Epack Durables IPO opens for subscription today, with a price band of Rs 218-230 per share. The issue includes a fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 1.04 crore shares. Through the IPO, the company plans to raise around Rs 640 crore. The company is the second-largest room air conditioner original design manufacturer (ODM) in India. Its current product portfolio comprises room air conditioners, small domestic appliances, and components. The fresh proceeds will be used to fund capital expansion plans and repay outstanding debt.
The initial public offer (IPO) of Epack Durables was subscribed 37% so far on Friday, the first day of the bidding process. The category reserved for retail investors was booked 63%, followed by non-institutional investors at 25%. There were no bids yet in the QIB portion.
Epack Durables IPO will open for subscription on Friday. The company s shares are currently trading at a premium of Rs 15 in the unlisted market. The IPO consists of a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders. Epack Durables is the second-largest room air conditioner original design manufacturer in India, with a 24% market share in domestically manufactured units in FY23. The IPO proceeds will be used for capacity expansion.
Epack Durables IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders.
The IPO of Epack Durables, a company that manufactures room air conditioners and small domestic appliances, will open for subscription on January 19 and close on January 23. The company s shares are expected to get listed on both the exchanges. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders. The share allotment for the IPO will be finalized on January 24, and the listing date is fixed as January 29.