Euro Pratik Sales Ltd’s initial public offering (IPO) has been subscribed 1.31 times as of 4 PM on September 18. Data from the exchange indicates that the IPO received bids for approximately 1.76 crore shares compared to the 1.34 crore shares available.
Among the categories, non-institutional investors (NIIs) led with a subscription rate of 1.91 times, while retail individual investors (RIIs) saw a subscription of 1.19 times. The qualified institutional buyer (QIB) portion was subscribed 1.05 times, and the employee portion garnered a significant 3.83 times subscription.
Anchor Portion
Prior to the IPO, the company raised ₹135 crore from anchor investors. About 54.64 lakh equity shares were allocated to various investors, including the 360 One Group, Motilal Oswal Mutual Fund, ITI Mutual Fund, Alchemy Capital Management, Nuvama Wealth, Bengal Finance and Investment (backed by Ashish Kacholia), and Turnaround Opportunities Fund, at a price of ₹247 per share, totaling ₹134.97 crore in fundraising.
IPO Details
The overall public issue amounts to ₹451.32 crore and involves a complete offer-for-sale by the promoters, with no fresh issue component included. The price band for the shares is set between ₹235 and ₹247. Axis Capital and DAM Capital Advisors are serving as the book-running lead managers, and the shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Business Portfolio
Euro Pratik provides a diverse range of products for both residential and commercial uses, marketed under its flagship brands, ‘Euro Pratik’ and ‘Gloirio’. The company operates on an asset-light model and outsources manufacturing to contract partners in countries including South Korea, China, and the United States.
In fiscal year 2025, the company reported a 28% increase in revenue from operations, totaling ₹284.23 crore, while profit after tax rose nearly 22% to ₹76.44 crore.
Brokerages’ View
Brokerages generally recommend subscribing to the Euro Pratik IPO, particularly for investors seeking long-term exposure. However, risk-averse individuals are advised to monitor the subscription trends.
According to HDFC Securities, key concerns relate to operational dependencies and business risks, including vulnerabilities to accidents or damage to warehousing facilities, exposure to exchange rate fluctuations, and a heavy reliance on the largest contract manufacturer along with its top 30 distributors. The company has also reported negative cash flows from operating activities and engages in related-party transactions, which raises governance concerns.
Published on September 18, 2025.
