Euro Pratik Sales Announces IPO: Price Band Set at Rs 235-247 per Share
Euro Pratik Sales, a Mumbai-based fast-fashion brand, has announced its IPO details. The price band is set at Rs 235-247 per share, with the IPO opening on September 16 and closing on September 18. The entirely offer-for-sale IPO aims to raise up to Rs 451.00 crore. The company operates an asset-light model with over 3,000 designs across 30+ product varieties. It has a distribution network of 180 distributors across 116 cities in 25 states and 5 union territories. Euro Pratik Sales reported strong financial growth, with revenue increasing by 28.00% to Rs 284.00 crore and profit after tax rising by 22.00% to Rs 76.00 crore in FY25. Axis Capital and DAM Capital Advisors are the book-running lead managers for the IPO.
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Euro Pratik Sales, a Mumbai-based fast-fashion brand, has unveiled its Initial Public Offering (IPO) details, setting the stage for its entry into the public market. The company has announced a price band of Rs 235-247 per share for its upcoming IPO, which is scheduled to open on September 16 and close on September 18.
IPO Details
- Price Band: Rs 235-247 per share
- IPO Opening Date: September 16
- IPO Closing Date: September 18
- Minimum Bid: 60 shares
- Offer Type: Entirely offer for sale
- Issue Size: Up to Rs 451.00 crore
The IPO is structured entirely as an offer for sale (OFS) by the company's promoter and promoter group shareholders, aiming to raise up to Rs 451.00 crore. Investors interested in participating in the IPO will need to bid for a minimum of 60 shares.
Company Overview
Euro Pratik Sales operates on an asset-light business model, focusing primarily on product design and development. The company has positioned itself as a fast-fashion brand, boasting an impressive portfolio of over 3,000 designs across more than 30 product varieties.
Distribution Network
The company has established a robust distribution network, which includes:
- 180 distributors
- Presence in 116 cities
- Coverage across 25 states and 5 union territories
This extensive network underscores Euro Pratik Sales' strong market presence and reach across India.
Financial Performance
Euro Pratik Sales has demonstrated solid financial growth in recent years:
| Fiscal Year | Revenue from Operations | Profit After Tax |
|---|---|---|
| FY25 | Rs 284.00 crore | Rs 76.00 crore |
| FY24 | Rs 222.00 crore | Rs 63.00 crore |
| YoY Growth | 28.00% | 22.00% |
The company's revenue from operations grew by 28.00% year-over-year, while profit after tax increased by 22.00%, indicating strong financial performance and growth potential.
IPO Management
The book-running lead managers for Euro Pratik Sales' IPO are:
- Axis Capital
- DAM Capital Advisors
These experienced financial institutions will oversee the IPO process and facilitate the public offering.
As Euro Pratik Sales prepares to enter the public market, investors will be closely watching this fast-fashion brand with its asset-light model and impressive growth trajectory. The IPO presents an opportunity for investors to participate in the company's future growth story.
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