Euro Pratik Sales Limited, a Mumbai-based leading supplier of decorative wall panels and premium laminates, has filed its Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise ₹730 crore via IPO.
Euro Pratik’s IPO is entirely an offer-for-sale (OFS), with no fresh issue of shares. The company aims to raise ₹730 crore through the sale of equity shares with a face value of ₹1 each. All proceeds from the IPO will go to the selling shareholders, as Euro Pratik will not receive any funds from the offering.
The promoters selling stakes include:
Axis Capital Ltd and DAM Capital Advisors Ltd are acting as the book-running lead managers for the issue, while MUFG Intime India Private Limited (formerly Link Intime India) is the registrar.
Euro Pratik Sales manufactures decorative wall panels and premium laminates, offering over 30 products. It has a strong distribution network, with more than 173 distributors across 23 states and union territories in India.
As of September 30, 2024, for the financial year 2024-25, the company reported a net profit of ₹43.40 crore. For the financial year 2023-24, it saw a 5.6% increase in net profit, rising to ₹62.9 crore from ₹59.56 crore in the previous year. The company reported a net profit of ₹44.5 crore in FY 2021-22.
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Published on: Jan 24, 2025, 12:15 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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