One of India’s leading decorative wall panel brands, Euro Pratik, submitted its Draft Red Herring Prospectus (DRHP) to SEBI to launch its IPO (Initial Public Offering).
On Tuesday, January 21, the company filed its DRHP and decided to raise around ₹730 crore funds through its book-built initial public offering (IPO). The company provides its services to clients in the United States and Europe.
According to the Drhp document, Euro Pratik planned to raise ₹730 crores, this IPO comprises fully an Offer-for-sale component of ₹730 equity shares with a face value of ₹1 each. This IPO does not contain fresh issues means the amount raised through the public initial offering will go directly to the selling shareholders, which means the company itself will not get any benefits from this Initial public offering (IPO).
Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunwantraj Singhvi HUF, Jai Gunwantraj Singhvi HUF, Dipty Pratik Singhvi and Nisha Jai Singhvi are the promoters of the Euro Pratik sales limited who are selling their stake worth ₹45.7 crores, ₹45.1 crore, ₹253.4 crore, ₹253.4 crore, ₹66.2 crore each in the company respectively.
The book-running lead managers of this IPO are Axis Capital Ltd and DAM Capital Advisors, while the registrar of the public issue is MUFG Intime India Private Limited.
About Euro Pratik Sales Limited
Euro Pratik Sales Limited is one of India’s leading companies that works in the decorative wall panels and decorative laminates industry. They are one of the renowned sellers and marketers of decorative wall panels and decorative laminates industry.
Euro Pratik Sales has established itself as one of the leading decorative wall panel and laminates companies holding a 15.87% market share in the industry.
They are also able to showcase their innovative products like Louvres, chisel, and Auris in the India Covering Expo 2019-2022, and create a unique design template for decorative wall panels by keeping the modern interior and architectural trend alive. The company’s portfolio comprises over 30 product categories with over 3000 designs offering a variety of products to our customers. With a product distribution network across 88 cities in India and 104 product categories. As of September 30, 2024, the company generated a total revenue of ₹1,361.42 from the sale of their products.
Euro Pratik IPO Prospectus:
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | To be Updated Soon |
Euro Pratik Company Financial Report
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax |
2022 | ₹215.68 | ₹156.11 | ₹44.52 |
2023 | ₹268.55 | ₹188.40 | ₹59.57 |
2024 | ₹230.12 | ₹145.07 | ₹62.91 |
September 2024 | ₹143.91 | ₹85.75 | ₹43.41 |
Euro Pratik IPO Valuation – FY2024
Euro Pratik IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹6.19 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 40.39% |
Net Asset Value (NAV): | ₹785.34 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Greenlam Industries Limited | 10.82 | 55.18 | 12.68 | 85.34 | – Cr. |
Asian Paints Limited | 56.95 | 40.47 | 29.74 | 194.82 | – Cr. |
Berger Paints India Limited | 10.02 | 45.75 | 21.75 | 46.14 | – Cr. |
Indigo Paints Limited | 30.95 | 44.69 | 16.50 | 189.44 | – Cr. |
Objects of the Issue
- To be updated soon
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- DAM Capital Advisors Limited