Epack Prefab Technologies IPO: A Detailed Overview
The initial public offering (IPO) of Epack Prefab Technologies Ltd. has garnered significant attention from investors, with the issue being subscribed over three times on the last day. The company aims to raise over Rs 500 crore from the primary market through this book-built issue of Rs 504 crore.
About Epack Prefab Technologies Ltd.
Epack Prefab Technologies Ltd. is a leading provider of pre-engineered building solutions to various industries. The company’s products and services cater to the growing demand for efficient and cost-effective building solutions in India.
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. 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 Epack Prefab Technologies 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 plans to use the proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes. This is expected to enhance the company’s financial position and support its future growth plans.
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. 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.
Listing Details
The shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on Oct. 1. The allotment of shares is expected to be finalized on Sept. 29.
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.
Key Takeaways for Investors
Before investing in the Epack Prefab Technologies IPO, it is crucial to consider the following factors:
- The company’s financial performance and growth prospects
- The industry trends and competition
- The valuation of the company and the IPO price
- The GMP and its implications on the listing price
Investors can visit the IPO news section on our website to stay updated on the latest developments and trends in the IPO market. Additionally, they can explore the stock market tips section to gain insights on investing in the stock market.
Conclusion
The Epack Prefab Technologies IPO has generated significant interest among investors, with the issue being subscribed over three times on the last day. While the GMP indicates a positive listing, it is essential for investors to conduct thorough research and consider the company’s fundamentals, industry trends, and valuation before making an investment decision.