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:
| Particulars | For the year/period ended (₹ in Millions) | |||
|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,531.84 | 1,452.13 | 1,329.74 | 948.24 |
| Total Revenue | 319.06 | 1,433.03 | 1,429.93 | 1,086.70 |
| Profit After Tax | 18.76 | 37.01 | 39.65 | 39.35 |
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 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 | 6,500,000 Eq Shares of ₹10 (aggregating up to ₹45.50 Cr) |
| Fresh Issue | 6,500,000 Eq Shares of ₹10 (aggregating up to ₹45.50 Cr) |
| Employee Discount | 7 |
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 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 |
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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140,000 |
| Maximum | 1 | 2000 | ₹140,000 |
Eurobond IPO Promoter Holding
| Pre Issue Share Holding | 82.50% |
| Post Issue Share Holding | 60.61% |
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
Email: cs@eurobondacp.com
Website: https://www.eurobondacp.com/
Eurobond IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: europanel.ipo@linkintime.co.in
Website: https://linkintime.co.in/