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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 ₹230.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,170 (65 shares). 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 Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹218 to ₹230 per share |
| Issue Price Final | ₹230 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,78,28,351 shares (aggregating up to ₹640.05 Cr) |
| Fresh Issue | 1,73,91,304 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,04,37,047 shares of ₹10 (aggregating up to ₹240.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,84,07,387 shares |
| Share Holding Post Issue | 9,57,98,691 shares |
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, 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 | Maximum 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%) |
EPACK Durable IPO raises ₹192.02 crore from anchor investors. EPACK Durable IPO Anchor bid date is January 18, 2024. EPACK Durable IPO Anchor Investors list
| Bid Date | January 18, 2024 |
| Shares Offered | 83,48,504 |
| Anchor Portion Size (In Cr.) | 192.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 24, 2024 |
EPACK Durable IPO opens on January 19, 2024, and closes on January 24, 2024.
| IPO Open Date | Fri, Jan 19, 2024 |
| IPO Close Date | Wed, Jan 24, 2024 |
| Tentative Allotment | Thu, Jan 25, 2024 |
| Initiation of Refunds | Mon, Jan 29, 2024 |
| Credit of Shares to Demat | Mon, Jan 29, 2024 |
| Tentative Listing Date | Tue, Jan 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 24, 2024 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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'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 |
| 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 market capitalization of EPACK Durable IPO is ₹2203.37 Cr.
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
| Price to Book Value | 4.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.08 | 0.55 |
| P/E (x) | 56.4 | 415.1 |
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is the second largest RAC, ODM products with innovations and engaged in related services. It has also done backward integration for domestic appliances. After posting growth for the last three fiscals, it marked a minor setback in its top and bottom lines for H1 of FY24 in line with the general trends in the segment. It is on expansion spree to take benefits of revivals in the segment. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | January 30, 2024 |
| BSE Script Code | 544095 |
| NSE Symbol | EPACK |
| ISIN | INE0G5901015 |
| Final Issue Price | ₹230 per share |
| BSE Listing Group | B |
EPACK Durable Ltd.
61-B, Udyog Vihar, Surajpur,
asna Road, Greater Noida,
Gautam Buddha Nagar - 201 306
Gautam Buddha Nagar, Uttar Pradesh
Phone: +91 120 2569078
Email: investors_ed@epack.in
Website: https://epackdurable.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: epack.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
EPACK Durable IPO is a main-board IPO of 2,78,28,351 equity shares of the face value of ₹10 aggregating up to ₹640.05 Crores. The issue is priced at ₹230 per share. The minimum order quantity is 65.
The IPO opens on January 19, 2024, and closes on January 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 January 19, 2024 and closes on January 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 Monday, January 29, 2024. Check the EPACK Durable IPO allotment status.
The EPACK Durable IPO listing date is on Tuesday, January 30, 2024.
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