IPO
Wall panel maker Euro Pratiks' Rs.451-Cr fully OFS issue oversubscribed
Mumbai-based Euro Pratik Sales’ INR 451 crore IPO was fully subscribed, with overall demand reaching 1.03 times. The retail portion was subscribed 1.06 times against the 67,00,862 shares reserved. The Non-Institutional Investors (NIIs) was subscribed 1.7 times against the 28,71,798 shares allotted. The Qualified Institutional Buyers (QIBs) portion was subscribed 42% of the 38,29,062 shares reserved. The price band has been fixed between INR 235-247 per share.The IPO is entirely an offer for sale (OFS) by the promoters. All proceeds from the issue will go to the promoter group, which includes members of the Singhvi family.Euro Pratik Sales is among India’s top organized wall panel brands, holding an estimated 10% revenue market share in FY24. Its offerings are marketed under the ‘Euro Pratik’ and ‘Gloirio’ brands, boasting a diverse portfolio of over 3,000 designs across 30 product categories.
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