IPO

EPACK Durable Limited IPO

Mainboard

Household Appliances

Listed On: Jan 30, 2024 at ₹ 221.0(NSE)

₹ 14950 /65 Shares

Check Allotment

19 Jan, 2024

Open Date

24 Jan, 2024

Close Date

25 Jan, 2024

Allotment Date

30 Jan, 2024

Listing Date
Price Summary

Last Closing

298.00 (29.57%)

52 Week High

669.95

52 Week Low

245.65

Last Update

18-Dec-2025 3:30 PM
EPACK Durable Limited IPO Issue Details
  • Issue Price ₹218-230 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 2,78,28,351 shares(aggregating up to ₹640.05 crore)
  • Fresh Share 1,73,91,304 shares(aggregating up to ₹400 crore)
  • Offer For Sale 1,04,37,047 shares(aggregating up to ₹240.05 crore)
  • Listing at BSE, NSE
  • List Price 221.0(NSE)
  • Listing Date 2024-01-30
  • Lead Manager Axis Capital Limited
    Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
    ICICI Securities Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 65 ₹14,950
Retail(max) 13 845 ₹1,94,350
SHNI(min) 14 910 ₹2,09,300
SHNI(max) 66 4,290 ₹9,86,700
BHNI(min) 67 4,355 ₹10,01,650
EPACK Durable Limited IPO Reservation

EPACK Durable Limited IPO offers total 27,828,350 shares. Out of which 5,565,670 (20%) allocated to QIB, 4,174,253 (15%) allocated to NII,9,739,923 (35%) allocated to RII, NA (NA%) allocated to employees and 8,348,504 (30%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 8,348,504 (30%)
QIB Shares Offered 5,565,670 (20%)
NII (HNI) Shares Offered 4,174,253 (15%)
bNII > ₹10L 2,882,835 (10.36%)
sNII < ₹10L 1,391,418 (5%)
Retail Shares Offered 9,739,923 (35%)
Total Shares Offered 27,828,350 (100%)
EPACK Durable Limited IPO Documents
DRHP
RHP
EPACK Durable Limited IPO Details


EPACK Durable Limited IPO is a book-built issue of ₹640.05 crores, The total issue size is ₹640.05 crores. The IPO of EPACK Durable Limited is priced at ₹218-230 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jan 19, 2024 and ends on Jan 24, 2024. The allotment for EPACK Durable Limited IPO will be finalized on Jan 25, 2024. EPACK Durable Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 30, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 65 shares, extendable to 14,950. S-HNIs will be able to bid for 910 shares at ₹2,09,300, while B-HNIs can also apply for a bid of 4,355 shares at ₹10,01,650. The book-running lead manager for the IPO is/are Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), ICICI Securities Limited.

The total issue ₹640.05 crore, comprising a fresh issue of 1,73,91,304 shares ₹400 crore and having Offer for Sale (OFS) of 1,04,37,047 shares to mop up ₹240.05 crore.

The EPACK Durable Limited IPO sets its price band at 218-230 for each share. A single application for EPACK Durable Limited IPO must contain at least 65 shares. Sentiment investors need to invest a minimum of 65 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,950 In order to participate in the sNII, investors must purchase at least 14 lots of 910 shares for ₹2,09,300, while the bNII requires 67 lots of 4,355 shares for an investment of ₹10,01,650.

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EPACK Durable Limited IPO Subscription Analysis And Details
Retail
6.29x
QIB
25.50x
NII
28.10x
bNII
31.64x
sNII
21.01x
Total
16.37x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 5,565,670 4,174,253
2,882,835    1,391,418 		9,739,923 19,479,846
Day 1 19-01-24 05:00 PM
0.01 x 0.82
0.66 x   1.15 x 		1.17 x 0.77 x
Day 2 23-01-24 05:00 PM
0.17 x 7.90
7.73 x   8.25 x 		3.81 x 3.68 x
Day 3 24-01-24 05:00 PM
25.50 x 28.10
31.64 x   21.01 x 		6.29 x 16.37 x
Total No of Applications
8,49,787
Subscription on the basis of Applications
5.67
EPACK Durable Limited Valuations
EPS Pre IPO ₹4.08/-
EPS Post IPO ₹0.55/-
P/E Pre IPO 56.4
P/E Post IPO 415.1
ROE 14.68%
ROCE 11.85%
Debt/Equity 1.58
RoNW 14.68%
Price to Book Value 4.98
EPACK Durable Limited Company Financials
In Crs.
In Cr.
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 7.80
Net Worth 313.62 121.87 68.91
Total Borrowing 492.45 383.98 238.56
About EPACK Durable Limited Company

EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC) incorporated in 2019.

The company also produces parts like sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are currently in active use in the production of RACs. The company has ventured into the small domestic appliance market, especially considering the seasonal demand for RACs, and is currently developing and manufacturing 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 of 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.

The company had 734 full-time employees as of March 31, 2023, who were engineers, university graduates, and diploma students.

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EPACK Durable Limited - Promoter(s)

Bajrang Bothra

Laxmi Pat Bothra

Sanjay Singhania

Ajay DD Singhania

Pre Issue Share Holding : 85.49%

Post Issue Share Holding : 65.36%

EPACK Durable Limited IPO - Issue 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 Limited IPO - Anchor Investors

Epack Durable IPO | Institutional investors pick Rs 192 crore shares via anchor book.

Optimix Wholesale Global Emerging Markets Share Trust, Integrated Core Strategies (Asia), Societe Generale Copthall Mauritius Investment, and HDFC Mutual Fund were some of the marquee names invested in the company via anchor book.

Insurance companies including SBI Life Insurance Company, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, SBI General Insurance Company, Reliance General Insurance Company, and Universal Sompo General Insurance Company also showed good interest in the company, investing Rs 116 crore.

EPACK Durable Limited IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
EPACK Durable Limited 4.71 4.64 46.21 56.4 14.68 N/A Consolidated
Amber Enterprises India Ltd 46.66 46.66 579.94 66.28 8.79 5.33 Consolidated
PG Electroplast Limited 35.78 33.77 174.09 67.27 21.88 13.05 Consolidated
Dixon Technologies (India) Ltd 42.92 42.62 215.69 139.96 22.36 27.65 Consolidated
Elin Electronics Ltd 6.29 6.29 99.3 24.28 6.73 1.54 Consolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on NSE on July 27, 2023, divided by the Diluted EPS.
  2. Return on Net Worth (%) = Net Profit for the year divided by Average Net-Worth (Total Equity) for the year.
  3. NAV per share is computed as the net worth (Total Equity) divided by the outstanding number of equity shares at the end of the year.
Contact Details

EPACK Durable Limited

61-B, Udyog Vihar, Surajpur, Kasna Road, Greater Noida, Gautam Buddha Nagar - 201 306

+91 120 2569078

investors_ed@epack.in

https://epackdurable.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

epack.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/