Euro Pratik Sales IPO Subscription Reaches 0.46 Times on Day 1

The Euro Pratik Sales IPO has received a strong response from investors, with a subscription of 0.46x by the end of Day 1. The company is offering shares at a price of Rs. 235 to Rs 247 per share, with a minimum lot size of 60 shares. The issue size stands at 1,82,71,862 shares (aggregating up to Rs 451.31 crore), comprising only offer for sale. Stay tuned for the latest updates on the Euro Pratik Sales IPO subscription status as the offering progresses.

Euro Pratik Sales IPO Subscription Status - Day 1

The Euro Pratik Sales IPO IPO was subscribed 0.46 times on Day 1, with Retail Investors at 0.35 times, Non-Institutional Investors (NIIs) with a demand at 0.93 times, and Qualified Institutional Buyers (QIBs) at 0.28 times.

Last updated: 05:04 PM, Tuesday, 16 Sept 2025

Company Overview of the Euro Pratik Sales IPO

Euro Pratik Sales Limited, formerly known as Euro Pratik Sales Private Limited, is primarily engaged in the creative design and trading of decorative panel products, catering to both domestic and international markets. Over time, the company has expanded aggressively, incorporating subsidiaries across the United States, Europe, and the UAE, while also acquiring businesses like Vogue Decor, Millenium Decor, and Euro Pratik Laminate LLP to strengthen its portfolio

The promoters of the company include Pratik Gunvantraj Singhvi and Jai Gunvantraj Singhvi, who play key leadership roles as Chairman & Managing Director and Executive Director & CFO, respectively. The firm has consistently focused on growth and innovation, launching new products, establishing strategic subsidiaries such as Euro Pratik C Corp Inc. in the U.S. and Euro Pratik EU d.o.o. in Croatia, and forming joint ventures like Euro Pratik Star LLP and Euro Pratik Craft LLP. Recognized for its innovative designs. With its expanding footprint, acquisitions, and product diversification, the company has positioned itself as a competitive player in the decorative interiors and surface solutions industry.

Strengths and Risks of Euro Pratik Sales IPO

Let’s dive into the strengths and risks to assess if the Euro Pratik Sales IPO is good or bad for investors

Strengths

• Market Leadership and Brand Equity: Euro Pratik is a leading brand in the organized decorative wall panel industry in India, holding a market share of 15.87% by revenue in the organized segment as of Fiscal 2023. The company's products are sold under the "Euro Pratik" and "Gloirio" brands, which have been promoted by well-known celebrities like Hrithik Roshan and Kareena Kapoor Khan to enhance brand visibility and consumer trust.

• Comprehensive and Innovative Product Portfolio: The company offers a wide range of products with over 30 categories and 3,000 designs, catering to both residential and commercial applications. It operates with a "fast-fashion" approach to interiors, launching a high number of new catalogs to stay ahead of market trends. The products are marketed as durable, eco-friendly, and resistant to water, termites, and fungus.

• Asset-Light Business Model: Euro Pratik operates on an asset-light model by outsourcing its manufacturing to a network of contract manufacturers in India, South Korea, China, and other countries. This model allows the company to focus on design, branding, and distribution, while minimizing capital expenditure and operational risks.

• Strong Distribution Network: The company has a widespread distribution network with 180 distributors across 25 states and 5 union territories in India as of March 31, 2025. It is also expanding into international markets, exporting to six countries in Asia and Europe.

Risks

• High Dependence on a Single Product Category: A significant portion of the company's revenue, 66.13% in Fiscal 2025, comes from the sale of decorative wall panels. This creates a concentration risk, making the business vulnerable to shifts in consumer preferences or the rise of substitute products.

• Dependence on Contract Manufacturers: The company is heavily reliant on a small number of contract manufacturers for its products. Its top 10 contract manufacturers supplied over 52% of its total product value in Fiscal 2025. Any disruption in the operations of these manufacturers could severely impact the business.

• Negative Cash Flows and High Working Capital Days: The company experienced negative cash flows from operating activities in Fiscal 2025, primarily due to an increase in trade receivables and inventory. Its working capital days of 168 in Fiscal 2025 are high compared to its peers.

• Reliance on Top Distributors: A significant portion of the company's revenue is generated from a limited number of distributors. The top 30 distributors contributed 57.44% of its revenue in Fiscal 2025. The absence of long-term, definitive agreements with these distributors exposes the company to risks of non-performance or termination of business relationships.

Euro Pratik Sales IPO Details

• IPO Date: September 16, 2025 to September 18, 2025

• Issue Price: Rs 235 to Rs 247 per share

• Lot Size: 60 shares

• Total Issue Size: 1,82,71,862 shares (aggregating up to Rs 451.31 crore)

• Tentative Allotment Date: Friday, September 19, 2025

• Tentative Listing Date: Tuesday, September 23, 2025

How to Apply for Euro Pratik Sales IPO

• Visit the Rupeezy app or Rupezy DOCK.

• Navigate to the IPO section on the Home Page

• Here, you can view all the IPOs with details such as market lot, minimum bid quantity, price range, and analysis.

• You can read the Red Herring Prospectus for the issue details.

• Click on Apply.

• Enter your UPI ID for payment & place the bid.

• While placing the bid, enter the cutoff price or desired price in the range specified. Select quantity as per lot size. 

• Submit to complete the order.