Euro Pratik Sales has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 730 crore through an initial public offering (IPO). The IPO is entirely an Offer For Sale (OFS) by promoters. It includes a subscription reservation for eligible employees.
Axis Capital and DAM Capital Advisors are the book-running lead managers of the issue. The equity shares are proposed to be listed on the National Stock Exchange of India and BSE.
Euro Pratik Sales, a prominent player in the 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'.
