New Delhi, Sept. 16 -- The initial public offering (IPO) of Euro Pratik Sales received a lackluster response on its first day of bidding, September 16, with investors placing bids for 57.23 lakh shares against the total offer of 1.28 crore shares, resulting in an overall subscription of 0.46 times by the end of Day 1, according to exchange data.

The retail investors' portion was subscribed 0.34 times, while the non-institutional investors' portion was fully booked. The QIB (Qualified Institutional Buyers) segment was subscribed 0.26 times.

Euro Pratik Sales aims to raise Rs.451.31 crore through the IPO, which is entirely a fresh issue of 1.83 crore shares. The IPO lot size is fixed at 60 shares, requiring a minimum investment of Rs.14,8...