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.
The shares of Epack Durables will debut on the bourses on Tuesday following a successful IPO, which was subscribed 16 times at close. Ahead of the listing, the company s shares are trading with a marginal premium of Rs 6 as against an issue price of Rs 230.
Delhi-based digital service provider BLS E-Services opens its maiden public issue on January 30 and closes on February 1. The firm from the mainboard segment has a price band of Rs 129-135 per share.
Epack Durables IPO, which received strong subscription of 16.3 times, is expected to finalize allotment today. Investors will be allocated shares through a lottery process. They can check the allotment status on the BSE website or the registrar s website. The IPO proceeds will be used for capital expansion and debt repayment. Epack Durables is the second largest room air conditioner ODM in India and has strong relationships with top customers.
The initial public offer (IPO) of Epack Durables picked up pace on Wednesday, the third day of the bidding process with the overall subscription at 16.3 times at close.