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Posted on  January 16, 2024 under  by Meghna Mundhra

EPACK Durable IPO Details - Complete Overview of EPACK Durable Limited IPO

EPACK Durable IPO Price: ₹218 - ₹230
IPO Date Range:
Jan 19, 2024 - Jan 23, 2024

EPACK Durable IPO

Foundation & Business Essence

EPACK Durable Limited, founded in 2019, specializes in serving as an original design manufacturer (ODM) exclusively focused on producing room air conditioners (RAC).

Product Portfolio

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.

Market Expansion

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.

Production Infrastructure

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.

Bidding Starts In

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EPACK Durable IPO Specifics:

IPO DateJanuary 19, 2024 to January 23, 2024
Listing DateMonday, January 29, 2024
Face Value₹10 per share
Price Band₹218 to ₹230 per share
Lot Size65 shares
Total Issue Size30,459,194 shares
(aggregating up to ₹700.56 Cr)
Fresh Issue17,391,304 shares
(aggregating up to ₹400.00 Cr)
Offer For Sale 13,067,890 shares of ₹10
(aggregating up to ₹300.56 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue78,407,387
Share holding post issue95,798,691

EPACK Durable IPO Lot Size

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.

ApplicationLotsSharesAmount
Retail (Min)165₹14,950
Retail (Max)13845₹194,350
S-HNI (Min)14910₹209,300
S-HNI (Max)664,290₹986,700
B-HNI (Min)674,355₹1,001,650

EPACK Durable IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

EPACK Durable IPO Timetable (Important Dates)

IPO Open DateFriday, January 19, 2024
IPO Close DateTuesday, January 23, 2024
Basis of AllotmentWednesday, January 24, 2024
Initiation of RefundsThursday, January 25, 2024
Credit of Shares to DematThursday, January 25, 2024
Listing DateMonday, January 29, 2024
Cut-off time for UPI mandate confirmation5 PM on January 23, 2024

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EPACK Durable Limited IPO Financial Information

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 Ended31 Mar 202131 Mar 202231 Mar 202330 Sep 2023
Assets520.371076.681464.161071.45
Revenue739.66927.341540.25616.32
Profit After Tax7.8017.4331.972.65
Net Worth68.91121.87313.62478.31
Total Borrowing238.56383.98492.45369.57
Amount in ₹ Crore

Key Performance Indicator - EPACK Durable IPO

KPIValues
P/E (x)56.4
Market Cap (₹ Cr.)2203.37
ROE14.68
ROCE11.85%
EPS (Rs)4.08
Debt/ Equity1.58
RoNW14.68%

Objects of the Issue:

The company intends to use the net proceeds from the Fresh Issue to finance the following purposes:

  1. Funding capital expenditure for expanding or establishing manufacturing facilities.
  2. Repayment and/or prepayment, either partially or in full, of specific outstanding loans of the company.
  3. Addressing general corporate requirements.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. EPACK Durable DRHP and EPACK Durable RHP.

Frequently Asked Questions

What is an IPO?

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.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "EPACK Durable Limited" IPO?

The price range for the"EPACK Durable Limited" IPO is ₹218 to ₹230 per share.

When will the "EPACK Durable Limited" IPO be listed on the stock exchange?

The "EPACK Durable Limited" IPO is expected to be listed on Monday, 29 January 2024.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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CIN No U74110MH2005PLC157942     |    Member Ship Details     |    BSE-3281     |    NSE-12817     |    MCX-55910     |    DP:IN-DP-CDSL-490-2008     |    DPID:12059100    |    SEBI Regn. No.: INZ000170330     |    Mutual Fund: ARN-77739    |    Research Analyst: registration number INH000014395
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