Epack Sturdy IPO: Epack Sturdy has introduced the pricing particulars for its upcoming preliminary public providing (IPO), setting the worth band at Rs 218-230 per share. The subscription interval for the IPO will likely be from January 19 to January 23.
As per ET, the ground worth for the fairness shares with a face worth of Rs 10 every is 21.8 occasions, whereas the cap worth is ready at 23 occasions the face worth.Traders can bid for no less than 65 fairness shares in a single lot and in multiples thereafter.
Epack Sturdy: IPO measurement
The IPO entails promoting new shares price as much as Rs 400 crore and present shareholders providing as much as 10,437,047 shares on the market.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra, who’re the promoters and group entities, are promoting a portion of their shares within the firm.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania collectively personal a 42.90% stake within the firm.
Moreover, India Benefit Fund and Dynamic India Fund, managed by ICICI Ventures, may even divest their stakes within the firm.
About Epack Sturdy
Epack Sturdy, based mostly in Uttar Pradesh, is the second-largest unique design producer (ODM) within the Indian room air conditioner manufacturing market, with a 29% market share by way of quantity in fiscal 2023. The corporate additionally produces parts like sheet metallic components, injection-molded components, cross-flow followers, and PCBA parts used within the manufacturing of room air conditioners (RACs). Moreover, it has expanded its enterprise into the small home equipment (SDA) market, creating and producing gadgets corresponding to induction hobs, blenders, and water dispensers.
The corporate intends to make use of the funds raised from the IPO to assist capital enlargement plans and repay a portion of its excellent debt.
The IPO construction allocates 50% for certified institutional patrons (QIB), 35% for retail traders, and 15% for non-institutional traders. Axis Capital, DAM Capital Advisors, and ICICI Securities are the book-running lead managers for the difficulty.
As per ET, the ground worth for the fairness shares with a face worth of Rs 10 every is 21.8 occasions, whereas the cap worth is ready at 23 occasions the face worth.Traders can bid for no less than 65 fairness shares in a single lot and in multiples thereafter.
Epack Sturdy: IPO measurement
The IPO entails promoting new shares price as much as Rs 400 crore and present shareholders providing as much as 10,437,047 shares on the market.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra, who’re the promoters and group entities, are promoting a portion of their shares within the firm.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania collectively personal a 42.90% stake within the firm.
Moreover, India Benefit Fund and Dynamic India Fund, managed by ICICI Ventures, may even divest their stakes within the firm.
About Epack Sturdy
Epack Sturdy, based mostly in Uttar Pradesh, is the second-largest unique design producer (ODM) within the Indian room air conditioner manufacturing market, with a 29% market share by way of quantity in fiscal 2023. The corporate additionally produces parts like sheet metallic components, injection-molded components, cross-flow followers, and PCBA parts used within the manufacturing of room air conditioners (RACs). Moreover, it has expanded its enterprise into the small home equipment (SDA) market, creating and producing gadgets corresponding to induction hobs, blenders, and water dispensers.
The corporate intends to make use of the funds raised from the IPO to assist capital enlargement plans and repay a portion of its excellent debt.
The IPO construction allocates 50% for certified institutional patrons (QIB), 35% for retail traders, and 15% for non-institutional traders. Axis Capital, DAM Capital Advisors, and ICICI Securities are the book-running lead managers for the difficulty.
