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The EPACK Durable IPO lot size is 65 equity shares and in multiples of 65 equity shares thereafter. EPACK Durable IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Also Read: EPACK Durable IPO opens today: GMP, subscription status, review, other details. To buy or not?
The promoters of the company are Ajay DD Singhania, Sanjay Singhania, Laxmi Pat Bothra, and Bajrang Bothra.
According to the F&S Report, the company is the second largest original design room air conditioner manufacturer (ODM) in India by the number of units (indoor + outdoor) manufactured in fiscal 2023 through the ODM route, as stated in the red of the company. herring prospect (RHP).
The company’s listed peers are Amber Enterprises India Ltd (with a P/E of 66.28), PG Electroplast Limited (with a P/E of 67.27), Dixon Technologies (India) Ltd (with a P/E of 139.96), and Elin. Electronics Ltd (with a P/E of 24.28), according to RHP.
On the 1st day, the retail investors portion of EPACK Durable IPO was subscribed 1.17 times, the Non Institutional Investors (NII) portion was subscribed 82%, and the Qualified Institutional Buyers (QIB) portion was reserved 1%.
Also read: EPACK Durable IPO: Company mobilizes ₹192 crore from marquee investors in anchor round before issue
EPACK Ongoing IPO subscription status
EPACK Durable IPO received bids for 1,53,89,140 shares against 1,99,77,615 shares offered, according to data from the BSE.
The retail investors portion of EPACK Durable Limited IPO received bids for 1,18,13,815 shares as against 1,00,74,985 shares offered for this segment.
The non-institutional investors portion of EPACK Durable IPO received bids for 35,43,345 shares as against 43,17,851 offered for this segment.
The QIBs portion of EPACK Durable Limited IPO received bids for 31,980 shares against 55,84,779 shares offered for this segment.
Also read: EPACK Durable IPO opens today: From price band to key dates – here are the top 10 things to know
EPACK Continued IPO details
EPACK Durable IPO, what is it worth ₹640.05 crores, consists of a fresh number of ₹400 crore, and an offer for sale (OFS) of 1.04 crore equity shares from the promoters and other investors.
In the OFS, 51.75 lakh shares valued at ₹119 crores, belonging to the promoter group, will be sold by promoters Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania, as well as Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra.
The company plans to use the net proceeds of the new issue to finance the following purposes: financing of capital expenditures for the establishment or expansion of production facilities; repayment and/or prepayment of any outstanding company loans, whether in whole or in part; and overall corporate goals.
“Furthermore, our company expects to receive the benefits of listing equity shares on the stock exchanges including strengthening our visibility and our brand image among our existing and potential customers and creating a public market for our equity shares in India,” the company said. in its RHP.
The book-keeping lead managers of EPACK Durable IPO are Axis Capital Limited, DAM Capital Advisors Limited, and ICICI Securities Limited, while the registrar is KFin Technologies Limited.
EPACK Durable IPO GMP today
EPACK Durable IPO GMP or gray market premium is +34. This indicates that the share price of EPACK Durable was trading at a premium of ₹34 in the gray market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the gray market, the estimated listing price of EPACK Durable’s share price was indicated at ₹264 a piece, which is 14.78% higher than the IPO price of ₹230.
Based on the last 11-session gray market activities, today’s IPO GMP is pointing up and expecting a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹34, according to analysts from investorgain.com.
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
Also Read: EPACK Durable IPO: Price band set at ₹218-230 per share; check GMP, release details, more
Disclaimer: The above views and recommendations are those of individual analysts, experts and trading companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Published: 19 Jan 2024, 14:06 IST