Epack Prefab Technologies IPO: A Comprehensive Overview
The Epack Prefab Technologies IPO has been making headlines in the Indian stock market, with the issue being subscribed over three times on the last day. In this article, we will provide a detailed overview of the IPO, including its subscription status, GMP, and listing details.
Subscription Status
The Epack Prefab Technologies IPO was subscribed 3.07 times on the last day, with the issue receiving a strong response from investors. The subscription window was open from September 24 to September 26, and the allotment is expected to be finalized on September 29.
The issue was subscribed by various categories of investors, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The QIBs subscribed to the issue 5.10 times, while the NIIs subscribed 3.68 times. The Retail Investors subscribed to the issue 1.69 times.
IPO Details
The Epack Prefab Technologies IPO is a book-built issue of Rs 504 crore, which comprises a fresh issue of 1.47 crore shares worth Rs 300 crore and an offer-for-sale of one crore shares amounting to Rs 204 crore. The price band for the IPO is set between Rs 194 and Rs 204 per share.
Retail investors can participate in the IPO by bidding for a single lot size of 73 shares, which would require an investment of Rs 14,892. Small Non-Institutional Investors need to bid for 14 lots, which would amount to an investment of Rs 2,08,488. Big Non-Institutional Investors must bid for a minimum of 68 lots, which would require an investment of Rs 10,12,656.
GMP and Listing Details
According to InvestorGain, the GMP for the Epack Prefab Technologies IPO stood at Rs 2 as of 07:29 p.m. on September 26. This indicates a listing price of Rs 206 apiece at a premium of 0.98% on the upper limit of the price band.
The shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on October 1. The company will use the proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes.
How to Participate in the IPO
To participate in the Epack Prefab Technologies IPO, investors can follow these steps:
- Open a demat account with a registered broker
- Check the IPO details, including the price band and lot size
- Place a bid for the desired number of shares
- Pay the required amount for the shares
- Wait for the allotment and listing of the shares
For more information on how to participate in an IPO, investors can visit our website and read our article on How to Invest in IPO.
Conclusion
The Epack Prefab Technologies IPO has been a highly anticipated issue in the Indian stock market, with the company offering pre-engineered building solutions to several industries. With the issue being subscribed over three times on the last day, it is expected to be a successful listing. Investors who are interested in participating in the IPO can follow the steps mentioned above and stay updated with the latest news and developments on our website.
For more information on the Indian stock market and IPOs, investors can visit our website and read our articles on Indian Stock Market News and IPO News.