EPACK Durable Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 218 to ₹ 230 per share |
| ₹218 to ₹230 per share | 65 Shares |
| Total Issue Size | 2,78,28,351 shares (aggregating up to ₹ 640.05 Cr) |
| Fresh Issue | 1,73,91,304 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 1,04,37,047 shares of ₹10 (aggregating up to ₹ 240.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,84,07,387 |
| Share holding post issue | 9,57,98,691 |
About EPACK Durable Limited IPO
EPACK Durable Ltd. (EDL) is the second largest room air conditioner original design manufacturer ("ODM '') in India in terms of number of units manufactured in Fiscal 2023 through the ODM route. It is a customer-centric business driven by a focus on continuing innovation and operational efficiency. Since 2003, EDL has been on a journey of evolution, where it initially started as an OEM for RAC brands. Driven by its focus on product development and innovation, the company evolved into an ODM partner for RACs for its customers.
It also identified the opportunity to increase value addition in its offerings to customers and accordingly, started manufacturing of various components such as sheet metal, injection molded, cross flow fans and PCB components which are actively used in the manufacturing of RACs. The company capitalized on its existing manufacturing infrastructure to strategically expand operations in the small domestic appliances (''SDA") market, particularly considering the seasonality of the demand for RACs, and currently design and manufacture induction cooktops, mixer-grinders, and water dispensers.
Objectives of EPACK Durable IPO
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following 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 IPO Review
The company is the second largest RAC, ODM products with innovations and engaged in related services. It has also done backward integration for domestic appliances. After posting growth for the last three fiscals, it marked a minor setback in its top and bottom lines for H1 of FY24 in line with the general trends in the segment. It is on expansion spree to take benefits of revivals in the segment. Well-informed investors may park funds for the medium to long term rewards.
EPACK Durable Limited IPO Financial Information
Latest Revenue
616.32
₹ Crore
Profit After Tax
2.65
₹ Crore
Net Worth
478.31
₹ Crore
Total Borrowing
369.57
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 1,071.45 | 616.32 | 2.65 | 478.31 | 369.57 | ||||
| 31 Mar 2023 | 1,464.16 | 1,540.25 | 31.97 | 313.62 | 492.45 | ||||
| 31 Mar 2022 | 1,076.68 | 927.34 | 17.43 | 121.87 | 383.98 | ||||
| 31 Mar 2021 | 520.37 | 739.66 | 7.80 | 68.91 | 238.56 | ||||
| Amount in ₹ Crore | |||||||||
EPACK Durable Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt/Equity | 1.58 |
| RoNW | 14.68% |
| P/BV | 4.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.08 | 0.55 |
| P/E (x) | 56.4 | 415.1 |
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Competitive Strengths
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EPACK Durable Limited IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,950 |
| Retail (Max) | 13 | 845 | ₹194,350 |
| S-HNI (Min) | 14 | 910 | ₹209,300 |
| S-HNI (Max) | 66 | 4,290 | ₹986,700 |
| B-HNI (Min) | 67 | 4,355 | ₹1,001,650 |