Euro Pratik Sales Ltd

About the Company:

Euro Pratik Sales Ltd operates in the decorative wall panel and decorative laminates industry as a seller and marketer of Decorative Wall Panels and Decorative Laminates.

Company is one of India’s leading Decorative Wall Panel brands and have established ourselves as one of the largest organized Wall Panel brands with a market share of 15.87% by revenue in the organized Decorative Wall Panels industry.

Company develops differentiated design templates for our Decorative Wall Panels and Decorative Laminates which are tailored to meet contemporary architectural and interior design trends.

Over the last seven years, company has introduced a diversified product portfolio which has enabled us to create a distinct market in the Decorative Wall Panels and Decorative Laminates industries catering to various segments, including residential, and commercial applications.

As at March 31, 2025, we offered our consumers a wide range of products in India, with over 30 product categories and over 3,000 designs.

Company offers a quality and eco-friendly alternative to traditional wall decoration products such as wallpaper, wood and paint.

Company’s range of products competes with wallpaper products and premium wall paints in the Indian market by offering a durable and cost-effective product range.

Company’s products are anti-bacterial, antifungal, free from certain heavy metals such as lead and mercury, and are made from recycled and eco-friendly materials, offering greater environment consciousness than the substitutes in the Indian market such as wood and paint products.

Company’s Brand Ambassadors:

To further strengthen our brands, company has engaged Hrithik Roshan, an established actor, as the brand ambassador for the products under the “Euro Pratik” brand. In similar vein, our Subsidiary Gloirio has engaged Kareena Kapoor Khan an established actress, as the brand ambassador for the products offered under the “Gloirio” brand.

Company operates on Asset Light Model:

Company operates on an asset-light business model by outsourcing manufacturing processes to our contract manufacturing partners and have long-term arrangements with select global manufacturers which assists us in offering unique products.

Once our manufacturing partners receive our design templates, they produce the finished products in compliance with our specifications and quality standards. We believe, this approach enables our products to incorporate the latest designs. During the Fiscal 2025, we worked with 36 contract manufacturers across countries including India, South Korea and China.

Company’s Distribution Network:

As at March 31, 2025, Company sold our products to 180 distributors across 25 states and five union territories in India.

In Fiscal 2024, Company also began exporting our products to over six countries across Asia and Europe and are actively sourcing and delivering products in Singapore, UAE, Australia, Bangladesh, Burkina Faso and Nepal.

In order to continue to increase the scale of our business, we will keep exploring organic or inorganic expansion into new markets with favorable demographics, market size and growth potential.

Company’s Revenue from Various Product Categories:

Company’s Operational Metrics:

Management Team:

Mr. Pratik Gunvantraj Singhvi (Designation: Chairman and Managing Director)
Mr. Jai Gunvantraj Singhvi (Designation: Executive Director and Chief Financial Officer)

Objectives of the Issue:

Offer For Sale: (Rs.451.31 cr)

Company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will be entitled to their respective portion of proceeds of the Offer for Sale.

Positives for the Company:

One of India’s leading and largest organized wall panel brands in the organized Decorative Wall Panel industry.

Company is one of India’s leading decorative wall panel brands and have established ourselves as one of the largest organized Wall Panel brands in India with a market share of 15.87% by revenue in the organized Decorative Wall Panels industry.
Company’s status as one of India’s leading decorative wall panel brands is driven by our approach to design. By integrating global design trends, we continuously meet the evolving needs of the market and capture new opportunities for expansion.

Comprehensive product portfolio across various categories.

As at March 31, 2025, company offered a range of over 30 product categories and over 3,000 designs and as product innovators for Louvers, Chisel and Auris in India’s decorative Wall Panels and Decorative Laminates segment industries we introduced first-to-market products by identifying and understanding consumer and industry trends.
Over the last seven years, company has continuously expanded our product offerings by leveraging the “Euro Pratik” and “Gloirio” brand. By diversifying our product range, we aim to stay at the forefront of industry trends and technological advancements

Asset-light business model with global long-term partnerships.

Company operates an asset-light business model with a focus on product design and development. While we develop and sell our products, we outsource our manufacturing processes to our contract manufacturing partners.
Company’s contract manufacturing partners include global players such as Miga, South Korea, who possess the technology and know-how to manufacture our designs. By outsourcing manufacturing, we minimize the requirement for substantial capital investment in production facilities and equipment.
As at March 31, 2025, we worked with 36 contract manufacturers in India and abroad including countries such as South Korea, China, the United States, Romania, Turkey, Indonesia and Portugal.

Pan-India presence with a well-established distribution network.

Company’s well-established distribution network is our key strength which enhances our market presence and operational efficiency across India.
Company’s well-established distribution system is instrumental in delivery of our products to diverse regions throughout the country. As at March 31, 2025, we had a distribution network of 180 distributors across 25 states and five union territories in India.

Financials of the Company:

(in Crores)	FY 23	FY 24	FY 25
Revenue	268.55	230.10	291.52
Net Profit	59.5	62.9	76.44

Valuation of Peer Group Companies:

Company Name	Face Value	EPS	PE Ratio	RoNW	NAV
Euro Pratik Sales Limited	1	7.53	32.80	32.60%	22.94
Greenlam Industries Ltd	1	2.68	87.54	6.07%	44.17

IPO Details:

Details	Info
Issue Opens on	16th September 2025
Issue Closes on	18th September 2025
Issue Price	Rs.235-247
Face Value	Rs.1
Retail Category Allocation	35%
Minimum Lot	60 Shares
Minimum Investment	Rs.14,820
Issue Constitutes	17.87 %
Issue Size	Rs.451.31 cr ($50 million )
Market Cap	Rs.2524 cr ($ 283 million)
Listing at	NSE & BSE
Equity Shares Offered (OFS)	1,82,71,862 (Rs.451.31 cr)
Equity Shares Prior to the Issue	10,22,00,000
Equity Shares after the Issue	10,22,00,000 (Rs.2524 cr)

IPO Valuation Parameters:

Earnings Per Share (EPS)	Price To Earnings ratio (PE)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt Equity Ratio (D/E)
7.53	32.80	32.60%	22.94	0.01

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Important Dates:

Finalization of Basis of Allotment	on or Before 19th September 2025
Initiation of Refunds	on or Before 22nd September 2025
Credit of Equity Shares:	on or Before 22nd September 2025
Listing Date:	on or Before 23rd September 2025

Company Contact Info:
Euro Pratik Sales Limited 601-602, 6th floor, Peninsula Heights C.D. Barfiwala Lane, Andheri (West) Mumbai City, Mumbai – 400 058 Maharashtra, India. Tel: +91 22 2624 4574 E- mail: cs@europratik.com Website: www.europratik.com

Registrar to the Issue:
MUFG Intime India Pvt Ltd C-101, 1st Floor, Embassy 247 Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083 Maharashtra, India. Tel: +91 810 811 4949 E-mail: europratik.ipo@in.mpms.mufg.com Website: www.in.mpms.mufg.com