EPACK Durable Limited IPO Detail
Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).
The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.
The company has four production facilities in Dehradun, namely Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, and one manufacturing facility at Bhiwadi, Rajasthan, with an annual production capacity as on March 31, 2023 for manufacturing (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits and 0.42 million WACs and (ii) 0.11 million water dispensers, 1.2 million induction hobs and 0.30 million mixers and their components.
As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.
Company Promoters
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania are the company promoters.IPO Details
| IPO Opening Date | Jan 19, 2024 |
| IPO Closing Date | Jan 24, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹218 - 230 per equity share |
| Market Lot | 65 Shares |
| Min Order Quantity | 65 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹640.05 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹240.05 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 0.85x | 1.24x | 0.80x |
| Day 2 | 0.17x | - | - | 8.18x | 3.98x | 3.79x |
| Day 3 | 25.59x | - | - | 29.07x | 6.50x | 16.79x |
IPO Tentative Timetable
The EPACK Durable Limited IPO open date is Jan 19, 2024, and the close date is Jan 24, 2024. The issue may list on Jan 30, 2024.
| IPO Open Date | Jan 19, 2024 |
| IPO Close Date | Jan 24, 2024 |
| Basis of Allotment Date | Jan 25, 2024 |
| Initiation of Refunds | Jan 29, 2024 |
| Credit of Shares to Demat Account | Jan 29, 2024 |
| IPO Listing Date | Jan 30, 2024 |
IPO Lot Size
The EPACK Durable Limited IPO market lot size is 65 shares. A retail-individual investor can apply for up to 13 lots (845 shares or ₹194350).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 65 | ₹14950 |
| Maximum | 13 | 845 | ₹194350 |
IPO Promoter Holding
| Pre Issue Share Holding | 85.49% |
| Post Issue Share Holding | 65.36% |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1076.68 | 927.34 | 17.43 |
| 31-Mar-23 | 1464.16 | 1540.25 | 31.97 |
Objects of the Issue:
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure for the expansion/setting up of manufacturing facilities;
- Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company;
- General corporate purposes.
EPACK Durable Limited IPO Registrar:
KFin Technologies Limited
EPACK Durable Limited IPO Lead Manager(s):
Axis Capital Limited Dam Capital Advisors Ltd ICICI Securities Limited
Company Contact Information:
EPACK Durable Limited
61-B, Udyog Vihar, Surajpur, asna Road, Greater Noida
Noida
Noida
