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.
EPACK Durable IPO Details: EPACK Durable IPO date is fixed, the IPO is to hit the market on January 19 and will close on January 23. EPACK Durable IPO to raise around ₹640 crores via IPO that comprises fresh issue of ₹400 crores and offer for sale up to 13,067,890 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
In the midst of escalating environmental challenges associated with traditional construction methods, exacerbated by repetitive construction bans around Delhi, NCR, due to severe air quality concerns, the need for a sustainable shift in building practises becomes increasingly apparent.
Fedbank Financial Services, EPACK Durable, and Suraj Estate Developers have received approvals from the capital markets regulator Sebi to launch their public issues.
Every winter when air quality enters the severe category (AQI 401-450) in New Delhi and its surroundings, restrictions are imposed on non-essential construction.
EPACK Prefab, a manufacturer of pre-engineered structures, on Wednesday announced commissioning of its new facility in Andhra Pradesh set up with an investment of around Rs 200 crore.
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