EPack Prefab Technologies IPO Subscribed 3.07 Times, Receives Overwhelming Response
The initial public offering (IPO) of EPack Prefab Technologies Ltd, a leading provider of Pre-Engineered Building (PEB) solutions, has received a substantial response from the market. The company's IPO was subscribed 3.07 times, with qualified institutional buyers (QIBs) bidding 5.10 times the allocated shares. The subscription figures reveal a high level of interest in the company's shares, with over 5.42 crores of shares being bid for against the offered 1.76 crores of shares.
Key Takeaways:
- The IPO of EPack Prefab Technologies Ltd received a subscription of 3.07 times, indicating a significant response from the market.
- Qualified institutional buyers (QIBs) bid 5.10 times the allocated shares, while retail individual investors received 1.69 times subscription.
- The quota for non-institutional investors got subscribed 3.68 times, further highlighting the interest in the company's shares.
- The company has raised Rs 151.2 crore from anchor investors prior to the IPO.
- EPack Prefab Technologies plans to use the proceeds from the fresh issue worth Rs 300 crore for setting up a new manufacturing facility, expansion of existing facilities, debt repayment, and general corporate purposes.
- The company has a strong presence in the PEB market, operating three manufacturing facilities and three design centers across India.
- The shares of EPack Prefab Technologies are expected to list on the stock exchanges on October 1.
Statistics:
- IPO subscription: 3.07 times
- QIBs subscription: 5.10 times
- Retail individual investors subscription: 1.69 times
- Non-institutional investors subscription: 3.68 times
- Anchor investor investment: Rs 151.2 crore
- Fresh issue: Rs 300 crore
- Price band: Rs 194 to Rs 204 per share
- Listing date: October 1
Sources:
- NSE (National Stock Exchange) data
- EPack Prefab Technologies Ltd
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