EPACK Durable IPO Priced at Rs 218-230 Per Share; Bidding Window Opened from January 19 to January 24.
EPACK Durable Shares to Debut on Tuesday at Rs 230 Apiece After Successful IPO, Raises Rs 640 Crore with 16.37x Subscription.
EPACK Durable Set for Market Debut on Tuesday, Grey Market Indicates Modest Listing Pop Amid Broader Market Volatility. Recently, the Grey Market Premium Fell to Rs 5 from an Earlier High of Rs 28-30.
EPACK Durable’s IPO Valued at 49.6 Times PE, Establishes Strong Ties with Leading AC Brands; Analyst Forecasts Single-Digit Premium at Listing.
In the grey market, EPACK Durable is currently holding a premium of Rs 5 per share, indicating a potential listing pop of 2-3 percent for investors when it debuts in the stock market.
Given sectoral tailwinds including rising global temperatures, increased consumer purchasing power, urbanization, and supportive government policies, EPACK Durable appears well-positioned for medium to long-term performance. Investors who secure allocations are advised to consider holding shares for this extended horizon,” suggested Parth Shah, Research Analyst at StoxBox.
EPACK Durable’s IPO, priced at Rs 218-230 per share, garnered over Rs 640 crore during its bidding window from January 19 to January 24. The offering included a fresh share sale of Rs 400 crore and an offer-for-sale (OFS) of up to 1.04 crore shares.
he EPACK Durable IPO received an overall subscription of 16.37 times, witnessing significant interest from qualified institutional bidders (QIBs) who oversubscribed their allocation by 25.50 times. Non-institutional investors subscribed 28.10 times their quota, and retail investors subscribed 6.29 times during the bidding period.
Founded in 2019, EPACK Durable specializes as an Original Design Manufacturer (ODM) of room air conditioners (RAC). Beyond RACs, the company is engaged in the production of various components, including sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components, which are integral for the production of room air conditioners.
For the EPACK Durable IPO, Axis Capital, ICICI Securities, and Dam Capital Advisors (formerly IFDC Securities) took on the role of Book Running Lead Managers. Kfin Technologies served as the registrar for the issue, managing various aspects of the IPO process.
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