Euro Pratik Sales IPO to Open September 16 with Price Band of ₹235–247
by Prashant Kapadia/NHN
Mumbai, September 11, 2025: Euro Pratik Sales Limited will open its Initial Public Offering (IPO) on September 16, 2025, and close it on September 18, 2025. A key player in the decorative wall panels and laminates market, the company intends to raise ₹451 crore through an Offer for Sale (OFS) by promoters and promoter group shareholders. Shares will be listed on NSE and BSE on September 23, 2025.
IPO Key Details
The issue is of the form of an offer for sale (OFS) and is set to raise approximately ₹451 crore. The price band has been set at ₹235–₹247 per share, with the application having to be made in lots of 60 shares each. On the higher side of the band, the lowest amount of application comes to ₹14,820. The registrar of the issue is MUFG Intime India Pvt Ltd, and the book-running lead managers are Axis Capital and DAM Capital Advisors.
Offer Structure
Offer Type: 100% Offer for Sale; the Company will not get any proceeds.Selling Shareholders are Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, their HUFs, Dipty Pratik Singhvi, and Nisha Jai Singhvi.Reservations: There is a reservation for employees with a potential discount.Financial HighlightsThe firm has ensured a consistent financial performance over the last three years, characterized by sustained profitability and improving balance sheet metrics. Operating revenue was at ₹2,635.84 million in FY23, before softening to ₹2,216.98 million in FY24 and then recovering to ₹2,842.27 million in FY25, indicating resilience in business momentum.
Profit after tax (PAT) also had an upward trend, increasing from ₹595.65 million in FY23 to ₹764.40 million in FY25. Margins also continued to be strong, reflecting stable operational efficiency. The net worth of the company grew consistently, from ₹1,300.18 million in FY23 to ₹2,344.91 million in FY25.On the profitability side, EPS grew from ₹5.85 in FY23 to ₹7.53 in FY25, demonstrating shareholder value creation in line with profit growth.