Epack Durable IPO will be open for subscription from January 19 to January 23. It has set the share price band for its upcoming IPO at Rs 218-230 per share. The minimum bid is for 65 equity shares. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders including the promoters and group entities. The company plans to use the proceeds to fund capital expansion and repay debt.
Ather Energy shares rise 3% as Nomura raises target price; stock up nearly 200% in 1 year
Ather Energy shares rose after Nomura raised its target to Rs 1,926, citing faster EV adoption, the Konarc launch and stronger growth prospects. The brokerage