Euro Pratik has filed draft papers with the markets regulator Sebi seeking its approval to float an Initial Public Offering (IPO) worth Rs 730 crore. The IPO is entirely an Offer For Sale (OFS) by promoters. It includes a subscription reservation for eligible employees.
Euro Pratik is a leading player in India's decorative wall panel industry. Over the years, it has developed an extensive product range catering to both residential and commercial applications which are predominantly sold under its flagship brands ‘Euro Pratik’ and ‘Gloirio’. The company operates on an asset-light model. It outsources manufacturing to contract partners across South Korea, China, and the USA.
During the six months ended September 2024, the company collaborated with 26 contract manufacturers from these countries. In fiscal 2024, Euro Pratik commenced exports to six countries, including Singapore, UAE, Australia, Bangladesh, Burkina Faso and Nepal.
Euro Pratik, a prominent player in the decorative wall panel industry.
