Euro Panel Products IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Euro Panel Products IPO release date, IPO offer price, subscription, Euro Panel Products Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 70 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Dec 24, 2021 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 4550 Lakh |
| IPO Size | Rs 4550 Lakh |
| Tick Size | 1 |
Euro Panel Products IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Euro Panel Products IPO – Summary
Their Company was originally incorporated as a private limited company in the name of “Archer Trading House Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 18, 2013, bearing Corporate Identification Number U51101MH2013PTC251176 issued by the Registrar of Companies, Maharashtra, Mumbai.
Subsequently, the name of their Company was changed to “Euro Panel Products Private Limited” pursuant to the special resolution passed by the Shareholders of their Company at the Extra-Ordinary General Meeting held on August 18, 2014.
The Promoter of this company is RAJESH SHAH AND DIVYAM SHAH. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Euro Panel Products IPO Date
The opening and the closing date of Euro Panel Products IPO are Dec 14, 2021, and Dec 16, 2021, respectively.
Euro Panel Products IPO Subscription
| Day / Date | NII | RII | Emp | Total Subscription |
| 1st Day – 14th Dec | 0.07x | 0.52x | 0.01x | 0.30x |
| 2nd Day – 15th Dec | 1.12x | 1.00x | 0.08x | 1.07x |
| 3rd Day – 16th Dec | 1.66x | 1.92x | 0.14x | 1.80x |
| Shares Offered or Net Issue | 2,836,000 | 2,836,000 | 500,000 | 5,672,000 |
The shares subscribed by the public will be updated here.
Check Euro Panel Products IPO LIVE Subscription
- Euro Panel Products IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Euro Panel Products IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Euro Panel Products Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 21, 2021 |
| Refunds Initiation | Dec 22, 2021 |
| Credit of Shares to Demat Account | Dec 23, 2021 |
| Share Listing Date | Dec 24, 2021 |
Euro Panel Products IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.70
Euro Panel Products IPO Size
This Initial Public Issue of 65,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.70 per equity share aggregating to Rs.4550 Lakh.
Euro Panel Products IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 65,00,000 Equity Shares of Rs.10 each, aggregating to Rs.4550 Lakh
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Euro Panel Products IPO – Live Performance
The listing date of this IPO is Dec 24, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Euro Panel Products Share Price |
Euro Panel Products IPO Grey Market Premium
The Euro Panel Products Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Euro Panel Products IPO – Company Overview
Their Company is by Rajesh Shah. He in his early days was engaged in wholesale business of various items like jaggery, traditional clothing, teak wood, and also delt in the plywood business. Thereafter, with rising opportunity in the Aluminium Composite Panel (ACP) industry, he Incorporated the Company in the Name Archer Trading House Private Limited and in the year 2015, set up a factory at Umbergaon, Gujarat for manufacturing of Aluminium Composite Panel. at Umbergaon, Gujarat.
Later on, Divyam Shah joined the Company to understand the core aspects of business Management. Their Company is ISO 9001:2015 certified and contributes towards improving the quality standards of the construction industry in India. They manufacture ACPs at their factory unit located at Umbergaon, Gujarat and their Head Office is located in Mumbai, Maharashtra.
They operate through their distribution channels on a PAN India basis, through their depots, distributors, and dealers. Currently, their depots are located on Page 96 of 311 Chhattisgarh, Delhi, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh through which they can ensure that their products are supplied at the proper time to their customers, distributors, and clients.
Under “Eurobond”, they integrate the innovation along with quality to offer a wide portfolio of ACPs that complements the architectural structures in India
Euro Panel Products IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-June-21 | 31-Mar-21 | Mar-20 | Mar-19 | |
| Total Assets | 15,318.40 | 14,521.38 | 13,297.48 | 9,482.45 |
| *Total Revenue | 3,190.61 | 14,330.37 | 14,299.36 | 10,867.04 |
| Total Expense | 2,938.27 | 13,738.12 | 13,672.58 | 10,460.78 |
| Profit After Tax | 187.68 | 370.19 | 396.52 | 393.59 |
Earnings per Equity Share (in Lakh)
| 30-June-21 | 31-Mar-21 | Mar-20 | Mar-19 | |
| Basic & Diluted | 1.04 | 2.06 | 2.44 | 3.56 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 370.19 Lakh, Rs. 396.52 Lakh, and Rs. 393.59 Lakh respectively.
Euro Panel Products IPO – Promoters
The Promoter of this company is:
- RAJESH SHAH
- DIVYAM SHAH
List of Related Parties (Key Managerial Personnel)
- Rajesh Shah, Chairman, and Managing Director
- Divyam Shah, Whole-Time Director
- Barkharani Nevatia, Independent Director
- Alok Rungta, Independent Director
- Daisy Dsouza, Additional Independent Director
Euro Panel Products IPO – Promoters Holding
- Pre Issue Share Holding – 82.50%
- Pos Issue Share Holding – 60.61%
Euro Panel Products IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 65,00,000 Equity Shares aggregating up to Rs.4550 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,28,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 56,72,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 28,36,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 28,36,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,80,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,45,00,000 Equity Shares |
Euro Panel Products IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Meeting incremental working capital requirements
2. Repayment of unsecured loan availed by their company
3. General corporate purposes
Euro Panel Products IPO – Business Strategy
- Adding new products to the existing business
- Increase in geographical presence
- Growth in existing product lines
Euro Panel Products IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Brand Image
- Collaborative and experienced workforce
- Diversified client base with long-standing relationship and ability to cross-sell value-added products
- Extensive distribution network supported by advanced information technology capabilities with 79 distributors and presence in various countries like USA, Uganda, Columbo, New York, Brazil, Kenya, Nepal, Oman, Egypt.
- Consistent financial performance
- Commitment of Euramax to work with their Company as the only ACP producer – partner in India.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.06 | 18.09 | 18.34 |
| 31-Mar-20 | 2.44 | 13.53 | – |
| Mar-19 | 3.56 | 11.21 | – |
Euro Panel Products IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Euro Panel Products Limited | 10 | [●] | 2.06 | 18.09 | 3,190.61 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Euro Panel Products IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle (East), Mumbai – 400 057, Maharashtra, India. Tel No: +91 81049 85249 Fax No.: Not Available E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Yash Kadakia SEBI Registration Number: INM000010163 Investor Grievance E-mail: mb@fedsec.in |
Euro Panel Products IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai400083 Tel No.: 022-4918 6200 Fax No.: 022-4918 6195 E-mail: europanel.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 Investor Grievance E-Mail: europanel.ipo@linkintime.co.in |
Euro Panel Products IPO – Other Details
- Statutory Auditor – M/s Vipul M Shah and Associates
- Legal Counsel to the Company – NA
- Bankers to the Company – HDFC Bank Limited and Cosmos Co-operative Bank Limited
Euro Panel Products IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Euro Panel Products Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Euro Panel Products IPO Review FAQs
Ques – What is the Issue Size of Euro Panel Products IPO?
Answer – The Company is making an initial public offer of 65,00,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Euro Panel Products IPO?
Answer – The price band for this particular IPO ranges between Rs 70. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Euro Panel Products IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 14, 2021, while the closing date is set at Dec 16, 2021.
Ques – What is the Euro Panel Products IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 21, 2021, refund initiation is on Dec 22, 2021, credit of shares is on Dec 23, 2021, and share listing date is on Dec 24, 2021.
Ques – What is the Euro Panel Products IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 24, 2021. The date, when the listing would be done, is stagnant on Dec 24, 2021.
Ques – Who is the Registrar of Euro Panel Products IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Euro Panel Products IPO?
Answer – Here are the promoters of this IPO – RAJESH SHAH AND DIVYAM SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Euro Panel Products IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Euro Panel Products IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Euro Panel Products Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 370.19, 2020 is 396.52, 2019 is 393.59. PAT from June 2021 is 187.68.
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