Epack Prefab Technologies IPO Witnesses Overwhelming Response, Subscribed Over Three Times On Last Day

Epack Prefab Technologies Ltd. IPO has been subscribed 3.07 times on the last day, aiming to raise over Rs 500 crore from the primary market. The company offers pre-engineered building solutions to several industries.

About Epack Prefab Technologies IPO

The Epack Prefab Technologies IPO is a book-built issue of Rs 504 crore. It 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.

Investor Categories and Lot Size

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.

IPO Details

The price band for the IPO is set between Rs 194 and Rs 204 per share. The subscription window will be 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.

Allocation of Shares

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.

Key Dates and Financials

Monarch Networth Capital Ltd. is the book running lead manager and KFin Technologies Ltd. is the registrar of the issue.

• 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

Subscription Status

The Epack Prefab IPO was subscribed 3.07 times on Friday.

• Institutional investors: 5.10 times
• Non-Institutional investors: 3.68 times
• Retail investors: 1.69 times

Use of Proceeds

The company will use 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.

For more information on IPO news and Indian stock market updates, keep visiting our website.

How to Invest in Epack Prefab Technologies IPO

To invest in the Epack Prefab Technologies IPO, you can follow these steps:

1. Open a demat account with a registered broker
2. Check the eligibility criteria for the IPO
3. Bid for the desired number of shares
4. Pay the application amount
5. Wait for the allotment of shares

For more information on how to invest in IPO, you can visit our website.