Morgan Stanley, Citigroup invested in Anker round of Epack Prefab Technologies; CO increases RS 151 Crore for IPO

Epack Prefab Technologies has increased RS 151 Crore from Anker investors prior to its RS 504-Crore IPO, which will open for subscription on 24 September.

Anchor Investor Participation

The issue witnessed a strong question from both foreign portfolio and domestic investment funds. Among the most important participants were Whiteoak Capital, 360 One Flexicap Fund, Morgan Stanley Asia, Citigroup Global Markets Mauritius, LC Pharos Multi Strategy Fund, Finvenue Capital and Al Mehwar Commercial Investments.

From the total allocation, domestic investment funds are 28.43 Lakh shares in the corner, accounting for 38.36% of the anchor book. The various schemes of Whiteoak Capital, including the India Opportunities Fund, Flexi Cap Fund, Special Opportunities Fund, Mid Cap Fund, Multi Cap Fund and Elss Tax Saver Fund, were prominently present in the allocation.

Biggest allocations

Whiteoak Capital India Opportunity Fund received 9.80 LAKH shares worth RS 20 Crore, while 360 ​​One Flexicap Fund received 8.82 Lakh shares worth RS 18 crore. Al Mehwar Commercial Investments LLC (Wanda) took 8.33 Lakh shares worth RS 17 Crore, and LC Pharos Multi Strategy Fund subscribed to 7.35 LAKH shares worth RS 15 Crore.

About the IPO

The IPO consists of a new edition of shares worth RS 300 Crore and an offer for the sale of shares worth RS 204 Crore. The company has established a price band of RS 194-204 per share, with much size of 73 shares. The issue will be closed on 26 September, with a provisional list on October 1.

The proceeds of the new issue will be used to finance the expansion of its production facilities in Ghiloth in Rajasthan and Mambattu in Andhra Pradesh, to repay loans and for general business purposes.