EPACK Durable Shares List at Discount: Market Debut
By Rediff Money Desk, NEWDELHI Jan 30, 2024 10:37
EPACK Durable shares listed at a 4% discount on Tuesday, opening at Rs 225 on the BSE. The company manufactures room air conditioners and appliances.
New Delhi, Jan 30 (PTI) Shares of EPACK Durable Ltd on Tuesday listed with a discount of nearly 4 per cent against the issue price of Rs 230.
EPACK Durable manufactures room air conditioners and small household appliances.
The stock of the company started the trade at Rs 225, lower by 2.17 per cent from the issue price on the BSE. It further fell by 8.15 per cent to Rs 211.25.
At the NSE, it declined 3.91 per cent to Rs 221 in opening deals.
The company's market valuation stood at Rs 2,086.97 crore.
The initial share sale of EPACK Durable was subscribed 16.37 times on the final day of subscription on January 24.
The Initial Public Offering (IPO) had a fresh issue of Rs 400 crore and an Offer-for-Sale (OFS) of up to 1,04,37,047 equity shares. The price band was fixed at Rs 218-230 a share.
Founded in 2002, the company has integrated manufacturing facilities in Dehradun (Uttarakhand) and Bhiwadi (Rajasthan).
It manufactures room air conditioners, components, and small household appliances for leading Indian and MNC brands in India as an Original Design Manufacturer (ODM).
EPACK Durable manufactures room air conditioners and small household appliances.
The stock of the company started the trade at Rs 225, lower by 2.17 per cent from the issue price on the BSE. It further fell by 8.15 per cent to Rs 211.25.
At the NSE, it declined 3.91 per cent to Rs 221 in opening deals.
The company's market valuation stood at Rs 2,086.97 crore.
The initial share sale of EPACK Durable was subscribed 16.37 times on the final day of subscription on January 24.
The Initial Public Offering (IPO) had a fresh issue of Rs 400 crore and an Offer-for-Sale (OFS) of up to 1,04,37,047 equity shares. The price band was fixed at Rs 218-230 a share.
Founded in 2002, the company has integrated manufacturing facilities in Dehradun (Uttarakhand) and Bhiwadi (Rajasthan).
It manufactures room air conditioners, components, and small household appliances for leading Indian and MNC brands in India as an Original Design Manufacturer (ODM).
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...