Euro Pratik Sales IPO: Check IPO Date, Lot Size, Price & Details

Euro Pratik Sales IPO announcement banner, featuring the company logo, company name, and a design vector.

Introduction:

Euro Pratik Sales Limited is a design-focused trading company engaged in creative design and trading of decorative wall panel products. Over the years, it has developed a strong presence in India’s interior décor segment through its flagship brands “Euro Pratik” and “Gloirio”. The company operates in the organized decorative wall panel industry, where it has established itself among the largest players with a market share of 15.87% by revenue in FY23.

The company’s product portfolio includes wall panels, laminates, translucent panels, and allied decorative products, catering to both residential and commercial spaces. By FY25, Euro Pratik offered 3,438 SKUs, distributed through 180 distributors across 25 Indian states, reflecting its expanding footprint.

In addition to its domestic dominance, Euro Pratik has initiated international expansion through subsidiaries in the UAE (Euro Pratik Trade FZCO) and the US (Euro Pratik C Corp Inc.) to diversify revenue streams. Warehousing operations are critical to its distribution model, with facilities spread over ~194,878 sq. ft. in Bhiwandi, Maharashtra.

The company emphasizes in-house design capabilities, integration of global trends, and sustained brand investments, which together have fostered strong consumer and distributor loyalty.

IPO Details:

IPO Date

16th September 2025 to

18th September 2025

Face Value

₹ 1

Price Band

₹ 235 - ₹ 247 share

Lot Size

60 Shares

Issue Size

₹ 451.31 crores

Fresh Issue

₹ crores

OFS

₹  451.31 crores

Expected Post Issue Market Cap (At upper price band)

₹ 2524.34 crores

Objectives of Issue:

Since the entire issue of shares is a offer for sale type company wont receive any proceeds from the issue hence there is no objectives for the above issue

Key Strengths:

  • Leadership in Decorative Wall Panels-Euro Pratik is one of India’s leading decorative wall panel brands with 15.87% revenue share in the organized segment . Its well-recognized brands “Euro Pratik” and “Gloirio” have successfully captured consumer trust by combining global design trends with in-house innovation. This leadership provides strong pricing power, high brand recall, and an entry barrier for new competitors.
  • Expanding Product Portfolio and Inorganic Growth-The company has expanded beyond wall panels into laminates, translucent panels, and other decorative solutions. Acquisitions like Millennium Décor and integration of Vougue Décor have diversified its offerings . Such inorganic expansion not only enhances scale but also opens access to wider distributor networks and new geographies.
  • Strong Distribution Network and Pan-India Presence - By FY25, the company had 180 distributors across 25 states compared to 97 distributors in FY23 . This strong distribution backbone ensures deeper market penetration and faster product rollouts. International subsidiaries in UAE and the US further enhance opportunities to tap global markets .

Risks

  • High Dependence on Decorative Wall Panels-A significant 66.13% of revenue in FY25 came from decorative wall panels . This reliance creates a concentration risk: if consumer preferences shift, or substitutes/alternative materials gain popularity, Euro Pratik’s revenues could be disproportionately impacted. While the company is diversifying into laminates and other decorative products, any slowdown in its core wall panels business would materially affect performance.
  • Lack of Direct Ownership of the “Euro Pratik” Brand-The company does not own the “Euro Pratik” trademark, which is registered in the name of promoter Pratik Gunvantraj Singhvi. The company uses it under a Registered User Agreement signed in September 2024 . Though the license is perpetual and royalty-free, the lack of ownership exposes Euro Pratik to risks if disputes arise in the future. Since brand equity is central to its success, this legal arrangement represents a structural vulnerability.
  • Concentration and Operational Risks-The company’s warehousing operations are concentrated in Bhiwandi, Maharashtra. Any accidents, non-renewal of leases, or logistical disruptions may significantly impair operations . Additionally, dependence on third-party manufacturers and suppliers introduces supply chain vulnerabilities.

Financial Snapshot:

Particulars

FY ended 31/3/25

Fy ended 31/3/24

Fy ended 31/3/23

Revenue ((in ₹ million)

2,842

2,217

2,636

Growth

28.20%

-15.89%

 

EBITDA (in ₹ million)

1,101

890

836

Growth

23.71%

6.42%

 

Net Profit ((in ₹ million)

764

629

596

Growth

21.51%

5.61%

 

EBITDA Margins

38.74%

40.15%

31.73%

PAT Margins

26.89%

28.38%

22.60%

Debt to Equity

0.01

-

0.02

ROCE

45%

55%

61%

ROE

39%

44%

48%

Peer Comparison

Particulars

Euro Pratik Sales

Industry Average

Revenue Growth

4%

7%

EBITDA Margins

37%

17%

PAT margins

26%

10%

ROCE

54%

23%

Debt-Equity

0.02

0.24

ROE

44%

19%

Price to Earning

33

62

 

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