Euro Pratik IPO – Quick Snapshot
| Detail | Info |
|---|---|
| Company | Euro Pratik Sales Ltd (decorative wall panels & laminates) |
| IPO Type | Book‑built, Offer for Sale (OFS) |
| Issue Size | ~ ₹451.31 crore |
| Price Band | ₹235 – ₹247 per share |
| Minimum Lot | 60 shares (≈ ₹14,820 at upper band) |
| IPO Open | 16 September 2025 |
| IPO Closes | 18 September 2025 |
| Tentative Listing Date | 23 September 2025 on NSE & BSE |
Day 1 & Day 2 Subscription Status
Here’s how the bidding/subscription is shaping up as of Day 2:
- On Day 1, the IPO was subscribed ~ 0.43× overall.
- As of Day 2 (mid‑morning): Investor CategorySubscription MultipleQualified Institutional Buyers (QIB)~ 0.26× Non‑Institutional Investors (NII)~ 1.00× Retail Investors~ 0.50× Employee Reserved Portion~ 1.76× Total (All Categories)~ 0.55×
So by Day 2, the IPO is still undersubscribed overall, though some categories (like NII, employees) have done better.
Gross Market Premium (GMP) / Grey Market Insights
- According to NDTV Profit, the GMP as of early trading on Sept 17 is about ₹8/share, implying a possible listing price of ~ ₹255 if that premium holds.
- However, other sources and broking / grey‑market data suggest caution: GMPs are speculative, can change a lot, and often don’t reflect what happens when shares actually list.
Key Highlights & What to Watch
- Industry & Company Strengths
- Euro Pratik has a decent presence in the decorative wall panels & laminates market.
- Financials show growth: rising revenue, profit after tax, and strong margins.
- Offer for Sale (OFS) Only
- Since it’s a 100% OFS, the company itself won’t get fresh capital to expand; this is mainly allowing existing shareholders to exit. So growth investment from the IPO proceeds is not there.
- Valuation
- At the upper price band (₹247), the valuation (P/E etc.) appears reasonable compared to some peers, but not “cheap.”
- Low debt, good equity base are positives.
- Risks
- Undersubscription overall signals cautious demand.
- Sector risk: decorative materials, raw material price fluctuations, competition from substitutes (paints, wallpapers etc.)
- Employee category is doing better (often happens when shares reserved for employees), but that doesn’t always translate to broader market sentiment.
Should You Keep an Eye / Consider Applying?
It depends on your goal:
- If you’re aiming for listing gains (short‑term), the current GMP suggests there’s some premium in the grey market, which could imply some upside.
- For medium term value, the solid financials and low leverage are positives. But being an OFS means you’re not backing growth‑capital; upside depends on continued performance post‑listing.
Summary
- On Day 2, Euro Pratik IPO is not yet fully subscribed across all categories; overall ~0.55×.
- GMP is modest (~₹8 over upper band), which shows cautious optimism among grey‑market participants.
- Fundamentals look decent; valuation looks okay relative to peers; risks are present, especially given this is an OFS.
