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News Details

16/01/2024 14:00

EPACK Durables announces launch of initial public offering

EPACK Durables Ltd. has announced public offering of 27828352 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 220.00 per share. The gross proceeds of the issue are expected to be Rs 64,005.21 lakhs.

The company's initial public offer (IPO) will open on 19 January 2024 and is expected to close on 23 January 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 218.00-230.00 per share.

The IPO includes a fresh Issue of 27828352 Equity Shares of the Company at an price of Rs 230.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 65 shares with bids in multiples of 65.

EPACK Durables Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Axis Capital Ltd.,DAM Capital Advisors Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.