What is this IPO?
- Company: Euro Pratik Sales Limited
- Type of Issue: Offer For Sale (OFS), no fresh shares; promoters/promoter group selling.
- Issue Size: Approx ₹ 451.31 crore
- Price Band: ₹ 235 to ₹ 247 per share
- Lot Size & Minimum Retail Investment: 60 shares per lot → ~₹ 14,820 minimum at upper band.
- Timeline: IPO open 16-18 September 2025. Allotment expected to be finalised on 19 September 2025. Listing date: 23 September 2025
Subscription Status (How Much Demand There Was)
By the end of the subscription period:
| Investor Category | Subscription Multiple |
|---|---|
| Retail / RIIs | ~ 1.23-1.22× |
| Non-Institutional / HNI (NIIs) | ~ 1.92× |
| Qualified Institutional Buyers (QIBs) | ~ 1.05× |
| Overall IPO subscription | ~ 1.33-1.34× |
So, moderate demand overall. Retail portion just about 1.2-1.3× means many retail applicants may not get full allotment.
Grey Market Premium (GMP)
- GMP started higher (≈ 2.5%) but it dropped sharply as subscription advanced.
- On the allotment day, GMP stood very low: ~ ₹1 per share, or about 0.4% above upper band.
This suggests expectations for a modest listing gain; enthusiasm in unofficial/unregulated grey markets seems muted now.
Allotment & Post-IPO Timeline
- Allotment Date: 19 September 2025.
- Refunds Initiation & Credit of Shares to Demat: 22 September 2025.
- Listing Date on Exchanges (BSE & NSE): 23 September 2025.
How to Check Your Allotment Status
If you applied, here’s how you can check whether you got shares:
- Registrar’s Website
MUFG Intime India Pvt Ltd is the registrar. Use your PAN number, application number, or Demat account number to log in and check. - BSE Website
Go to BSE → Investors → IPO → “Application Status Check” → select equity & Euro Pratik Sales IPO → enter PAN or application number. - NSE Website
Use IPO bid verification / IPO allotment search utility with your PAN/application number. - Broker / Demat Account
Often brokers or your Demat account provider will show allotment status. Also, email / SMS confirmation may come.
Key Takeaways & What It Means for Investors
- The IPO was moderately subscribed (≈1.33×), not heavily oversubscribed — so chances of getting full shares in the retail portion aren’t very high.
- GMP being almost flat (~₹1 over upper band) signals modest listing gains are expected; not much speculative profit margin.
- Since it’s an OFS (no fresh capital to company), growth upside depends on post-listing performance and how market values its business, not IPO proceeds.
If you’re allotment-lucky, listing on 23 September may give some upside but don’t expect big windfalls — risk is more from the market’s reaction to its actual financials & sector outlook.
FAQ
Q. Will every applicant get something?
Likely not. Because retail subscription was only ~1.22-1.23×. So many small applicants may get partial allotment or none.
Q. What happens if you don’t get shares?
Your blocked application funds (if ASBA etc.) will be refunded on or by the refund date.
Q. Can GMP predictions always be trusted?
No – grey market is informal. GMP can give a barometer of sentiment, but many factors affect listing price. So treat GMP as indicative, not guaranteed.
Conclusion
If you’ve applied for Euro Pratik IPO, check allotment status today (19 Sep). Don’t expect huge listing gains given the flat GMP, but there’s possibility of modest upside. Retail investors will need luck (or patience) for allotment and holding.
