The Initial Public Offering of Euro Pratik Sales Limited was subscribed 0.70 times on the second day of bidding.
The issue received bids of 94,56,000 shares against the offered 1,34,64,781equity shares, at a price band of ₹ ₹235 to ₹247, according to the data available on the stock exchanges.
Qualified Institutional Buyer Portion and Non-Institutional Investors Portion were subscribed 0.26 times and 1.23 times respectively, whereas Retail Portion was subscribed 0.71 times. Employee Portion was subscribed 2.54 times. The issue kicked off for subscription on Tuesday, September 16, 2025, and will close on Thursday, September 18, 2025.
Leading brokerage firms like Arihant Capital, Adroit Financial, BP Wealth and Kunvarji Wealth Solutions have given a “Subscribe” rating to the issue highlighting the company’s well-established distribution network is their key strength, which enhances their market presence and operational efficiency across India. The company’s well-established distribution system is instrumental in delivery of the products to diverse regions throughout the country. They had a distribution network of 180 distributors across 25 states and five union territories in India.
And given the boom in the real estate in the last few years, many homes will be coming for decorations as the homeowners start getting possession of their home. Also, the company’s asset-light business model, it can scale well with minimal hurdles, which is why the company has a strong returns metrics.
The valuations for the company are much lower as compared to peers.
Axis Capital Limited, and DAM Capital Advisors Limited is the sole book-running lead manager, and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the issue.
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