Euro Pratik Sales IPO
Euro Pratik Sales IPO Price Range is ₹235 - ₹247, with a minimum investment of ₹14,820 for 60 shares per lot.
Subscription Rate
0.28x
as on 16 Sep 2025, 01:46PM IST
Minimum Investment
₹14,820
/ 60 shares
IPO Status
Live
Price Band
₹235 - ₹247
Bidding Dates
Sep 16, 2025 - Sep 18, 2025
Issue Size
₹451.32 Cr
Lot Size
60 shares
Min Investment
₹14,820
Listing Exchange
BSE
IPO Doc
Euro Pratik Sales IPO Application Timeline
Euro Pratik Sales IPO: What You Must Know
Wondering what Euro Pratik Sales is all about and if you should invest in its IPO? This quick video explains the company’s business, financials, key strengths, and risks in simple words. A must-watch for retail investors before making their IPO decision.
Objectives of IPO
- The company's IPO is structured entirely as an Offer for Sale (OFS), aggregating up to ₹451.31 crore. Consequently, the company itself will not receive any proceeds from this IPO. Instead, the entire amount raised will go directly to the Promoter Selling Shareholders, including Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunvantraj Singhvi HUF, Jai Gunvantraj Singhvi HUF, along with part of the promoter group, Dipty Pratik Singhvi, and Nisha Jai Singhvi.
Financial Performance of Euro Pratik Sales
Euro Pratik Sales has shown steady financial growth over the last three years, though FY25 results need to be seen with some caution as they include acquisitions. Revenue increased from ₹268.55 crore in FY23 to ₹291.52 crore in FY25, giving it a modest CAGR of 4.2%.
Profit has also grown consistently, moving from ₹59.57 crore in FY23 to ₹76.44 crore in FY25, with a healthy CAGR of 13.3%. This suggests the company has been able to scale its earnings while controlling costs. Borrowings remain very low, with almost no debt in FY24 and only ₹2.68 crore in FY25, keeping the balance sheet light.
On the profitability side, EBITDA margins have remained strong, improving from 31.73% in FY23 to nearly 39% in FY25. This indicates efficient operations and good pricing power in its segment.
Overall, Euro Pratik Sales appears to be in a financially stable position with growing profits, strong margins, and low debt. However, since FY25 numbers include acquisitions, investors should look at the core business separately before making decisions.
Strengths and Risks
Strengths
It is one of India's largest organized Decorative Wall Panel brands, holding a 15.87% market share by revenue in FY23 within this sector, showing its significant industry standing.
It demonstrates strong financial growth, with EBITDA margin increasing from ₹31.73% in FY23 to 38.74% in FY25. Profit after tax also grew from ₹59.57 crore to ₹76.44 crore over the same period.
The company operates with a healthy balance sheet, maintaining low leverage. Its Debt to Equity Ratio was 0.01, and Net Debt to EBITDA Ratio was (0.10) as of March 31, 2025, indicating minimal financial risk from borrowings.
It has a significant reach across India, with 180 distributors spread across 116 cities, 25 states, and five union territories as of March 31, 2025. It also exports to over six countries in Asia and Europe.
The company offers a wide range of products, boasting over 30 product categories and 3,000+ designs as of March 31, 2025. It also launched 113 new product catalogues in the last four years, highlighting its focus on novelty.
The company benefits from an asset-light model, relying on 36 contract manufacturers located in India and internationally (South Korea, China, etc.) as of FY25, which helps manage operating costs efficiently.
Risks
The IPO is entirely an Offer for Sale (OFS), totaling ₹451.31 crore. This means the company will not receive any money directly from this offering for its business operations or growth initiatives, as all proceeds go to selling shareholders.
It heavily depends on Decorative Wall Panels, which generated 66.13% of its revenue from operations in FY25. A downturn in this specific market or increased competition could significantly impact its overall business.
It outsources all manufacturing, making it reliant on its 36 contract manufacturers. The top contract manufacturer alone accounted for 24.03% of total purchases, while the top 10 accounted for 52.79% in FY25. Any disruption with these key partners could negatively impact production and supply.
The company experienced negative cash flows of ₹30.65 crore from operating activities in FY25. This was mainly due to increases in trade receivables and inventories, which extended its working capital cycle to 168 days. This could strain its liquidity and ability to fund growth plans.
Financial results for FY25 include the effects of recent acquisitions, making them not fully comparable to prior periods (FY24 and FY23). This limits a clear year-over-year assessment of its core business performance.
Some of its subsidiaries have unsecured loans amounting to ₹4.89 crore as of July 31, 2025, which are repayable with only one day's notice. This presents a liquidity risk if lenders suddenly demand repayment.
A major fire on April 26, 2025, at its largest warehouse destroyed ₹33.59 crore in inventory (34.92% of our total inventories in FY25) and ₹10.8 lakh in plant/equipment. This substantial loss occurred after the latest reported financial year (March 31, 2025), so its full financial impact is not yet included in the presented financials.
How to Apply for Euro Pratik Sales IPO on INDmoney
- Download the INDmoney app and complete your KYC.
- Go to INDstocks → IPO, or just search “IPO”.
- Tap on Euro Pratik Sales IPO from the list of live IPOs.
- View key details like price band, lot size, and dates.
- Tap Apply Now and choose your number of lots.
- Use INDpay UPI for instant mandate tracking.
- Your funds will be blocked until the share allotment is finalized.
Listed Competitors of Euro Pratik Sales
Company | Operating Revenue (₹ Cr) | EBITDA Margin | Profit (₹ Cr) | P/E Ratio | Return on Equity (%) | Working Capital Days |
Euro Pratik Sales | ₹284.23 Cr | 38.74% | ₹76.44 Cr | 32.8 | 39.18% | 168 |
₹2,569.34 Cr | 11.12% | ₹68.35 Cr | 87.54 | 6.21% | 1.61 | |
₹33,905.62 Cr | 19.82% | ₹3,709.71 Cr | 62.64 | 18.79% | 48.71 | |
₹11,544.71 Cr | 17.2% | ₹1,182.81 Cr | 55.77 | 20.47% | 26.9 | |
₹1,340.67 Cr | 18.8% | ₹142.165 Cr | 40.32 | 14.71% | 2.92 |
Euro Pratik Sales Shareholding Pattern
| Promoters & Promoter Group | 87.97% | |
| Name | Role | Stakeholding |
| Pratik Gunwantraj Singhvi HUF | Promoter | 28.7% |
| Jai Gunwantraj Singhvi HUF | Promoter | 28.7% |
| Pratik Gunvantraj Singhvi | Promoter | 5.17% |
| Jai Gunvantraj Singhvi | Promoter | 5.1% |
| Dipty Pratik Singhvi | Promoter Group | 7.49% |
| Nisha Jai Singhvi | Promoter Group | 7.49% |
| Nidhi Seemant Sacheti | Promoter Group | 2.79% |
| Mirage Intex LLP | Promoter Group | 1.5% |
| Others | Promoter Group | 1.03% |
| Public | 12.03% | |
| Name | Role | Stakeholding |
| Prakash Suresh Rita | Public | 3.55% |
| Manoj Pravinchardra Gala | Public | 3.27% |
| Kulmeet Sarup Saggu | Public | 1.92% |
| Seemant Hemkumar Sacheti | Public | 1.86% |
| Manish Gala | Public | 1% |
| Others | Public | 1.46% |
About Euro Pratik Sales
The company reaches its diverse customer base across India through an extensive distribution network of 180 distributors spanning 116 cities, 25 states, and five union territories, as of March 31, 2025. Beyond domestic borders, it exports products to over six countries in Asia and Europe, including Singapore, UAE, and Australia. Euro Pratik operates on an asset-light model, outsourcing manufacturing to 36 contract manufacturers located in India, South Korea, China, and other nations as of FY25. To enhance brand recognition, the company engages Hrithik Roshan as the brand ambassador for "Euro Pratik" and Kareena Kapoor Khan for its subsidiary brand "Gloirio".
Euro Pratik holds a significant market position as one of India's leading and largest organized Decorative Wall Panel brands, capturing a 15.87% market share by revenue in FY23. For its future, the company plans to expand into new domestic and international markets, such as the United States and Europe, through both organic and inorganic growth. It aims to strengthen relationships with its partners and continuously boost brand awareness through targeted marketing. A core strategy is sustained product innovation and portfolio expansion, with nine new products and over 308 designs currently under development as of March 31, 2025.
Frequently Asked Questions of Euro Pratik Sales IPO
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Who are the promoters of Euro Pratik Sales?
The promoters of Euro Pratik Sales are Pratik Gunvantraj Singhvi, Jai Gunvantraj Singhvi, Pratik Gunwantraj Singhvi HUF, and Jai Gunwantraj Singhvi HUF. This group collectively holds 67.67% of the company's share capital.
Who are the competitors of Euro Pratik Sales?
Euro Pratik Sales operates in the decorative wall panel and laminates industry. It faces competition from alternative solutions like decorative paints and wallpapers, offered by companies such as Asian Paints, Berger Paints, and Indigo Paints, as well as players in the unorganized sector. No direct listed peers operate on a similar scale.
How does Euro Pratik Sales make money?
Euro Pratik Sales primarily generates revenue by selling decorative wall panels and decorative laminates. In FY25, decorative wall panels contributed 66.13% of its sales, while decorative laminates accounted for 25.64%. Other decorative items, including interior films and adhesives, made up the remaining 8.23%.