EP Biocomposites IPO Details: The date for EP Biocomposites’ initial public offering (IPO) has been set: August 29 through September 5, 2022. In order to raise Rs. 6.35 crores through an IPO, EP Biocomposites is a BSE SME IPO. With a market lot of 1000 shares, the EP Biocomposites IPO price band is fixed at Rs. 126.
EP Biocomposites IPO Details
|IPO Opening Date||Aug 29, 2022|
|IPO Closing Date||Sep 5, 2022|
|Price Band||Rs. 126 per share|
|Lot Size||1000 Shares|
|Issue Size (Rs. Cr.)||504,000 shares of Rs. 10 (aggregating up to Rs. 6.35 Cr)|
|Fresh Issue||504,000 shares of Rs. 10 (aggregating up to Rs. 6.35 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Exchange Board||NSE, SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Sep 8, 2022|
|Initiation of Refunds||Sep 9, 2022|
|Credit of Shares to Demat Account||Sep 12, 2022|
|EP Biocomposites IPO Listing Date||Sep 13, 2022|
EP Biocomposites IPO Date
EP Biocomposites IPO Dates are set. EP Biocomposites IPO open on 29 Aug 2020 and Kore Mobile IPO will close on 5 Sep 2022. FRP – Fibre Reinformed Polymers Products like Bio Toilets, Frames, Door Shutters, Biodigestor Tanks, and Allied Products are produced and supplied by EP Biocomposites Limited.
EP Biocomposites IPO Issue Size
EP Biocomposites IPO is going to list on BSE SME. Issue size of EP Biocomposites IPO is Rs. 6.35 Cr. In 2021, the company entered the waste water recycling market by assuming control of its promoter, M/s Om Ventures, operating business.
EP Biocomposites IPO Price
Type of EP Biocomposites IPO is fixed Price Issue IPO. EP Biocomposites IPO price is Rs. 126 per share. EP Biocomposites provides innovative and user-friendly bio-digester technology licenced from the Defense Research and Development Organization, along with sanitation infrastructure and human waste management solutions and services (DRDO).
EP Biocomposites IPO Lot Size
The lot size for the EP Biocomposites IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or Rs. 126,000).
EP Biocomposites IPO Allotment Date and Listing Date
The shares will be credited to applicants’ demat accounts on 12 Sep 202. EP Biocomposites IPO allotment date is 8 Sep 2022 and EP Biocomposites will listing on 13 Sep 2022.
About EP Biocomposites Limited IPO
Founded in 2020, EP Biocomposites Limited is a manufacturer and supplier of fiber-reinforced polymer (FRP) products for construction and industrial applications that meet customer needs. These products include door shutters, frames, biodigestor tanks, bio toilets, and allied products. In 2021, the company entered the wastewater recycling market, which has a lot of potential.
The company’s main goal is to provide sanitation solutions to people who lack access to toilets as well as to people who do have toilets but have trouble using septic tanks to treat and manage their waste. The company also provides innovative and basic bio-digester technology licenced from the Defence Research and Development Organisation (DRDO) and Industry Interface and Technology Management, operating under the auspices of DRDO, Ministry of Defence, Government of India, for sanitation infrastructure and human waste management solutions and services.
More than 2,00,000 doors were provided by EP Biocomposites Limited, saving thousands of trees, and more than 2,500 Bio toilets were provided to households, reducing open defecation and promoting clean and green environments.
For Fiscal 2022, 2021, and 2020, respectively, the revenue from operations was Rs 805.96, Rs 294.80 lakhs, and Rs 56.81 lakhs.
Promoters of EP Biocomposites IPO
Company promoters Leena Kamat and Rajkumar Kamat.