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EPACK Durable IPO share price listed at ₹221 on NSE and ₹225 on BSE, lower than the issue price. Analysts predicted a range of ₹225 to ₹235 per share.
Incorporated in 2019, EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures AC components.
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.
Epack Durables IPO will open for subscription on Friday. The company's shares are currently trading at a premium of Rs 15 in the unlisted market. The IPO consists of 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. Epack Durables is the second-largest room air conditioner original design manufacturer in India, with a 24% market share in domestically manufactured units in FY23. The IPO proceeds will be used for capacity expansion.
Epack Durables IPO comprises 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.