EPACK Durable IPO: EPACK Durable Limited IPO Details

EPACK Durable Limited, an emerging player in the Original Design Manufacturer (ODM) space for room air conditioners, is set to hit the market with its Initial Public Offering (IPO). Let’s delve into the details of the EPACK Durable IPO, exploring its financials, objectives, and the key metrics that investors need to consider.

IPO Overview:

  • Issue Size: Rs 640.05 crores.
  • Composition: Fresh issue of 1.74 crore shares (Rs 400.00 crores) and offer for sale of 1.04 crore shares (Rs 240.05 crores).
  • Subscription Period: January 19, 2024, to January 23, 2024.
  • Allotment Date: January 24, 2024.
  • Listing Date: January 29, 2024.

Also See: EPACK Durable IPO GMP

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Issue Details:

IPO DateJanuary 19, 2024, to January 23, 2024
Basis of AllotmentJanuary 24, 2024
Listing DateJanuary 29, 2024
Face Value₹10 per share
Price Band₹218 to ₹230 per share
Lot Size65 Shares
Total Issue Size27,828,351 shares (₹640.05 Cr)
Fresh Issue17,391,304 shares (₹400.00 Cr)
Offer for Sale10,437,047 shares (₹240.05 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue78,407,387
Shareholding Post-Issue95,798,691

IPO Reservation:

  • QIB Shares Offered: Not more than 50.00% of the Net offer
  • Retail Shares Offered: Not less than 35.00% of the Offer
  • NII (HNI) Shares Offered: Not less than 15.00% of the Offer

Also Read: Upcoming IPO in India

Lot Size and Investment:

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

Promoter Holding:

  • Promoters: Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania
  • Share Holding Pre-Issue: 85.49%
  • Share Holding Post-Issue: 65.36%

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Objectives of the IPO:

  1. Funding capital expenditure for the expansion/setting up of manufacturing facilities.
  2. Repayment and/or prepayment, in part or in full, of certain outstanding loans.
  3. General corporate purposes.

Financial Performance:

  • Revenue increase (FY 2022-23 vs. FY 2021-22): 66.09%
  • Profit After Tax (PAT) rise: 83.39%
Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax2.6531.9717.437.80
Net Worth478.31313.62121.8768.91
Reserves and Surplus
Total Borrowing369.57492.45383.98238.56
Amount in ₹ Crore
Financial Performance

Also Read: What is IPO?: Benefits of Investing in an IPO

About EPACK Durable Limited:

Established in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) specializing in room air conditioners (RAC). The company also produces components like sheet metal parts, injection molded parts, cross-flow fans, and PCBA components. Expanding into the small domestic appliance (SDA) market, EPACK Durable develops and manufactures induction hobs, blenders, and water dispensers.

Key Performance Indicators (KPI):

Market Cap₹2203.37 Cr
MetricPre IPOPost IPO
EPS (Rs)4.080.55
P/E (x)56.4415.1

Note: Pre-IPO EPS based on Pre-issue shareholding and latest FY earnings (March 31, 2023). Post-Issue EPS based on Post-issue shareholding and annualized FY earnings (September 30, 2023).

Also Read: When Can a Company Go for IPO in India

EPACK Durable IPO Registrar:

Kfin Technologies Limited

EPACK Durable IPO Lead Managers:

  • Axis Capital Limited
  • Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
  • ICICI Securities Limited

EPACK Durable IPO Timeline:

  • IPO Opens: January 19, 2024
  • IPO Closes: January 23, 2024
  • Basis of Allotment: January 24, 2024
  • Refunds Initiation: January 25, 2024
  • Credit of Shares to Demat: January 25, 2024
  • Listing Date: January 29, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on January 23, 2024

Investors are encouraged to carefully assess the prospectus, financials, and market conditions before participating in the EPACK Durable IPO. The company’s growth trajectory, market presence, and future plans make it an intriguing opportunity for potential investors.

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