Epack Prefab Technologies IPO: A Comprehensive Overview
The Epack Prefab Technologies IPO has garnered significant attention from investors, with the issue being subscribed 3.07 times on the last day. The company aims to raise over Rs 500 crore from the primary market, offering pre-engineered building solutions to several industries.
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. 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. The price band for the IPO is set between Rs 194 and Rs 204 per share.
Subscription Details
The subscription window for the IPO 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.
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. Monarch Networth Capital Ltd. is the book running lead manager, and KFin Technologies Ltd. is the registrar of the issue.
Key IPO Dates
- 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
- Minimum bid: Lot size of 73 shares
Subscription Status
The Epack Prefab IPO was subscribed 3.07 times on the last day, with Institutional investors subscribing 5.10 times, Non-Institutional investors subscribing 3.68 times, and Retail investors subscribing 1.69 times.
Use of IPO Proceeds
The company will use the proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes. According to InvestorGain, the GMP for the Epack Prefab Technologies IPO stood at Rs 2 as of 07:29 p.m. on September 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 stock market updates, visit our website.
Investor Insights
Investors looking to participate in the IPO should carefully evaluate the company’s financials, management team, and industry trends before making an informed decision. It is also essential to consider the risk management strategies and investment goals before investing in the IPO.
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