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EPACK Durable IPO Fully Subscribed on Day 2, Retail Investors Show Great Interest

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8 months ago

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Epack Durable Ipo Fully Subscribed On Day 2, Retail Investors Show Great Interest

EPACK Durable Ltd, a leading room air conditioner ODM in India, witnessed remarkable interest from investors as its IPO was fully subscribed on the second day of the issue. The subscription status for all portions, except qualified institutional buyers (QIB), was oversubscribed.

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EPACK Durable IPO, which opened for subscription on January 19, saw a strong response from retail investors with the retail portion getting fully booked on the first day itself. The subscription status at the end of day 1 showed 77% of the overall IPO being subscribed.

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The IPO, priced between ₹218 and ₹230 per equity share, has a lot size of 65 equity shares and is reserved as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors. The promoters of EPACK Durable Ltd include Ajay DD Singhania, Sanjay Singhania, Laxmi Pat Bothra, and Bajrang Bothra.

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Comparing EPACK Durable Ltd with its listed peers such as Amber Enterprises India Ltd, PG Electroplast Limited, Dixon Technologies Ltd, and Elin Electronics Ltd, it is evident that the IPO has attracted significant attention from investors.

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The book running lead managers for the EPACK Durable IPO are Axis Capital Limited, DAM Capital Advisors Limited, and KFin Technologies Limited is the registrar for the issue.

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Rachel Adams

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