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.

Euro Pratik Sales Ltd., a prominent player in the decorative wall panels market, is set to make its debut on the stock market with an Initial Public Offering (IPO) worth Rs 451.31 crore. The company has announced the opening of its IPO subscription period from September 16 to September 18, 2023.

IPO Details

The IPO is structured as an offer-for-sale (OFS) of 1.83 crore shares, with a price band set between Rs 235 and Rs 247 per share. Investors should note that as this is entirely an OFS, the company will not receive any proceeds from the issue. The primary aim of this IPO is to reap the benefits of listing on major stock exchanges.

Subscription Information

Financial Performance

Euro Pratik Sales Ltd. has demonstrated strong financial growth:

Market Expectations

The grey market premium currently indicates a flat listing, suggesting that the stock might open at par with its issue price. However, investors should approach this information with caution as grey market premiums are unofficial and subject to change.

Listing Details

Shares of Euro Pratik Sales Ltd. are scheduled to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 23, 2023.

Company Overview

Euro Pratik Sales Ltd. specializes in selling decorative wall panels. The company's recent financial performance shows promising growth in both revenue and profit, which could be of interest to potential investors.

Investors considering participation in this IPO should carefully review the company's prospectus and consult with financial advisors to make informed investment decisions based on their individual financial goals and risk tolerance.