Euro Panel Products Limited IPO
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).
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:
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:
Financials of Euro Panel Products Limited IPO:
|Particulars (in Lakhs)||Mar 21||Mar 20|
|Cost of Raw Material||10,157.21||10,924.87|
|Changes In Inventories||-120.41||-959.69|
|Employee benefits expense||973.97||992.94|
|Profit Before tax||592.25||626.78|
|Profit After Tax||370||396.52|