Axis Capital, Dam Capital Advisors and ICICI Securities are the book running lead managers for the EPACK Durable IPO. Kfin Technologies is the registrar for the issue.
Epack Durable IPO: The IPO is a mix of a fresh issue of Rs 400 crore by the company and an offer-for-sale (OFS) of 1.04 crore equity shares by the existing shareholders. It will open for subscription on January 19 and close on January 23.
Epack Durable IPO will be open for subscription from January 19 to January 23. It has set the share price band for its upcoming IPO at Rs 218-230 per share. The minimum bid is for 65 equity shares. 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 including the promoters and group entities. The company plans to use the proceeds to fund capital expansion and repay debt.
The IPO of Epack Durable, the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, will open for subscription from January 19 to January 23. The IPO includes 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 company plans to use the IPO proceeds to fund capital expansion and repay debt. The offer is reserved for qualified institutional buyers (QIB), retail investors, and non-institutional investors.