EPACK Durable Limited IPO Details, date, Review, Price

EPACK Durable Limited IPO Details

OUR BUSINESS

We are the fastest growing room air conditioner original design manufacturer (“ODM”) based on volume growth manufactured between Fiscals 2020 and 2023 in India (Source: F&S Report). Further, we are the second largest ODM manufacturer in the Indian room air conditioner manufacturing market, with a market share of 29% in terms of volume manufactured in Fiscal 2023 (this does not include the units that are imported as kits and gas filling is done in India).

We are a customer-centric business driven by a focus on continuing innovation and operational efficiency. Since 2003, we have been on a journey of evolution, where we initially started as an OEM for RAC brands. Driven by our focus on product development and innovation, we evolved into an ODM partner for RACs for our customers.

EPACK DURABLE LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date February [.], 2024
IPO Close Date February [.], 2024
IPO SizeApprox ₹[.] Crores
IPO Fresh IssueApprox ₹[.] Crores
Offer For SaleApprox ₹[.] Crores
IPO Face Value ₹- Per Equity Share
IPO Price Band[.] to ₹[.]. Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota39.23%
IPO QIB Quota78.78%
IPO NII Quota78.78%
IPO DiscountN/A
DRHP DraftClick Here
RHP DraftClick Here
Anchor InvestorClick Here

EPACK DURABLE LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum6565 Shares₹14,950
Retail Maximum--₹-
S-HNI Minimum-910 Shares₹2,09,300
B-HNI Minimum-4,355 Shares₹10,01,650

OBJECTS OF THE OFFER

Our Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Funding capital expenditure for the expansion / setting up of manufacturing facilities.
2. Repayment and/or prepayment, in part or full, of certain outstanding loans of our Company.
3. General corporate purposes.

EPACK DURABLE LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Price Band Announcement[.]
Anchor Investor Allotment[.]
IPO Open DateJan 19, 2024
IPO Close DateJan 24, 2024
Basis of Allotment[.]
Refunds[.]
Credit to Demat Account[.]
IPO Listing DateJan 30, 2024

EPACK DURABLE LIMITED FINANCIAL REPORT

₹ in Crores
YearRevenueExpensePAT
2023 ₹15,402.53 ₹14,938.44 ₹455.97
2022 ₹9,273.41 ₹9,010.39 ₹263.02
2021 ₹7,396.58 ₹7,287.81 ₹108.77

OUR PROMOTERS

  1.  Bajrang Bothra
  2.  Laxmi Pat Bothra
  3.  Sanjay Singhania
  4.  Ajay DD Singhania

QUALITATIVE FACTOR

Some of the qualitative factors and our strengths which form the basis for computing the Offer Price are:

•Long-standing relationships with established customers, with the potential to expand our customer base.
•Among the largest manufacturers in the fast-growing RAC and SDA manufacturing industries with high entry barriers.
•Advanced vertically integrated manufacturing operations with a product portfolio aimed at capturing the full spectrum of the RAC and SDA value chain.
•Robust product development and design optimization capabilities.
•Experienced Promoters supported by a senior management team with a proven track record of performance.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20234.7144.643
March 31, 20223.473.472
March 31, 20211.621.621
Weighted Average3.783.75

EPACK DURABLE LIMITED COMPANY CONTACT DETAILS

61-B, Udyog Vihar, Surajpur, Kasna Road,
Greater Noida, Gautam Buddha Nagar201 306
Uttar Pradesh, India
Telephone: +91120 256 9077
Website: www.epackdurable.com

EPACK DURABLE LIMITED IPO REGISTAR

KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

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