Euro Pratik Sales Ltd IPO
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Euro Pratik Sales Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 182.72 L | ₹ 182.72 L | ₹ 63.75 L | ₹ 899.1 L | BSE | ₹ 451.31 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 16 Sep, 25 | 18 Sep, 25 | 60 | ₹ 14,100 | Book Building | 23 Sep, 25 |
Euro Pratik Sales Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.44x | 9107591 | 4002420 |
| NII | 2.02x | 2732277 | 5514660 |
| Retail | 1.29x | 6375314 | 8216340 |
| Employee | 4.32x | 56680 | 244860 |
| Total | 0.98x | 18271862 | 17978280 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Euro Pratik Sales Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 284.23 | 221.70 | 82.38 |
| EBITDA | 87.93 | 92.09 | 82.90 |
| PAT | 59.89 | 60.65 | 63.45 |
| Total Assets | 148.45 | 108.29 | 144.21 |
| Share Capital | 10.22 | 1.98 | 0.51 |
| Total Borrowings | 19.98 | 10.61 | 28.98 |
| Operating Activities (Net Cash) | 64.01 | 64.24 | 63.97 |
| Investing Activities (Net Cash) | 10.71 | 36.53 | 6.22 |
| Financing Activities (Net Cash) | 19.98 | 10.61 | 28.98 |
| Net Cashflow | 8.23 | 17.75 | 15.77 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Euro Pratik Sales Ltd
Our Company was originally incorporated on January 19, 2010 at Maharashtra, India as `Better Life Mission Multitrade Private Limited', a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Maharashtra, at Mumbai on January 19, 2010. Subsequently, the name of our Company was changed to `Euro Pratik Sales Private Limited' pursuant to a special resolution adopted by our Shareholders in the EGM held on April 14, 2017, and a fresh certificate of incorporation consequent upon change of name was issued to our Company by the RoC on May 2, 2017. Our Company was then converted into a public limited company under the Companies Act pursuant to a special resolution adopted by our Shareholders in the EGM held on August 22, 2024, consequent to which, the name of our Company was changed to `Euro Pratik Sales Limited' and a fresh certificate of incorporation, consequent upon change of name, was issued to our Company by the Registrar of Companies, Central Processing Centre on October 11, 2024.
The Decorative Wall Panels and Decorative Laminates industries are valued at Rs. 24,180.18 million and Rs. 94,931.20 million in Fiscal 2024, respectively, and are expected to expand at a CAGR of 17.89% from Fiscal 2024 to Fiscal 2029, reaching a value of Rs. 55,068.18 million by Fiscal 2029 and 9.00% from Fiscal 2024 to Fiscal 2029, reaching a value of Rs. 146,063.42 million by Fiscal 2029, respectively, driven by an increase in the disposable income of individuals and families, and factors such as urbanisation, preference for premium and durable products. The global Decorative Wall Panels and Decorative Laminates industries is expected to follow a similar trend.
We operate in the decorative wall panel and decorative laminates industry as a prominent seller and marketer of Decorative Wall Panels and Decorative Laminates. According to the Technopak Report, we are one of India's leading Decorative Wall Panel brands and have established ourselves as one of the largest organized Wall Panel brands in India with a market share of 15.87% by revenue in the organized Decorative Wall Panels industry and our total revenue from the Decorative Wall Panels during Fiscal 2023 was Rs. 1,742.89 million.
Euro Pratik Sales Ltd IPO Key Points
Strengths
- One of India's leading and largest organized wall panel brands in the organized Decorative Wall Panel industry.
- Comprehensive product portfolio across various categories.
- Staying ahead of market trends with our merchandising capabilities and a key focus on product novelty and new designs.
- Asset-light business model with global long-term partnerships.
- Pan-India presence with a well-established distribution network.
Risk
- We are significantly dependent on our contract manufacturers for manufacturing of our products. In the six-month period ended September 30, 2024 and in Fiscals 2024, 2023 and 2022, 32.08%, 70.56%, 56.18% and 46.05%, respectively, of our total value of products purchased were manufactured by our top contract manufacturer and 47.95%, 91.66%, 87.88% and 86.02%, respectively, of our total value of products purchased were manufactured by our top 10 contract manufacturers. Any loss of our contract manufacturers, if not suitably replaced, could materially and adversely affect our business, results of operations and financial condition.
- We do not operate any manufacturing facilities and our dependence on contract manufacturers for all our products subjects us to risks which, if realized, could materially and adversely affect our business, results of operations and financial condition.
- We depend significantly on revenue from sale of Decorative Wall Panels, which contributed to 68.97%, 76.54%, 66.12% and 54.97% of our revenue from operations for the six-month period ended September 30, 2024 and in Fiscals 2024, 2023 and 2022, respectively. As a result, our business may be materially and adversely affected if we are unable to sell our Decorative Wall Panels as expected or if substitute products become available or gain wider market acceptance.
Strategy
- Expand into new markets.
- Continue to expand our distribution network and undertake measures to improve our inventory management systems.
- Continue to improve our brand equity and consciousness.
- Continue to focus on product innovation in response to evolving consumer preferences and further expand our product portfolio.
- Integrate our recent acquisitions and continue to expand our business through strategic inorganic growth opportunities.
- One of India's leading and largest organized wall panel brands in the organized Decorative Wall Panel industry.
- Comprehensive product portfolio across various categories.
- Staying ahead of market trends with our merchandising capabilities and a key focus on product novelty and new designs.
- Asset-light business model with global long-term partnerships.
- Pan-India presence with a well-established distribution network.
How To Apply for Euro Pratik Sales Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
