Euro Pratik Sales’ IPO Final Day: 75% Subscribed as Deadline Looms

Race against the clock—Euro Pratik Sales' public offering enters its final hours with three-quarters of shares spoken for.

The Subscription Countdown

With just 75% of shares grabbed so far, the finish line approaches—will last-minute investors push this offering across the threshold or leave it hanging? Typical IPO drama, where everyone's suddenly an expert until it's time to write the check.

Market Pulse Check

No groundbreaking numbers to flaunt, no shocking reveals—just the cold, hard stats from the original playbook. Sometimes the market speaks, and sometimes it just mumbles into its coffee.

Final Call Reality

As the window slams shut, the real test begins. Performance post-IPO separates the contenders from the pretenders—another chapter in the never-ending saga of public offerings trying to prove their worth.

Subscription status on Day 2

On the Day 2, the IPO received 70 per cent subscription. The non-institutional investors (NIIs) category led with 1.23 times subscription, while the retail individual investor (RIIs) segment saw 71 per cent subscription. The qualified institutional buyer (QIB) portion recorded 26 per cent subscription and the employee portion stood at 2.25 times.

Anchor portion

Ahead of the IPO, the company raised ₹135 crore from anchor investors. About 54.64 lakh equity shares were allotted to investors including 360 One group, Motilal Oswal Mutual Fund (MF), ITI MF, Alchemy Capital Management, Nuvama Wealth, Ashish Kacholia-backed Bengal Finance and Investment, Turnaround Opportunities Fund, at ₹247 per share, aggregating the fund raising to ₹134.97 crore.

IPO details

The ₹451.32 crore public issue is entirely an offer-for-sale by promoters, with no fresh issue component. The price band has been set between ₹235 and ₹247 per share.

Axis Capital and DAM Capital Advisors are acting as the book-running lead managers, and the company’s shares will be listed on both the NSE and BSE.

Business portfolio

Euro Pratik offers a wide range of products for residential and commercial applications, marketed under its flagship brands ‘Euro Pratik’ and ‘Gloirio’. Operating on an asset-light model, the company outsources manufacturing to contract partners in South Korea, China, and the US.

The company’s revenue from operations ROSE by 28 per cent to ₹284.23 crore in fiscal 2025 and the profit after tax was up nearly 22 per cent to ₹76.44 crore.

Brokerages view

Euro Pratik IPO is viewed by brokerages as a “subscribe” in general, particularly for those wanting long-term exposure. Risk-averse investors might want to wait and see how subscription pans out.

According to HDFC Securities, the key concerns largely stem from its operational dependencies and business risks. The company faces vulnerabilities such as accidents or damage to its warehousing facilities, exposure to exchange rate fluctuations, and a high reliance on its largest contract manufacturer as well as on its top 30 distributors.

The company has also reported negative cash flows from operating activities and engages in related-party transactions, which raise governance concerns.

Published on September 18, 2025