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Euro Panel Products IPO is a fixed price issue of ₹45.50 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹45.50 crore.
Euro Panel Products IPO bidding started from Dec 14, 2021 and ended on Dec 16, 2021. The allotment for Euro Panel Products IPO was finalized on Dec 21, 2021. The shares got listed on NSE SME on Dec 24, 2021.
Euro Panel Products IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Fedex Securities Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Euro Panel Products IPO RHP for detailed Information.
| IPO Date | December 14, 2021 to December 16, 2021 |
| Listing Date | December 24, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 65,00,000 shares (aggregating up to ₹45.50 Cr) |
| Reserved for Market Maker | 3,28,000 shares Rikhav Securities Ltd. (aggregating up to ₹2.30 Cr) |
| Net Offered to Public | 61,72,000 shares (aggregating up to ₹43.20 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,45,00,000 shares |
Eurobond IPO offers total 65,00,000 shares. Out of which 28,36,000 (43.63%) allocated to NII, 28,36,000 (43.63%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,28,000 (5.05%) |
| NII (HNI) Shares Offered | 28,36,000 (43.63%) |
| Retail Shares Offered | 28,36,000 (43.63%) |
| Employee Shares Offered | 5,00,000 (7.69%) |
| Total Shares Offered | 65,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Euro Panel Products IPO opens on December 14, 2021, and closes on December 16, 2021.
| IPO Open Date | Tue, Dec 14, 2021 |
| IPO Close Date | Thu, Dec 16, 2021 |
| Tentative Allotment | Tue, Dec 21, 2021 |
| Initiation of Refunds | Wed, Dec 22, 2021 |
| Credit of Shares to Demat | Thu, Dec 23, 2021 |
| Tentative Listing Date | Fri, Dec 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 16, 2021 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| 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 | |
[Dilip Davda] While the company changed its business of trading to venture into aluminium panels recently, its financial data has an erratic pattern. Super earnings in the first quarter of FY22 (IPO year) raise concern. Based on its financial data, the issue is aggressively priced. There is no harm in giving this issue a MISS. Read detail review...
| Listing Date | December 24, 2021 |
| BSE Script Code | |
| NSE Symbol | EUROBOND |
| ISIN | INE505V01016 |
| Final Issue Price | ₹70 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹70.00 |
| Low | ₹70.00 |
| High | ₹73.50 |
| Last Trade | ₹71.40 |
Euro Panel Products Ltd.
702, 7th Floor, Aravalli Business Centre,
Ramdas Sutrale Road,
Borivali (West)
Mumbai, Maharashtra, 400092
Phone: 022 29686500
Email: cs@eurobondacp.com
Website: https://www.eurobondacp.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: europanel.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Euro Panel Products IPO is a SME IPO of 65,00,000 equity shares of the face value of ₹10 aggregating up to ₹45.50 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on December 14, 2021, and closes on December 16, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Euro Panel Products IPO using UPI as a payment gateway. Zerodha customers can apply in Euro Panel Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euro Panel Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euro Panel Products IPO opens on December 14, 2021 and closes on December 16, 2021.
Euro Panel Products IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Euro Panel Products IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Euro Panel Products IPO will be done on Tuesday, December 21, 2021, and the allotted shares will be credited to your demat account by Thursday, December 23, 2021. Check the Euro Panel Products IPO allotment status.
The Euro Panel Products IPO listing date is on Friday, December 24, 2021.
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