EPACK Durable shares fall short of expectations, stock closes at ₹208.15 on the NSE

30 Jan 2024 , 06:32 PM

Today marked the share price of EPACK Durable’s shaky bourse debut. The EPACK Durable share price was 3.9% less on the NSE than the issue price of ₹230, trading at ₹221 per share. The price of each EPACK Durable share was listed on the BSE at ₹225, which was 2.17% less than the issue price.

Analysts projected that the price of an equity share of EPACK Durable would range from ₹225 to ₹235. The three days of the EPACK Durable IPO went smoothly, with positive feedback from both retail and non-institutional investors. According to data, the subscription status of EPACK Durable IPO on day three was 16.37 times.

By distributing 83.48 lakh equity shares at ₹230, the EPACK Durable IPO raised ₹192.01 crore from anchor investors on Thursday, January 18.

The subscription period for the EPACK Durable IPO began on Friday, January 19, and ended on Wednesday, January 24. The initial public offering (IPO) pricing band for EPACK Durable Limited was set at ₹218 to ₹230 per equity share, with a face value of ₹10.

The stock closed at ₹208.15 after opening at ₹221 on the day of the listing.

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