Epack Prefab Technologies IPO Subscribed Over Three Times On Last Day: Check Latest GMP And IPO Details
Epack Prefab Technologies Ltd. IPO was subscribed 3.07 times on the last day, indicating a strong demand for the company’s shares. The offer aims to raise over Rs 500 crore from the primary market, which will be used to fund capital expenditure, clear debt, and for general corporate purposes.
About Epack Prefab Technologies Ltd.
Epack Prefab Technologies Ltd. is a company that offers pre-engineered building solutions to several industries. The company’s products and services are designed to provide efficient and cost-effective solutions for building construction.
IPO Details
The Epack Prefab Technologies IPO is a book-built issue of Rs 504 crore. It 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, 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.
Subscription Details
The subscription window for the IPO was open till 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.
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.
GMP And Listing Price
According to InvestorGain, the GMP for the Epack Prefab Technologies IPO stood at Rs 2 as of 07:29 p.m. on Sept. 26. It indicates a listing price of Rs 206 apiece at a premium of 0.98% on the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation. Investors should do their own research and consult with financial advisors before making any investment decisions.
Key IPO Dates
- 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 14 shares
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Conclusion
The Epack Prefab Technologies IPO has received a strong response from investors, with the issue being subscribed over three times on the last day. The company’s products and services are designed to provide efficient and cost-effective solutions for building construction, and the IPO proceeds will be used to fund capital expenditure, clear debt, and for general corporate purposes. Investors who are interested in the Indian IPO market should do their own research and consult with financial advisors before making any investment decisions.