Euro Pratik Sales, a decorative wall panels and laminates company, has completed its Initial Public Offering (IPO) process, with the allotment status now finalized. The company is set to make its debut on the stock exchanges on September 23.

IPO Details and Subscription Status

The Rs 451.31 crore IPO, which was open for subscription from September 16 to 18, received a moderate response from investors. The overall subscription rate stood at 1.41 times, indicating a decent interest in the company's shares. Here's a breakdown of the subscription rates across different categories:

Allotment Status and Important Dates

Investors who participated in the Euro Pratik Sales IPO can now check their allotment status. The results are available through the registrar MUFG Intime India's website or on stock exchange platforms. To check the status, investors will need to provide one of the following details:

• PAN (Permanent Account Number)
• Application number
• DP/Client ID

Key dates for investors to note:

• September 22: Share crediting and refunds process
• September 23: Listing on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange)

Grey Market Premium and Listing Expectations

The current grey market premium for Euro Pratik Sales stands at a modest Rs 1. This suggests that the market is expecting a flat to mildly positive listing for the company's shares.

Company Performance

Euro Pratik Sales has shown strong growth in its recent financial performance:

• Revenue growth: 27% increase to Rs 291.52 crore
• Profit After Tax (PAT) growth: 22% increase to Rs 76.44 crore

Offer Structure and Promoter Holding

The IPO is structured as a pure offer-for-sale, which means that the company will not receive any proceeds from the share sale. Instead, the existing shareholders will be selling their stakes. As a result of this IPO:

• Promoter holding will reduce from 87.97% to 70.10%

Investors and market watchers will be keeping a close eye on Euro Pratik Sales as it prepares for its stock market debut on September 23. The company's strong financial growth and the moderate response to its IPO suggest an interesting listing day ahead for this decorative wall panels and laminates manufacturer.

Euro Pratik Sales Ltd., a decorative wall panel company, has entered the second day of its Initial Public Offering (IPO) with a subscription rate of 0.43 times as of the end of Day 1. The IPO, which aims to raise Rs 451.31 crore, continues to attract investor attention in the primary market.

IPO Details

Subscription Status

As of the end of the first day, the IPO has been subscribed 0.43 times, indicating a moderate response from investors.

Anchor Investment

Euro Pratik Sales has already secured a significant portion of its target through anchor investors:

This pre-IPO placement demonstrates institutional interest in the company's offering.

Grey Market Premium

The grey market is showing a positive sentiment towards Euro Pratik Sales:

While the GMP indicates a modest premium, it's important to note that grey market premiums are unofficial and subject to change.

Key Dates

Company Overview

Euro Pratik Sales Ltd. specializes in decorative wall panels, catering to the demand for innovative interior solutions. The company's decision to go public through an offer-for-sale suggests that existing shareholders are looking to partially exit or dilute their holdings.

Investors and market watchers will be keenly observing the subscription trends over the next two days, which will provide insights into the market's appetite for this offering in the decorative solutions sector.

Potential investors are advised to carefully review the company's prospectus and consider their own financial goals and risk tolerance before making an investment decision.