EPACK Durable Limited IPO

19 Jan 2024 - 23 Jan 2024 Individual Category IPO NSE

Min Investment

₹14950

Price Band

₹218-₹230

Issue Size

278.28 lakhs
Equity Shares

Lot Size

65

IPO Dates
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19 Jan 2024

Open Date

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23 Jan 2024

Close Date

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24 Jan 2024

Allotment Date

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29 Jan 2024

Listing Date

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. The subscription period for the EPACK Durable IPO is scheduled to commence on January 19, 2024, and conclude on January 23, 2024. The price bands for the shares are set at ₹218 to ₹230 per share.The IPO is being managed by Axis Capital Limited, Dam Capital Advisors Ltd (previously known as Idfc Securities Ltd), and ICICI Securities Limited, with Kfin Technologies Limited serving as the registrar for the issue.

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About Epack Durable Limited Ipo

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.

Founded

2019

Managing Director

Ajay DD Singhania

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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