Epack Prefab Technologies IPO Witnesses Overwhelming Response, Subscribed 3.07 Times on Final Day
Epack Prefab Technologies Ltd. IPO has garnered significant interest, with the issue being subscribed 3.07 times on the last day, aiming to raise over Rs 500 crore from the primary market. The company offers pre-engineered building solutions to several industries, catering to the growing demand for efficient and sustainable construction methods.
About the Epack Prefab Technologies IPO
The Epack Prefab Technologies IPO is a book-built issue of Rs 504 crore, comprising 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. This IPO presents an opportunity for investors to participate in the growth story of the company, which has established itself as a leading player in the pre-engineered building solutions sector.
IPO Details
- Open date: September 24
- Close date: September 26
- Price Band: Rs 194-204 per share
- Allotment date: September 29
- Listing date: October 1
- IPO size: Rs 504 crore
- Fresh issue: Rs 300 crore
- OFS: Rs 204 crore
Subscription Status
The Epack Prefab Technologies IPO was subscribed 3.07 times on the final day, with institutional investors showing significant interest, subscribing 5.10 times, followed by non-institutional investors at 3.68 times, and retail investors at 1.69 times. The strong response from institutional investors is a positive indicator of the company’s growth prospects and the potential for long-term value creation.
Investor Categories and Lot Sizes
Retail investors can participate in the IPO by bidding for a single lot size of 73 shares, leading to an investment of Rs 14,892. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,08,488. Big Non-Institutional Investors must bid for a minimum of 68 lots, requiring an investment of Rs 10,12,656. Understanding these lot sizes and investment requirements is crucial for investors to make informed decisions.
Grey Market Premium (GMP)
According to market observations, the Grey Market Premium (GMP) for the Epack Prefab Technologies IPO stood at Rs 2 as of the close of the subscription period. This indicates a listing price of Rs 206 apiece at a premium of 0.98% on the upper limit of the price band. However, it’s essential to note that GMP does not represent official data and is based on speculation, thus investors should exercise caution and consider all factors before making investment decisions.
For more information on IPO news and updates on the Indian stock market, including Nifty today and Sensex news, keep visiting our website. We provide comprehensive coverage of investing in Indian markets, including insights into Q1 results and other market-moving events.
Conclusion
The Epack Prefab Technologies IPO has seen a significant response from investors, indicating a strong appetite for the company’s growth story. As the Indian stock market continues to evolve, staying informed about stock market news and trends is crucial for making informed investment decisions. Whether you’re a seasoned investor or just starting out, understanding the nuances of the market and the opportunities it presents is key to navigating Indian markets effectively.