What you must know about EPACK Durable IPO?
by 5paisa Research Team
15 Jan 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 30-Jan-24
- IPO Price Range ₹218
- Listing Price ₹225
- Listing Change -2.2 %
- Last Traded Price ₹462.25
- Current Change 101.0 %
Epack Durable IPO Details
- Open Date 19-Jan-24
- Close Date 24-Jan-24
- Lot Size 65
- IPO Size ₹ 640.05 Cr
- IPO Price Range ₹ 218 to ₹ 230
- Min Investment ₹ 14170
- Listing Exchange BSE, NSE
- Basis of Allotment 25-Jan-24
- Refunds 29-Jan-24
- Credit to Demat Account 29-Jan-24
- Listing Date 30-Jan-24
Epack Durable IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jan-24 | 0.01 | 0.85 | 1.24 | 0.80 |
| 23-Jan-24 | 0.17 | 8.18 | 3.98 | 3.79 |
| 24-Jan-24 | 25.59 | 29.07 | 6.50 | 16.79 |
Epack Durable IPO Synopsis
EPACK Durable Limited IPO is all set to open from 19th January to 24th January 2024. EPACK Durable operates as a room air conditioner original design manufacturer ODM. The IPO includes a fresh issue of 17,391,304 shares worth ₹400 cr and an Offer-for-Sale (OFS) of 10,437,047 equity shares worth ₹240.05 cr. The total IPO size is ₹640.05 cr. The share allotment date is 25th January 2024, and the IPO will be listed on 30th January 2024 on the stock exchanges. The price band is ₹218 to ₹230 and the lot size is 65 shares.
Axis Capital Limited, DAM Capital Advisors Limited, and ICICI Securities Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of EPACK Durable IPO:
EPACK Durable Limited plans to utilize the raised capital from the IPO to:
● To fulfill working capital requirements for the expansion/setting up of manufacturing facilities.
● To repay or prepay outstanding borrowings availed by the company.
● General corporate purposes.
EPACK Durable IPO Video:
About Epack Durable
Incorporated in 2019, EPACK Durable Limited is the second largest room air conditioner original design manufacturer (ODM) in the country by units as of FY23. The company also makes a variety of different components including sheet metal, injection moulded, cross-flow fans and PCBA components used in making RACs in addition to induction cooktops, mixer grinders, and water dispensers. It is also expanding its operations in the small domestic appliances (SDA) market.
EPACK Durable’s product portfolio is spread in three categories:
● Room air conditioners: It includes designing and making complete RACs (i) window air conditioners (WACs), including window inverter air conditioners, (ii) indoor units (IDUs) and (iii) outdoor units (ODUs)
● Small domestic appliances: It includes designing and making induction cooktops, mixer-grinders, and water dispensers
● Components: Makes heat exchangers, cross flow fans, axial fans, sheet metal press parts, injection moulded components, copper fabricated products, PCBAs, universal motors and induction coils for captive consumption
Peer Comparison:
● Amber Enterprises India Limited
● PG Electroplast Limited
● Dixon Technologies (India) Limited
● Elin Electronics Limited
For More Information:
Webstory on EPACK Durable IPO
Epack Durable Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1538.83 | 924.16 | 736.24 |
| EBITDA | 102.52 | 68.80 | 42.03 |
| PAT | 31.97 | 17.43 | 7.80 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1464.15 | 1076.67 | 520.36 |
| Share Capital | 52.08 | 52.08 | 48.12 |
| Total Borrowings | 1150.53 | 954.81 | 451.45 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 18.83 | -28.94 | 47.42 |
| Net cash from / (used in) investing activities | -217.50 | -204.19 | -6.69 |
| Net cash flow from / (used in) financing activities | 234.54 | 234.54 | -42.54 |
| Net increase (decrease) in cash and cash equivalents | 35.87 | 20.41 | -1.81 |
Epack Durable IPO Key Points
-
Strengths
1. The company has long-standing relationships with established customers and has good expansion chances too.
2. It is also one of the key manufacturers in the fast-growing RAC and SDA manufacturing industries.
3. The company has advanced vertically integrated manufacturing operations with a vast product portfolio.
4. It has robust product development and design optimization capabilities.
5. Well-experienced management team.
-
Risks
1. The company is subject to precise technical specifications and quality requirements.
2. Operates in a significantly competitive market.
3. High working capital requirements.
4. Pricing pressure from customers can have an impact on the company.
5. Exposed to foreign currency exchange rate fluctuations.
Epack Durable
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Epack Durable IPO FAQs
When does the EPACK Durable IPO opens and closes?
EPACK Durable IPO opens from 19th January to 23rd January 2024.
What is the size of the EPACK Durable IPO?
The EPACK Durable IPO size is ₹640.05 cr.
How to apply for the EPACK Durable IPO?
To apply for EPACK Durable IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the EPACK Durable IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the EPACK Durable IPO?
The GMP value of every IPO changes daily. To view today's GMP of EPACK Durable IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of EPACK Durable IPO?
The price band of EPACK Durable IPO is fixed at ₹218 to ₹230 per share.
What is the minimum lot size and investment required for the EPACK Durable IPO?
The minimum lot size of of EPACK Durable IPO is 65 shares and the investment required is ₹14,170.
What is the allotment date of the EPACK Durable IPO?
The share allotment date of EPACK Durable IPO is 24th January 2024.
What is the EPACK Durable IPO listing date?
The EPACK Durable IPO will be listed on 29th January 2024.
Who are the book runners for the EPACK Durable IPO?
Axis Capital Limited, DAM Capital Advisors Limited, and ICICI Securities Limited are the book-running lead managers for EPACK Durable IPO.
What is the objective of the EPACK Durable IPO?
EPACK Durable Limited plans to utilize the raised capital from the IPO to:
1. To fulfill working capital requirements for the expansion/setting up of manufacturing facilities.
2. To repay or prepay outstanding borrowings availed by the company.
3. General corporate purposes.
Contact Details of Epack Durable IPO
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: epack.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Epack Durable IPO Lead Manager
Axis Capital Limited
ICICI Securities Limited
Dam Capital Advisors Ltd (IDFC Securities)
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