EPACK Durable IPO Review

 
EPACK Durable IPO Review

IPO Open Date: January 19, 2024

IPO Close Date: January 23, 2024

IPO Price: ₹218 to ₹230 per share

Lot Size: 65 Shares

Listing: January 29, 2024

EPACK Durable is scheduled to hit the market on January 19, 2024 and close on January 23, 2024. EPACK Durable plans to raise around ₹640.05 Cr through an IPO with a sale of up to 27,828,351 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in 2019, EPACK Durable Limited specializes as an Original Design Manufacturer (ODM) for room air conditioners (RAC). Beyond RAC production, the company manufactures essential components like sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components crucial for RAC assembly.

Recognizing the seasonal nature of RAC demand, EPACK Durable has diversified its offerings into the small domestic appliance (SDA) sector. Currently, the company is actively developing and manufacturing products such as induction hobs, blenders, and water dispensers.

EPACK Durable


EPACK Durable IPO Details

EPACK Durable IPO opens on Jan 19, 2024, and closes on Jan 23, 2024. The Listing date for EPACK Durable IPO is on Jan 29, 2024. The price band for IPO is ₹218 to ₹230 per share and lot size of 65 Shares.

IPO DateJan 19, 2024 to Jan 23, 2024
Listing DateJan 29, 2024
Price₹218 to ₹230 per share
Lot Size65 Shares
Issue Size₹640.05 Cr
Face Value₹10 per share

EPACK Durable IPO Tentative Timetable

EPACK Durable opening date is January 19, 2024 and close date is January 23, 2024. The IPO allotment date is January 24, 2024. The refund initiation of IPO is on January 25, 2024. The credit of shares in demat account is on January 25, 2024. The listing date is on January 29, 2024.

EventDate
IPO OpeningJan 19, 2024
IPO ClosingJan 23, 2024
IPO Allotment DateJan 24, 2024
Refund InitiationJan 25, 2024
Shares Credit to DematJan 25, 2024
Lisiting DateJan 29, 2024

EPACK Durable IPO Lot Size

Lot Size of this IPO is 65 shares. A retail-individual investor can apply for up to 13 lots (845 shares or ₹194,350).

CategoryLotsSharesAmount
Retail(Minimum)165₹14,950
Retail(Maximum)13845₹194,350
S-HNI (Minimum)14910₹209,300
B-HNI (Minimum)674355₹1,001,650

EPACK Durable IPO Promoter Holding

Pre Issue Share Holding98.39%
Post Issue Share Holding65.36%

EPACK Durable IPO Review

EPACK Durable Limited showcases a robust manufacturing footprint with four state-of-the-art production facilities located in Dehradun—namely Dehradun Unit I, II, III, and IV—and an additional manufacturing unit situated in Bhiwadi, Rajasthan. These facilities collectively boast an impressive annual production capacity. Specifically, as of March 31, 2023, the company's production capabilities encompass 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits, and 0.42 million WACs. Moreover, their production range extends to 0.11 million water dispensers, 1.2 million induction hobs, and 0.30 million mixers and associated components. This expansive manufacturing infrastructure positions EPACK Durable as a significant player in the durable goods sector, poised to cater to diverse market demands.

From a financial perspective, EPACK Durable Limited has demonstrated commendable growth momentum over recent fiscal years. The company registered a noteworthy 66.09% surge in revenue and an even more striking 83.39% increase in profit after tax (PAT) between FY 2022 and FY 2023. Such robust financial performance is indicative of the company's operational efficiency, strategic market positioning, and adept management practices. However, it's worth noting a concurrent increase in total borrowing, suggesting a potential emphasis on leveraging external financing for growth. Key performance indicators such as Return on Equity (ROE), Return on Capital Employed (ROCE), and Return on Net Worth (RoNW) further underscore EPACK Durable's financial resilience and profitability.

The impending IPO of EPACK Durable Limited is poised to leverage the capital markets to fortify its growth trajectory. The proposed utilization of the IPO proceeds elucidates a clear strategic intent. Allocating resources towards capital expenditure for expanding or establishing new manufacturing facilities underscores the company's vision for scaling production capacities and widening its product portfolio. Simultaneously, the focus on repaying or prepaying outstanding loans signifies a commitment to optimizing the company's capital structure, potentially reducing interest burdens, and enhancing financial flexibility. Lastly, directing funds towards general corporate purposes provides EPACK Durable with the requisite liquidity to navigate evolving market dynamics, invest in R&D, explore strategic collaborations, and foster sustainable growth in the competitive durable goods landscape.

EPACK Durable IPO Subscription Status (Bidding Details)

Table not found

EPACK Durable IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

EPACK Durable IPO FAQs

What is EPACK Durable IPO?

EPACK Durable is issuing 27,828,351 equity shares with a face value of ₹10 each, totaling up to ₹640.05 Cr. The shares are being offered at a price of ₹218 to ₹230 each, with a minimum order quantity of 65 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When EPACK Durable IPO will open?

EPACK Durable will open on January 19, 2024 for QIB, NII, and Retail Investors.

When EPACK Durable IPO will end?

EPACK Durable will end on January 23, 2024.

What is EPACK Durable IPO Size?

EPACK Durable IPO size is ₹640.05 Cr.

What is EPACK Durable IPO Price Band?

EPACK Durable price band is ₹218 to ₹230 per share.

What is the EPACK Durable IPO Allotment Date?

EPACK Durable allotment date is January 24, 2024.

What is the EPACK Durable IPO Listing Date?

EPACK Durable listing date is January 29, 2024. The IPO is to be listed on BSE and NSE.

How to EPACK Durable IPO through Zerodha?

To apply for the IPO “EPACK Durable” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply EPACK Durable IPO through Upstox?

To apply for the IPO “EPACK Durable” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check EPACK Durable IPO Allotment Status?

For EPACK Durable IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is EPACK Durable IPO GMP?

You can check out here: EPACK Durable IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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