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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 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 Date Dec 14, 2021 to Dec 16, 2021
Listing Date Friday, December 24, 2021
Face Value ₹10 per share
Price ₹70 per share
Lot Size 2000 Shares
Issue Size6,500,000 shares of ₹10
(aggregating up to ₹45.50 Cr)
Fresh Issue6,500,000 shares of ₹10
(aggregating up to ₹45.50 Cr)
Employee Discount 7
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Rajesh Shah And Divyam Shah are the company promoters.

Eurobond IPO Tentative Timetable

Eurobond IPO opens on Dec 14, 2021, and closes on Dec 16, 2021. The Eurobond IPO bid date is from Dec 14, 2021 10.00 A.M. to Dec 16, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 14, 2021
Closing Date Dec 16, 2021
Basis of Allotment Dec 21, 2021
Initiation of Refunds Dec 22, 2021
Credit of Shares to Demat Dec 23, 2021
Listing Date Dec 24, 2021

Eurobond IPO Lot Size

The Eurobond IPO 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
Retail (Min) 1 2000 ₹140,000
Retail (Max) 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 share
Face Value ₹10 per share

Listing Day Trading Information

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

Eurobond IPO Recommendation Summary

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

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IPO Broker Recommendations

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 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 .

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.
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Eurobond IPO Message Board

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47 Comments

24. IPOANALYSIS |   Link |Dec 23, 2021 5:35:02 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 |Dec 23, 2021 1:11:07 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 |Dec 18, 2021 12:13:24 AM
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 |Dec 16, 2021 10:05:54 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 |Dec 17, 2021 1:00:44 AM
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 |Dec 17, 2021 3:11:32 AM
Employee subscription rate is One of the reasons why I didn’t apply for this IPO
20. Amit Jaipur |   Link |Dec 16, 2021 12:15:17 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
By The Way Is it good to apply or not
20.1. Billion dollar |   Link |Dec 16, 2021 1:19:40 PM
Same question why so less subscription?
19. Gaurav DD dimer |   Link |Dec 16, 2021 8:38:50 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Not Applying - Don''t have funds for this
18. lokes |   Link |Dec 15, 2021 6:34:08 PM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
I am not applying here. Markolines comes into my mind while looking at this ipo.
18.1. lokes |   Link |Dec 15, 2021 6:35:08 PM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
No funds left too :(
17. Golden Nugget |   Link |Dec 12, 2021 7:13:45 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 |Dec 10, 2021 11:52:46 PM
Top Contributor Top Contributor (300+ Posts)
Waiting for Dilip Sir Review on this SME IPO....
15. bAAz |   Link |Dec 8, 2021 11:15:28 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
@admin if it''s totally fresh issue than how can promoters holding decreases from 82 to 60?
15.2. ajnabeedost |   Link |Dec 9, 2021 6:48:48 PM
extremely useful information. Thank you it.
15.3. bAAz |   Link |Dec 10, 2021 1:58:07 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Thanks
14. Srikanth Kumar Guntuboina |   Link |Dec 8, 2021 8:45:47 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 |Dec 6, 2021 2:18:16 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 |Dec 5, 2021 12:47:57 PM
Any gmp
11. True IPO Lover |   Link |Dec 2, 2021 7:08:58 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 |Dec 3, 2021 3:34:41 PM
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 |Nov 30, 2021 11:56:30 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
page opened very early. I am reading IPO opening from
Dec 14, 2021 - Dec 16, 2021
10.1. KDKing🤴 |   Link |Nov 30, 2021 1:32:01 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
yeah, 2 weeks to go !!!!!!!!!!!!!!!!!!
10.2. MDinesh |   Link |Dec 3, 2021 12:16:41 PM
Yes, surprised to see SME IPO details posted almost 2 weeks ahead of the IPO opening date !!
9. vijaysanghvi |   Link |Dec 2, 2021 2:35:19 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 |Dec 11, 2021 3:54:04 PM
Thank you. I could see similar names in the RHP document.
9.7. vijaysanghvi |   Link |Jan 10, 2022 6:43:34 PM
Bola tha na...this is gem IPO....those who missed .... Missed the bus
8. Indianfriendszone |   Link |Dec 2, 2021 5:13:25 PM
Top Contributor Top Contributor (300+ Posts)
This Brand Name sound familiar ......

7. Vipul M Shah |   Link |Dec 2, 2021 2:04:58 PM
Top Contributor Top Contributor (200+ Posts)
I thank Subject 2 sauda will start in a few days in this SME Ipo.
7.1. Utsav Nayak |   Link |Dec 15, 2021 10:29:16 PM
Please tell if start.. I want also sell in sub 2 .ipo application.
6. Noorul |   Link |Nov 30, 2021 12:42:37 PM
Size is quite w big in term of Sme ipo..
Good thing complete fresh issue.
6.1. Monster Zero |   Link |Dec 1, 2021 11:25:41 PM
IPO Guru IPO Guru (2500+ Posts, 2200+ 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 |Nov 30, 2021 1:28:14 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Issue priced at the higher side, but good company, can be applied after good subscription on last day.
5.1. KDKing🤴 |   Link |Nov 30, 2021 1:31:07 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
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 |Dec 1, 2021 1:33:54 PM
IPO Guru IPO Guru (1700+ Posts, 2300+ 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