Euro Panel Products Limited IPO Detail
Headquartered in Mumbai, Eurobond is engaged in the manufacturing and supplying of Aluminium Composite Panels (ACP) globally. ACPs are kind of panels, which are widely used as an exterior covering of commercial buildings and corporate houses. Eurobond manufacture varieties of ACPs in different colors, designs, and textures for its customers through the quality-controlled production method. The company's business segments include - i) Government Contracts, ii) Export Business, iii) Distributors, iv) Private Institution Tenders.
Eurobond has been exporting products in the USA, South Africa, Uganda, Nigeria, Tanzania, Sri Lanka, and Nepal since 2014. The company has been recognized as One Star Export House by the Ministry of Commerce and Industry and is also an annual member of the Indian Green Building Council (IGBC).
The company's registered office is in Mumbai and sales offices and warehouses are located at Bhiwandi, Ahmedabad, Nagpur, Delhi, Lucknow, Raipur, Kolkata, and Indore.
Competitive Strengths:
- Brand Image
- Enthusiastic and experienced workforce
- Widespread sales and distribution network
- Investment in R&D and focus on innovations
Company Promoters
Rajesh Shah And Divyam ShahIPO Details
| IPO Opening Date | Dec 14, 2021 |
| IPO Closing Date | Dec 16, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹45.50 Cr |
| Fresh Issue | ₹45.50 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.07x | 0.52x | 0.30x |
IPO Tentative Timetable
The Euro Panel Products Limited IPO open date is Dec 14, 2021, and the close date is Dec 16, 2021. The issue may list on Dec 24, 2021.
| IPO Open Date | Dec 14, 2021 |
| IPO Close Date | Dec 16, 2021 |
| Basis of Allotment Date | Dec 21, 2021 |
| Initiation of Refunds | Dec 22, 2021 |
| Credit of Shares to Demat Account | Dec 23, 2021 |
| IPO Listing Date | Dec 24, 2021 |
IPO Lot Size
The Euro Panel Products Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.50% |
| Post Issue Share Holding | 60.61% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 145.21 | 143.30 | 3.70 |
| 31-Mar-20 | 132.97 | 142.99 | 3.96 |
| 31-Mar-19 | 94.82 | 108.67 | 3.93 |
Objects of the Issue:
- Meeting incremental working capital requirements
- Repayment of unsecured loan availed by the company
- General corporate purposes
Euro Panel Products Limited IPO Registrar:
Link Intime India Private Ltd
Euro Panel Products Limited IPO Lead Manager(s):
Fedex Securities Limited
