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EPACK Durable IPO is a book built issue of Rs 640.05 crores. The issue is a combination of fresh issue of 1.74 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 240.05 crores.
EPACK Durable IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for EPACK Durable IPO was finalized on Thursday, January 25, 2024. The shares got listed on BSE, NSE on January 30, 2024.
EPACK Durable IPO 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.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and ICICI Securities Limited are the book running lead managers of the EPACK Durable IPO, while Kfin Technologies Limited is the registrar for 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 |
| 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 IPO offers 27,828,350 shares. 5,565,670 (20.00%) to QIB, 4,174,253 (15.00%) to NII, 9,739,923 (35.00%) to RII and 8,348,504 (30.00%) to Anchor investors. 149,844 RIIs will receive minimum 65 shares and 1,529 (sNII) and 3,167 (bNII) will receive minimum 910 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,348,504 (30.00%) | NA |
| QIB Shares Offered | 5,565,670 (20.00%) | NA |
| NII (HNI) Shares Offered | 4,174,253 (15.00%) | |
| bNII > ₹10L | 2,882,835 (10.36%) | 3,167 |
| sNII < ₹10L | 1,391,418 (5.00%) | 1,529 |
| Retail Shares Offered | 9,739,923 (35.00%) | 149,844 |
| Total Shares Offered | 27,828,350 (100%) |
EPACK Durable IPO raises Rs 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 | 8,348,504 |
| 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 | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,950 |
| Retail (Max) | 13 | 845 | ₹194,350 |
| S-HNI (Min) | 14 | 910 | ₹209,300 |
| S-HNI (Max) | 66 | 4,290 | ₹986,700 |
| B-HNI (Min) | 67 | 4,355 | ₹1,001,650 |
| Lot Size Calculator | |||
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania are the company promoters.
| Share Holding Pre Issue | 85.49% |
| Share Holding Post Issue | 65.36% |
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 |
| 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 |
| Total Borrowing | 369.57 | 492.45 | 383.98 | 238.56 |
| Amount in ₹ Crore | ||||
The market capitalization of EPACK Durable IPO is Rs 2203.37 Cr.
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
| P/BV | 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...
The EPACK Durable IPO is subscribed 16.79 times on January 24, 2024 7:02:00 PM. The public issue subscribed 6.50 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) |
|---|---|
| QIB | 25.59 |
| NII | 29.07 |
| bNII (bids above ₹10L) | 31.60 |
| sNII (bids below ₹10L) | 21.74 |
| Retail | 6.50 |
| Total | 16.79 |
Total Application : 849,840 (5.67 times)
| Listing Date | January 30, 2024 |
| BSE Script Code | 544095 |
| NSE Symbol | EPACK |
| ISIN | INE0G5901015 |
| Final Issue Price | ₹230 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹230.00 |
| ₹225.00 |
| ₹205.70 |
| ₹225.00 |
| ₹207.70 |
| NSE |
|---|
| ₹230.00 |
| ₹221.00 |
| ₹206.20 |
| ₹224.50 |
| ₹207.60 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: epack.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
EPACK Durable IPO is a main-board IPO of 27,828,351 equity shares of the face value of ₹10 aggregating up to ₹640.05 Crores. The issue is priced at ₹218 to ₹230 per share. The minimum order quantity is 65 Shares.
The IPO opens on January 19, 2024, and closes on January 24, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹14,950.
You can apply in EPACK Durable IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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