EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company s turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company s falling debts, IPO proceeds and stock s performance,
BLS E-Services IPO received the highest subscription for the year at 162 times. Investors can check the status of their share allotment on the BSE or by logging in to the registrar website. The company s shares are trading with a GMP of Rs 174 in the unlisted market. Valuations indicate a post issue market cap of around Rs 1227 crore. FY23 income increased 151% year-on-year to Rs 246 crore, while profit jumped 278% to Rs 20.33 crore.
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Epack Durables Share Price: Epack Durables, a leading room air conditioner manufacturer in India, debuted on the stock exchanges with a 4% discount over the issue price. The IPO, which had a healthy subscription of 16 times, included a fresh equity issue and an offer for sale by selling shareholders. The company plans to use the IPO proceeds for capital expansion and debt repayment. Epack Durables has a strong market share in the domestic air conditioner market and has expanded into the small domestic appliance market. Its revenue and profit have shown significant growth in recent years.