International Packaging Films Limited (IPAK) kicks off its IPO’s book building phase on May 8 and 9, 2024, offering 70.1 million shares to high-net-worth individuals and institutional investors. The process begins at a floor price of Rs 21 per share, with the potential for a 40% increase to Rs 29.4 per share based on investor interest. IPAK targets to raise between Rs 1.47 to 2.04 billion, with successful bidders initially allotted 75% of the issue size. The remaining 25% will be offered to retail investors at the strike price. With a solid financial track record.
