Home Finance Euro Pratik Sles Market Debut: Decorative Laminates Stock Slides to ₹ 252 Level after 11% Premium Debut

Euro Pratik Sles Market Debut: Decorative Laminates Stock Slides to ₹ 252 Level after 11% Premium Debut

0
Euro Pratik Sles Market Debut: Decorative Laminates Stock Slides to ₹ 252 Level after 11% Premium Debut

The ₹ 451.32-Crore IPO was subscribed 1.34 times on the closing day of bidding.

The ₹ 451.32-Crore IPO was subscribed 1.34 times on the closing day of bidding. , Photo credit: istock.com

Shares of Euro Pratik Sales Ltd, A Prominent Decorative Wall Panel Company, Slipped to the ₹ 252 Level Intraday Folling a Strong Market Debut Compared to the IPO price of ₹ 247.

On the bse, the stock opened at ₹ 273.45, up 10.7 per cent from the issue price and on the nse, it listed at ₹ 272.10, Gaining 10.16 per cent.

The stock moderated between the ₹ 250.55 and ₹ 279.55 on the bse before trading at ₹ 252.50 at 1.04 PM, Nearly 8 per cent below the listing price. On the nse, it traced at ₹ 252.50 at the time of written.

The market cap studs at ₹ 2,580.55 Crore.

The ₹ 451.32-Crore IPO was subscribed 1.34 times on the closing day of bidding. The Public Issue was elevated an offer-for-with by the promoters, without fresh issue of shares. The price band was ₹ 235 – ₹ 247 per share. Ahead of the IPO, the company mobilised ₹ 135 Crore from Anchor Investors. Axis Capital and Dam Capital Advisors were the Book-Running Lead Manager of the Issue.

Euro Pratik has had a broad product portfolio, solder the flagship brands euro pratik and gloirio.

Published on September 23, 2025

LEAVE A REPLY

Please enter your comment!
Please enter your name here