IPO Issue Details
Issue Price / Price Band₹230 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size65 Shares per Lot
Total Issue Size2,78,28,351 shares (aggregating up to ₹640.05 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 19 Jan 2024
Subscription CloseWed, 24 Jan 2024
Anchor AllotmentThu, 18 Jan 2024
Basis of AllotmentThu, 25 Jan 2024
Initiation of RefundsMon, 29 Jan 2024
Credit of Shares to DematMon, 29 Jan 2024
Listing DateTue, 30 Jan 2024
UPI Mandate Deadline2024-01-24
Application & Investment Details
Retail — Min (1 Lots)14,950 — 65 shares
Retail — Max (13 Lots)₹194,350 (13 Lots)
HNI — Min (67 Lots)10,01,650 — 4,355 shares
EPS (Pre-IPO)₹4.08
EPS (Post-IPO)₹0.55
P/E Ratio (Pre-IPO)56.4x
P/E Ratio (Post-IPO)415.1x
Pre-IPO Promoter Holding7,84,07,387 shares
Post-IPO Promoter Holding9,57,98,691 shares
Fresh Issue Shares1,73,91,304 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares1,04,37,047 shares of ₹10 (aggregating up to ₹240.05 Cr)
About EPACK Durable Ltd.
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 moulded 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.As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.
Objects of the Issue
EPACK Durable Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
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.
Shareholding & Lock-in
Pre-IPO Promoter Holding
7,84,07,387 shares
Post-IPO Promoter Holding
9,57,98,691 shares
Lock-in Period (30%)February 24, 2024
Lock-in Period (50%)April 24, 2024