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On September 23, 2025, Euro Pratik Sales Ltd, a decorative wall panel and laminates player from Gujarat, made an impressive debut on Dalal Street. The stock is listed at Rs 272.10 per share at the NSE, which is a 10.16% premium to the issue price of Rs. 247. On the BSE, shares opened even stronger at Rs. 273.45, up 10.71% from the IPO price.
Public offering of Euro Pratik Sales, with a size of Rs. 451.39 crore, ran from September 16-18 and had robust demand from all investor types. IPO was subscribed 1.41 times overall, with strong demand from non-institutional investors, who subscribed to 2.02 times their allocation.
Retail investors subscribed 1.31 times, and qualified institutional buyers subscribed 1.10 times. The employee quota received the most demand, which was subscribed to at a rate of 4.09 times.
IPO was structured as a complete offer-for-sale (OFS) of 1.83 crore shares; therefore, the company raised no new funds through this listing. Instead, proceeds went to existing shareholders divesting their stakes.
Key promoters such as Jai Gunvantraj Singhvi and Pratik Gunvantraj Singhvi took part in the sale of shares. Before the IPO, the company raised Rs. 134.97 crore from high-profile anchor investors such as Motilal Oswal Mutual Fund, Alchemy Capital, and PineBridge Investments.
For retail investors, the minimum lot size was 60 shares, requiring an investment of Rs. 14,820 at the upper price band. Those allotted shares saw an immediate gain of approximately Rs. 16,326 per lot on listing day, exceeding the grey market premium (GMP) forecast of around 4%.
Established in 2010, Euro Pratik Sales Ltd has developed a presence in the decorative wall panel and laminates industry. The organization reportedly has a 15.87% market share in the organized wall panels segment and sells its products primarily through flagship brands such as Euro Pratik and Gloirio.
It markets more than 30 different product categories and offers more than 3,000 designs to serve the residential and commercial markets. The organization has also launched new products, including Louvres, Chisel, and Auris, that further solidify its position in the premium decorative products niche.
Also Read: IPOs vs. Secondary Market: Which Offers Better Returns for Investors?
Analysts point out that Euro Pratik's strong debut cements what is overall a healthy investor sentiment and confidence in the decorative materials sector, aided by urbanization and changes in interior design preferences.
Stakeholders have further gained value from the IPO proceeds through divestment. The listing creates enhanced visibility, liquidity, and access to the capital markets for future growth.
With the stock trading well above expectations on its debut, investors will look to see how Euro Pratik sustains that momentum in the secondary market, given the volatility of broader equity markets.
