Epack Prefab Technologies Launches Rs 504 Crore IPO with Grey Market Premium
Epack Prefab Technologies, a pre-engineered building solutions provider, is launching its IPO to raise Rs 504 crore. The offering includes a fresh issue of Rs 300 crore and an offer-for-sale of Rs 204 crore, with a price band of Rs 194-204 per share. The IPO will be open for subscription from September 24 to September 26, with a minimum lot size of 73 shares. The company reported a 38% increase in profit after tax to Rs 59.32 crore and a 25.30% rise in revenue to Rs 1,133.92 crore. The grey market premium suggests a potential listing price of Rs 218 per share.
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Epack Prefab Technologies, a provider of pre-engineered building solutions, is set to launch its Initial Public Offering (IPO) aiming to raise Rs 504 crore. The IPO comprises a fresh issue of Rs 300 crore and an offer-for-sale of Rs 204 crore, with the price band set at Rs 194-204 per share.
IPO Details
- Subscription Period: September 24 - September 26
- Price Band: Rs 194-204 per share
- Minimum Lot Size: 73 shares
- Minimum Investment for Retail Investors: Rs 14,892
- Expected Listing Date: October 1 on BSE and NSE
Grey Market Premium
The grey market is showing a premium of Rs 14 for Epack Prefab Technologies shares, indicating a potential listing price of Rs 218 per share. However, it's important to note that grey market premiums are unofficial and subject to change.
Company Performance
Epack Prefab Technologies has demonstrated strong financial performance:
| Metric | Value | Growth |
|---|---|---|
| Profit After Tax | Rs 59.32 crore | 38.00% |
| Revenue | Rs 1,133.92 crore | 25.30% |
The company's profit after tax grew by 38.00% to Rs 59.32 crore, while revenue increased by 25.30% to Rs 1,133.92 crore.
About Epack Prefab Technologies
Epack Prefab Technologies specializes in providing pre-engineered building solutions. The company's growth in both revenue and profit suggests a robust demand for its products and services in the construction and infrastructure sectors.
Investors interested in the IPO should carefully review the company's prospectus and consider their own financial goals and risk tolerance before making an investment decision. As with any IPO, it's advisable to consult with a financial advisor to understand the potential risks and rewards associated with investing in Epack Prefab Technologies.
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