Transrail Lighting Limited IPO...
19 Dec 2024
EPACK Durable Limited IPO
EPACK Durable Ltd. (EDL) is the second largest room air conditioner original design manufacturer ("ODM '') in India in terms of number of units manufactured in Fiscal 2023 through the ODM route. It is a customer-centric business driven by a focus on continuing innovation and operational efficiency. Since 2003, EDL has been on a journey of evolution, where it initially started as an OEM for RAC brands. Driven by its focus on product development and innovation, the company evolved into an ODM partner for RACs for its customers.
It also identified the opportunity to increase value addition in its offerings to customers and accordingly, started manufacturing of various components such as sheet metal, injection molded, cross flow fans and PCB components which are actively used in the manufacturing of RACs. The company capitalized on its existing manufacturing infrastructure to strategically expand operations in the small domestic appliances (''SDA") market, particularly considering the seasonality of the demand for RACs, and currently design and manufacture induction cooktops, mixer-grinders, and water dispensers.
EPACK Durable IPO Overview
| Detail | Description |
|---|---|
| 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 Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
EPACK Durable IPO Lot Size
| 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 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
EPACK Durable IPO Reservation
| 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 Promoter Holding
| Share Holding Pre Issue | 85.49% |
| Share Holding Post Issue | 65.36% |
EPACK Durable IPO Anchor Investors Details
| 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 |
Company & Financials
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 molded 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.
EPACK Durable Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of EPACK Durable IPO
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objectives:
- 1. Funding capital expenditure for the expansion/setting up of manufacturing facilities.
- 2. Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company.
- 3. General corporate purposes.
EPACK Durable IPO Review
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.
FAQs for EPACK Durable IPO
-
What is the issue size of Epack Durable Ltd IPO?
Epack Durable Ltd IPO, which opens for subscription from 19-Jan-2024 to 24-Jan-2024 has an issue size of ₹640.05 crore. The issue type is book building issue.
-
What are the open and close dates for Epack Durable Ltd IPO?
Epack Durable Ltd IPO Opens for subscription from 19-Jan-2024 to 24-Jan-2024.
-
What is the lot size and minimum order quantity of the Epack Durable Ltd IPO?
The lot size of Epack Durable Ltd is 65 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14950 and ₹194350 respectively.
-
What are the allotment dates for the Epack Durable Ltd IPO?
Allotment date for Epack Durable Ltd is 25-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 29-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 29-Jan-2024.
-
Where is the Epack Durable Ltd IPO getting listed?
The shares of Epack Durable Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
EPACK Durable IPO Subscription 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
RHP:
RHP of EPACK Durable Limited IPO
DRHP:
DRHP of EPACK Durable Limited IPO
Anchor Investor Link:
Anchor Investor Link of EPACK Durable Limited IPO
-
What is the issue size of Epack Durable Ltd IPO?
Epack Durable Ltd IPO, which opens for subscription from 19-Jan-2024 to 24-Jan-2024 has an issue size of ₹640.05 crore. The issue type is book building issue.
-
What are the open and close dates for Epack Durable Ltd IPO?
Epack Durable Ltd IPO Opens for subscription from 19-Jan-2024 to 24-Jan-2024.
-
What is the lot size and minimum order quantity of the Epack Durable Ltd IPO?
The lot size of Epack Durable Ltd is 65 shares. Retail investors can subscribe to minimum 1 lot and maximum 13 lots. The minimum and maximum application value is ₹14950 and ₹194350 respectively.
-
What are the allotment dates for the Epack Durable Ltd IPO?
Allotment date for Epack Durable Ltd is 25-Jan-2024 and refund of application amount (in case allotment is not received) will begin from 29-Jan-2024. If your allotment goes through, then shares will be credited in your Demat account by 29-Jan-2024.
-
Where is the Epack Durable Ltd IPO getting listed?
The shares of Epack Durable Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
EPACK Durable IPO Subscription 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 |
Read More IPO related blogs- Jyoti CNC Automation Limited IPO
_Limited_IPO_right.jpg)
_Limited_IPO_right.jpg)
_Mobility_&_Hospitality_Limited_IPO_right.jpg)
