Four IPOs worth Rs 738 crore to hit Dalal Street on January 19

Four IPOs including Epack Durable to raise Rs 738 crore

The primary market will have a busy day on January 19 as four companies will be opening their maiden public issues for subscription, and planning to raise around Rs 738 crore. This included one from the mainboard segment and the remaining three from the SME segment, while all these issues will be closing on January 23.

Epack Durable IPO

Epack Durable, the original design manufacturer (ODM) of room air conditioner, intends to raise Rs 640.05 crore through the public issue at the upper price band. The IPO comprises a fresh issuance of shares worth Rs 400 crore and an offer-for-sale of 1.04 crore equity shares worth Rs 240.05 crore.

Also read: Epack Durable IPO: 10 things to know before subscribing to Rs 640-crore issue

The price band for the offer has been fixed at Rs 218-230 per share.

Epack Durable, which caters to leading companies like Blue Star, Daikin Airconditioning India, Voltas, Havells India, Haier Appliances (India), Bajaj Electricals, BSH Household Appliances Manufacturing, and Usha International, will utilise Rs 230 crore of the net fresh issue proceeds for the expansion of manufacturing facilities, and Rs 80 crore for repaying debts. The remaining amount will be used for general corporate purposes going ahead.

Addictive Learning Technology IPO

Educational technology platform Addictive Learning Technology will be amongst three IPOs from the SME segment, planning to mobilise Rs 60.16 crore through the public issue of 42.97 lakh equity shares. It is a mix of a fresh issue of 41.37 lakh shares and an offer-for-sale of 1.6 lakh shares.

Also read: KRN Heat Exchanger and Refrigeration files papers for IPO

The price band for the Lawsikho IPO is Rs 133-140 per share.

The Delhi-based company is going to use net fresh issue proceeds for acquisition, investment in technology, development of new courses, branding & marketing expenses, and working capital requirements, besides general corporate purposes.

Konstelec Engineers IPO

Konstelec Engineers, the engineering, procurement and construction/commissioning contractor, will be the second initial public offering in the SME segment. It aims to raise Rs 28.70 crore through its book-built issue of 41 lakh equity shares, comprising only a fresh issue component.

Also read: Allied Blenders and Distillers cuts IPO size, refiles draft papers to raise Rs 1,500 cr

The Mumbai-based company has fixed a price band of Rs 66-70 per share. The majority of issue proceeds will be utilised for working capital requirements.

It is a licensed electrical contractor and has completed more than 200 projects. As of November 30, it has an order book of more than 57 major projects worth around Rs 573 crore.

Its services find applications across several processing and manufacturing industries such as oil & gas, refinery, steel, cement, pharmaceuticals, textile, hospital, health care, and commercial complexes.

Euphoria Infotech India IPO

Kolkata-based IT and ITes solution provider Euphoria Infotech India intends to mop up Rs 9.6 crore through its public issue of 9.6 lakh equity shares. The price band for the IPO has been set at Rs 96-100 per share.

The IPO consists of only a fresh issue portion. Euphoria will also use most of the fresh issue funds for working capital requirements, besides general corporate purposes and IPO expenses.

All the four IPOs will make their debut on January 29, i.e. T+3 timeline (three working days after issue closing). Epack Durable will be listing its equity shares on the BSE and NSE, while Addictive Learning Technology and Konstelec Engineers will debut on the NSE Emerge, and trading in Euphoria Infotech India will commence on the BSE SME.