Euro Pratik Sales IPO subscribed 23 percent so far on Day 1; NII, retail investors lead

Euro Pratik Sales IPO see healthy subscription on first day of share sale on September 16.

Euro Pratik Sales IPO was subscribed 23 percent so far on the first day of share sale on September 16.

The Rs 451.31-crore issue by a prominent player in the decorative wall panel industry, Euro Pratik Sales, received bids for 31.25 lakh shares against 1.34 crore shares on offer, according to NSE data at around 1:30 p.m.

The category for Qualified Institutional Buyers (QIBs) got subscribed 8 percent. The portion for non-institutional investors fetched 44 percent subscription, while the Retail Individual Investors (RIIs) part received 22 percent subscription.

Earlier, on Monday the company mobilised Rs 135 crore from anchor investors.

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The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component, and open for subscription on September 16 and conclude on September 18.

The company's shares are available for subscription in the price band of Rs 235 to Rs 247 per share.

Euro Pratik has an extensive product range catering to both residential and commercial applications, which is predominantly sold under its flagship brands 'Euro Pratik' and Gloirio.

The company operates on an asset-light model - it outsources manufacturing to contract partners across South Korea, China, and the US. As of March 31, 2025, its distribution network spans across 116 cities in India, with 180 distributors operating across 25 states and five union territories in India.

The company's shares will be listed on the National Stock Exchange and BSE.

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