Epack Prefab Technologies IPO: A Comprehensive Overview
The initial public offering (IPO) of Epack Prefab Technologies Ltd. has garnered significant attention from investors, with the issue being subscribed 3.07 times on the last day. The company, which offers pre-engineered building solutions to several industries, aims to raise over Rs 500 crore from the primary market.
IPO Details
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. The price band for the IPO is set between Rs 194 and Rs 204 per share.
Subscription Details
The subscription window for the IPO was open till September 26, with the allotment expected to be finalized on September 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on October 1.
Investor Categories
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. A minimum of 15% will be reserved for Non-Institutional Investors.
Lot Size and Investment
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.
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 September 26. This indicates a listing price of Rs 206 apiece at a premium of 0.98% on the upper limit of the price band.
Use of Proceeds
The company will use the proceeds from the IPO to fund capital expenditure, clear debt, and for general corporate purposes.
Conclusion
The Epack Prefab Technologies IPO has received an overwhelming response from investors, with the issue being subscribed 3.07 times on the last day. With a strong track record and a growing demand for pre-engineered building solutions, the company is well-positioned for growth in the coming years.
For more information on the Epack Prefab Technologies IPO, including the latest news and updates, please visit our IPO news section. You can also check out our stock market news section for the latest updates on the Indian stock market.