EPACK Durable IPO subscription is to open on Jan 19, 2024 and will close on Jan 23, 2024, the price band of the EPACK Durable IPO is fixed at ₹ 218 – ₹ 230.
EPACK Durable is the second largest room air conditioner original design manufacturer (“ODM”) in India in terms of number of units (indoor units + outdoor units) manufactured in Fiscal 2023 through the ODM route.
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About EPACK Durable
EPACK Durable is the second largest room air conditioner original design manufacturer (“ODM”) in India in terms of number of units (indoor units + outdoor units) manufactured in Fiscal 2023 through the ODM route.
EPACK Durable is a customer-centric business driven by a focus on continuing innovation and operational efficiency. Since 2003, EPACK Durable has been on a journey of evolution, where we initially started as an OEM for RAC brands. Driven by the focus on product development and innovation, EPACK Durable evolved into an ODM partner for RACs for the customers
Objects of the Issue
- Funding capital expenditure for the expansion / setting up of manufacturing facilities;
- Repayment and / or prepayment, in part or in full, of certain outstanding loans of the Company;
- General corporate purposes.
EPACK Durable Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 14,641.55 | 10,766.75 | 5,203.65 |
| Total income | 15,402.53 | 9,273.41 | 7,396.58 |
| Total Expenses | 14,938.44 | 9,010.39 | 7,287.81 |
| Profit After Tax | 319.72 | 174.34 | 78.03 |
EPACK Durable IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 27,828,351 Equity Shares of ₹ 10 (aggregating up to ₹ 640.05 Cr) and an offer for sale of upto 10,437,047 equity shares |
| Issue Open Date | 19-Jan-24 |
| Issue Close Date | 23-Jan-24 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 218 – ₹ 230 |
| Face Value | ₹ 10 |
| Market Lot | 65 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 65 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | EPACK |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
EPACK Durable IPO DRHP & RHP
EPACK Durable IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 65 | 14,950 |
| Maximum | 13 | 845 | 194,350 |
EPACK Durable IPO Lead Managers
- Axis Capital Limited
- DAM Capital Advisors Limited
- ICICI Securities Limited
EPACK Durable IPO Registrar
EPACK Durable IPO Allotment Date, Listing Date and other Important Dates
| Description | IPO Date |
|---|---|
| Bid / Offer Opens on | 19-Jan-24 |
| Bid / Offer Closes on | 23-Jan-24 |
| Finalisation of Basis of Allotment | 24-Jan-24 |
| Initiation of refunds | 25-Jan-24 |
| Credit of the Equity Shares | 25-Jan-24 |
| Listing Date | 29-Jan-24 |
Company Registered Office
61-B, Udyog Vihar, Surajpur,
Kasna Road, Greater Noida,
Gautam Buddha Nagar 201 306,
Uttar Pradesh, India;
Website: www.epackdurable.com
Company Promoters
- Bajrang Bothra
- Laxmi Pat Bothra
- Sanjay Singhania
- Ajay DD Singhania
EPACK Durable IPO – FAQS
What is the EPACK Durable IPO Price?
The EPACK Durable IPO price band is ₹ 218 – ₹ 230 per share
When EPACK Durable IPO will open?
The EPACK Durable IPO opens on Jan 19, 2024 and closes on Jan 23, 2024
What is the lot size of EPACK Durable IPO?
The EPACK Durable IPO lot size is 65 Equity Shares and the minimum order quantity is 65 Equity Shares
Who is the Registrar for EPACK Durable IPO?
The Registrar for EPACK Durable IPO is KFin Technologies Limited
How to apply in EPACK Durable IPO through UPI?
Check the step by step process here – Click here
How to apply in EPACK Durable IPO through Zerodha?
Check the step by step process here – Click here
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