EPACK Durable IPOStep-by-step guide to check allotment status

Financiers excitedly waiting for the allocation status of EPACK Durable’s current public problem will quickly have clearness, as the business is set to reveal the basis of allocation on Thursday, January 25.

The IPO, which was open for membership from January 19 to January 24, amassed substantial interest from financiers.

EPACK Durable, a gamer in the Original Design Manufacturing (ODM) area for space a/c unit, handled to raise Rs 640 crore through its IPO.

This quantity made up a fresh share sale of Rs 400 crore and an offer-for-sale (OFS) of approximately 1.04 crore equity shares.

The problem was subscribed 16.37 times, with strong involvement from certified institutional bidders (QIBs) at 25.50 times. Non-institutional financiers subscribed 28.10 times, while retail financiers revealed interest at 6.29 times.

Grey Market Premium (GMP)

Regardless of a strong reaction, the Grey Market Premium (GMP) for EPACK Durable experienced a drop throughout the bidding procedure.

Commanding a premium of Rs 28-30 per share, it later on settled at Rs 21-24 per share, suggesting a prospective listing pop of 8-10 percent for financiers.

EPACK Durable, developed in 2019, specialises in producing parts such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA parts utilized in space a/c unit production.

The book running lead supervisors for the EPACK Durable IPO are Axis Capital, Dam Capital Advisors, and ICICI Securities, with Kfin Technologies acting as the registrar for the concern.

The business’s shares are set to be noted on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, January 29.

For financiers keen on inspecting their allocation status, the procedure is simple. They can check out the BSE site or the online website of KFin Technologies Limited, the registrar for the concern.

Here is how to examine the allocation status on BSE

1. Check out https://www.bseindia.com/investors/appli_check.aspx
2. Click Equity under the problem type
3. Select EPACK Durable Limited from the dropbox under the concern name
4. Go into the application number and PAN card ID
5. Click ‘I am not a Robot’ and send

Inspecting allocation status on KFin Technologies Limited

1. Go to https://kosmic.kfintech.com/ipostatus
2. Select the IPO from the dropbox (name will appear if allocation is settled)
3. Pick among the 3 modesApplication number, Demat Account number, or PAN ID
4. Depending upon the mode chosen, get in the information
5. Fill the captcha precisely for security functions.
6. Struck send