹0, as of September 15, 2025, at 3:00 PM. With a price band of ₹247, the IPO’s estimated listing price is ₹247 (cap price plus today’s GMP). This indicates an expected gain or loss of 0.00% per share.
Euro Pratik Sales IPO promoter holding
The promoters of Euro Pratik Sales Ltd. are Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunvantraj Singhvi HUF, and Jai Gunvantraj Singhvi HUF. Their holding in the company is 87.97% pre-IPO, which will reduce to 70.1% post-IPO.
About the company
Incorporated in 2010, Euro Pratik Sales Limited specializes in decorative wall panels and laminates, offering over 30 product categories and 3,000 designs across India. The company is known for innovative products like Louvres, Chisel, and Auris, creating modern, eco-friendly, anti-bacterial, and durable alternatives to wallpaper, wood, and paint. Operating as a fast-fashion brand, it has launched 113 product catalogs in four years, catering to residential and commercial spaces.
Financials of Euro Pratik Sales Ltd
Euro Pratik Sales Ltd’s restated consolidated financials show strong growth over recent years. For the year ending March 31, 2025, the company reported total assets of Rs. 273.84 Cr, total income of Rs. 291.52 Cr, and a profit after tax (PAT) of Rs. 76.44 Cr, representing a 27% increase in revenue and a 22% rise in PAT compared to March 31, 2024. EBITDA stood at Rs. 110.10 Cr, while net worth reached Rs. 234.49 Cr, supported by reserves and surplus of Rs. 223.88 Cr. Total borrowings were minimal at Rs. 2.68 Cr, reflecting the company’s low-debt profile.
The company reports a return on equity (ROE) of 39.18% and a return on capital employed (ROCE) of 44.58%, supported by a minimal debt-to-equity ratio of 0.01. Its return on net worth (RoNW) stands at 32.60%, with a robust PAT margin of 26.08% and an EBITDA margin of 38.74%. The company’s price-to-book value is 10.77, reflecting strong investor confidence.
Objects of the Issue – Euro Pratik Sales IPO
The IPO proceeds will be utilized to carry out the Offer for Sale of equity shares of ₹1 each by the selling shareholders, aggregating up to ₹451.31 crore, and gain the benefits of listing the equity shares on the stock exchanges.
Strengths of Euro Pratik Sales Ltd
- Among India’s largest organized brands in the decorative wall panel industry.
- Diverse and comprehensive product portfolio across multiple categories.
- Strong focus on product innovation and new designs, staying ahead of market trends through advanced merchandising capabilities.
- Asset-light business model supported by long-term global partnerships.
- Pan-India presence with a well-established and extensive distribution network.
Internal Risks of the company
- Warehouse Fire Incident: On April 26, 2025, a fire broke out at our largest warehouse in Swagat Complex, Rahanal Village, Bhiwandi, Mumbai, Maharashtra, leading to the destruction of inventory valued at ₹335.94 million. Such incidents may negatively impact our operations, financial performance, and overall business continuity.
- Foreign Exchange Risk: Fluctuations in exchange rates could adversely influence our business, financial condition, cash flows, and results of operations. In Fiscal Years 2025, 2024, and 2023, our purchases in foreign currencies amounted to ₹1,152.77 million, ₹1,134.60 million, and ₹1,385.90 million, representing 54.72%, 92.22%, and 81.17%, respectively, of our total purchases.
- Dependence on Key Contract Manufacturer: We rely significantly on our largest contract manufacturer for product manufacturing. In Fiscal Years 2025, 2024, and 2023, the proportion of products purchased from this manufacturer was 24.03%, 70.56%, and 56.18%, respectively. Any disruption or loss of this manufacturer could materially and adversely affect our operations, financial results, and business performance.
- Reliance on Multiple Contract Manufacturers: Our business is also substantially dependent on our top contract manufacturers. In Fiscal Years 2025, 2024, and 2023, the combined share of products sourced from our top 10 contract manufacturers was 52.79%, 91.66%, and 87.88%, respectively. The loss or unavailability of these manufacturers, without suitable replacements, could significantly disrupt our operations and negatively impact our financial condition and results.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
