Epack Prefab Technologies Faces Market Dive on First Trading Day
Epack Prefab Technologies witnessed a 6.5% decline in share value during its stock market debut, despite an oversubscribed IPO. The proceeds from the IPO will support new manufacturing facilities and expansion. The company specializes in Pre-Engineered Building solutions, with operations across multiple states in India.
- Country:
- India
Shares of Epack Prefab Technologies concluded their debut day on the stock market with a 6.5% discount compared to their issue price of Rs 204.
The stock opened at Rs 186.10 and closed at Rs 191.10 on the BSE, marking a 9.87% initial drop before slightly recovering.
The IPO, oversubscribed by 3.07 times, will fund expansion efforts, as the company plans new facilities and aims to increase capacity in existing ones.
(With inputs from agencies.)
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