Euro Panel Products Limited IPO

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i. Euro manufactures ACPs through Quality-Controlled Production method. ACPs are kind of panels, which are widely used as an exterior covering of commercial buildings and corporate houses due to its durability and easy maintenance in almost any kind of climate.

ii. At Euro, they manufacture varieties of ACPs in different colors, designs and texture to cater the varied needs of their customers. To achieve the optimum utilization of resources, they have adopted Kaizen strategy. Kaizen strategy is an approach to create continuous improvement, where employees at all levels of a Company work together proactively to achieve commitments, incremental improvements to the manufacturing process.

iii. They have been associated with various organizations which includes Government Organizations, Hospitals, Multi-Speciliaty Hospitals, Airports etc. In past, we have entered the foreign market and have been exporting their products in USA, South Africa, Uganda, Nigeria, Tanzania, Srilanka and Nepal since year 2014. Our Company has been recognised as One Star Export House by Ministry of Commerce and Industry. Euro is also an Annual Member of Indian Green Building Council (IGBC).

The Company functions on two sales business models:

1) Business 2 Business model (B2B) and

2) Business to Customer model (B2C).

Competitive Strengths
i. Brand Image
ii. Collaborative and experienced work force
iii. Widespread Geographical reach
iv. Investment in R&D driving sustainable growth

Objects of the Euro Panel Products Limited IPO:

The Issue comprises of fresh issue of 65,00,000 Equity Shares by the Company aggregating Rs [●] Lakhs (“Issue”) The Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1. Meeting incremental working capital requirements 2. Repayment of unsecured loan availed by our company 3. General corporate purposes

Euro Panel Products Limited IPO Details:

Open Date: Dec 14 2021
Close Date: Dec 16 2021
Issue Size: 45.50 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 70 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

i. Rajesh Shah, aged 55 years, Promoter of the Company, has been appointed as a Director of the Company since Incorporation i.e. December 18, 2013. Further, he was appointed as Chairman and Managing Director of the Company on August 25, 2021. He has persued his higher education in Arts filed from L.S. Rahesja College of Arts and Commerce, Santacruz. He has experience of more than a decade in Aluminum Composite Panel industry. He looks after Finance, Expansion and business development, marketing and brand building activities of the Company ii. Divyam Shah, aged 28 years, appointed on August 08, 2014 as an Additional Non-Executive Director of the Company. Later, his designation was changed to Executive Director on September 30, 2014. Subsequently he was appointed as Whole-Time Director on August 25, 2021. He has completed Bachelor of Business Administration (BBA) from Narsee Monjee Institute of Management Studies (NMIMS) . He also looks after procurement, production, branding & marketing activities in the Company. iii. Barkharani Nivetia, aged 27 years, was appointed as an Independent Director of the Company on August 25, 2021. She is a qualified Chartered Accountant from ICAI and LLB graduate. She has experience in the fields of corporate tax compliances, statutory audits, GST and Income Tax.

Financials of Euro Panel Products Limited IPO:

Particulars (in Lakhs) Mar 21 Mar 20
Revenue 14,225 14,238.14
Cost of Raw Material 10,157.21 10,924.87
Changes In Inventories -120.41 -959.69
Employee benefits expense 973.97 992.94
Other expenses 1,731.77 1,797.30
Operating profit 1,483 1,482.72
OPM % 10% 10%
Other Income 105.21 61.23
Finance Cost 696.83 680.84
Depriciation 298.75 236.33
Profit Before tax 592.25 626.78
Profit After Tax 370 396.52
EPS 2.06 2.44

Lead Manager of Euro Panel Products Limited IPO:

  1. Fedex Securities Limited

Registrar of Euro Panel Products Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Euro Panel Products Limited 702, 7th Floor, Aravalli Business Centre, Ramdas Sutrale Road, Borivali (West) Mumbai 400092, Maharashtra, India. Phone: 022 29686500 Email: cs@eurobondacp.com Website: https://www.eurobondacp.com/

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