Bookbuilding IPO | ₹640 Cr | Listed at BSE, NSE | Fri, Jan 19, 2024 - Wed, Jan 24, 2024
EPACK Durable IPO is a book build issue of ₹640.05 crores. The issue is a combination of fresh issue of 1.74 crore shares aggregating to ₹400.00 crores and offer for sale of 1.04 crore shares aggregating to ₹240.05 crores.
EPACK Durable IPO bidding started from Jan 19, 2024 and ended on Jan 24, 2024. The allotment for EPACK Durable IPO was finalized on Jan 25, 2024. The shares got listed on BSE, NSE on Jan 30, 2024.
EPACK Durable IPO price band is set at ₹230 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,950 (65 shares) (based on upper price). The lot size investment for sNII is 14 lots (910 shares), amounting to ₹2,09,300, and for bNII, it is 67 lots (4,355 shares), amounting to ₹10,01,650.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to EPACK Durable IPO RHP for detailed Information.
IPO Open
Fri, Jan 19, 2024
IPO Close
Wed, Jan 24, 2024
Issue Price
₹230 per share
Market Cap (Pre-IPO)
₹2,203.37 Cr
| IPO Date | 19 to 24 Jan, 2024 |
| Listed on | Tue, Jan 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹218 to ₹230 |
| Issue Price | ₹230 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,78,28,351 shares (agg. up to ₹640 Cr) |
| Fresh Issue | 1,73,91,304 shares (agg. up to ₹400 Cr) |
| Offer for Sale | 1,04,37,047 shares of ₹10 (agg. up to ₹240 Cr) |
| Share Holding Pre Issue | 7,84,07,387 shares |
| Share Holding Post Issue | 9,57,98,691 shares |
| BSE Script Code / NSE Symbol | 544095 / EPACK |
| ISIN | INE0G5901015 |
EPACK Durable IPO offers total 2,78,28,351 shares. Out of which 1,39,14,175 (50.00%) allocated to QIB, 55,65,671 (20.00%) allocated to QIB (Ex- Anchor), 41,74,253 (15.00%) allocated to NII 97,39,923 (35.00%) allocated to RII and 83,48,504 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,39,14,175 (50.00%) | NA |
| − Anchor Investor Shares Offered | 83,48,504 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 55,65,671 (20.00%) | NA |
| NII (HNI) Shares Offered | 41,74,253 (15.00%) | NA |
| − bNII > ₹10L | 27,82,835 (10.00%) | 3,058 |
| − sNII < ₹10L | 13,91,418 (5.00%) | 1,529 |
| Retail Shares Offered | 97,39,923 (35.00%) | 1,49,844 |
| Total Shares Offered | 2,78,28,351 (100.00%) |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| 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 | 4,290 | ₹9,86,700 |
| B-HNI (Min) | 67 | 4,355 | ₹10,01,650 |
EPACK Durable IPO raises ₹192.02 crore from anchor investors. EPACK Durable IPO Anchor bid date is January 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 18, 2024 |
| Shares Offered | 83,48,504 |
| Anchor Portion (₹ Cr.) | 192.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 24, 2024 |
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.
| 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 |
| Total Income | 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 |
| Total Borrowing | 369.57 | 492.45 | 383.98 | 238.56 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the expansion / setting up of manufacturing facilities (total of i+ii+iii) | 230.00 |
| 2 | Funding capital expenditure requirements for setting up of a manufacturing facility in Sri City, Andhra Pradesh | 105.25 |
| 3 | Purchase of equipment for the Bhiwadi Manufacturing Facility | 14.14 |
| 4 | Repayment and/or prepayment, in part or in full, of certain outstanding loans of the Company | 80.00 |
| 5 | General corporate purposes | 69.68 |
| KPI | |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
| PAT Margin | 2.08% |
| Price to Book Value | 4.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.08 | 0.55 |
| P/E (x) | 56.4 | 415.1 |
| Promoter Holding | 85.49% | 65.36% |
| Market Cap | ₹2,203.37 Cr. |
The EPACK Durable IPO is subscribed 16.79 times on January 24, 2024 7:02:00 PM (Day 3). The public issue subscribed 6.5 times in the retail category, 25.59 times in the QIB category, and 29.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 25.59 | 55,65,670 | 14,24,22,020 |
| NII | 29.07 | 41,74,253 | 12,13,29,780 |
| bNII (bids above ₹10L) | 31.6 | 28,82,835 | 9,10,84,695 |
| sNII (bids below ₹10L) | 21.74 | 13,91,418 | 3,02,45,085 |
| Retail | 6.5 | 97,39,923 | 6,33,42,825 |
| Total | 16.79 | 1,94,79,846 | 32,70,94,625 |
Total Application : 8,49,840
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 14.40 |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders using the UPI Mechanism) procured by the Members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Banks for Bids made by RIBs | 1.63 |
| 3 | Selling commission and uploading charges payable to Members of the Syndicate (including their Sub-Syndicate Member), RTAs, CDPs and Registered Brokers | |
| 4 | Processing fees payable to the Sponsor Banks | |
| 5 | Fees payable to Registrar to the Offer | |
| 6 | Printing and stationery expenses | 1.40 |
| 7 | Advertising and marketing expenses | 3.08 |
| 8 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses | 2.82 |
| 9 | Fees payable to Legal Counsels | 3.10 |
| 10 | Fees payable to the other advisors to the Offer-Auditors | 2.30 |
| 11 | Fees payable to the Independent chartered accountan | 0.35 |
| 12 | Fees payable to the Industry expert | 0.28 |
| 13 | Fees payable to the Chartered engineer | 0.01 |
| 14 | Fees payable to the Project Report Provider | 0.05 |
| 15 | Fees payable to the Secretarial and corporate advisors | 0.97 |
| 16 | Other expenses | 2.11 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹230.00 | ₹230.00 |
| Open | ₹225.00 | ₹221.00 |
| Low | ₹205.70 | ₹206.20 |
| High | ₹225.00 | ₹224.50 |
| Last Trade | ₹207.70 | ₹207.60 |
Lead Manager Reports
EPACK Durable IPO is a main-board IPO of 2,78,28,351 equity shares of the face value of ₹10 aggregating up to ₹640 Crores. The issue is priced at ₹230 per share. The minimum order quantity is 65.
The IPO opens on Fri, Jan 19, 2024, and closes on Wed, Jan 24, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in EPACK Durable IPO using UPI as a payment gateway. Zerodha customers can apply in EPACK Durable IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EPACK Durable IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EPACK Durable IPO opens on Fri, Jan 19, 2024 and closes on Wed, Jan 24, 2024.
EPACK Durable IPO lot size is 65, and the minimum amount required for application is ₹14,950.
You can apply in EPACK Durable IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for EPACK Durable IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Mon, Jan 29, 2024. Check the EPACK Durable IPO allotment status.
The EPACK Durable IPO listing date is on Tue, Jan 30, 2024.
