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, 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 is a book-built issue of Rs 504 crore.
IPO Details
The Epack Prefab Technologies IPO 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. 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. The subscription window was open till Sept. 26, with the allotment expected to be finalised on Sept. 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on Oct. 1. For more information on IPO listing and IPO allotment, visit our website.
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. Qualified Institutional Buyers will be offered a maximum of 50% of the net issue, while 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. For more information on GMP today and IPO listing price, visit our website.
Use of Proceeds
The company will use proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes. Monarch Networth Capital Ltd. is the book running lead manager, and KFin Technologies Ltd. is the registrar of the issue.
For more information on IPO news and Indian stock market, visit our website.