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₹247 - 247
Euro Pratik Sales Ltd
Plywood Boards/LaminatesIPO
₹247 - 247
We operate in the decorative wall panel and decorative laminates industry as a prominent seller and marketer of Decorative Wall Panels and Decorative Laminates. According to the Technopak Report, we are one of India's leading Decorative Wall Panel brands and have established ourselves as one of the largest organized Wall Panel brands in India with a market share of 15.87% by revenue in the organized Decorative Wall Panels industry and our total revenue from the Decorative Wall Panels during Fiscal 2023 was Rs. 1,742.89 million.
Lot60Min Invest₹14,820Face Value₹1Issue Size₹451 CrOffer for Sale₹451 CrListing Price₹273CMP₹186
Timeline
16 Sept
Bidding opens
18 Sept
Bidding closes
19 Sept
Allotment
22 Sept
Refund & demat credit
23 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹451 Cr1.83 Cr shares
Offer for Sale₹451 Cr
Face Value₹1
Lot Size60 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8201-13 lots
sNII₹2,07,480from 14 lots
bNII₹10,07,760from 68 lots
Managers & Registrar
Lead ManagerAxis Capital Ltd
Co-ManagerDAM Capital Advisors Ltd
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrPratik Gunvantraj SinghviPRMTR11,43,88628.25Jai Gunvantraj SinghviPRMTR11,28,86627.88Pratik Gunwantraj Singhvi HUFPRMTR63,42,591156.66Jai Gunwantraj Singhvi HUFPRMTR63,42,591156.66Dipty Pratik SinghviPRMTR16,56,96440.93Nisha Jai SinghviPRMTR16,56,96440.93Total1,82,71,862451.31
Shareholding
CategoryPre IPOPost IPOPromoter Group87.97%70.03%Public12.03%29.97%
Objects of the Issue
- Listing the equity shares on the stock exchanges
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| RevenueCr | 222 | 284 | 335 | 374 |
| Operating ProfitCr | 81 | 100 | 113 | 118 |
| OPM% | 36.6 | 35.1 | 33.8 | 31.5 |
| PBTCr | 85 | 100 | 104 | 117 |
| PATCr | 63 | 76 | 77 | 88 |
| EPS | 6 | 7 | 8 | 8 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Equity CapitalCr | 2 | 10 | 10 | - |
| ReservesCr | 154 | 224 | 300 | - |
| BorrowingsCr | 13 | 19 | 24 | - |
| Fixed AssetsCr | - | 31 | 85 | - |
| Total AssetsCr | 174 | 274 | 397 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|
| Operating Cash FlowCr | 75 | -31 | 41 | - |
| Investing Cash FlowCr | -28 | 36 | -39 | - |
| Financing Cash FlowCr | -42 | -2 | 0 | - |
| Net Cash FlowCr | 4 | 4 | 2 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- One of India's leading and largest organized wall panel brands in the organized Decorative Wall Panel industry.
- Comprehensive product portfolio across various categories.
- Staying ahead of market trends with our merchandising capabilities and a key focus on product novelty and new designs.
- Asset-light business model with global long-term partnerships.
- Pan-India presence with a well-established distribution network.
- Experienced Promoters and management team.
Strategies · as stated in the DRHP
- Expand into new markets.
- Continue to expand our distribution network and undertake measures to improve our inventory management systems.
- Continue to improve our brand equity and consciousness.
- Continue to focus on product innovation in response to evolving consumer preferences and further expand our product portfolio.
- Integrate our recent acquisitions and continue to expand our business through strategic inorganic growth opportunities.
- Leverage market position to capitalize on favourable industry trends.
Risks · as stated in the DRHP
- We are significantly dependent on our contract manufacturers for manufacturing of our products. In the six-month period ended September 30, 2024 and in Fiscals 2024, 2023 and 2022, 32.08%, 70.56%, 56.18% and 46.05%, respectively, of our total value of products purchased were manufactured by our top contract manufacturer and 47.95%, 91.66%, 87.88% and 86.02%, respectively, of our total value of products purchased were manufactured by our top 10 contract manufacturers. Any loss of our contract manufacturers, if not suitably replaced, could materially and adversely affect our business, results of operations and financial condition.
- We do not operate any manufacturing facilities and our dependence on contract manufacturers for all our products subjects us to risks which, if realized, could materially and adversely affect our business, results of operations and financial condition.
- We depend significantly on revenue from sale of Decorative Wall Panels, which contributed to 68.97%, 76.54%, 66.12% and 54.97% of our revenue from operations for the six-month period ended September 30, 2024 and in Fiscals 2024, 2023 and 2022, respectively. As a result, our business may be materially and adversely affected if we are unable to sell our Decorative Wall Panels as expected or if substitute products become available or gain wider market acceptance.
- We do not own the brand name "Euro Pratik" which is crucial for our operations. Any failure to use, protect and leverage our "Euro Pratik" brand could materially and adversely affect our competitive position, business, results of operations and financial condition.
- Our Restated Consolidated Financial Information as at and for the six-month period ended September 30, 2024, which includes the effect of the Recent Acquisitions on our financial performance and financial condition, may not be comparable to our Restated Consolidated Financial Information in respect of prior periods.
- We depend on our top 30 distributors who contributed, in aggregate, to 54.89%, 49.66%, 45.38% and, 47.08% of our revenue from operations in the six-month period ended September 30, 2024 and in Fiscals 2024, 2023 and 2022, respectively. Any non-performance by our distributors or a decrease in the revenue we earn from our distributors could adversely affect our business, results of operations, cash flows and financial condition.