EURO PRATIK Sales List: Euro Pratik sales shares debuted in the listing space at a modest premium on Tuesday. The stock opens at Rs 252 for BSE and opens at Rs 253 on NSE – a premium of 2% over the issue price.
Earlier on Tuesday, Zee business executive editor Singhvi predicted the stock price of nearly Rs 247. He advises investors to stick to their positions.
The Euro Pratik sales listing list follows the company’s successful IPO, which witnessed a strong investor response, over-recognized 1.34 times the equity offered.
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The IPO is a book-making issue that constitutes 183 million shares of stocks aimed at raising Rs 45.131 crore. The price band is set at Rs 235-247 per share, with a size of 60 shares. Retail investors need to invest at a minimum of Rs 14,820.
Bidding opened on September 16 and closed on September 18th. The basis for the distribution was finalized on September 19, and soon after the stock was attributed to the share account of the successful bidder.
Euro Pratik Sales is a brand that operates on decorative wall panels and laminates in India. According to financial results for the fiscal year 25, the company’s revenue increased from Rs 22.2 crore to Rs 284 crore and its net profit increased from Rs 63 crore to Rs 77 crore, an increase of 21.5%. EBITDA is 35.7% and net profit margin is 27%. Return on equity (ROE) is 32.8%, and return on capital employed is 43.7%.
