EPACK Durable IPO GMP

EPACK Durable Limited, a rapidly growing player in the room air conditioner (“ODM”) market, has recently made waves with its Initial Public Offering (IPO) on both the NSE and BSE exchanges. As investors eagerly await the opportunity to stake their claim in this promising venture, let’s delve into the details of the EPACK Durable IPO, with a specific focus on its Grey Market Premium (GMP).

IPO Overview:

Issue Size: Rs 700.56 Crores (Fresh issue: Rs 400.00 Crores, OFS issue: Rs 300.56 Crores)
IPO Application Period: 19th Jan to 23rd Jan 2024
Face Value: Rs 10 per share
Issue Price: Rs 218 to Rs 230 per share
Lot Size: 65 shares or its multiple as specified in the offer document

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Also Read: Upcoming IPO in India

EPACK Durable IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) for EPACK Durable IPO is currently ₹5 as of the last update. This indicates a positive sentiment in the grey market, with an estimated listing price of ₹235, reflecting a potential gain of 2.17% over the issue price.

EPACK Durable Day-wise IPO GMP Trend:

Here is a table summarizing the GMP for EPACK Durable IPO for the past few days: [ Last Updated: 30 Jan, 2024; 10:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
30-01-2024230.00₹5200/2800₹235 (2.17%)
29-01-2024230.00₹5200/2800₹235 (2.17%)
28-01-2024230.00₹5200/2800₹235 (2.17%)
27-01-2024230.00₹5200/2800₹235 (2.17%)
26-01-2024230.00₹12600/8400₹242 (5.22%)
25-01-2024230.00₹17800/11200₹247 (7.39%)
24-01-2024230.00₹281400/19600₹258 (12.17%)
23-01-2024230.00₹281400/19600₹258 (12.17%)
22-01-2024230.00₹281400/19600₹258 (12.17%)
21-01-2024230.00₹281400/19600₹258 (12.17%)
20-01-2024230.00₹281400/19600₹258 (12.17%)
19-01-2024230.00₹311500/21000₹261 (13.48%)
18-01-2024230.00₹311500/21000₹261 (13.48%)
17-01-2024230.00₹15700/9800₹245 (6.52%)
16-01-2024230.00₹0₹230 (0%)

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Latest IPO GMP:

For real-time updates on EPACK Durable IPO GMP and other upcoming IPOs, check the live GMP status on the IPO GMP Dashboard provided by Stockesta.com. Regular updates are crucial for tracking and comparing IPO GMP and its listing price.

Understanding IPO Grey Market Premium (GMP):

The grey market premium (GMP) signifies the unofficial trading price of an IPO before its official listing. A positive GMP suggests potential profits, while a negative GMP may indicate a likely discount at listing. However, it’s crucial to note that IPO GMP can be highly volatile, and investment decisions should consider multiple factors beyond GMP.

About EPACK Durable Limited:

EPACK Durable Limited, established in Noida in 2019, has emerged as the second-largest ODM manufacturer in the Indian air conditioner market, boasting a 29% market share in terms of production volume in FY 2023. The company’s strategic expansion into small household appliances showcases its commitment to diversifying revenue streams and backward integration of activities.

Also Read: Benefits and Risks of Investing in IPO

EPACK Durable IPO Strengths:

  • Long-standing relationships with established customers
  • Among the largest manufacturers in the RAC and SDA industries
  • Advanced vertically integrated manufacturing operations
  • Robust product development and design optimization capabilities
  • Experienced promoters and a proven senior management team

EPACK Durable IPO Objective:

The net proceeds from the Fresh Issue will be utilized for:

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

Also Read: When Can a Company Go for IPO in India

EPACK Durable IPO Dates:

  • IPO Open Date: 19-01-2024
  • IPO Close Date: 24-01-2024
  • Basis of Allotment Finalization Date: 25-01-2024
  • Refunds Initiation: 29-01-2024
  • Credit of Shares to Demat Account: 29-01-2024
  • IPO Listing Date: 30-01-2024

Conclusion:

EPACK Durable’s IPO presents an intriguing investment opportunity, backed by its strong market position and diversified product portfolio. However, investors should exercise caution, considering the inherent volatility of IPO GMP and conduct thorough due diligence before making investment decisions. Stay informed, stay updated, and make investment choices wisely.

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