EPACK Durable IPO: There is an important news for those investing money in IPO. The IPO of Uttar Pradesh based EPACK Durable is opening on Friday, January 19. The company aims to raise a total of Rs 640.05 crore through this IPO, out of which fresh shares worth Rs 400 crore will be issued and shares worth Rs 240.05 crore will be issued through offer for sale. If you are also thinking of investing money in this IPO, then we are giving you information about its details.
Know important dates related to ePack Durable-
EPAK Durable IPO is opening on 19 January 2024. At the same time, anchor investors are getting a chance to invest money in the issue a day earlier from January 18. In this you can bid till 23 January 2024. The company has fixed the date of share allotment as January 24, 2024. Whereas unsuccessful investors will get refund on January 24. Shares will be transferred to the demat account on January 25 only. Listing of shares can happen on Bombay Stock Exchange and National Stock Exchange on January 29.
What is the price band fixed?
The company has fixed the price band of the IPO on Tuesday. It ranges between Rs 218 to Rs 230. Retail investors can buy a lot of at least 65 shares at a time. Whereas the maximum limit has been fixed at 13 lots i.e. 845 shares. In such a situation, retail investors can invest from Rs 14,950 to a maximum of Rs 1,94,350 in this IPO. 35 percent share has been fixed for retail investors in the issue. At the same time, maximum 50 percent share has been reserved for Qualified Institutional Buyers (QIB) and a total of 15 percent share has been reserved for high net worth individuals.
What does the company do?
Epack Durable makes parts for many AC manufacturing companies like Blue Star, Daikin Airconditioning, Voltas, Haier Appliances. Apart from this, it also manufactures parts of induction cooktops, mixer-grinder, water dispenser etc. The company will use the money raised through IPO to repay the loan as well as fulfill its corporate objectives. The company's profit has increased by 83.40 percent to Rs 32 crore in the financial year 2023.
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