Euro Pratik Sales Ltd. Launches Rs 451.31 Crore IPO, Opens September 16
Euro Pratik Sales Ltd., a decorative wall panels company, is launching its IPO worth Rs 451.31 crore. The IPO, structured as an offer-for-sale of 1.83 crore shares, will open from September 16 to 18, 2023, with a price band of Rs 235-247 per share. The company's profit increased by 21.51% to Rs 76.44 crore, while revenue grew by 28.2% to Rs 284.23 crore. Shares are set to list on BSE and NSE on September 23, 2023. The grey market currently indicates a flat listing.
*this image is generated using AI for illustrative purposes only.
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
| Item | Details |
|---|---|
| Subscription Period | September 16-18, 2023 |
| Price Band | Rs 235 - Rs 247 per share |
| Minimum Investment | Rs 14,820 for retail investors (60 shares) |
| Lead Manager | Axis Capital |
Financial Performance
Euro Pratik Sales Ltd. has demonstrated strong financial growth:
| Metric | Performance |
|---|---|
| Profit | Increased by 21.51% to Rs 76.44 crore |
| Revenue | Grew by 28.2% to Rs 284.23 crore |
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.
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