Euro Pratik Sales, engaged in marketing and selling decorative wall panels and laminates, made a positive debut on the Indian stock exchanges on Tuesday. The stock got listed at ₹273.45 on the BSE, a premium of 10.7% over the initial public offering (IPO) price of ₹247 per share. On the BSE, Euro Pratik Sales shares debuted at ₹272.10, up 10.16% against the issue price.
Post listing, Euro Pratik Sales touched a high and low of ₹279.55 and ₹251 on the BSE. At the time of reporting, the counter was up 1.88% at ₹251.65, with a market capitalisation of ₹2,571.86 crore. Meanwhile, the equity benchmark Sensex was down 246 points at 81,914, while the NSE Nifty fell 0.3% to the 25,129 level.
The listing of Euro Pratik Sales IPO was better than Street expectations, as the stock was trading at a 4% premium in the grey market. Ahead of its market debut, the shares were trading at ₹257, commanding a grey market premium (GMP) of ₹10 per share.
