Euro Pratik Sales Ltd

Euro Pratik Sales Ltd is engaged in the business of decorative wall panels and wall laminates, and the company is largely into selling and marketing of these products. The company has its proprietary design team that creates alluring templates for decorative laminates and panels so as to add to the aesthetic value of the surroundings. The company offers over 3,000 designs with over 100 product catalogues. It also has green compliant products. 

As the IPO is entirely an offer for sale (OFS), there will be no fresh funds coming into the company. Euro Pratik Sales Ltd was promoted by Pratik Singhvi, Jai Singhvi, Pratik Singhvi HUF, and Jai Singhvi HUF. The IPO will be lead-managed by Axis Capital and DAM Capital; while MUFG Intime India Private Ltd will be the IPO registrar. The company has its business headquartered in Mumbai. 

Highlights of the IPO Issue

Here are the key highlights of the public issue of Euro Pratik Sales Ltd. 

1. The IPO of will be open from September 16th, 2025 to September 18th, 2025. It has a face value of ₹1 per share and IPO price band is set in range of ₹235 to ₹247 per share.
2. The IPO of Euro Pratik Sales Ltd will be entirely an offer for sale (OFS) with no fresh issue component in the IPO.
3. The OFS of the IPO comprises the sale of 1,89,29,335 shares (189.29 lakh shares), which at the upper price band of ₹247 per share translates into ₹467.47 crore.
4. As there is no fresh issue, overall IPO will also comprise the OFS of 1,89,29,335 shares (189.29 lakh shares) worth ₹467.47 crore at the upper band price of ₹247 per share.
5. There is also a small employee quota in this IPO, and the employees will be offered shares at a discount of ₹13 per share. That has been factored into IPO value. 

The IPO of Euro Pratik Sales Ltd will be listed on the NSE and the BSE on the IPO mainboard. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Euro Pratik Sales Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Euro Pratik Sales Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 60 shares) 

Financial Highlights

The table captures the key financials of Euro Pratik Sales Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

The company has erratic growth in sales, which is considered quite normal in this line of business. However, what is impressive is the persistently high levels of net margins and the levels of ROE and ROA, that the company has maintained. 

Valuation Metrics

At the current issue price of ₹247 per share, the valuation of the company is at a P/E ratio of 32.8X in terms of latest year EPS of ₹7.53. This looks like reasonable valuation considering its strong net margins as well as ROE in excess of 30% on a persistent basis. The company also brings some additional merits to the table. It is one of the few players in the organized wall panel space, so that gives them sufficient room to grow. It has an asset-light business model, which is evident in the way the margins and ROE have held up. Distribution and control over design is an added edge. The stock may be offering a good alternative to participate in the formalization of the laminates business in India. 

A Brief on the Anchor Allocation

The anchor issue of Euro Pratik Sales Ltd saw a relatively robust response on 15th September 2025 with 28.87% of the IPO size absorbed by anchors. Out of 1,89,29,335 shares (189.29 lakh shares) on offer, anchors picked up 54,64,554 shares (54.65 lakh shares) accounting for 28.87% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹247 per share. This includes the face value of ₹1 per share plus a share premium of ₹246 per share. The anchor bidding opened and closed on 15th September 2025.  

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Euro Pratik Sales Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors

On 15th September 2025, Euro Pratik Sales Ltd allotted 54,64,554 shares to 10 anchor investors. The allocation was done at the upper IPO price band of ₹247 per share which resulted in overall anchor allocation of ₹134.97 crore. The anchors have already absorbed 28.87% of the total issue size of ₹467.47 crore. Listed below are the 10 IPO anchor investors who accounted for anchor collection of ₹134.97 crores, or, 100% of anchor allocation. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20250915-68 

Out of the 54,64,554 shares allocated to the anchors in the IPO, there were 14,17,080 shares allocated to domestic mutual funds registered with SEBI. This allocation was done across 2 schemes of 2 AMCs in India. Mutual funds were allocated 25.93% of the anchor allocation. Remaining shares were allocated to FPIs, ODI issuers, and AIFs.  

Next Step in the IPO

Post the closure of the IPO subscription on 18th September 2025, the basis of allotment will be finalized on 19th September 2025 and the refunds will be initiated on 22nd September 2025. In addition, the demat credits are expected to also happen on 22nd September 2025 and the stock will list on 23rd September 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 22nd September 2025 under ISIN (INE198501012).

IPO Subscription Status on Day-1

As of 5.30 pm on 16th September 2025, out of the 134.65 lakh shares on offer in the IPO (excluding anchor portion), Euro Pratik Sales Ltd saw bids for 58.29 lakh shares. This implies an overall subscription of 0.43X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of Euro Pratik Sales Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to September 18, 2024, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status on Day-2

As of 5.30 pm on 17th September 2025, out of the 134.65 lakh shares on offer in the IPO (excluding anchor portion), Euro Pratik Sales Ltd saw bids for 94.59 lakh shares. This implies an overall subscription of 0.70X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of Euro Pratik Sales Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to September 18, 2024, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status on Day-3

As of 7.30 pm on 18th September 2025, out of the 134.65 lakh shares on offer in the IPO (excluding anchor portion), Euro Pratik Sales Ltd saw bids for 179.78 lakh shares. This implies an overall subscription of 1.34X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of Euro Pratik Sales Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, but however, HNI / NII and QIB flows were very tepid on the last day. Both the QIB and the NII bids normally pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO was open up to the close of trading hours on September 18, 2025, and the IPO stands closed for subscription. The subscription status as presented above is the final subscription status of the IPO as of 7.30 PM on September 18, 2025. 

About the Euro Pratik Sales IPO

The IPO of Euro Pratik Sales Ltd opened on September 16th, 2025 and closed on September 18th, 2025. The overall IPO comprised of an offer for sale (OFS) of 1,89,29,335 shares (189.29 lakh shares) worth ₹467.55 crore at the upper price band of ₹247 per share. The allotment status will be finalized by end of day (EOD) of September 19, 2025. Here is how to check your allotment status for the IPO of Euro Pratik Sales Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd). 

Checking The Allotment Status of IPO on BSE Website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select Euro Pratik Sales Ltd   from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .OR. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Euro Pratik Sales Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select EUROPRATIK from the dropdown box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip .AND. 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Euro Pratik Sales Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO on MUFG Intime India Private Limited

Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below: 

https://in.mpms.mufg.com/Initial_Offer/public-issues.html 

There are 4 options available to you to access the allotment status, and you can use any of these options to query.   

1. You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
2. The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
3. You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
4. You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book. 

Finally, click on the SUBMIT button.  

In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to [email protected] or you can call on (0)-81081-14949 for voice call. 

Modest Listing For Euro Pratik Sales Ltd

Euro Pratik Sales Ltd had a modest listing on 23rd September 2025. On the NSE, the stock of Euro Pratik Sales Ltd listed at ₹272.10, a smart premium of 10.16% to the IPO issue price of ₹247 per share. The issue was subscribed just 1.34 times overall at the close of the IPO, so opening sentiments being tepid was expected. However, while the markets opened at a premium, they almost gravitated back to the IPO price by close. 

On the BSE also, the listing of Euro Pratik Sales Ltd was relatively smarter. Against the issue price of ₹247 per share, the stock listed at ₹273.45, a premium of 10.71% to the issue price. The stock of Euro Pratik Sales Ltd is on T+1 rolling settlement system. 

How The Stock of Euro Pratik Sales Ltd Moved During The Day?

After opening sharply higher at ₹272.10 per share on the NSE, the stock traded below the listing price for a better part of the trading day. During the day, the stock of Euro Pratik Sales Ltd touched a high of ₹278 and an intraday low of ₹247.06. On the NSE, the upper circuit band of the stock is set at ₹326.52 while the lower circuit band is set at ₹217.68 per share. Effectively, the stock remained between the IPO price and the listing price. 

What about the BSE? After opening higher at ₹273.45 per share on the BSE, the stock traded below the listing price for most of the day. During the day, the stock of Euro Pratik Sales Ltd touched a high of ₹279.55 and an intraday low of ₹247. On the BSE, the upper circuit band of the stock is set at ₹328.10 while the lower circuit band is set at ₹218.8 per share. Even on BSE, the stock spent most of the day between the IPO price and the listing price. 

How Did The Stock of Euro Pratik Sales Ltd Close on Listing Day?

Here is how the stock of Euro Pratik Sales Ltd closed on the NSE. The closing price of ₹248.20 per share is at a premium of 0.49% to the IPO issue price and but at a sharp discount of -8.78% to the listing price of ₹272.10 per share on the NSE. The company had a market cap of ₹2,536.60 crore at close. During the day, the stock of Euro Pratik Sales Ltd traded 117.46 lakh shares on the NSE, with total traded value of ₹303.55 crore. Deliveries were 40.27% of the total volumes on NSE. 

Here is how the stock of Euro Pratik Sales Ltd closed on the BSE. The closing price of ₹248.25 per share is at a premium of 0.51% to the IPO issue price but a discount of -9.22% to the listing price of ͭ₹273.45 on the BSE. The company had a market cap of ₹2,537.12 crore as of close. During the day, the stock of Euro Pratik Sales Ltd traded 11.28 lakh shares on the BSE, having a total traded value of ₹29.27 crore. Deliveries were 59.69% on the BSE. 

The stock trades under the codes: NSE (EUROPRATIK), BSE (544519), ISIN (INE198501012).