The company has allotted 54.6 lakh shares to several marquee investors under the anchor book. The list includes 360 One Group, Pine Bridge Global Fund, Motilal Oswal Mutual Fund, Nuvama, ITI Mutual Fund and Bengal Finance, backed by ace investor Ashish Kacholia.
The IPO has been priced in the band of Rs 235–247 per share, with a lot size of 60 shares. Retail investors can make a minimum investment of Rs 14,820.
Of the total issue, not more than 50% is reserved for qualified institutional buyers (QIBs), at least 35% for retail investors, and 15% for non-institutional investors (NIIs).
Euro Pratik Sales is engaged in the business of decorative interior products, distributing laminates, wall panels, and related materials. With a strong presence in Tier I and II cities, the company has positioned itself as a supplier for both residential and commercial projects.
Proceeds from the IPO will be used for funding working capital requirements, repaying borrowings, and general corporate purposes.
as a Reliable and Trusted News SourceGiven the strong anchor book and participation from both domestic mutual funds and global funds, it augurs well for the IPO, but subscription demand could depend on market sentiments and valuations. The grey market premium (GMP), which reflects investor sentiment ahead of listing, was muted.