Shares of Epack Durable had a rather dull beginning at the bourses on Tuesday. The stock of the air-conditioner maker tumbled 9.70 per cent to ₹207.70 on the BSE against the issue price of ₹230. The stock was listed 2.17 per cent lower at ₹225 and slipped further by 10.56 per cent to ₹205.70. On the NSE, it tanked 9.5 per cent to ₹208.15.
Epack Durable makes its market debut today as analysts expect the stock to list at a 2-10 per cent premium over the issue price- to open between ₹235 and ₹253 against the issue price of ₹230. The offer was subscribed 16.37 times and it received bids for 32.7 crore shares against the issue size of 1.99 crore. High net-worth individuals (HNIs) bought 28.1 times the allotted quota while retail investors picked up 6.29 times the portion set aside for them. Qualified institutional buyers booked 25.5 times of their part.
EPACK Durable made a weak stock market debut, with shares of the company listed at Rs 221, a 4 per cent discount when compared with its issue price of Rs 230 per share on the National Stock Exchange (NSE) on Tuesday. On the BSE, the stock of household appliances started trade at Rs 225.
With the anticipation building for the forthcoming Interim Budget 2024 in India, various sectors are looking forward to the announcements and fiscal policies by Finance Minister Nirmala Sitharaman that will define their future landscapes.
EPACK ड्यूरेबल लिमिटेड के आरंभिक सार्वजनिक पेशकश (IPO) के अलॉटमेंट स्टेटस तय कर दिया गया है। जिन लोगों ने कंपनी के इश्यू के लिए अप्लाई किया है, वे बीएसई वेबसाइट या इसके रजिस्ट्रार की ऑफिशियल वेबसाइट पर लॉग इन करके ईपैक ड्यूरेबल आईपीओ के अलॉटमेंट स्टेटस को ऑनलाइन देख सकते हैं।
EPACK Durable IPO: The initial public offering of EPACK Durable, which was opened for public subscription on Friday, January 19, has already been oversubscribed. Till 6:49 pm on the second day of bidding on Tuesday, January 23, the Rs 640.05-crore IPO received 3.80 times subscription, garnering bids for 7,39,42,115 shares as against 1,94,79,846 shares.
EPACK Durable IPO opened for subscription on Friday, January 19, and will now close on Wednesday, January 24. The EPACK Durable IPO dates has been extended by a day as the equity market remained closed on Monday on account of a public holiday in the country celebrating the inauguration of the Ram Temple in the northern city of Ayodhya.
The initial public offering (IPO) of EPACK Durable Ltd, an outsourced design manufacturer of room air conditioners, opened for subscription on Friday (January 19). The issue, which closes on January 23, is a combination of fresh and offer for sale (OFS) portion.
New Delhi, EPACK Durable Ltd, an outsourced design manufacturer of room air conditioners, on Thursday raised Rs 192 crore from anchor investors ahead of its initial public offering (IPO). The company has allotted 83.48 lakh equity shares to 18 funds at Rs 230 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website.
EPACK Durable, a room air conditioner manufacturer, is coming out with its IPO (initial public offering) on January 19, 2024. Here’s a breakdown of the company’s strengths, weaknesses, and growth prospects to help investors make an informed decision.
EPACK Durable, India’s second-largest room air-conditioner original design manufacturer is coming out with a Rs 640 crore initial public offering that opens on January 19.
The company is focused on expanding its portfolio of products such as hair dryers, kitchen chimneys, domestic air coolers, and tower fans. It is among the first to make special copper tubing and design air-conditioners with a new refrigerant.
