Epack Prefab Technologies IPO Subscribed Over Three Times On Last Day: Check Latest GMP, Price Band, and Listing Date

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Epack Prefab Technologies IPO Subscribed Over Three Times On Last Day: Check Latest GMP, Price Band, and Listing Date

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.

Price Band and Subscription Window

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 finalized on Sept. 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on Oct. 1.

Investor Allocation

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.

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.

IPO Subscription Status

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 IPO 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. 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.

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 73 shares

Investors can check the BSE website or the NSE website for more information on the IPO.

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