Euro Pratik Sales Limited IPO

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Euro Pratik Sales Limited is engaged in the decorative wall panel and decorative laminates industry, operating as a seller and marketer of high-quality decorative solutions. Recognized as one of India’s leading organized brands in the decorative wall panel segment, the company has established itself as a product innovator, offering eco-friendly, durable, and design-forward alternatives to traditional wall decoration products like wallpaper, wood, and paint.

Business Model

It is an Asset-light model which Focuses on design and development while outsourcing manufacturing to long-term global partners. It Works with 36 contract manufacturers across India and international markets, including South Korea, China, the United States, Romania, Turkey, Indonesia, and Portugal. This model reduces capital expenditure while ensuring global quality standards and design innovation.

Product Portfolio

It Offers 30+ product categories and 3,000+ designs across decorative wall panels and laminates. It is Identified as a product innovator at India Coverings Expo (2019–2022) for introducing unique products like Louvers, Chisel, and Auris. The company operates as a fast-fashion brand in wall décor, with over 113 product catalogues launched in the last four years. Products are anti-bacterial, anti-fungal, eco-friendly, and free from heavy metals like lead and mercury.

Market Position and Distribution

Market Position: Euro Pratik Sales Limited commands a 15.87% market share in India’s organized decorative wall panels industry, with ₹1,742.89 million revenue in FY23, and strong brand visibility through its “Euro Pratik” and “Gloirio” brands endorsed by Hrithik Roshan and Kareena Kapoor Khan.

Distribution & Reach: The company has a pan-India presence across 116 cities with 180 distributors and exports to six international markets, supported by a large warehouse near Nhava Sheva Port in Maharashtra.

Competitive Strengths

i) Market Leadership – One of India’s largest organized wall panel brands with 15.87% market share.
ii) Comprehensive Portfolio – Wide range of categories and innovative designs catering to residential and commercial segments.
iii) Asset-Light Model – Outsourced manufacturing with global partnerships ensures scalability and efficiency.
iv) Distribution Network – Strong pan-India and global footprint with extensive reach.
v) Financial Performance – Robust EBITDA growth and low leverage levels support sustainable expansion.
vi) Brand Equity – Endorsements by leading Bollywood actors strengthen consumer connect and brand visibility.

Objects of the Euro Pratik Sales Limited IPO:

Company will not receive any proceeds from the Offer; all proceeds, net of expenses and applicable taxes, will go to the Selling Shareholders.

Euro Pratik Sales Limited IPO Details:

Open Date: Sep 16 2025
Close Date: Sep 18 2025
Total Shares: 1,82,71,862
Face Value: ₹ 1 Per Equity Share
Issue Type: Book Building
Issue Size: 451.31 Cr.
Lot Size: 60 Shares
Issue Price: ₹ 235-247 Per Equity Share
Listing At: NSE,BSE
Listing Date: Sep 23 2025

Promoters And Management:

1. Mr. Pratik Gunvantraj Singhvi, Chairman and Managing Director, has served as a Director since April 6, 2017. A commerce graduate with a specialization in business management from Mumbai University, he has over 19 years of experience in the wall décor industry. He was earlier associated with Euro Pratik Solid Surfaces and Euro Pratik Sales Corporation in leadership roles. 2. Mr. Jai Gunvantraj Singhvi, Executive Director and Chief Financial Officer, has been a Director since April 6, 2017. He holds degrees in engineering (IT) from the University of Mumbai and master’s degrees in science and business administration (finance) from Georgia State University, USA. With over 13 years of industry experience, he has previously worked with Infosys and Euro Pratik group entities. 3. Mr. Abhinav Sacheti, Executive Director and Chief Marketing Officer (Millenium Decor division), has been associated with the Company since July 2024 and was appointed to the Board in November 2024. A commerce graduate from Jiwaji University, he has 16 years of sales management experience and previously worked with Sentiments and Millenium Decor in senior sales roles.

Financials of Euro Pratik Sales Limited IPO:

Particulars FY2024-2025 FY 2023-2024 FY 2022-2023
Revenue from Operations 284.20 221.60 263.50
EBITDA 110.1 89 83.6
EBITDA Margins 38.74% 40.15% 31.73%
PAT 76.4 62.9 59.5
PAT Margins 26.88% 28.38% 22.58%
ROCE 44.58% 55.17% 61.42%
Debt to Equity Ratio(In Times) 0.01 - 0.02
Operating Cash Flows -30.6 -74.6 -57

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Euro Pratik Sales Limited 284.20 38.74% 26.88% 44.58% 0.01 2524.34 33.04
Greenlam Industries Limited 2563 11% 2.65% 7.41% 1.06 6,266 184
Asian Paints Limited 33906 18% 10.94% 25.70% 0.12 244893 63.6
Berger Paints India Limited 11545 16% 9.86% 24.90% 0.11 64008 54.8
Indigo Paints Limited 1277 18.00% 11.28% 19.50% 0.02 5444 37.8

Lead Manager of Euro Pratik Sales Limited IPO:

  1. Axis Capital Limited
  2. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)

Registrar of Euro Pratik Sales Limited IPO:

  1. MUFG Intime India Private Limited

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