Pakistan Bounces Back Strong in Lahore Pakistan vs South Africa T20: Faheem Ashraf, Salman Mirza, and Saim Ayub Lead Pakistan to Dominant Win After losing the series opener, the Pakistan National Cricket Team responded in style during the PAK vs SA T20 match in Lahore. With a brilliant all-round performance from Faheem Ashraf , Salman Mirza , and Saim Ayub , Pakistan defeated the South Africa National Cricket Team by nine wickets to level the series 1-1. South Africa were bundled out for just 110 runs in 19.2 overs, and Pakistan chased down the target effortlessly in just 13.1 overs. Mirza’s Magic in the PowerPlay Young fast bowler Salman Mirza delivered a dream spell for Pakistan. He struck early, dismissing Reeza Hendricks with a perfect delivery on just the second ball of the innings. Soon after, he removed Tony de Zorzi and Matthew Breetzke , finishing with incredible figures of 3 for 14 . Meanwhile, Naseem Shah also contributed by sendin...
Euro Pratik Sales IPO, jiska size ₹451.31 crore hai, 16 September 2025 ko open hua aur 18 September ko band ho raha hai. Uss time tak IPO ne Day 2 me ~0.75x subscription achieve ki hai. Ye company decorative wall panels aur laminates me kaam karti hai, diversified product portfolio hai, aur organized segment me achhi presence hai.
IPO Key Facts
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IPO Type: Offer for Sale (OFS) — company ko fresh fund nahi milenge. Moneycontrol+2ICICI Direct+2
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Issue Size: ~₹451.31 crore. Business Standard+1
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Price Band: ₹235–247 per share. Business Standard+1
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Lot Size: Minimum 60 shares. ICICI Direct+1
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Anchor Investors: Raised ~₹135 crore before IPO from anchor investors. Business Standard+2The Economic Times+2
Subscription & GMP (Grey Market Premium)
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Day 1 subscription: ~43% overall; retail portion ~33%. mint
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Day 2 subscription: ~70% overall; NII ~123%, retail ~71%, QIB ~26%. Moneycontrol+1
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GMP as of mid-Day 2/Day 3 is modest, ~₹5 premium over the issue price, implying listing price may be ~₹252 if upper band ₹247. Moneycontrol+1
Business & Financial Strengths
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Company has strong presence in organized wall panels segment; market share of ~10% in FY24. SBI Securities+1
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Product innovation: over 30+ categories, 3,000+ designs; recognized for designs like Louvres, Chisel, Auris. SBI Securities+1
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Asset-light business model: manufacturing outsourced (contract manufacturing partners) which reduces fixed investment burden. SBI Securities+1
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Distribution network: ~180 distributors across 25 states + 5 UTs. mint+1
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Financials: Revenue growth in FY25; profits good; margins strong (EBITDA margin ~35-36%, PAT margin also healthy) SBI Securities+1
Risks & Concerns
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Entire issue is OFS, so company itself won’t get additional funds for growth or expansion. ICICI Direct+1
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Dependence on overseas suppliers / imported materials → foreign exchange risk. SBI Securities+1
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Competitive industry: both organized & unorganized players; price sensitivity is high. SBI Securities+1
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Valuation seems somewhat premium: P/E multiple ~32-33× for FY25 earnings at upper band. Investors need to believe growth, design differentiation etc. will justify that. SBI Securities+1
Should You Apply?
Agar aap long-term perspective rakhte ho aur IPOs me thoda risk lena chahte ho, to ye IPO “subscribe” ki category me aa sakta hai because:
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Strong brand image, design innovation, good margins, pan-India reach.
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BUT agar aap short-term gain chahte hain ya valuation pe sensitive ho, to thoda caution zaroori hai.
Market Research Insights
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India ka decorative interiors aur wall panel segment badh raha hai, especially urban housing, renovation, premium interiors market me. Log design aur aesthetics par zyada kharch kar rahe hain.
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Organized sector ka share badh raha hai kyunki unorganised players quality, design consistency, after-sales support me kamzor hain.
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International suppliers se dependency hone ki wajah se currency fluctuations big risk hogi, especially raw material import.
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Supply chain challenges jaise lead times, import duties, shipping costs etc. ko manage karna padega.
Conclusion
Euro Pratik Sales IPO ek strong candidate hai un investors ke liye jo growth, design differentiation, aur long term return dekhte hain. Valuation thoda upar hai, lekin company ke fundamentals, business model aur market positioning kaafi impressive hain. Agar aap comfortable ho risk ke saath, to IPO apply kar sakte ho — lekin full risk assessment ke sath.
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