The EPACK Durable date has been confirmed from January 19, 2024 and closes on January 24, 2024.
EPACK Durable Developers IPO is a fixed price issue of Rs 640.05 crores. The 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.
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Bidding Dates
January 19-24
Price Range
₹218 to ₹230 per share
Face Value
₹10 per share
GMP
₹6
EPACK Durable IPO GMP
The EPACK Durable IPO GMP is ₹6.
IPO Overview
EPACK Durable IPO is a book-built issuance worth Rs 640.05 crore. The offering consists of a fresh issue of 1.74 crore shares valued at Rs 400.00 crores and an offer for sale of 1.04 crore shares valued at Rs 240.05 crores. EPACK Durable’s initial public offering (IPO) begins on January 19, 2024 and ends on January 23, 2024. The allotment for the EPACK Durable IPO is expected to be completed on Wednesday, January 24, 2024. EPACK Durable IPO will list on the BSE and NSE, with a tentative listing date of Monday, January 29, 2024.
The EPACK Durable IPO price range is established at ₹218 to ₹230/share. The minimum lot size for an application is 65 shares. The minimum investment for retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (910 shares) worth ₹209,300, while for bNII, it is 67 lots (4,355 shares) for ₹1,001,650.
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 Limited Financial Information
| 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 | ||||
EPACK Durable IPO Timeline
| 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 |
Company Profile
EPACK Durable Limited, founded in 2019, is an original design manufacturer (ODM) of room air conditioners (RAC). The company also produces sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are utilised in the fabrication of RACs. The company has grown into the small domestic appliance (SDA) industry, owing to seasonal demand for RACs, and is actively designing and manufacturing 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 in Bhiwadi, Rajasthan, with an annual production capacity of (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 of March 31, 2023.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | epack.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | EPACK Durable Limited |
| Phone number | +91 120 2569078 |
| Email ID | investors_ed@epack.in |
| Website | epackdurable.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
