Euro Pratik Sales IPO allotment out today: Here’s how investors can check status, GMP – News Air Insight

Investors who applied for the Rs 451.31 crore Euro Pratik Sales IPO will soon know their allotment status, with the process expected to be finalised on Friday. The IPO, which was open for subscription between September 16–18, received a moderate response, being subscribed 1.41 times overall. Despite being backed by marquee investor Ashish Kacholia, the GMP is also modest at just Rs 1.

According to exchange data, the retail category was subscribed 1.31 times, while the NII quota saw 2.02 times subscription. The qualified institutional buyers (QIBs) subscribed 1.1 times, and employees, who were offered shares at a Rs 13 discount, subscribed 4.09 times.

How to check allotment status

Investors can check their allotment status once it is uploaded on the registrar’s website, MUFG Intime India Pvt, or on the stock exchange websites (BSE and NSE). Applicants will need to use their PAN, IPO application number, or DP/Client ID to check whether they have received shares.Visit the registrar’s website (https://in.mpms.mufg.com/Initial_Offer/public-issues.html).

Select Euro Pratik Sales IPO from the drop-down menu.

Enter your PAN, application number, or DP/Client ID.

Submit the details to see allotment status.

On BSE Exchange Website

Go to BSE IPO Allotment Status (https://www.bseindia.com/investors/appli_check.aspx)

Select Equity under issue type.

Choose Shringar House of Mangalsutra

Enter application number and PAN.

The shares will be credited to successful bidders’ demat accounts on September 22, while refunds for those who did not get allotment will also be initiated the same day. The IPO is scheduled to list on BSE and NSE on September 23.

Listing outlook

Ahead of listing, the IPO is witnessing muted buzz in the grey market, with the GMP at around 0.2%. This suggests a flat to mildly positive listing if the sentiment sustains.

IPO details

Euro Pratik Sales IPO was a pure offer-for-sale (OFS), with promoters and existing shareholders selling 1.83 crore shares, aggregating to Rs 451.31 crore. The price band was fixed at Rs 235–247 per share, with a minimum lot size of 60 shares (Rs 14,820 at the upper band).

Promoter holding will decline from 87.97% to 70.1% post-issue, while public shareholding will rise. Axis Capital Ltd was the book-running lead manager.

About the company

Euro Pratik Sales is one of India’s largest organized players in decorative wall panels and laminates, offering more than 30 product categories and 3,000 designs. The company has a distribution network spanning 25 states, 5 union territories, and exports to six countries.

In FY25, the company reported a 27% revenue growth to Rs 291.52 crore and 22% PAT growth to Rs 76.44 crore. It operates an asset-light business model with strong dealer tie-ups, though analysts note that the segment is highly competitive.

With allotment out today, all eyes are now on the September 23 listing, which will test investor appetite for a decorative materials player with steady but niche growth prospects.