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Euro Panel Products Limited IPO (Eurobond IPO) Detail

December 14, 2021 - December 16, 2021

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.

Eurobond IPO Details

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 Size6,500,000 shares
(aggregating up to ₹45.50 Cr)
Fresh Issue6,500,000 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 portion328,000 shares

Eurobond IPO Reservation

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 Offered328,000 (5.47%)
Other Shares Offered2,836,000 (47.27%)
Retail Shares Offered2,836,000 (47.27%)
Employee Shares Offered500,000 (8.33%)
Total Shares Offered6,000,000 (100%)

Eurobond IPO Timeline (Tentative Schedule)

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

Eurobond IPO Lot Size

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

Eurobond IPO Promoter Holding

Rajesh Shah And Divyam Shah are the company promoters.

Share Holding Pre Issue 82.50%
Share Holding Post Issue 60.61%

About Euro Panel Products Limited

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 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 (Eurobond IPO Objectives)

  • Meeting incremental working capital requirements
  • Repayment of unsecured loan availed by the company
  • General corporate purposes

Eurobond IPO Review (Avoid)

[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...


Eurobond IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other1.66
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 Details

Listing Date December 24, 2021
BSE Script Code
NSE Symbol EUROBOND
ISIN INE505V01016
Final Issue Price ₹70 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹70.00
₹70.00
₹70.00
₹73.50
₹71.40

Check IPO Performance…

Euro Panel Products Limited Contact Details

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/initial_offer/public-issues.html

Eurobond IPO - Buy or Not

Eurobond IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 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

  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 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.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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47 Comments

24. IPOANALYSIS |   Link |  Bookmark |December 23, 2021 4:35:02 PM
Big client list includes metro,Raheja, tata , Adani and many others. The manufacture unit will expand further.Grab this share for long term holders and can give good rewards.
23. IPOANALYSIS |   Link |  Bookmark |December 23, 2021 12:11:07 PM
Excellent company with big clients
Hold this for few months and can give better returns. I will buy on listing as did not apply but would like to pick this for long term .
22. IPO Mitr |   Link |  Bookmark |December 17, 2021 11:13:24 PM
Also financial performance seems to be cooked just for IPO. During first quarter of this financial year profit margin doubled when almost every manufacturer facing issue with their margins due to supply chain problems everywhere due to COVID.
21. Rafiq |   Link |  Bookmark |December 16, 2021 9:05:54 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Surprise to see only 0.08% of Employee Quota has subscribed till 3rd Day ?? Agar Employee ko bharosa nahi company pe to ham kya kare.

Bye the way website is very strong and my brother who is a Carpenter said this is good company but looking at subscription figure and no money I am not applying
21.1. Unknwon |   Link |  Bookmark |December 17, 2021 12:00:44 AM (200+ Posts)
the employee subs is really surprising. though the company looks ok but the sub figure is really stopping me to apply.
21.2. MDinesh |   Link |  Bookmark |December 17, 2021 2:11:32 AM
Employee subscription rate is One of the reasons why I didn’t apply for this IPO
20. Amit Jaipur |   Link |  Bookmark |December 16, 2021 11:15:17 AM
IPO Guru IPO Guru (1400+ Posts, 1400+ Likes)
By The Way Is it good to apply or not
20.1. Billion dollar |   Link |  Bookmark |December 16, 2021 12:19:40 PM
Same question why so less subscription?
19. Gaurav DD dimer |   Link |  Bookmark |December 16, 2021 7:38:50 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Not Applying - Don''t have funds for this
18. lokes |   Link |  Bookmark |December 15, 2021 5:34:08 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
I am not applying here. Markolines comes into my mind while looking at this ipo.
18.1. lokes |   Link |  Bookmark |December 15, 2021 5:35:08 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ Likes)
No funds left too :(
17. Golden Nugget |   Link |  Bookmark |December 12, 2021 6:13:45 AM
Hi,

We are exploring Syndication for a proposed SME IPO of a privately held public limited company in the manufacturing business of fashion accessories (All materials including leather)
A professionally managed company with major international clients and substantial exports is looking to raise fund via IPO for a planned backward integration.
Proposed IPO size INR 50Cr which may include some Pre IPO if need be.
Consistent track record of profitability and clear visibility in terms of top line and bottom line.
Zero Debt company.
Email: opportunity@outlook.in
16. Indianfriendszone |   Link |  Bookmark |December 10, 2021 10:52:46 PM (400+ Posts)
Waiting for Dilip Sir Review on this SME IPO....
15. bAAz |   Link |  Bookmark |December 8, 2021 10:15:28 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@admin if it''s totally fresh issue than how can promoters holding decreases from 82 to 60?
15.2. ajnabeedost |   Link |  Bookmark |December 9, 2021 5:48:48 PM
extremely useful information. Thank you it.
15.3. bAAz |   Link |  Bookmark |December 10, 2021 12:58:07 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Thanks
14. Srikanth Kumar Guntuboina |   Link |  Bookmark |December 8, 2021 7:45:47 AM
I think euro panel (good but check you have 140000/- to apply this SME), C E Info (map my India), data patterns, medplus are good to apply and I may apply these all. I will skip rest all. Other companies are with More price band, or in losses, and etc.
13. B.K. Singhania |   Link |  Bookmark |December 6, 2021 1:18:16 PM
i have worked in this type of company these are on high demand but due to Covid
construction line hit hard so i think this co. must have also effected but does not reflect on financials i think due to pre orders book
12. Ipo by ns |   Link |  Bookmark |December 5, 2021 11:47:57 AM
Any gmp
11. True IPO Lover |   Link |  Bookmark |December 2, 2021 6:08:58 PM
Never tried SMEs.
Is there any chance that we can sell SME IPOs(with good subscription) at profit?
Or is there any condition like ''only a certain portion can be sold on first day''?
Since many having lot of quantity to sell(2000 is alot), how they all get buyers to buy these?
Comments from who all tried SMEs at least once will be appreciable.
11.1. IpoRetailer |   Link |  Bookmark |December 3, 2021 2:34:41 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Apply in SME only if you are willing to play with fire (get stuck forever / make huge gains). Yes they trade in big lots, and mostly operators game.
I got stuck with Markolines - even when it was declared as a ''good'' company, profitable, unique business, bla..bla..bla... So in short, predictions don''t always work in SME stocks.
Good Luck!
10. eVA |   Link |  Bookmark |November 30, 2021 10:56:30 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
page opened very early. I am reading IPO opening from
Dec 14, 2021 - Dec 16, 2021
10.1. KDKing🤴 |   Link |  Bookmark |November 30, 2021 12:32:01 PM
yeah, 2 weeks to go !!!!!!!!!!!!!!!!!!
10.2. MDinesh |   Link |  Bookmark |December 3, 2021 11:16:41 AM
Yes, surprised to see SME IPO details posted almost 2 weeks ahead of the IPO opening date !!
9. vijaysanghvi |   Link |  Bookmark |December 2, 2021 1:35:19 PM
I personally know the promoters. Company has done great in past and really looks to do well in future as well. Must apply from my view.
9.6. Sreenu |   Link |  Bookmark |December 11, 2021 2:54:04 PM
Thank you. I could see similar names in the RHP document.
9.7. vijaysanghvi |   Link |  Bookmark |January 10, 2022 5:43:34 PM
Bola tha na...this is gem IPO....those who missed .... Missed the bus
8. Indianfriendszone |   Link |  Bookmark |December 2, 2021 4:13:25 PM (400+ Posts)
This Brand Name sound familiar ......

7. Vipul M Shah |   Link |  Bookmark |December 2, 2021 1:04:58 PM (400+ Posts)
I thank Subject 2 sauda will start in a few days in this SME Ipo.
7.1. Utsav Nayak |   Link |  Bookmark |December 15, 2021 9:29:16 PM
Please tell if start.. I want also sell in sub 2 .ipo application.
6. Noorul |   Link |  Bookmark |November 30, 2021 11:42:37 AM
Size is quite w big in term of Sme ipo..
Good thing complete fresh issue.
6.1. Monster Zero |   Link |  Bookmark |December 1, 2021 10:25:41 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Agree to that .and pretty suprising that a promoters have strong faith in company and want money to reduce debt.
Financials are stable... waiting for Mr Dilip Davda''s view on this.
5. KDKing🤴 |   Link |  Bookmark |November 30, 2021 12:28:14 PM
Issue priced at the higher side, but good company, can be applied after good subscription on last day.
5.1. KDKing🤴 |   Link |  Bookmark |November 30, 2021 12:31:07 PM
Also as per the last IPO handled by this same LM, is a disaster.
This also needs to keep in mind.
5.2. MRavichandran |   Link |  Bookmark |December 1, 2021 12:33:54 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@KDKing,
Absolutely right. LM is the only negative and enough reason for a ''avoid'', lets see on last day and take a call.

p.s: Aashka Hospital - an absolute disaster IPO, the LM not reduced the IPO price, but only extended twice I think.

Thanks