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The IPO of Epack Durable, the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, will open for subscription from January 19 to January 23. The IPO includes a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders. The company plans to use the IPO proceeds to fund capital expansion and repay debt. The offer is reserved for qualified institutional buyers (QIB), retail investors, and non-institutional investors.
The public offer of Kay Cee Energy and Infra was subscribed 959 times at close. The company received bids for over 200 crore shares against a partly 29.5 lakh shares on offer. The retail and NII parts of the issue were booked 1,600 times and 1,300 times, respectively. Meanwhile, the QIB portion was subscribed 127 times.