IPO
Air-conditioner market player Epack Durable raises Rs.192-Cr in anchor round
Greater Noida-headquartered Epack Durable has raised INR 192 crore from anchor investors ahead of its IPO. The company has allocated 83.48 lakh shares at INR 230 apiece, the upper price band for the IPO. Investors who participated in the anchor round include Society Generale, Copthall, Universal Sompo, Reliance General Insurance.The IPO comprises a fresh equity issue of INR 400 crore and an offer for sale (OFS) of 10,437,047 shares by selling shareholders.Epack is India’s second-largest original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures components such as sheet metal parts, injection moulded parts, and cross-flow fans that are used in the production of RACs.
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