EPACK Durable IPO
EPACK Durable Limited (EPACK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 30 January 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +6.8% (likely range +2% to +27%), day's high +18.7%, chance of a gain 80%. Actual: -3.9% at the open, -2.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 55,84,779 | 14,24,22,020 | 25.5x | |
| NII (HNI) total | 43,17,851 | 12,13,29,780 | 28.1x | |
| Big NII (above ₹10 lakh) | 28,78,567 | 9,10,84,695 | 31.6x | |
| Small NII (₹2-10 lakh) | 14,39,284 | 3,02,45,085 | 21.0x | |
| Retail | 1,00,74,985 | 6,33,42,825 | 6.29x | |
| Total | 1,99,77,615 | 32,70,94,625 | 16.4x |
Bids on NSE and BSE together, as published by NSE, as of 24 Jan 2024, 07:00 PM. Shares offered exclude the anchor portion. 16% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to EPACK Durable's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Suraj Estate DevelopersDec 2023 | 24.3x | 18.9x | 9.30x | 15.6x | ₹424 Cr | -5.6% | -1.5% |
| Muthoot MicrofinDec 2023 | 17.5x | 13.2x | 7.61x | 11.5x | ₹1,009 Cr | -5.4% | -3.4% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| IRM ENERGY LIMITEDOct 2023 | 44.7x | 48.3x | 9.29x | 27.1x | ₹545 Cr | -5.5% | -4.2% |
| Medi Assist Healthcare ServicesJan 2024 | 40.1x | 14.9x | 3.19x | 16.2x | ₹1,172 Cr | +10.1% | +23.9% |
| Signatureglobal (India)Sep 2023 | 12.7x | 13.5x | 6.82x | 11.9x | ₹794 Cr | +15.3% | +23.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the EPACK Durable IPO price band and lot size? ₹218–230 per share, with a lot of 65 shares, so the smallest retail bid is ₹14,950.
How many times has it been subscribed? 16.4x overall: QIB 25.5x, NII 28.1x, retail 6.29x.
How did it list? It opened at ₹221, -3.9% against the issue price of ₹230, and closed its first day -9.7%.
