Euro Panel Products Limited IPO (Eurobond 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 Shah are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets1,531.841,452.131,329.74948.24
Total Revenue319.061,433.031,429.931,086.70
Profit After Tax18.7637.0139.6539.35

Objects of the Issue:

  • Meeting incremental working capital requirements
  • Repayment of unsecured loan availed by the company
  • General corporate purposes

Eurobond IPO Details

IPO Opening DateDec 14, 2021
IPO Closing DateDec 16, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹70 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size6,500,000 Eq Shares of ₹10
(aggregating up to ₹45.50 Cr)
Fresh Issue6,500,000 Eq Shares of ₹10
(aggregating up to ₹45.50 Cr)
Employee Discount7

Eurobond IPO Tentative Timetable

The Eurobond 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 DateDec 14, 2021
IPO Close DateDec 16, 2021
Basis of Allotment DateDec 21, 2021
Initiation of RefundsDec 22, 2021
Credit of Shares to Demat AccountDec 23, 2021
IPO Listing DateDec 24, 2021

Eurobond IPO Lot Size

The Eurobond IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

ApplicationLotsSharesAmount (Cut-off)

Eurobond IPO Promoter Holding

Pre Issue Share Holding82.50%
Post Issue Share Holding60.61%

Company Contact Information

Euro Panel Products Limited
702, 7th Floor, Aravalli Business Centre,
Ramdas Sutrale Road,
Borivali (West) Mumbai 400092, Maharashtra, India.
Phone: 022 29686500

Eurobond IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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