Epack Prefab Technologies IPO: A Comprehensive Overview
The Indian stock market has witnessed a flurry of initial public offerings (IPOs) in recent times, with IPO news dominating the headlines. One such IPO that has garnered significant attention is the Epack Prefab Technologies Ltd. IPO, which was subscribed 3.07 times on the last day. In this article, we will delve into the details of the Epack Prefab Technologies IPO, including its subscription status, GMP updates, and more.
Company Overview
Epack Prefab Technologies Ltd. is a leading provider of pre-engineered building solutions to various industries. The company’s product portfolio includes a range of prefabricated structures, such as warehouses, factories, and commercial buildings. With a strong presence in the Indian market, Epack Prefab Technologies aims to expand its operations and increase its market share through the IPO.
IPO Details
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. The subscription window was open till September 26, with the allotment expected to be finalized on September 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on October 1.
Subscription Status
The Epack Prefab Technologies IPO witnessed a strong response from investors, with the issue being subscribed 3.07 times on the last day. The subscription status is as follows:
- Institutional investors: 5.10 times
- Non-Institutional investors: 3.68 times
- Retail investors: 1.69 times
The strong subscription status is a testament to the company’s growth potential and the attractiveness of the IPO.
GMP Updates
According to InvestorGain, the Grey Market Premium (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. However, it is essential to note that GMP does not represent official data and is based on speculation.
Investment Opportunities
The Epack Prefab Technologies IPO offers an attractive investment opportunity for retail investors, with a minimum bid 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.
Conclusion
In conclusion, the Epack Prefab Technologies IPO has generated significant interest among investors, with a strong subscription status and attractive IPO investment opportunities. As the company aims to raise over Rs 500 crore from the primary market, it is essential to keep a close eye on the Indian stock market news and updates. With the allotment expected to be finalized on September 29, investors can look forward to the listing of shares on the BSE and NSE on October 1.