The Euro Pratik Sales IPO, which opened for subscription on September 16, 2025, closes today, September 18, 2025. The IPO is an entirely offer-for-sale (OFS) of 18.3 million equity shares, aiming to raise ₹451.31 crore.
Subscription Status
By the end of the second day, the IPO was subscribed 0.75 times. Data from the NSE reveals that the public issue received bids for 10,32,66,000 shares against 1,23,00,000 shares on offer, resulting in an oversubscription of 8.40 times. * Non-institutional investors (NIIs) oversubscribed their category by 13.78 times. * Qualified institutional buyers (QIBs) subscribed 7.09 times. * Retail investors oversubscribed their category by 6.56 times.
On the second day, the IPO had been booked 0.70 times. The retail portion was subscribed 0.71 times, while the NII segment was filled 1.23 times and the QIB segment 0.26 times. By the end of the day, the issue was subscribed 0.39 times overall. Retail investors subscribed 0.41 times, and NIIs subscribed 0.64 times.
As of 11:30 AM on the final day, September 18, 2025, the IPO's subscription status was as follows:
- QIBs: 0.28 times
- NII: 1.45 times (Bids above ₹10L: 1.81x, Bids below ₹10L: 0.73x)
- Retail: 0.95 times
- Employee: 3.29 times
- Total: 0.88 times
By the third and last day of bidding, the IPO was subscribed 78%. The retail segment subscribed to 84% of their allocated shares, NII subscriptions reached 1.32 times the reserved shares, and institutional interest remained subdued at 26% subscription.
Grey Market Premium (GMP)
On the final day of subscription, investor enthusiasm in the grey market remained muted. The unlisted shares of Euro Pratik Sales were exchanging hands at around ₹252 per share, indicating a grey market premium (GMP) of ₹5 per share, or approximately 2.02 per cent over the upper end of the issue price of ₹247 per share.
On the second day, Euro Pratik Sales shares were trading at a premium of ₹8 in the grey market. Earlier, on the IPO opening day, the grey market premium (GMP) stood at zero. The GMP is not a reliable indicator of the listing price or future performance of an IPO. The grey market premium (GMP) stood at ₹8 as of September 17, 2025, 10:37 am. The estimated listing price was expected to be ₹255 based on the upper price band of ₹247, with an expected percentage gain per share of 3.24%. The GMP declined to just 0.4% on the last day.
IPO Details
The price band for the IPO is ₹235 to ₹247 per share. Investors are required to apply for a minimum of 60 shares, amounting to a minimum investment of ₹14,820.
The basis of allotment of shares is expected to be finalised on Friday, September 19, 2025. Successful investors will receive shares in their demat accounts on Monday, September 22, 2025. Shares of Euro Pratik Sales are tentatively scheduled to list on the NSE and BSE on Tuesday, September 23, 2025.
Axis Capital is the sole book-running lead manager for the IPO, while DAM Capital Advisors is the registrar. The company will not receive any proceeds from the offer for sale. The funds will be received by the selling shareholders after deducting offer-related expenses and relevant taxes.
Euro Pratik Sales Limited, founded in 2010, specializes in marketing and distributing decorative wall panels and laminates. The company has a 15.87% market share in the organized wall panel space in India. It offers over 30 product ranges and more than 3,000 designs, supported by 180 distributors across 25 states and 5 union territories.
