Euro Pratik Sales, a leading player in the decorative wall panels and laminates industry, is set to make its stock market debut on Tuesday following its Rs 451.39 crore Initial Public Offering (IPO). The company's shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

IPO Details

The IPO, structured as an offer for sale, comprised 1.83 crore shares priced at Rs 247 per share. This pricing strategy positions Euro Pratik Sales with a tentative market capitalization of Rs 2,524.00 crore.

Subscription Status

The public issue received a moderate response from investors:

• Overall subscription: 1.41 times
• Retail investors: 1.31 times
• Non-institutional investors: 2.02 times
• Qualified institutional buyers: 1.10 times

Grey Market Premium

The grey market premium for Euro Pratik Sales stands at a modest 3%, suggesting limited upside potential over the issue price on the listing day.

Anchor Investment

Prior to the public issue, Euro Pratik Sales successfully raised Rs 134.97 crore from anchor investors, demonstrating institutional interest in the company.

Financial Performance

Euro Pratik Sales has shown strong financial performance:

The company's PAT Margin exceeds 26%.

Key Financial Ratios

The company boasts robust financial ratios:

• Return on Equity (ROE): 39.20%
• Return on Capital Employed (ROCE): 44.60%

Valuation

Analysts have noted that the IPO was fully priced at a price-to-earnings multiple of 33x, reflecting the company's strong financial position and growth prospects.

As Euro Pratik Sales prepares for its market debut, investors will be closely watching its performance in the initial trading sessions. The modest grey market premium and full pricing of the IPO suggest that market participants have already factored in the company's strong financials and growth potential.

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.