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FIRST ON ZEE BUSINESS: Management of EPACK Durable IPO after listing at 4% discount… What is the future plan and business model of Epack Durable? Where will the money raised from IPO be used? Watch Anil Singhvi’s conversation with company Chairman & WTD Bajrang Bothra and MD & CEO Ajay DD Singhania.

Shares of Epack Durable had a rather dull beginning at the bourses on Tuesday. The stock of the air-conditioner maker tumbled 9.70 per cent to ₹207.70 on the BSE against the issue price of ₹230. The stock was listed 2.17 per cent lower at ₹225 and slipped further by 10.56 per cent to ₹205.70. On the NSE, it tanked 9.5 per cent to ₹208.15.

Epack Durable makes its market debut today as analysts expect the stock to list at a 2-10 per cent premium over the issue price- to open between ₹235 and ₹253 against the issue price of ₹230. The offer was subscribed 16.37 times and it received bids for 32.7 crore shares against the issue size of 1.99 crore.

EPACK Durable Ltd, an original equipment manufacturer of home appliances, made a weak stock market debut Tuesday as its shares listing at a discount to the issue price and then falling further.

New Delhi, EPACK Durable Ltd, an outsourced design manufacturer of room air conditioners, on Thursday raised Rs 192 crore from anchor investors ahead of its initial public offering (IPO). The company has allotted 83.48 lakh equity shares to 18 funds at Rs 230 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website.

EPACK Durable IPO extended by a day due to market holiday. IPO fully subscribed except for QIB. IPO worth ₹640.05 crore. Promoters to sell 51.75 lakh shares in OFS.

Everything you need to know about the IPO of this air conditioner manufacturer.

EPACK Durable made a weak stock market debut, with shares of the company listed at Rs 221, a 4 per cent discount when compared with its issue price of Rs 230 per share on the National Stock Exchange (NSE) on Tuesday. On the BSE, the stock of household appliances started trade at Rs 225.

EPACK Durable, India’s second-largest room air-conditioner original design manufacturer is coming out with a Rs 640 crore initial public offering that opens on January 19.

EPACK Durable – the air-conditioner manufacturing company founded in 2019 raised 40 million dollars in a funding round led by Affirma Capital.

EPACK Durable had earlier raised 24 million dollars as the first round of funding from an Indian investment firm, ICICI Ventures.

EPACK Durable (EDPL), an Outsourced Design Manufacturers (ODM) of Room Air Conditioners (RAC) raises a second round of USD 40 million led by Affirma Capital. Prior to this round, the company secured $ 24 million from ICICI Venture last year.

EPACK Durable, a leading outsourced design manufacturer of room air conditioners, has raised USD 40 million (around Rs 318 crore) in a second round of funding led by Affirma Capital.