Euro Pratik Sales IPO: Price, Analysis, Allotment, GMP And Details

Euro Pratik Sales IPO - Company Analysis

Euro Pratik Sales IPO, a Mainboard IPO, is a bookbuilding issue of Rs. 451.31 Cr (~1.83 crore Shares) by Euro Pratik Sales Ltd., which was incorporated in 2010, that sells and markets decorative wall panels and decorative laminates.

The business was acknowledged as a pioneer for products like Louvres, Chisel, and Auris and develops distinctive design templates for Decorative Wall Panels and Laminates that complement contemporary architectural trends.

The company is among the top decorative wall panel brands in India and holds a 15.87% revenue market share in the organized decorative wall panel sector. (Source: Technopak Report).

The company has created a distinct market for decorative wall panels and laminates for both residential and commercial applications over the past seven years by expanding its product line.

Its products contain antibacterial and antifungal qualities, are made from recycled materials, and are free of harmful heavy metals. Additionally, the company exports to six countries.

 

Products

Decorative Wall Panels

Decorative Laminates

 

Euro Pratik Sales IPO Details

The Euro Pratik IPO open date is from Sep 16 to Sep 18, with IPO allotment on Sep 19, refund initiation on Sep 22, 2025.

The Rs. 451.31 Cr mainline IPO comprises a wholly an offer for sale (OFS) of 1.83 crore shares.

The Euro Pratik Sales IPO listing date might be on Tuesday, 23 September 2025, and it will be listed at the BSE and NSE. The Euro Pratik Sales IPO price band is Rs. 235 to Rs. 247 for each Share. 

Events	Date
IPO Opening Date	Sep 16, 2025
IPO Closing Date	Sep 18, 2025
IPO Allotment Date	Sep 19, 2025
Refund Initiation	Sep 22, 2025
Tentative IPO Listing Date	Sep 23, 2025

 

Euro Pratik Sales IPO- Analysis & Hidden Facts

1. Promoters’ Ultra Low Cost of Shares - Although the identical shares are being sold at prices of several hundred crores in the IPO, the promoter HUFs (Pratik & Jai Singhvi HUF) only paid Rs. 0.06 per share for their shares. Retail investors may be alarmed by this since it implies that promoters will reap enormous windfall profits.

2. International Affiliates - The business has step-down subsidiaries in the USA (Euro Pratik USA LLC) and Croatia (Euro Pratik EU d.o.o.). However, investors face a risk when integrating international enterprises due to their current modest scale and questionable profitability.

3. Brand Risk - In reality, the "Euro Pratik" brand is registered under the name of a single promoter rather than the company itself. All the business has is a user agreement. Brand rights may become ambiguous in the event of a disagreement between the corporation and the promoter.

4. The IPO is a full OFS - All proceeds will go directly to the promoters and promoter group who are selling their shares; the company will not get any more funding that can be utilised for expansion.

5. Inorganic Acquisitions - The three most recent acquisitions made by Euro Pratik Sales are Vougue Decor, Euro Pratik Laminate LLP, and Millenium Decor, which were primarily related-party companies that were purchased during the 2024 - 2025 slump sales. This indicates that promoter-linked acquisitions, not only organic growth, are reflected in the IPO's consolidated financials. These agreements are mostly to blame for the dramatic increase in FY25 revenue and profit, which might not be sustainable if integration and synergies don't work out. The company's growth narrative is still largely inorganic, so investors should be aware of this.

 

Industry Outlook

If you want to apply for the IPO, click to open a Demat Account.

 

 

Company Financial 

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	273.84	174.49	159.12
Total Revenue	291.52	230.11	268.55
PAT	76.44	62.91	59.57
EBITDA	110.10	89.00	83.63
Net Worth	234.49	155.73	130.02
Reserves and Surplus	223.88	153.75	129.51
Total Borrowing	2.68	-	3

Cash Flows

The cash flows for various activities are shown below:

(Amount in millions)

Net Cash Flow In Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(306.50)	746.79	570.94
Net Cash Flow Investing Activities	360.44	(281.24)	(97.41)
Net Cash Flow Financing Activities	(18.78)	(423.60)	(483.97)

 

Revenue Bifurcation 

Product-wise Revenue Breakdown

Region-wise Revenue Breakdown

(Source RHP)

 

The Objective of The Issue

• The net proceeds shall go to the selling shareholders after deduction of offer expenses. And the company shall not receive any proceeds since the issue is completely an offer for sale.

Click to check the IPO application status.

Listed Peers of Euro Pratik Sales Ltd.

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Greenlam Industries Limited	1	2.68	87.54
Asian Paints Limited	1	38.25	62.64
Berger Paints India Limited	1	10.13	55.77
Indigo Paints Limited	10	29.76	40.32

 

Valuation

Metric	Value
ROE	39.18%
ROCE	44.58%
Debt/Equity	0.01
PAT Margin	26.08%
EBITDA	38.74%
RoNW	32.60%

 

Evaluation of P/E Ratio

Considering the period of FY 2025, with an EPS of Rs. 7.53 from the last year, the resulting P/E ratio is 32.80x. When compared with the industry’s average P/E of 61.57x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

Explore the Shringar House of Mangalsutra IPO.

IPO's Strengths

• One of the biggest brands of organized wall panels in India's organized decorative wall panel market.

• Extensive product line in multiple categories

• Utilizing our merchandising skills and placing a strong emphasis on fresh designs and product uniqueness to stay ahead of market trends.

• Asset-light corporate strategy with long-term international alliances.

• Presence throughout India with a reputable distribution system.

 

 

 

IPO’s Weaknesses

• The risk of brand ownership.

• An over-reliance on suppliers.

• The IPO has no new issues.

• Acquired Entities' Integration Risk.

 

Euro Pratik Sales IPO GMP 

Euro Pratik Sales IPO GMP today has not started yet as of 10 Sep 2025, while writing this information.

Euro Pratik Sales Limited IPO Summary

IPO Opening & Closing Date	Sep 16, 2025 to Sep 18, 2025
Face Value	Rs. 1 per Share
Issue Price	Rs. 235 to Rs. 247
Lot Size	60 Shares
Issue Size	1,82,71,862 Shares (Rs. 451.31 Cr)
Sale Type	OFS
Listing At	BSE, NSE
Issue Type	Book Built Issue IPO
Registrar	MUFG Intime India Pvt.Ltd.

Euro Pratik Sales IPO Lot Size

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (60 Shares) amounting to Rs. 14820 and 13 Lots (780 Shares) amounting to Rs. 192660, respectively, while for S-HNI investors, the minimum Lot is 14 (840 Shares) amounting to Rs. 207480.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	13 Lots
SHNI (Minimum)	14 Lots
SHNI (Maximum)	67 Lots
BHNI (Minimum)	68 Lots

Euro Pratik Sales IPO Reservation

Institutional Share Portion	50%
Retail Investors' Share Portion	35%
Non-Institutional Shares Portion	15%

 

 

 

Euro Pratik Sales IPO Allotment Status

To check the Euro Pratik Sales IPO allotment status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Euro Pratik Sales Ltd.

• Pratik Gunvantraj Singhvi
  
  

• Jai Gunvantraj Singhvi
  
  

• Pratik Gunwantraj Singhvi HUF
  
  

• Jai Gunwantraj Singhvi HUF.
  
  

Pre-Issue Promoter Shareholding	87.97%
Post-Issue Promoter Shareholding	-

 

Euro Pratik Sales IPO Lead Managers

• Axis Capital Ltd.

 

Dividend Policy

The company has not paid a dividend during the last three fiscal years.

Conclusion

In the decorative wall panel sector, Euro Pratik Sales IPO offers a strong brand presence, a stable market share, and good profitability. Investors should be aware that the IPO is a pure OFS with no new funding for expansion, even though pricing seems appealing when compared to peers. Reliance on suppliers, integration of acquired firms, and brand ownership under a promoter are major risks.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.