EPACK Durable IPO subscription date extended. GMP, review, apply or not?

livemint.com:

EPACK Durable IPO: In the wake of the stock market holiday announced on Monday for Ayodhya Ram Mandir 'Pran Pratishtha' celebrations across the nation, the subscription date of EPACK Durable Limited has been extended to 24th January 2024. Earlier, EPACK Durable IPO subscription date was announced from 19th January 2024 to 23rd January 2024. But, after the announcement of the trade holiday on 22nd January 2024, the EPACK Durable IPO subscription date has now been extended to 24th January 2024.

Now, investors will be able to apply for the public issue till the evening of 24th January 2024. Meanwhile, after the extension of EPACK Durable IPO date, grey market sentiment has turned positive regarding the book build issue. According to stock market observers, EPACK Durable share price is available at a premium of ₹31 in the grey market today.

As per the market observers, EPACK Durable IPO grey market premium (GMP) today is ₹31, which is ₹5 higher than the weekend GMP of ₹26. Market observers said that the trend reversal on Dalal Street after a heavy sell-off at the beginning of the previous week could be the possible reason for the rise in grey market sentiments regarding EPACK Durable IPO. They went on to add that positive global market sentiments may further improve Indian stock market bias, which is a healthy sign for the book build issue.

After day one of bidding, the book build issue got subscribed 77 per cent. However, after the announcement of the trading holiday on 22nd January 2024, the EPACK Durable IPO subscription date has been extended by one day till 24th January. On whether one should apply for the public issue or not, Arihant Capital said, "EPACK Durables has a 24% market share in terms of domestically