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Epack Durable IPO will be open for subscription from January 19 to January 23. It has set the share price band for its upcoming IPO at Rs 218-230 per share. The minimum bid is for 65 equity shares. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders including the promoters and group entities. The company plans to use the proceeds to fund capital expansion and repay debt.

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Epack Durable, based in Uttar Pradesh, sets IPO price band at Rs 218-230 per share. The IPO involves selling new shares worth up to Rs 400 crore and e

Epack Durable Ltd. has set a price band of Rs 218–230 per share at a face value of Rs 10 each for its initial public offering, it said on Tuesday. The IPO is a mix of a fresh issue and an offer for the sale of equity shares. The total issue size is Rs 640.1 crore, the air-conditioner original design manufacturer said in a release on Tuesday. Epack will issue fresh equity worth Rs 400 crore in the three-day issue. The OFS will see promoters and investors sell over 1.04 crore equity shares.

The retail portion of the issue was fully subscribed, followed closely by the NII category at 70%. There were no bids in the QIB portion of the IPO.