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Eurobond IPO is a fixed price issue of Rs 45.50 crores. The issue is entirely a fresh issue of 65 lakh shares.
Eurobond IPO bidding started from December 14, 2021 and ended on December 16, 2021. The allotment for Eurobond IPO was finalized on Tuesday, December 21, 2021. The shares got listed on NSE SME on December 24, 2021.
Eurobond IPO price is ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
The issue includes a reservation of up to 500,000 shares for employees offered at a discount of Rs 7 to the issue price.
Fedex Securities Pvt Ltd is the book running lead manager of the Eurobond IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Eurobond IPO RHP for detailed information.
| IPO Date | December 14, 2021 to December 16, 2021 |
| Listing Date | December 24, 2021 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,500,000 shares (aggregating up to ₹45.50 Cr) |
| Fresh Issue | 6,500,000 shares (aggregating up to ₹45.50 Cr) |
| Employee Discount | Rs 7 per share |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 328,000 shares |
Eurobond IPO offers 6,000,000 shares. 2,836,000 (47.27%) to NII, 2,836,000 (47.27%) to RII, 500,000 (8.33%) to employees.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 328,000 (5.47%) |
| Other Shares Offered | 2,836,000 (47.27%) |
| Retail Shares Offered | 2,836,000 (47.27%) |
| Employee Shares Offered | 500,000 (8.33%) |
| Total Shares Offered | 6,000,000 (100%) |
Eurobond IPO opens on December 14, 2021, and closes on December 16, 2021.
| IPO Open Date | Tuesday, December 14, 2021 |
| IPO Close Date | Thursday, December 16, 2021 |
| Basis of Allotment | Tuesday, December 21, 2021 |
| Initiation of Refunds | Wednesday, December 22, 2021 |
| Credit of Shares to Demat | Thursday, December 23, 2021 |
| Listing Date | Friday, December 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 16, 2021 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| Lot Size Calculator | |||
Rajesh Shah And Divyam Shah are the company promoters.
| Share Holding Pre Issue | 82.50% |
| Share Holding Post Issue | 60.61% |
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...
The Eurobond IPO is subscribed 1.80 times on December 16, 2021 5:00:00 PM. 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) |
|---|---|
| Other | 1.66 |
| Retail | 1.92 |
| Employee | 0.14 |
| Total | 1.80 |
| Listing Date | December 24, 2021 |
| BSE Script Code | |
| NSE Symbol | EUROBOND |
| ISIN | INE505V01016 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹70.00 |
| ₹70.00 |
| ₹73.50 |
| ₹71.40 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: europanel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Eurobond IPO is a SME IPO of 6,500,000 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 Shares.
The IPO opens on December 14, 2021, and closes on December 16, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Eurobond IPO using UPI as a payment gateway. Zerodha customers can apply in Eurobond IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eurobond IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eurobond IPO opens on December 14, 2021 and closes on December 16, 2021.
Eurobond IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Eurobond IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Eurobond 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 Eurobond IPO allotment status.
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