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EPACKPEB — Epack Prefab Technologies News Story

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IndustrialsHighly SpeculativeSmall CapMomentum Trap

India's EPack Prefab Technologies drops 8.8% in trading debut

** Shares of EPack Prefab Technologies EPAK.NS drop 8.8% in trading debut against issue price of 204 rupees

** Construction and infrastructure co's 5.04 bln rupees  ($56.85 mln) IPO subscribed 3.07x

** IPO comprised fresh issue of shares worth 3 bln rupees and offer for sale worth 2.04 bln rupees

** EPAK valued at 18.69 bln rupees as of 1:31 p.m. IST

($1 = 88.6530 Indian rupees)

 (Reporting by Rudra Singh)

 ((RudraPratap.Singh@thomsonreuters.com;))

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