Euro Pratik Sales shares list at 11% premium over IPO price

Euro Pratik Sales, engaged in marketing and selling decorative wall panels and laminates, made a positive debut on the Indian stock exchanges on Tuesday. The stock got listed at ₹273.45 on the BSE, a premium of 10.7% over the initial public offering (IPO) price of ₹247 per share. On the BSE, Euro Pratik Sales shares debuted at ₹272.10, up 10.16% against the issue price.

Post listing, Euro Pratik Sales touched a high and low of ₹279.55 and ₹251 on the BSE. At the time of reporting, the counter was up 1.88% at ₹251.65, with a market capitalisation of ₹2,571.86 crore. Meanwhile, the equity benchmark Sensex was down 246 points at 81,914, while the NSE Nifty fell 0.3% to the 25,129 level.

The listing of Euro Pratik Sales IPO was better than Street expectations, as the stock was trading at a 4% premium in the grey market. Ahead of its market debut, the shares were trading at ₹257, commanding a grey market premium (GMP) of ₹10 per share.

The IPO of Euro Pratik Sales was subscribed 1.34 times and was open for bidding from September 16 to September 18, 2025. The issue is entirely an offer for sale of up to ₹451.32 crore by promoter and promoter group selling shareholders. It received bids for 1,79,77,380 shares against the offered 1,34,64,781 equity shares, at a price band of ₹235 to ₹247.

Exchange data showed that the qualified institutional buyer (QIB) and non-institutional investors (NII) portions were subscribed 1.05 times and 1.92 times, respectively. The retail quota was booked 1.23 times, while the employee portion was subscribed 3.88 times.

Incorporated in 2010, Euro Pratik Sales is engaged in the decorative wall panel and laminates industry. It is one of India’s largest organised wall panel brands, holding a 15.87% market share by revenue in the same segment, as per the DRHP filed with SEBI.

The Mumbai-headquartered company has a portfolio of over 3,000 designs spanning more than 30 categories and 113 catalogues launched in just four years. It exports to over six countries across Asia and Europe and is actively sourcing and delivering products in markets such as Singapore, the UAE, Australia, Bangladesh, Burkina Faso, and Nepal.

As of March 31, 2025, the company reported total income of ₹291.52 crore, up 27% from ₹230.11 crore in the previous year. Profit after tax (PAT) increased 22% year-on-year (YoY) to ₹76.44 crore, while EBITDA grew 24% to ₹110.10 crore.

Axis Capital Limited and DAM Capital Advisors Limited are the sole book-running lead managers, and MUFG Intime India Private Limited (formerly Link Intime India Private Limited) is the registrar of the issue.

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