Page 3 - Epack Durable News Today

EPACK Durable IPO: The price band for the issue, which will close on January 23, has been fixed at Rs 218-230 per share

Incorporated in 2019, EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures AC components.

Those that participated in the anchor bidding are -- Societe Generale, Copthall Mauritius Investment Ltd, Integrated Core Strategies (Asia) Pte Ltd, SBI Life Insurance Company, SBI General Insurance Company, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Aditya Birla Sun Life Insurance Company and HDFC Mutual Fund.

Epack Durable IPO | Indias second largest original design manufacturer of room ACs is looking to raise Rs 640.05 crore

Medi Assist Healthcare Services IPO: Investors can start trading in the equity shares on the bourses with effect from January 22.

Epack Durable IPO | Optimix Wholesale Global Emerging Markets Share Trust, Integrated Core Strategies (Asia), Societe Generale Copthall Mauritius Investment, and HDFC Mutual Fund were some of the marquee names invested in the company via anchor book.

Four IPOs included one from the mainboard segment and the remaining three from the SME segment, while all these issues will be closing on January 23.

EPACK Durable, a contract manufacturer for room air conditioners, plans to raise Rs 400 crore through a fresh issue of shares for capacity expansion and debt reduction, and Rs 240 crore through an offer of sale by promoters and private equity investors.

Axis Capital, Dam Capital Advisors and ICICI Securities are the book running lead managers for the EPACK Durable IPO. Kfin Technologies is the registrar for the issue.

Epack Durable IPO: The IPO is a mix of a fresh issue of Rs 400 crore by the company and an offer-for-sale (OFS) of 1.04 crore equity shares by the existing shareholders. It will open for subscription on January 19 and close on January 23.