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  • By Goodwill
  • 1,152 Comments
  • January 19, 2024

IPO : EPACK Durable Limited

EPACK Durable Limited IPO

 SYMBOL EPACK
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Friday, January 19, 2024
 ISSUE CLOSES ON Tuesday, January 23, 2024
 ISSUE PRICE ₹218 to ₹230 per share
 ISSUE SIZE Up to Rs.640.05 Crores
 FACE VALUE Rs.10 per share

EPACK Durable IPO is a book built issue of Rs 640.05 crores. The issue is a combination of fresh issue of 1.74 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 240.05 crores.

EPACK Durable IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The allotment for the EPACK Durable IPO is expected to be finalized on Wednesday, January 24, 2024. EPACK Durable IPO will list on BSE, NSE with tentative listing date fixed as Monday, January 29, 2024.

 MINIMUM BID 65 shares
 MINIMUM AMOUNT  Rs.14,950
 MAXIMUM BID 845 shares
 MAXIMUM AMOUNT  Rs.194,350
 PROMOTER HOLDING 65.36% (Post-issue)
 LISTING DATE Monday, January 29, 2024
 LISTING AT NSE-BSE

EPACK Durable IPO price band is set at ₹218 to ₹230 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (910 shares), amounting to ₹209,300, and for bNII, it is 67 lots (4,355 shares), amounting to ₹1,001,650.

Objects of the Issue (EPACK Durable IPO Objectives)

The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:

  1. Funding capital expenditure for the expansion/setting up of manufacturing facilities;
  2. Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company;
  3. General corporate purposes.
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