Public offering of Euro Pratik Sales, with a size of Rs. 451.39 crore, ran from September 16-18 and had robust demand from all investor types. was subscribed 1.41 times overall, with strong demand from non-institutional investors, who subscribed to 2.02 times their allocation.
Retail investors subscribed 1.31 times, and qualified institutional buyers subscribed 1.10 times. The employee quota received the most demand, which was subscribed to at a rate of 4.09 times.
IPO was structured as a complete offer-for-sale (OFS) of 1.83 crore shares; therefore, the company raised no new funds through this listing. Instead, proceeds went to existing shareholders divesting their stakes.
Key promoters such as Jai Gunvantraj Singhvi and Pratik Gunvantraj Singhvi took part in the sale of shares. Before the IPO, the company raised Rs. 134.97 crore from high-profile anchor investors such as Mutual Fund, Alchemy Capital, and PineBridge Investments.
