EPACK Durable IPO is a book built issue of Rs 640.05 crores. The issue is a combination of fresh issue of 1.74 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 240.05 crores.
EPACK Durable IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. The allotment for the EPACK Durable IPO is expected to be finalized on Wednesday, January 24, 2024. EPACK Durable IPO will list on BSE, NSE with tentative listing date fixed as Monday, January 29, 2024.
EPACK Durable IPO price band is set at ₹218 to ₹230 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (910 shares), amounting to ₹209,300, and for bNII, it is 67 lots (4,355 shares), amounting to ₹1,001,650.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and ICICI Securities Limited are the book running lead managers of the EPACK Durable IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to EPACK Durable IPO RHP for detailed information.
EPACK Durable IPO Details
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹218 to ₹230 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 27,828,351 shares (aggregating up to ₹640.05 Cr) |
| Fresh Issue | 17,391,304 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 10,437,047 shares of ₹10 (aggregating up to ₹240.05 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 |
EPACK Durable IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
EPACK Durable IPO Timeline (Tentative Schedule)
EPACK Durable IPO opens on January 19, 2024, and closes on January 23, 2024.
| 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 |
EPACK Durable IPO Lot Size
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
EPACK Durable IPO Promoter Holding
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania are the company promoters.
| Share Holding Pre Issue | 85.49% |
| Share Holding Post Issue | 65.36% |
About EPACK Durable Limited
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.
EPACK Durable Limited Financial Information (Restated)
EPACK Durable Limited’s revenue increased by 66.09% and profit after tax (PAT) rose by 83.39% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,071.45 | 1,464.16 | 1,076.68 | 520.37 |
| Revenue | 616.32 | 1,540.25 | 927.34 | 739.66 |
| Profit After Tax | 2.65 | 31.97 | 17.43 | 7.80 |
| Net Worth | 478.31 | 313.62 | 121.87 | 68.91 |
| Reserves and Surplus | ||||
| Total Borrowing | 369.57 | 492.45 | 383.98 | 238.56 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of EPACK Durable IPO is Rs 2203.37 Cr.
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
| P/BV | 4.98 |
Check EPACK Durable IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.08 | 0.55 |
| P/E (x) | 56.4 | 415.1 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (EPACK Durable IPO Objectives)
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 Contact Details
EPACK Durable Limited
61-B, Udyog Vihar, Surajpur,
asna Road, Greater Noida,
Gautam Buddha Nagar – 201 306
Phone: +91 120 2569078
Email: investors_ed@epack.in
Website: https://epackdurable.com/
EPACK Durable IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: epack.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/