EPACK Durable IPO Day 3: GMP, subscription status, other details. Should you apply as bidding ends today
EPACK Durable IPO: Bidding for the initial public offering (IPO) of EPACK Durable Limited is going to end today. So, investors have just one day in hand to apply for the public offer. As per the EPACK Durable IPO subscription status, the public issue has been subscribed 3.68 times in the first two days of bidding.
Meanwhile, shares of EPACK Durable Limited have remained steady in the grey market despite a heavy sell-off on Tuesday. According to stock market observers, EPACK Durable share price is available at a premium of ₹31 in the grey market today. As per the stock market observers, EPACK Durable IPO grey market premium (GMP) today is ₹31, which is ₹4 below its Tuesday GMP of ₹35.
Observers said that an extensive sell-off across indices on Tuesday could be the possible reason for the fall in EPACK Durable IPO GMP. However, they said that in the first two days of bidding, the book build issue has been over-subscribed, and it is expected to attract the attention of investors when bidding opens on Wednesday. They said that a 13 per cent premium in such a market scenario may attract the attention of primary market investors and EPACK Durable IPO subscription status may shoot up as the day unfolds.
In the first two days of bidding, the book build issue has been subscribed 3.68 times to its original offer. Its retail portion got subscribed 3.81 times, the NII portion of the public issue got subscribed 7.90 times whereas the QIB portion of the public offer got subscribed 0.17 times. Giving the 'apply' tag to the book build issue, BP Equities said, "On the financial performance front, the company’s Revenue/EBITDA/PAT grew at a CAGR of 44.6%/56.2%/102.5% during the FY2021-23 period.
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