{"id":8532,"date":"2025-09-17T07:56:46","date_gmt":"2025-09-17T07:56:46","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=8532"},"modified":"2025-09-17T07:56:49","modified_gmt":"2025-09-17T07:56:49","slug":"euro-pratik-ipo-day-2-subscription-status-gmp","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/ipo\/euro-pratik-ipo-day-2-subscription-status-gmp\/","title":{"rendered":"Euro Pratik IPO Day 2: Check Subscription Status, GMP & Key Highlights"},"content":{"rendered":"
<\/figure>\n\n\n

Euro Pratik IPO \u2013 Quick Snapshot<\/h2>\n\n\n\n
Detail<\/th>Info<\/th><\/tr><\/thead>
Company<\/td>Euro Pratik Sales Ltd (decorative wall panels & laminates) <\/td><\/tr>
IPO Type<\/td>Book\u2011built, Offer for Sale (OFS)<\/td><\/tr>
Issue Size<\/td>~ \u20b9451.31 crore <\/td><\/tr>
Price Band<\/td>\u20b9235 \u2013 \u20b9247 per share <\/td><\/tr>
Minimum Lot<\/td>60 shares (\u2248 \u20b914,820 at upper band) <\/td><\/tr>
IPO Open<\/td>16 September 2025 <\/td><\/tr>
IPO Closes<\/td>18 September 2025 <\/td><\/tr>
Tentative Listing Date<\/td>23 September 2025 on NSE & BSE <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Day 1 & Day 2 Subscription Status<\/h2>\n\n\n\n

Here\u2019s how the bidding\/subscription is shaping up as of Day 2:<\/p>\n\n\n\n

    \n
  • On Day 1<\/strong>, the IPO was subscribed ~ 0.43\u00d7<\/strong> overall. <\/li>\n\n\n\n
  • As of Day 2 (mid\u2011morning): Investor CategorySubscription MultipleQualified Institutional Buyers (QIB)~ 0.26\u00d7<\/strong> Non\u2011Institutional Investors (NII)~ 1.00\u00d7<\/strong> Retail Investors~ 0.50\u00d7<\/strong> Employee Reserved Portion~ 1.76\u00d7<\/strong> Total (All Categories)~ 0.55\u00d7<\/strong><\/li>\n<\/ul>\n\n\n\n

    So by Day 2, the IPO is still undersubscribed overall, though some categories (like NII, employees) have done better.<\/p>\n\n\n\n

    Gross Market Premium (GMP) \/ Grey Market Insights<\/h2>\n\n\n\n
      \n
    • According to NDTV Profit, the GMP as of early trading on Sept 17 is about \u20b98\/share<\/strong>, implying a possible listing price of ~ \u20b9255<\/strong> if that premium holds. <\/li>\n\n\n\n
    • However, other sources and broking \/ grey\u2011market data suggest caution: GMPs are speculative, can change a lot, and often don\u2019t reflect what happens when shares actually list. <\/li>\n<\/ul>\n\n\n\n

      Key Highlights & What to Watch<\/h2>\n\n\n\n
        \n
      1. Industry & Company Strengths<\/strong>\n
          \n
        • Euro Pratik has a decent presence in the decorative wall panels & laminates market. <\/li>\n\n\n\n
        • Financials show growth: rising revenue, profit after tax, and strong margins. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Offer for Sale (OFS) Only<\/strong>\n
            \n
          • Since it’s a 100% OFS, the company itself won\u2019t get fresh capital to expand; this is mainly allowing existing shareholders to exit. So growth investment from the IPO proceeds is not there. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
          • Valuation<\/strong>\n
              \n
            • At the upper price band (\u20b9247), the valuation (P\/E etc.) appears reasonable compared to some peers, but not \u201ccheap.\u201d<\/li>\n\n\n\n
            • Low debt, good equity base are positives. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • Risks<\/strong>\n
                \n
              • Undersubscription overall signals cautious demand. <\/li>\n\n\n\n
              • Sector risk: decorative materials, raw material price fluctuations, competition from substitutes (paints, wallpapers etc.) <\/li>\n\n\n\n
              • Employee category is doing better (often happens when shares reserved for employees), but that doesn\u2019t always translate to broader market sentiment.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n

                Should You Keep an Eye \/ Consider Applying?<\/h2>\n\n\n\n

                It depends on your goal:<\/p>\n\n\n\n

                  \n
                • If you\u2019re aiming for listing gains<\/strong> (short\u2011term), the current GMP suggests there\u2019s some premium in the grey market, which could imply some upside.<\/li>\n\n\n\n
                • For medium term value<\/strong>, the solid financials and low leverage are positives. But being an OFS means you’re not backing growth\u2011capital; upside depends on continued performance post\u2011listing.<\/li>\n<\/ul>\n\n\n\n

                  Summary<\/h2>\n\n\n\n
                    \n
                  • On Day 2, Euro Pratik IPO<\/strong> is not yet fully subscribed<\/em> across all categories; overall ~0.55\u00d7.<\/li>\n\n\n\n
                  • GMP is modest (~\u20b98 over upper band), which shows cautious optimism among grey\u2011market participants.<\/li>\n\n\n\n
                  • Fundamentals look decent; valuation looks okay relative to peers; risks are present, especially given this is an OFS.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                    Euro Pratik IPO \u2013 Quick Snapshot Detail Info Company Euro Pratik Sales Ltd (decorative wall panels & laminates) IPO Type Book\u2011built, Offer for Sale (OFS) Issue Size ~ \u20b9451.31 crore Price Band \u20b9235 \u2013 \u20b9247 per share Minimum Lot 60 shares (\u2248 \u20b914,820 at upper band) IPO Open 16 September 2025 IPO Closes 18 September […]<\/p>\n","protected":false},"author":9,"featured_media":8518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-8532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=8532"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8532\/revisions"}],"predecessor-version":[{"id":8533,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8532\/revisions\/8533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/8518"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=8532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=8532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}