Euro Pratik Sales Limited is a leading player in India’s decorative wall panels and laminates market. The company offers an extensive portfolio of over 3,000 SKU designs across 30 product categories, operating through 172 distributors nationwide. Founded in 2010, Euro Pratik focuses on an asset-light business model by outsourcing production to global manufacturers while concentrating on design, innovation, and quality. Its brands, Euro Pratik and Glorio, serve both domestic and international markets.
READ DRHP HERE: SEBI|DRHP|EURO PRATIK|
IPO Details
| Key Points | Information |
|---|---|
| IPO Opening Date | 16th September 2025 |
| IPO Closing Date | 18th September 2025 |
| Listing Date | 23rd September 2025 |
| IPO Price Band | ₹235 – ₹247 per share |
| Minimum Lot Size | 60 shares (about ₹14,820 at highest price) |
| Issue Size | ₹451.31 crore (100% Offer for Sale) |
| Face Value | ₹1 per share |
| Stock Exchanges | BSE and NSE (Mainboard IPO) |
| Registrar | MUFG Intime India Private Limited CLICK HERE |
| Book-running Managers | Axis Capital Ltd., DAM Capital Advisors Ltd. |
| Offer Structure | 100% Offer for Sale (selling shareholders receive proceeds) |
IPO Timeline (Important Dates)
| Event | Date |
|---|---|
| IPO Opens | 16th September 2025 |
| IPO Closes | 18th September 2025 |
| Allotment Date | 19th September 2025 |
| Refunds/Unsuccessful Bids | 22nd September 2025 |
| Shares in Demat Account | 22nd September 2025 |
| Listing Date | 23rd September 2025 |
What Is the Money Used For?
- This IPO is a complete offer for sale (OFS), meaning the company will not receive any proceeds from the issue. The entire amount will go to the selling shareholders after deduction of expenses.
Key Financials (as per RHP and Public Prospectus)
| Financial Metric | FY23 (₹ Cr) | FY24 (₹ Cr) | FY25 (₹ Cr) |
|---|---|---|---|
| Revenue | 263.59 | 221.70 | 291.52 |
| EBITDA | 83.63 | 89.00 | 110.10 |
| EBITDA Margin (%) | 31.73% | 40.15% | 38.74% |
| Profit After Tax (PAT) | 59.56 | 62.91 | 76.44 |
| PAT Margin (%) | 22.61% | 28.36% | 26.20% |
| Return on Net Worth (RoNW) | 45.81% | 40.39% | 32.60% |
| Return on Capital Employed(ROCE) | 61.42% | 55.17% | 44.58% |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.01 |
Explanation of Financial Terms
- Revenue: Total sales made by the company
- EBITDA: Earnings before interest, taxes, depreciation, and amortisation
- PAT: Profit after tax, final profit after all expenses
- Margins: Profitability ratios as a percentage of revenue
- Return on Net Worth (RoNW): How well shareholders’ funds are used
- Return on Capital Employed (ROCE): Efficiency in using capital
- Debt to Equity: Company’s reliance on debt financing
Analysis
- Revenue declined by ~15.9% from FY23 to FY24 but rebounded strongly to ₹291.52 crore in FY25, reflecting recovery in sales.
- EBITDA margin improved to a healthy 38.74% in FY25, showing strong profitability.
- PAT grew consistently, reaching ₹76.44 crore in FY25 with over 26% margin, indicating good net profit generation.
- Return ratios remain high reflecting effective capital utilisation and disciplined financial management.
Why Some Investors Like This Mainboard IPO
- One of the top players in decorative wall panels with 15.87% market share in India.
- Wide product range with the latest design offerings and innovation focus.
- Asset-light business model outsourcing manufacturing to global producers for flexibility and lower fixed costs.
- Strong and growing distribution network covering markets across India.
- High profitability and return ratios with zero or minimal debt.
Points That Need Caution
- Entire funds raised go to existing shareholders, so no fresh capital for business expansion.
- High dependence on third-party logistics may impact supply reliability.
- Exposure to the real estate market slowdown could reduce demand for decorative panels.
- Cash flow pressure due to high trade receivables and working capital intensity.
- Risks linked to accurate inventory management and protection of proprietary designs.
IPO FAQS
What is an IPO?
- An IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time to raise money.
- Example: If a well-known pizza company wants to grow, it can list its shares on the stock exchange so anyone can buy a piece of the company.
How can you apply for an IPO (using Zerodha or Upstox)?
- Make sure you have a Demat account and your bank account is linked.
- Steps:
- Log in to your broker’s app (e.g., Zerodha Kite, Upstox).
- Go to the IPO section.
- Select the company’s IPO you want to apply for.
- Enter how many shares (or ‘lots’) you want and the price you wish to bid.
- Enter your UPI ID, submit your application, and approve the UPI payment request.
How are IPO shares allotted?
- If more people want shares than are available, the company uses a lottery system to decide who gets them.
- If you don’t get shares, your money is simply returned.
What is GMP (Grey Market Premium)?
- GMP shows the extra price people are willing to pay for IPO shares before they officially start trading.
- Example: If IPO price is ₹100 and GMP is ₹20, people are unofficially ready to pay ₹120. It hints at the IPO’s popularity but isn’t a guarantee.
Where to check upcoming IPOs (IPO calendar)?
- Visit popular finance sites like Chittorgarh, IPOWatch, or official exchange websites (NSE, BSE) and look for the “Upcoming IPO” section.
What are IPO listing gains?
- If the share’s price rises on the first trading day, you can make instant profit.
- Example: You buy at ₹150, and it opens at ₹200, you gain ₹50 per share.
How can you make profit from an IPO?
- Quick gains on listing day (if the stock price goes up).
- Long-term: If the company grows, the share price could increase further.
Which IPO is best to buy?
- There is no single best IPO. Check the company’s background, current demand, and GMP, but always research before investing.
- High GMP or popularity doesn’t guarantee profits.
Are IPOs safe?
- IPOs can be profitable but also risky; prices can go up or down sharply.
- Only invest if you are ready for potential losses.
How to check IPO allotment status?
- After the IPO process, check on exchanges (BSE/NSE websites) or the IPO registrar’s site (like K-Fintech, Bigshare,or mufg-intime) by entering your PAN or application number to see if you got shares.
Important Tips for Retail Investors Applying for an IPO
- Use Only Your Own PAN Card:
Avoid using the same PAN card for multiple IPO applications. For example, if you have already applied using your PAN for one IPO, don’t try to apply again with the same PAN under different accounts or through others. - Apply in the Right Category:
Ensure you select the correct investor category (such as Retail Individual Investor) when filling out your application. Applying under a wrong category can lead to rejection or disqualification. - Maintain Sufficient Bank Balance:
Before applying, ensure your bank account linked to the application has enough funds to cover the full bid amount. For instance, if the IPO application requires a payment of ₹15000, make sure your account holds at least that amount. - Use Your Own Bank Account:
Always apply through your own bank account. Using someone else’s account can cause your application to be rejected during the verification process. - Avoid Last-Minute Applications:
Don’t wait until the deadline day or moments before to apply. Last-minute submissions may face technical glitches or processing delays, reducing the chances of success.