The book-built EPACK Durable IPO was priced at Rs 640.05 crores. The issuance comprised a 1.04 crore share offer for sale and a fresh issue of 1.74 crore shares, totaling Rs 400.00 crores and Rs 240.05 crores.
The subscription period for the EPACK Durable IPO began on January 19, 2024, and concluded on January 23, 2024. The allotment for the EPACK Durable IPO was anticipated to be completed on Wednesday, January 24, 2024. The BSE and NSE hosted the EPACK Durable IPO’s tentative listing date, which was set for Monday, January 29, 2024.
The pricing range for the EPACK Durable IPO was ₹218 to ₹230 per share. An application had to have a minimum lot size of 65 shares. Retail investors were required to invest a minimum of ₹14,950. For both sNII and bNII, the minimum lot size investment was ₹209,300 for 14 lots (910 shares) and ₹1,001,650 for 67 lots (4,355 shares).
The book running lead managers for the EPACK Durable IPO are Axis Capital Limited, Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), and ICICI Securities Limited. The issue’s registrar is Kfin Technologies Limited.
Here’s how you can check the allotment status of EPack Durable IPO:
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
You can also follow a similar procedure to check the allotment status on the Registrar’s website:
Step 1: Go to the Kfin Technologies Limited website.
Step 2: Select the IPO name by clicking on ‘Company Selection’.
Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’.
If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on January 25, 2024
Founded in 2019, EPACK Durable Limited is a room air conditioner (RAC) Original Design Manufacturer (ODM).
In addition, the company produces PCBA components, cross-flow fans, injection-moulded parts, sheet metal parts, and other components that are directly utilised in the manufacturing of RACs. Given the seasonal need for RACs, the company has extended its business into the small domestic appliance (SDA) sector. Presently, it is creating and manufacturing water dispensers, blenders, and induction hobs.
The company operates one manufacturing site in Bhiwadi, Rajasthan, and four production facilities in Dehradun: Dehradun Unit I, Dehradun Unit II, Dehradun Unit III, and Dehradun Unit IV.
EPack Durable GMP
| Date | GMP |
| 17 January 2024 | ₹0 |
| 16 January 2024 | ₹0 |
The price that an initial public offering (IPO) trades at in an unofficial, unregulated grey market before it is listed is known as the grey market premium (GMP). The GMP predicts the possible response of an IPO issuance for a certain firm on the day of listing. Whereas a negative GMP suggests that the IPO is probably going to be at a discount, a positive GMP premium suggests that the IPO is probably going to be profitable.
It is important to remember that IPO GMP can fluctuate greatly, making an investment decision based only on EPACK Durable IPO GMP dangerous. Thus, before making an investment, weigh all the options and decide whether or not to participate in the EPACK Durable IPO.
On January 16, 2024, the shares of EPACK Durable Ltd. were trading on the grey market at a 0% premium. At Rs 230, the shares were traded on the Grey Market. As a result, it now has a share premium of Rs 0 over the Rs 230 cap price.
