IPO Details
Bidding Dates
18 Jan '24 - 22 Jan '24
Minimum Investment
₹14,950 / 1 Lots ( 65 shares )
Price Range
₹218 - ₹230
Maximum Investment
₹194,350 / 13 Lots ( 845 Shares )
Retail Discount
Not Applicable
Issue Size
₹640.05 Cr
Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Jan 18, 2024
Closing Date
Jan 22, 2024
Basis of Allotment
Jan 23, 2024
Initiation of Refunds
Jan 24, 2024
Credit of Shares to Demat
Jan 25, 2024
Listing Date
Jan 28, 2024
Cut-off time for UPI mandate confirmation
Jan 22, 2024
About Company
EPACK Durable Limited is an air conditioner original design manufacturer (ODM) that was incorporated in 2019. The company holds a market share of 29% in terms of volume manufactured in FY23, which makes the company the second-largest ODM manufacturer in the Indian room air conditioner manufacturing market. Since incorporation, the company has expanded its operations from its first facility in Greater Noida to Bhiwadi and Dehradun.
The company earns revenue from selling products, including room air conditioners, small domestic appliances and components like heat exchangers, cross-flow fans, axial fans, sheet metal press parts, etc. The company's customer base includes Blue Star Limited, Daikin Airconditioning India Private Limited, Bajaj Electricals Limited, BSH Household Appliances Manufacturing Private Limited, etc.
The company operates in the consumer durable industry and is expected to witness a CAGR of 13.7% between 2023 and 2028. The industry growth would also be supported by rising household income and discretionary spending, increasing temperature, low cost of production in India, a rise in nuclear households, etc. These qualitative factors may push the demand for the product and help the company generate higher revenue.
EPACK Durable Limited IPO Details
EPACK Durable Limited IPO Date
Retail investors can bid for the EPACK Durable Limited IPO. The issue will be open from January 19, 2024, to January 23, 2024.
EPACK Durable Limited IPO Price Band
EPACK Durable Limited is a mix of fresh issue and an offer-for-sale IPO. The company is planning to issue 1,73,91,304 new shares and raise up to ₹400.00 crore under a fresh issue. It also intends to raise ₹240.05 crore via the issue of 1,04,37,047 shares under offer for sale.
EPACK Durable Limited IPO Lot Size
The lot size of the IPO is 65 shares, and the minimum investment of EPACK Durable Limited IPO will be ₹14,950.
EPACK Durable Limited IPO Objectives
The objectives of EPACK Durable Limited IPO are listed below:
- For financing capital expenditure for the expansion/setting up of manufacturing facilities.
- Repayment and/or prepayment, in part or in full, of certain outstanding loans taken by the company.
- For general corporate purposes.
Peer Details
As per DRHP, there are 4 listed peers whose business portfolio is comparable to the company.
- Amber Enterprises India Ltd.
- PG Electroplast Ltd.
- Dixon Technologies (India) Ltd.
- Elin Electronics Ltd.
How To Check the Allotment Status of the EPACK Durable Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of EPACK Durable Limited IPO
- Registered office: 61-B, Udyog Vihar, Surajpur, Kasna Road, Greater Noida, Gautam Buddha Nagar 201 306, Uttar Pradesh, India
- Phone: +91 120 256 9078
- E-mail:investors_ed@epack.in
Company Financials
| Particulars | Period ending on September 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Total Income | 6,163.22 | 15,402.53 | 9,273.41 | 7,396.58 |
| Profit After Tax (PAT) | 26.54 | 319.72 | 174.34 | 78.03 |
| Total Borrowing | 3,695.74 | 4,924.45 | 3,839.81 | 2,385.57 |
| Net Worth | 4,783.10 | 3,136.18 | 1,218.65 | 689.13 |
| Net Profit Margin | 0.43% | 2.08% | 1.89% | 1.06% |
Know before investing
Strengths
4-
The company maintained a long-standing relationship with established customers, with the potential to expand its customer base. This helped the company in acquiring a decent market share in the industry.
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The company has robust product development and design optimisation capabilities, supported by its product portfolio and ability to provide customised manufacturing solutions to its customers.
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Looking forward, the company will continue to grow operational efficiencies via expansion of its integrated manufacturing capabilities and continued investment in R&D infrastructure.
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The company would also seek to grow its revenue base with existing customers and continue to focus on expanding its customer base.
Risks
4-
The company does not hold a long-term agreement with customers. This leaves room for customers to cancel or change the agreements, and such cancellations or changes may adversely affect its business growth.
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The company is exposed to customer pricing pressure, which may impact its gross margin, profitability and ability to increase prices.
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The company operates a highly capital-intensive business, which requires ample funds to run the business efficiently. Any shortage of funds could hamper the production and, ultimately, the whole business.
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The company’s significant dependence on third parties for the supply of raw materials could hit business if such parties are unable to meet their obligations.
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EPACK Durable Ltd IPO FAQs
EPACK Durable Limited is a mix of fresh issue and an offer-for-sale IPO. The company is planning to issue 1,73,91,304 new shares and raise up to ₹400.00 crore. While it intends to raise ₹240.05 crore via the issue of 1,04,37,047 shares.
The Basis of Allotment will be on January 24, 2024. The credit of shares to demat account will happen on January 25, 2024.
The IPO subscription window will be from January 19, 2024, to January 23, 2024.
Retail investors can apply for a minimum of one lot of 65 shares.
EPACK Durable Limited IPO will be listed on BSE and NSE. The shares will be listed on January 29, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
