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Euro Panel Products Limited IPO (Eurobond IPO) Detail

Dec 14, 2021 - Dec 16, 2021

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:

Summary of financial Information (Restated Standalone)
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 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 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%

Eurobond IPO Review

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...

Eurobond IPO Subscription Status (Bidding Detail)

The Eurobond IPO is subscribed 1.80 times on Dec 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)

CategorySubscription (times)
NII1.66
Retail1.92
Employee0.14
Total1.80

Eurobond IPO Prospectus

Eurobond IPO Rating

142
3.5
Rating:Rated 3.5 stars
Vote Here ...

Eurobond IPO Listing Date

Listing Date Friday, December 24, 2021
BSE Script Code
NSE Symbol EUROBOND
Listing In ST Group of Securities
ISIN INE505V01016
IPO Price ₹70 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹70.00
Open: ₹70.00
Low: ₹70.00
High: ₹73.50
Last Trade: ₹71.40

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/

Eurobond IPO Reviews / Ratings

Eurobond IPO FAQs

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 equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Dec 14, 2021, and closes on Dec 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Eurobond IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Eurobond IPO opens on Dec 14, 2021 and closes on Dec 16, 2021.

Eurobond IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Eurobond IPO will be done on Dec 21, 2021, and the allotted shares will be credited to your demat account by Dec 23, 2021. Check the Eurobond IPO allotment status.

The Eurobond IPO listing date is on Friday, December 24, 2021.

Eurobond IPO Message Board

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