Euro Pratik Sales IPO 2025: Dates, Price Band, Lot Size, Business, Risks, and How to Apply

Euro Pratik Sales Ltd., a leading brand in decorative wall panels and laminates with an asset‑light model, opens a mainboard IPO in mid‑September 2025. Here’s a concise, reader‑friendly breakdown of key dates, price band, lot size, business model, strengths, risks, and how to apply—so bidding decisions are quick and confident.

Key IPO details

• IPO window: Sep 16–18, 2025; allotment Sep 19; refunds/demat Sep 22; listing Sep 23 on BSE & NSE.
• Price band: ₹235–₹247 per share; face value ₹1.
• Issue size/structure: ₹451.31 crore, 100% Offer for Sale (~1.83 crore shares); no fresh issue.
• Lot size: 60 shares; minimum retail outlay ₹14,820 at the floor band; up to 13 lots (780 shares) for retail.
• BRLM/Registrar: Axis Capital (BRLM); MUFG Intime India Pvt. Ltd. (registrar).

What the company does

Founded in 2010, Euro Pratik Sales sells and markets decorative wall panels and laminates, focusing on design and development while outsourcing manufacturing to long‑term partners across India and abroad. The range spans 30+ product categories and 3,000+ designs, with innovative lines like Louvres, Chisel, and Auris positioned as modern, eco‑friendly alternatives to wallpaper and paint. Distribution spans 110+ cities with 180 distributors.

Financial and market context

Analyst notes highlight leadership in organized wall panels, fast‑fashion‑style product refresh (100+ catalogues launched in recent years), and consistent EBITDA growth through FY24, supported by an asset‑light model and wide distribution. Investors should review the RHP for audited revenue, margin trajectory, and working‑capital metrics.

Use of proceeds

This is a pure OFS; company will not receive funds. Evaluate promoter/selling‑shareholder rationale and post‑issue shareholding, alongside growth plans funded from internal accruals or debt.

Strengths

• Category leadership with nationwide distribution and strong brand visibility in decorative wall panels.
• Asset‑light model leveraging 30+ categories, 3,000+ designs, and multiple contract manufacturers across geographies.
• Innovation track record with eco‑friendly, anti‑fungal, and anti‑bacterial products aligned with modern décor trends.

Key risks

• OFS only: No primary capital for growth; consider how expansion will be funded.
• Working‑capital and channel risk: Inventory intensity and distributor credit terms can impact cash flows.
• Import exposure and currency risk tied to overseas sourcing and contract manufacturing partners.
• Competitive pressure from organized and unorganized décor brands across Tier‑2/3 markets.

Valuation checks before applying

Benchmark against listed décor/laminate peers on: growth, gross/EBITDA margins, ROE/ROCE, cash conversion (inventory/receivable days), and post‑issue valuation (P/E, EV/EBITDA). Cross‑verify peer comps and multiples in the RHP and broker notes.

How to apply

• Apply via ASBA (net banking) or UPI‑enabled broker apps from Sep 16–18; consider bidding at cut‑off.
• Minimum lot is 60 shares; approve UPI mandates promptly.
• Check allotment on MUFG Intime’s portal using PAN/Application/DP details on Sep 19; tentative listing on Sep 23.

Bottom line

Euro Pratik Sales brings a recognized décor brand with a wide design catalogue and asset‑light model, but the pure OFS structure means no fresh capital for growth. Evaluate channel strength, cash conversion, and valuation versus laminate/décor peers before sizing bids.