Epack Durable‘s IPO witnessed robust investor interest, with a subscription rate of 16.37 times on January 24, the final day of bidding. Investors showed strong enthusiasm by subscribing to 32.7 crore equity shares against the offer size of 1.99 crore shares.
The Epack IPO, initially scheduled to close on Jan. 23, was extended by a day due to Jan. 22 being declared a public holiday. Epack Durable IPO’s allotment status is set to be finalised today, Jan. 25.
If you applied for the IPO, you could use any of the below-listed methods to check the Epack IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Epack Durable IPO allotment status
- Visit the registrar's website.
- Click on "Select IPO" and choose "Epack Durable" from the dropdown menu.
- Then you can enter your PAN, application number, or Demat.
- Enter the captcha and click submit to retrieve Epack IPO allotment status
Checking IPO Allotment Status on BSE:
- Go to the BSE website.
- Click on the ‘Equity' section and select "Epack Durable" from the dropdown menu.
- Enter your application number or PAN.
- Click on the ‘Search' button.
- The result will show the number of shares allotted to you.
If all the details are entered correctly and the allotment has been finalised, the Epack IPO allotment status will be visible.
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Epack Durable IPO Overview: High net-worth individuals (HNIs) were particularly active, oversubscribing their allotted quota by an impressive 28.1 times. Retail investors also demonstrated keen interest, subscribing 6.29 times the portion reserved for them. Qualified institutional buyers participated actively, booking 25.5 times the allotted quota.
Epack Durable, an original design manufacturer of room air conditioners based in Uttar Pradesh, launched its IPO on January 19 to raise ₹640.05 crore from the public. The offering includes a fresh issuance of shares worth ₹400 crore and an offer-for-sale of 1.04 crore shares worth ₹240.05 crore by existing shareholders.
Before the IPO, the company raised ₹192.02 crore through its anchor book on January 18, with participation from investors such as Societe Generale, Integrated Core Strategies (Asia), Copthall Mauritius Investment, HDFC Mutual Fund, SBI Life Insurance Company, HDFC Life Insurance Company, and Aditya Birla Sun Life Insurance Company.
Epack Durable intends to utilize ₹230 crore of the net fresh issue proceeds for expanding its manufacturing facilities and ₹80 crore for debt repayment, in addition to general corporate purposes.
The Epack IPO GMP (grey market premium) is currently reported to be at +18. This suggests that Epack Durable shares are trading at a premium of ₹18 in the grey market. Considering the upper end of the IPO price band and the current grey market premium, the estimated listing price for Epack Durable shares is indicated at ₹248 apiece, reflecting a 7.83% increase over the IPO price of ₹230.
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