Euro Panel Products Ltd, the flagship company behind Eurobond, has made history by becoming the first Indian Aluminium Composite Panel (ACP) manufacturer to get listed on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) mainboards. This move marks a major transition from the NSE Emerge (SME platform) to the full-fledged mainboards, signalling Eurobond’s evolution into a more mature and widely recognised listed entity.

The Mumbai-headquartered firm originally launched its IPO in December 2021 on the NSE Emerge platform with an issue price of INR 70 per share, delivering over 178% returns to investors to date. The listing on the mainboard brings greater market visibility, enhanced investor trust, and easier access to capital.

According to Rajesh Shah, Managing Director of Euro Panel Products Limited, this strategic shift reflects the company’s commitment to transparency, governance, and value creation. He remarked, “We’re not here to sell shares, we’re here to share a vision — to build a globally respected Indian brand in facade solutions, rooted in innovation and trust.”

Over the years, Eurobond has carved out a dominant presence in the metal composite panel market. The brand is known for delivering long-lasting, high-quality ACPs supported by a PAN India distribution network. Its state-of-the-art factory in Umbergaon, with a production capacity of 25,000 sq.m. per day, caters to both domestic and international customers across 20+ countries, including the USA, Brazil, Dubai, Nepal, Qatar, and more.

The company's FY 2024–25 performance underscores its strong financial trajectory. Euro Panel Products Ltd reported a 26% rise in PAT to INR 18 crore, driven by business optimisation strategies and the integration of a next-gen continuous “3Coat 2Bake” coating line. Total revenue for the year touched INR 423 crore, reflecting a 7% year-on-year growth, and a 36% CAGR in profit over 5 years — the company’s highest-ever net profit.

Eurobond is also pursuing expansion and sustainability goals with renewed vigour. It is setting up a second coating line to increase operational efficiency and upgrading its production line to lift daily capacity from 25,000 to 27,000 sq.m. Additionally, it is developing a 2.2 MW solar power plant, which is expected to offset around 50% of the factory’s energy needs, aligning with its green energy goals.

Euro Panel Products Ltd has not only excelled in the Indian market but has also made strides globally. It is recognised as a One Star Export House since 2021 and collaborates with RHEINZINK, a premium international brand, to enhance its product offerings. These international partnerships and a global sales footprint across continents make it a key player in the facade materials industry.

Established in 2002, Eurobond was among the pioneers to introduce ACP in India and has built a brand known for authenticity, service, and innovation. In 2022, the company received accolades such as “Most Trusted ACP Brand” and “Quality Excellence Leader” by ET Ascent Star of the Industry Awards.

The listing on NSE and BSE mainboards not only affirms the company’s performance but opens a new chapter in its corporate journey. Eurobond is now set to leverage market depth, wider investor base, and greater brand recognition to scale new heights.

With the ACP and facade material industry in India growing at a CAGR of 7.3%, and the organised sector growing 20% faster, Eurobond stands uniquely positioned to tap into this booming market. Being the only listed ACP company in India, it enjoys a first-mover advantage, and its strong management, technological upgrades, and global expansion put it firmly on the path to becoming a world-class facade solutions brand.

In conclusion, Eurobond’s transition to the mainboard is more than a financial upgrade — it is a statement of intent. With aggressive investments in technology, ESG, and exports, the company is reshaping the industry narrative and reinforcing its leadership in a rapidly evolving sector.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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