Metro Brands share price: The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands.
The three-day issue will close on January 23, Tuesday. The company has fixed the price band at Rs 133-140 per equity share with the face value of Rs 10 per share.
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.
The IPO is entirely an entirely fresh issue where the company is offering 960,000 shares with a minimum bid quantity of 1,200 shares. The maximum bid quantity for QIBs and NIIs is 912,000 shares. The price band for the IPO is fixed at Rs 96-100 per equity share with a face value of Rs 10 per share.