11-Jan-2024
2 mins read
EPACK Durable is planning an Initial Public Offering (IPO), which includes a combination of a fresh issue valued at Rs 400 crore and an offer for sale of 1.31 crore shares.
EPACK Durable Limited Product Portfolio
EPACK Durable Limited, established in 2019, operates as an Original Design Manufacturer (ODM) specialising in room air conditioners (RACs). In addition to RACs, the company also produces various essential components like sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components used in the RAC manufacturing process. Recognising the need for diversification due to the seasonal demand for RACs, the company has ventured into the small domestic appliance (SDA) market. Presently, they are actively developing and producing induction hobs, blenders, and water dispensers.
With a physical presence in Dehradun, the company boasts four production facilities: Dehradun Unit I, Dehradun Unit II, Dehradun Unit III, and Dehradun Unit IV. Additionally, they operate one manufacturing facility located in Bhiwadi, Rajasthan. As of March 31, 2023, the company had a robust annual production capacity, including 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits, and 0.42 million WACs in the air conditioning segment. They also could manufacture 0.11 million water dispensers, 1.2 million induction hobs, and 0.30 million mixers, along with their respective components.
Regarding personnel, as of March 31, 2023, EPACK Durable Limited had a dedicated workforce comprising 734 full-time employees, encompassing engineers, university graduates, and diploma students.
The Objectives of EPACK Durable Limited IPO 2024
The company’s plan for utilising the net proceeds from the Fresh Issue includes an intent to allocate the net proceeds towards three primary objectives. Firstly, it will direct funds towards financing capital expenditures required to expand or establish manufacturing facilities. Secondly, a portion of the proceeds will be used to repay certain outstanding loans, with the possibility of complete or partial prepayment. Lastly, the remaining funds will be utilised for general corporate purposes and associated expenses.
Financial Performance of EPACK Durable Limited (In Rs and Crore)
Between the fiscal years ending on March 31, 2023, and March 31, 2022, EPACK Durable Limited witnessed a significant surge in revenue, marking a 66.09% increase. Furthermore, the company’s profit after tax (PAT) also demonstrated robust growth, rising by 83.39% during the same period.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,464.16 | 1,076.68 | 520.37 |
| Revenue | 1,540.25 | 927.34 | 739.66 |
| Profit After Tax | 31.97 | 17.43 | 7.8 |
| Net Worth | 313.62 | 121.87 | 68.91 |
| Reserves and Surplus | |||
| Total Borrowing | 492.45 | 383.98 | 238.56 |
Important Details for EPACK Durable Limited IPO 2024
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Face Value | Rs 10 per share |
| Price | ₹218 to ₹230 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 27,828,351 shares (aggregating up to ₹640.05 Cr) |
| Fresh Issue | Aggregating up to Rs 400 Crore |
| Offer for Sale | 13,067,890 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 52,089,012 |
IPO Reservation of EPACK Durable Limited
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator of EPACK Durable Limited IPO 2024
| KPI | Values |
| ROE | 14.68% |
| ROCE | 9.20% |
| RoNW | 14.68% |
Promoters of EPACK Durable Limited IPO 2024
The promoters of EPACK Durable Limited IPO 2024 are Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania.
Promoter Holding of EPACK Durable Limited IPO 2024
| Shareholding Pre Issue | 98.39% |
| Shareholding Post Issue | 65.36% |
Lead Manager(s) of EPACK Durable Limited IPO 2024
The lead manager(s) for EPACK Durable Limited IPO 2024 are Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and ICICI Securities Limited.
How to Apply for EPACK Durable Limited IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the EPACK Durable Limited IPO 2024 with Bigul https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of EPACK Durable Limited IPO 2024
The registrar for EPACK Durable Limited IPO 2024 is Kfin Technologies Limited. To check your allotment status, please click on this link: https://kosmic.kfintech.com/ipostatus/.
FAQs
- What is the primary objective of the EPACK Durable Limited IPO?
The EPACK Durable Limited IPO aims to raise funds for various purposes, including expanding manufacturing facilities, repaying outstanding loans, and covering general corporate expenses.
- Who are the lead managers for the EPACK Durable Limited IPO?
The lead managers for the EPACK Durable Limited IPO are Axis Capital Limited, Dam Capital Advisors Ltd (formerly known as Idfc Securities Ltd), and ICICI Securities Limited.
- What is the IPO date and listing date for EPACK Durable Limited IPO 2024?
- What is the IPO price and lot size for EPACK Durable Limited IPO?
- How can I check the allotment status of EPACK Durable Limited IPO 2024?
To check the allotment status of EPACK Durable Limited IPO 2024, you can visit the registrar’s website, Kfin Technologies Limited, and use their online allotment status checking tool.
- What are the reservation categories for EPACK Durable Limited IPO 2024?
EPACK Durable Limited IPO has the following reservation categories:
- QIB (Qualified Institutional Buyers) Shares Offered: Not more than 50% of the Net Issue
- Retail Shares Offered: Not less than 35% of the Net Issue
- NII (HNI) Shares Offered: Not less than 15% of the Net Issue
- Who are the promoters of EPACK Durable Limited IPO 2024?
The promoters of EPACK Durable Limited IPO 2024 are Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania.
- What is the post-issue shareholding percentage of the promoters?
After the IPO, the promoters’ shareholding in EPACK Durable Limited is expected to be 65.36%, down from 98.39% pre-issue.
- Where can I apply for the EPACK Durable Limited IPO 2024?
You can apply for the EPACK Durable Limited IPO 2024 through the official IPO application portal. Details on how to apply will be available when the IPO opens for subscription.
- What are the key financial performance indicators (KPIs) for EPACK Durable Limited IPO 2024?
The key performance indicators (KPIs) for EPACK Durable Limited IPO 2024 include:
- ROE (Return on Equity): 14.68%
- ROCE (Return on Capital Employed): 9.20%
- RoNW (Return on Net Worth): 14.68%