February 18, 2024
EPACK Durable IPO Nearing Closure: Last Day for Bidding
Finance Stock Markets

EPACK Durable IPO Nearing Closure: Last Day for Bidding

EPACK Durable IPO Nearing Closure: Last Day for Bidding/iStock

EPACK Durable IPO Nearing Closure: Last Day for Bidding

Investors have one day left to apply for the EPACK Durable Limited IPO as the bidding period concludes today. The subscription status so far shows the public issue has been oversubscribed 3.68 times in the first two days. Despite a market sell-off on Tuesday, EPACK Durable shares remain steady in the grey market, with a premium of ₹31 today. Analysts anticipate increased interest from investors on the final day of bidding, given the oversubscription and the attractive premium. The IPO review suggests a fair valuation, and recommendations range from ‘Subscribe’ for the medium to long term to ‘May Apply’ or ‘Avoid’ depending on the analyst.

EPACK Durable IPO Subscription Status Update

As of day 3 of bidding, the EPACK Durable IPO has been oversubscribed 4.42 times overall. The retail portion is oversubscribed 4.28 times, the NII portion stands at 10.20 times, and the QIB segment is subscribed 0.18 times. The strong interest from retail and NII investors indicates positive sentiment towards the IPO.

Analyst Recommendations and Valuation

Analysts from BP Equities recommend a “Subscribe” rating for the IPO from a medium to long-term perspective, considering the company’s financial performance and valuation. Arihant Capital also suggests subscribing, highlighting EPACK Durable’s market share and the potential for increased business through capacity expansion and new product launches. On the other hand, InCred Equities recommends avoiding the IPO.

Grey Market Premium (GMP) Update

The EPACK Durable IPO grey market premium (GMP) is ₹31 today, showing a slight decrease from ₹35 on Tuesday. The GMP reflects market expectations and investor sentiment towards the IPO, even in the midst of broader market fluctuations.

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