Euro Panel Products Ltd

About the Company:

Euro Panel Products Ltd is ISO 9001:2015 certified and contribute towards improving the quality standards of the construction industry in India.

Company manufacture ACPs (Aluminium Composite Panels) at factory unit located at Umbergaon, Gujarat and Head Office is located at Mumbai, Maharashtra.

Company operates through distribution channels on PAN India basis, through depots, distributors and dealers.Company has more than 79 distributors and 67 dealers.

Currently, company’s depots are located at Chhattisgarh, Delhi, Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh through which products are supplied at proper time to customers, distributors and clients. Under “Eurobond”.



Company’s Exports:

In past, company has entered the foreign market and have been exporting products in USA, South Africa, Uganda, Nigeria, Tanzania, Srilanka and Nepal since year 2014.

Company has been recognised as One Star Export House by Ministry of Commerce and Industry.



Adding new products in the existing business.

Company’s principal strategy includes adding new products to existing product range. Company believes that it will help accelerate the growth along with balanced portfolio. It will also help to expand the customer base.



Management Team:

  1. Mr. Rajesh Shah (Designation: Chairman and Managing Director)
  2. Mr. Divyam Shah (Designation: Whole-Time Director)





Objectives of the Issue:

Fresh Issue: (Rs. 45.5 cr)

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



Fund Utilisation:

Particulars Amount (Rs. in Crores)
Meeting incremental working capital requirements 22.33
Repayment and/or pre-payment of unsecured loan 9.04
General corporate purposes 11.28




Peer Group Comparison:

Company is engaged in the business of manufacturing of Composite Aluminum Panels. We believe none of the listed companies in India are engaged in the portfolio of business similar to Euro panel Products Ltd.



Financials of the Company:

(in Crores) FY 19 FY 20 FY 21 30th June 2021
Revenue 108.67 142.9 142.30 31.90
Net Profit 3.93 3.96 3.70 1.87



IPO Details:

Details Info
Issue Opens on 14th December 2021
Issue Closes on:. 16th December 2021
Issue Price Rs.70
Face Value Rs.10
Minimum Lot 2000 shares
Minimum Investment Rs.1,20,000
Issue Constitutes 26.53%
Issue Size Rs.45.5 cr
Market Cap Rs.171.5 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 65,00,000
Equity Shares Prior to the issue 1,80,00,000
Equity Shares after the issue 2,45,00,000

Also Read : List of Upcoming IPO’s in India.


Important Dates:

Finalization of Basis of Allotment on or Before 21st December 2021
Initiation of Refunds on or Before 22nd December 2021
Credit of Equity Shares: on or Before 23rd December 2021
Listing Date: on or Before 24th December 2021



IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.06 33.98 18.09% 18.34


Check IPO Allotment Status:

Link InTime Website:

BSE IPO Website:


Company Contact Info:
702, 7th Floor, Aravalli Business Centre,
Ramdas Sutrale Road, Borivali (West),
Mumbai 400092, Maharashtra, India.
Tel: 022 29686500
Email Id:


IPO Registrar Info:
C 101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai-400083
Tel No.: 022-4918 6200
Fax No.: 022-4918 6195


Lead Manager to the Issue:
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle (East), Mumbai – 400 057,
Maharashtra, India.
Tel No: +91 81049 85249
Fax No.: Not Available