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 IPO – Details
| IPO Opening Date | 19 January 2024 |
| IPO Closing Date | 24 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,78,28,351 Shares Worth ₹640.05 Crore Fresh Issue: 1,73,91,304 Shares Worth ₹400 Crore Offer For Sale: 1,04,37,047 Shares Worth ₹240.05 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹218 – ₹230 |
| Market Lot | 65 Shares |
| Min Order | 65 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
EPACK Durable IPO – Date Schedule
| IPO Open Date | 19 January 2024 |
| IPO Close Date | 24 January 2024 |
| Basis of Allotment Date | 25 January 2024 |
| Initiation of Refund | 29 January 2024 |
| Credit of Shares to Demat Account | 29 January 2024 |
| IPO Listing Date | 30 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 24 January 2024 |
EPACK Durable IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | 14,950 |
| Retail (Max) | 13 | 845 | 1,94,350 |
| S-HNI (Min) | 14 | 910 | 2,09,300 |
| S-HNI (Max) | 66 | 4290 | 9,86,700 |
| B-HNI (Min) | 67 | 4355 | 10,01,650 |
Competitive Strengths
- Long-standing relationships with established customers, with potential to expand their customer base;
- Among the key manufacturers in the fast-growing room air conditioners (“RAC”) and small domestic appliances (“SDA”) manufacturing industries;
- Advanced vertically integrated manufacturing operations with product portfolio aimed at capturing the full spectrum of the RAC and SDA value chain;
- Robust product development and design optimisation capabilities;
- Experienced Promoters supported by senior management team with proven track record of performance.
Company Promoters
- Bajrang Bothra
- Laxmi Pat Bothra
- Sanjay Singhania
- Ajay DD Singhania
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 739.65 | 728.78 | 7.80 | 238.56 |
| 31 March 2022 | 927.34 | 901.03 | 17.43 | 383.98 |
| 31 March 2023 | 1540.25 | 1493.84 | 31.97 | 492.45 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 9.20% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
Object Of The Issue
- 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 IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Amber Enterprises India Ltd | 66.28 |
| 2 | 10 | PG Electroplast Limited | 67.27 |
| 3 | 2 | Dixon Technologies (India) Ltd | 139.96 |
| 4 | 5 | Elin Electronics Ltd | 24.28 |
EPACK Durable IPO Promoter Holding
| Pre Issue Share Holding | 65.36% |
| Post Issue Share Holding | 48.09% |
EPACK Durable IPO Prospectus
- EPACK Durable IPO DRHP
- EPACK Durable IPO RHP
Company Contact Information
| 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/ |
EPACK Durable IPO Lead Manager(s)
| 1. Axis Capital Limited 2. ICICI Securities Limited 3. Dam Capital Advisors Ltd |
EPACK Durable IPO FAQs
| What is EPACK Durable IPO? EPACK Durable IPO is a main-board IPO. The issue is priced at ₹218 to ₹230 per equity share. The IPO is to be listed on BSE & NSE. |
| When EPACK Durable IPO will open? The IPO is to open on 19 January 2024 for QIB, NII, and Retail Investors. |
| What is EPACK Durable IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the EPACK Durable IPO? You can apply EPACK Durable IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the EPACK Durable IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “EPACK Durable”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the EPACK Durable IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “EPACK Durable“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the EPACK Durable IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “EPACK Durable”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the EPACK Durable IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “EPACK Durable”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is EPACK Durable IPO Size? EPACK Durable IPO size is ₹640.05 Crore. |
| What is EPACK Durable IPO Price Band? EPACK Durable IPO Price Band is ₹218 to ₹230. |
| What is EPACK Durable IPO Minimum and Maximum Lot Size? The minimum bid is 65 Shares with ₹14,950 amount while the maximum bid is 845 Shares with ₹1,94,350. |
| What is the EPACK Durable IPO Allotment Date? EPACK Durable IPO allotment date is 25 January 2024. |
| What is the EPACK Durable IPO Listing Date? EPACK Durable IPO listing date is 30 January 2024. The IPO is to list on BSE and NSE. |
