Euro Pratik Sales Limited, one of India’s largest organized decorative wall panel brands, is coming up with its Initial Public Offering (IPO). The IPO has generated significant buzz in the markets given the company’s strong growth in the decorative laminates and wall panel industry. In this detailed Euro Pratik Sales IPO Review, we cover its IPO Date, IPO Price, GMP, Issue Size, Financials, Peer Comparison, Strengths, Risks, and whether you should Subscribe or Avoid. We will also look at queries like Euro Pratik IPO Good or Bad, Euro Pratik IPO Invest or Avoid, and Euro Pratik IPO Buy or Not.
About Euro Pratik Sales Limited
Incorporated in 2010, Euro Pratik Sales Ltd. operates in the decorative wall panel and laminates industry. The company is recognized for innovative designs such as Louvres, Chisel, and Auris, and caters to modern architectural trends. With over 3,000 designs across 30 categories, Euro Pratik has established itself as a “fast-fashion” brand in interiors.
- Present in 116 cities across 25 states.
- Wide distributor network of 180 distributors.
- Exports to 6 countries including UAE, Singapore, and Australia.
- Eco-friendly and sustainable products that are anti-fungal, anti-bacterial, and made from recycled materials.
Euro Pratik Owner: The company is promoted by Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunvantraj Singhvi HUF and Jai Gunvantraj Singhvi HUF.
Competitive Strengths
- Market Leader: Holds 15.87% market share in the organized decorative wall panel industry.
- Diverse Product Portfolio: Over 30 categories and 3,000 SKUs.
- Design Edge: Ability to launch 100+ new product catalogs in just four years.
- Asset-Light Model: Strong partnerships and low leverage business.
- Pan-India Network: Distribution presence from metros to Tier-III cities.
- Strong Financial Performance: Healthy revenue and profit growth with superior margins.
Euro Pratik Sales IPO Issue Details
- Euro Pratik IPO Date: September 16, 2025 to September 18, 2025
- Allotment Date: September 19, 2025
- Listing Date: September 23, 2025
- Euro Pratik IPO Price Band: ₹235 – ₹247 per share
- Face Value: ₹1 per share
- IPO Size: ₹451.31 Crores (Offer for Sale – 1.83 Crore Shares)
- Lot Size: 60 shares (₹14,820 at upper band)
- Lead Manager: Axis Capital Ltd.
- Registrar: MUFG Intime India Pvt. Ltd.
Financial Performance
Euro Pratik Sales has delivered strong financial growth over the last three years:
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue (₹ Cr) | 268.55 | 230.11 | 291.52 |
| EBITDA (₹ Cr) | 83.63 | 89.00 | 110.10 |
| PAT (₹ Cr) | 59.57 | 62.91 | 76.44 |
| Net Worth (₹ Cr) | 130.02 | 155.73 | 234.49 |
| EBITDA Margin | 31% | 38.6% | 38.7% |
| PAT Margin | 22.1% | 27.3% | 26.0% |
The company operates with nearly zero debt (Debt/Equity ratio: 0.01).
Objects of the IPO
The IPO is a 100% Offer for Sale (OFS) by promoters. Hence, no fresh funds will be infused into the company. Objectives:
- To provide exit to existing shareholders.
- To achieve the benefits of listing and enhanced brand visibility.
Investors can check the Euro Pratik DRHP and RHP for complete details.
Valuation and Peer Comparison
At the upper price band of ₹247, Euro Pratik’s P/E works out to 33.02x (based on FY25 EPS of ₹7.48).
Peer Comparison (FY25):
- Greenlam Industries – P/E: 87.54x (Highest)
- Indigo Paints – P/E: 40.32x (Lowest)
- Industry Average – 61.57x
👉 Euro Pratik’s valuation of 33x looks attractive compared to the industry average.
Reasons to Invest in Euro Pratik Sales IPO
- Leadership Position: One of the largest decorative wall panel companies with a strong brand presence.
- Financial Growth: 22% PAT growth YoY, high ROE (39.18%) and ROCE (44.58%).
- High Margins: EBITDA margin at 38.7% is higher than most listed peers.
- Low Debt: Strong balance sheet with minimal leverage.
- Expanding Market: Growing interior design and decorative wall panel industry.
Risk Factors
- IPO is OFS Only – No fresh issue; proceeds won’t go into business growth.
- Intense Competition – Competes with substitutes like paints, wallpapers, and tiles.
- Working Capital Intensive – High working capital cycle of 168 days.
- Dependency on Distributors – Reliance on third-party logistics and distribution.
- Raw Material Risks – Any fluctuation in PVC, laminate input prices may impact margins.
How to Apply for Euro Pratik Sales IPO?
Investors can apply via:
- UPI-based IPO Applications through broker apps (Zerodha, Upstox, Groww, Angel One).
- ASBA Facility via Net Banking (ICICI, HDFC, SBI, Axis, etc.).
- Minimum bid: 60 shares; Maximum for retail: 780 shares.
Grey Market Premium (GMP)
As of now, the Euro Pratik Sales IPO GMP is in the range of ₹40 – ₹50 per share, indicating moderate listing gains. (Note: GMP is unofficial and subject to change daily).
Conclusion – Euro Pratik IPO Good or Bad?
Euro Pratik Sales IPO comes with a strong brand, consistent financial performance, high margins, and low debt levels. The valuation of 33x is reasonable compared to peers. However, since it is a pure OFS, investors should note that the company won’t receive growth capital.
Recommendation: SUBSCRIBE for Listing Gains and Medium-Term Investment.
So if you are wondering Euro Pratik IPO Invest or Avoid, the answer is Invest with medium-term view.
FAQs on Euro Pratik Sales IPO
1. What is Euro Pratik IPO Date?
IPO opens on September 16, 2025 and closes on September 18, 2025.
2. What is the Euro Pratik IPO Price Band?
The price band is set at ₹235 – ₹247 per share.
3. What is the Euro Pratik IPO Size?
The IPO size is ₹451.31 crore, entirely OFS.
4. What is Euro Pratik IPO GMP Today?
The GMP is around ₹40 – ₹50 per share.
5. Who is Euro Pratik Owner?
The company is promoted by Pratik Gunvantraj Singhvi and Jai Gunvantraj Singhvi families.
6. Should I invest in Euro Pratik IPO?
Yes, the IPO looks attractive based on valuations and business fundamentals. Suitable for investors seeking listing gains and medium-term returns.
7. Is Euro Pratik IPO Good or Bad for investment?
It looks good for investors aiming for reasonable valuation and strong fundamentals.
8. When will Euro Pratik IPO list?
Tentative listing date is September 23, 2025 on NSE and BSE.
Disclaimer: This article is for educational purposes only and not a recommendation to subscribe or avoid the IPO. Investors should carefully read the RHP/DRHP, consult a SEBI-registered financial advisor, and evaluate their own risk profile before investing in IPOs. Grey Market Premium (GMP) figures are unofficial and subject to market fluctuations.
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