Fixed Price IPO | ₹46 Cr | Listed at NSE SME | Tue, Dec 14, 2021 - Thu, Dec 16, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Dec 14, 2021
IPO Close
Thu, Dec 16, 2021
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹171.50 Cr
| IPO Date | 14 to 16 Dec, 2021 |
| Listed on | Fri, Dec 24, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,00,000 shares (agg. up to ₹46 Cr) |
| Reserved for Market Maker | 3,28,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 61,72,000 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 61,72,000 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,80,00,000 shares |
| Share Holding Post Issue | 2,45,00,000 shares |
| NSE Symbol | EUROBOND |
| ISIN | INE505V01016 |
Euro Panel Products IPO comprises a total issue size of 65,00,000 shares. The net offer to the public is 56,72,000 shares, after excluding 3,28,000 shares allotted on a firm basis and 5,00,000 shares under a preferential allotment. Of the Net offer 28,36,000 (50.00%) allocated to NII 28,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,36,000 | 50.00% | 43.63% |
| Retail Shares Offered | 28,36,000 | 50.00% | 43.63% |
| Preferential Reservations | |||
| Employee Shares Offered | 5,00,000 | 7.69% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,28,000 | 5.05% | |
| Total Shares Offered | 65,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 22.34 |
| 2 | Repayment of unsecured loan availed by the company | 9.04 |
| 3 | General corporate purposes | 11.29 |
The Eurobond IPO is subscribed 1.8 times on December 16, 2021 5:00:00 PM (Day 3). The public issue subscribed 1.92 times in the retail category, [.] times in the QIB category, and 1.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.66 | 28,36,000 | 46,98,000 |
| Retail | 1.92 | 28,36,000 | 54,48,000 |
| Employee | 0.14 | 5,00,000 | 70,000 |
| Total | 1.8 | 56,72,000 | 1,02,16,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager fees including underwriting commission | 0.11 |
| 2 | Brokerage, selling, commission and upload fees | 1.20 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal and other advisory services | 0.05 |
| 5 | Advertising and marketing expenses | 0.80 |
| 6 | Regulators including stock exchange | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.03 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer reviewed auditors etc.) | 0.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹70.00 |
| Low | ₹70.00 |
| High | ₹73.50 |
| Last Trade | ₹71.40 |
Lead Manager Reports
Euro Panel Products IPO is a SME IPO of 65,00,000 equity shares of the face value of ₹10 aggregating up to ₹46 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Dec 14, 2021, and closes on Thu, Dec 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 Tue, Dec 14, 2021 and closes on Thu, Dec 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 Thu, Dec 23, 2021. Check the Euro Panel Products IPO allotment status.
The Euro Panel Products IPO listing date is on Fri, Dec 24, 2021.
