EPACK Durable IPO subscribed 2.40 times so far

23 Jan 2024 , 03:31 PM

EPACK Durable’s IPO witnessed moderate investor interest on the second day of bidding, with robust participation from retail and non-institutional investors. click here to subscribe the IPO.

By 3.30 pm on January 23, investors bid for 4,79,56,350 equity shares, representing 2.40 times the 1,99,77,615 equity shares available for subscription. The bidding concludes on January 24. The non-institutional investors’ portion is oversubscribed by 5.56 times while retails is booked 3.34 times. however, the QIB Portion has only subscribed 0.03 times

The Noida-based company’s IPO, which started on January 19, offers shares in the price range of Rs 218-230 per share, with a lot size of 65 shares and multiples thereafter.

EPACK Durable aims to raise Rs 640 crore through its IPO, comprising a fresh share sale of Rs 400 crore and an offer-for-sale (OFS) of over 1.04 crore equity shares.

EPACK Durable, established in 2019, serves as an original design manufacturer (ODM) specializing in room air conditioners (RAC). The company also manufactures various components crucial to RAC production, including sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components.

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