Epack Prefab Technologies IPO: Last Day Updates, GMP, and Subscription Status
The Epack Prefab Technologies Ltd. IPO has been subscribed 1.01 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, catering to the growing demand for efficient and sustainable construction methods.
About the Epack Prefab Technologies 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. This IPO provides an opportunity for investors to participate in the growth story of a company that is poised to benefit from the increasing adoption of pre-engineered building solutions in India.
Key Details of the Epack Prefab Technologies IPO
- IPO Size: Rs 504 crore
- Fresh Issue: Rs 300 crore
- Offer-for-Sale (OFS): Rs 204 crore
- Price Band: Rs 194 – Rs 204 per share
- Minimum Bid: Lot size of 73 shares, amounting to Rs 14,892
- Open Date: September 24
- Close Date: September 26
- Allotment Date: September 29
- Listing Date: October 1
Subscription Status
As of the last day, the Epack Prefab Technologies IPO has been subscribed 1.01 times. The subscription status is as follows:
- Qualified Institutional Buyers (QIBs): 0.46 times or 46%
- Non-Institutional Investors (NIIs): 1.38 times
- Retail Investors: 1.16 times
Grey Market Premium (GMP)
According to market sources, the Grey Market Premium (GMP) for the Epack Prefab Technologies IPO stood at Rs 11 as of September 26. This indicates a listing price of Rs 215 per share, at a premium of 5.39% to the upper limit of the price band.
Note: GMP does not represent official data and is based on market speculation.
How to Participate in the IPO
Retail investors can participate in the IPO by bidding for a single lot size of 73 shares, requiring 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.
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 will help Epack Prefab Technologies to strengthen its financial position, reduce debt, and invest in growth initiatives.
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.
Conclusion
The Epack Prefab Technologies IPO provides an opportunity for investors to participate in the growth story of a company that is well-positioned to benefit from the increasing demand for pre-engineered building solutions in India. With a strong subscription status and a reasonable price band, this IPO is worth considering for investors looking to diversify their portfolio.
However, as with any investment, it is essential to do your own research, consider your risk tolerance, and consult with a financial advisor before making an investment decision.
For more information on the Epack Prefab Technologies IPO, including the latest updates, news, and analysis, please visit our website.