Euro Pratik Sales to launch Rs 451.3-crore IPO on September 16, cuts offer size

Euro Pratik Sales IPO

Decorative wall panels and laminates designer and seller Euro Pratik Sales is set to launch its Rs 451.3-crore initial share sale for public subscription next week on September 16.

The IPO is entirely an offer-for-sale (OFS) by promoters. Hence, the entire issue proceeds will be received by selling shareholders, and the company will not receive any money from the offer.

The company has reduced its offer size from Rs 730 crore planned at the time of filing of DRHP with the SEBI on January 20 this year. The capital markets regulator cleared its draft papers on May 15 this year.

The IPO anchor book will be launched for institutional investors on September 15, while the offer will close for the public on September 18.

The company will finalise IPO share allotment by September 19, while Euro Pratik Sales shares will be available for trading on the BSE and NSE effective September 23.

Euro Pratik Sales that operates as a seller and marketer of decorative wall panels and decorative laminates earned 66 percent business from decorative wall panels segment, nearly 26 percent from decorative laminates division and the remainder from others.

It has recorded profit at Rs 76.4 crore in the year ended March 2025, growing 21.5 percent compared to Rs 62.9 crore in the previous year. Revenue in the same period increased by 28.2 percent to Rs 284.2 crore, up from Rs 221.7 crore.

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The company, which claims to be one of India’s leading and largest wall panel brands in the organised decorative wall panel industry, competes with Greenlam Industries, Asian Paints, Berger Paints India, and Indigo Paints.

Axis Capital, and DAM Capital Advisors are acting as the merchant bankers for the Euro Pratik Sales IPO.