EPACK Durable IPO listing date: EPACK Durable share price today made a weak debut on the stock markets today. On NSE, EPACK Durable share price was listed at ₹221 per share, 3.9% lower than the issue price of ₹230. On BSE, EPACK Durable share price was listed at ₹225 per, decreased by 2.17% from the issue price.
Analysts predicted that EPACK Durable share price would be between ₹225 to ₹235 per share share range. EPACK Durable IPO managed to sail through all three days slowly yet steadily, receiving favorable responses from both retail and non-institutional investors. On day 3, EPACK Durable IPO subscription status was 16.37 times, according to data available on BSE.
EPACK Durable IPO raised ₹192.01 crore from anchor investors on Thursday, January 18, by allotting 83.48 lakh equity shares at ₹230.
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EPACK Durable IPO opened for subscription on Friday, January 19, and closed on Wednesday, January 24. EPACK Durable Limited IPO price band has been set in the range of ₹218 to ₹230 per equity share of the face value of ₹10.
EPACK Durable IPO lot size was 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 listing date today. GMP, experts signal a flat debut for stocks
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.
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.
Also read: EPACK Durable IPO sails smoothly on last day of offering; number ordered 16.37 times
EPACK Durable IPO GMP today
EPACK Durable IPO GMP or gray market premium is +5, similar to the previous session but marginally more than the Sunday session where it was +3. This indicates that the share price of EPACK Durable was trading at a premium of ₹5 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 ₹235 a piece, which is 2.17% higher than the IPO price of ₹230.
Based on the last 22-session gray market activities, today’s IPO GMP is showing signals to the downside. The lowest GMP is ₹0, while the highest GMP is ₹31, according to analysts from investorgain.com.
“Grey market premium” indicates the willingness of investors to pay more than the issue price.
Also read: EPACK IPO: Here’s what GMP suggests ahead of EPACK Durable IPO listing date
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: 30 Jan 2024, 10:00 IST