Euro Pratik Sales IPO: Check Day 3 Subscription Status, GMP, Other Details
The price band for the IPO has been set between Rs 235 and Rs 247 per share.
Euro Pratik Sales Ltd.'s initial public offering opened for its third day of subscription on Thursday. The IPO was subscribed 0.82 times, so far on final day. A prominent player in the decorative wall panel industry, Euro Pratik Sales IPO was subscribed 0.70 times on its second day on Wednesday. The IPO was subscribed 0.43 times on its first day on Tuesday.
The initial public offering is a book-building issue worth Rs 451.31 crore that comprises entirely an offer-for-sale of 1.83 crore shares. The price band for the IPO has been set between Rs 235 and Rs 247 per share.
Investors can participate in the Euro Pratik Sales IPO subscription from Sept. 16 to Sept. 18. The allotment of shares is proposed to be finalised on Sept. 19.
The company raised Rs 134.97 crore from anchor investors on Sept.15, ahead of its initial public offering. The company allotted 54.6 lakh shares at Rs 247 apiece to 10 anchor investors.
Shares of Euro Pratik Sales are tentatively scheduled to be listed on the BSE and NSE on Sept. 23.
Axis Capital Ltd. is the book-running lead manager and MUFG Intime India Ltd. is the registrar of the issue.
Subscription Day Three
Euro Pratik Sales IPO was subscribed 0.82 times as of 11:06 a.m. on Thursday.
Qualified Institutions: 0.26 times
Non-Institutional Buyers: 1.36 times
Retail Investors: 0.88 times
Employee Reserved: 3.06 times
IPO GMP
According to InvestorGain, the GMP for the Euro Pratik Sales IPO was Rs 3 as of 10:31 a.m. on Sept. 18. The latest GMP indicates an estimated listing price of Rs 252 apiece at a premium of 1.21% over the upper limit of the IPO price band.
Note: GMP does not represent official data and is based on speculation.
