Epack Prefab Technologies IPO: Issue subscribed 42% so far on Day; GMP at 8%. Should you invest?

Epack Prefab Technologies’ IPO saw 42% subscription on Thursday. The IPO of Rupees 504 crore opened on Wednesday and will close on Friday. The IPO price band is Rupees 194 to Rupees 204 per share. The company plans to use the funds for expansion. The IPO’s grey market premium is around 8%.