IPO Issue Details
Issue Price / Price Band₹70 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size65,00,000 shares (aggregating up to ₹45.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 14 Dec 2021
Subscription CloseThu, 16 Dec 2021
Anchor AllotmentMon, 13 Dec 2021
Basis of AllotmentTue, 21 Dec 2021
Initiation of RefundsWed, 22 Dec 2021
Credit of Shares to DematThu, 23 Dec 2021
Listing DateFri, 24 Dec 2021
UPI Mandate Deadline2021-12-16
Application & Investment Details
Retail — Min (1 Lots)₹1,40,000 — 2,000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)₹2,80,000 — 4,000 shares
Net Offer to Public61,72,000 shares (aggregating up to ₹43.20 Cr)
Reserved for Market Maker3,28,000 shares (aggregating up to ₹2.30 Cr)
Pre-IPO Promoter Holding1,80,00,000 shares
Post-IPO Promoter Holding2,45,00,000 shares
About Euro Panel Products Ltd.
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 ImageEnthusiastic and experienced workforceWidespread sales and distribution networkInvestment in R&D and focus on innovations
Objects of the Issue
Euro Panel Products Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting incremental working capital requirements
22.34
2
2 Repayment of unsecured loan availed by the company
9.04
3
3 General corporate purposes
11.29
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,80,00,000 shares
Post-IPO Promoter Holding
2,45,00,000 shares