Epack Prefab Technologies IPO Subscribed Over Three Times On Last Day
Epack Prefab Technologies Ltd. IPO was subscribed 3.07 times on the last day, with the offer aiming to raise over Rs 500 crore from the primary market. The company offers pre-engineered building solutions to several industries, and the IPO has generated significant interest among investors.
About the 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. The price band for the IPO is set between Rs 194 and Rs 204 per share.
Investor Categories and Allocation
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.
Qualified Institutional Buyers will be offered a maximum of 50% of the net issue. Retail investors will be allocated at least 35% of the net issue, and a minimum of 15% will be reserved for Non-Institutional Investors.
IPO Schedule
The subscription window for the IPO was open from Sept. 24 to Sept. 26, with the allotment expected to be finalized on Sept. 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on Oct. 1.
Book Running Lead Manager and Registrar
Monarch Networth Capital Ltd. is the book running lead manager, and KFin Technologies Ltd. is the registrar of the issue.
Subscription Details
The Epack Prefab IPO was subscribed 3.07 times on Friday, with Institutional investors subscribing 5.10 times, Non-Institutional investors subscribing 3.68 times, and Retail investors subscribing 1.69 times.
Use of Proceeds
The company will use the proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes.
Grey Market Premium (GMP)
According to InvestorGain, the GMP for the Epack Prefab Technologies IPO stood at Rs 2 as of 07:29 p.m. on Sept. 26, indicating a listing price of Rs 206 apiece at a premium of 0.98% on the upper limit of the price band. Note that GMP does not represent official data and is based on speculation.
For more information on IPO news and Indian stock market updates, visit our website. We provide detailed analysis and insights on the latest market trends, helping you make informed investment decisions.
Key IPO Details
- Open date: Sept. 24
- Close date: Sept. 26
- Price Band: Rs 194-204 per share
- Allotment date: Sept. 29
- Listing date: Oct. 1
- IPO size: Rs 504 crore
- Fresh issue: Rs 300 crore
- OFS: Rs 204 crore
- Minimum bid: Lot size of 73 shares