EPACK Durable IPO Price: ₹218 - ₹230
IPO Date Range: Jan 19, 2024 - Jan 23, 2024
EPACK Durable Limited, founded in 2019, specializes in serving as an original design manufacturer (ODM) exclusively focused on producing room air conditioners (RAC).
In addition to being an Original Design Manufacturer (ODM) for room air conditioners (RAC), EPACK Durable Limited broadens its scope by producing essential components vital for RAC manufacturing. These components include sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components, all of which play integral roles in the production of high-quality RACs.
Recognizing the seasonal nature of RAC demand, EPACK Durable Limited strategically expands its business ventures into the small domestic appliance (SDA) market. This diversification is aimed at capitalizing on market trends and enhancing the company's overall competitiveness. Currently, the company is actively engaged in the development and manufacturing of various SDA products, including induction hobs, blenders, and water dispensers.
This strategic move not only leverages the company's existing expertise but also positions EPACK Durable Limited to cater to a broader consumer base, ensuring sustained growth and adaptability to market dynamics.
EPACK Durable Limited operates five production facilities strategically distributed between Dehradun and Bhiwadi, Rajasthan. These include Dehradun Units I, II, III, and IV, each playing a crucial role in the company's manufacturing operations. The additional facility in Bhiwadi, Rajasthan, serves as a complementary asset, enhancing overall production capabilities.
Collectively, this robust production infrastructure and capacity make EPACK Durable Limited well-equipped to navigate the demands of both the air conditioning and small domestic appliance sectors, ensuring a competitive edge in the market.
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹218 to ₹230 per share |
| Lot Size | 65 shares |
| Total Issue Size | 30,459,194 shares (aggregating up to ₹700.56 Cr) |
| Fresh Issue | 17,391,304 shares (aggregating up to ₹400.00 Cr) |
| Offer For Sale | 13,067,890 shares of ₹10 (aggregating up to ₹300.56 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 78,407,387 |
| Share holding post issue | 95,798,691 |
Investors have the option to bid for a minimum of 65 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,950 |
| Retail (Max) | 13 | 845 | ₹194,350 |
| S-HNI (Min) | 14 | 910 | ₹209,300 |
| S-HNI (Max) | 66 | 4,290 | ₹986,700 |
| B-HNI (Min) | 67 | 4,355 | ₹1,001,650 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
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EPACK Durable Limited witnessed a notable financial growth, with a 66.09% increase in revenue and an 83.39% rise in profit after tax (PAT) between the financial years ending on March 31, 2023, and March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 520.37 | 1076.68 | 1464.16 | 1071.45 |
| Revenue | 739.66 | 927.34 | 1540.25 | 616.32 |
| Profit After Tax | 7.80 | 17.43 | 31.97 | 2.65 |
| Net Worth | 68.91 | 121.87 | 313.62 | 478.31 |
| Total Borrowing | 238.56 | 383.98 | 492.45 | 369.57 |
| KPI | Values |
|---|---|
| P/E (x) | 56.4 |
| Market Cap (₹ Cr.) | 2203.37 |
| ROE | 14.68 |
| ROCE | 11.85% |
| EPS (Rs) | 4.08 |
| Debt/ Equity | 1.58 |
| RoNW | 14.68% |
The company intends to use the net proceeds from the Fresh Issue to finance the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. EPACK Durable DRHP and EPACK Durable RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"EPACK Durable Limited" IPO is ₹218 to ₹230 per share.
The "EPACK Durable Limited" IPO is expected to be listed on Monday, 29 January 2024.
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