EPACK Durable Limited IPO
Basic information about the company: Incorporated in 2019, EPACK Durable Limited stands as a distinguished Original Design Manufacturer (ODM) specializing in room air conditioners (RAC). Beyond RACs, the company is engaged in the production of crucial components like sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components integral to RAC manufacturing. Recognizing the seasonal demand for RACs, EPACK Durable has strategically diversified its business into the small domestic appliance (SDA) market. This expansion includes the development and production of induction hobs, blenders, and water dispensers. Production Facilities:
The company operates four production facilities in Dehradun (Dehradun Unit I, II, III, and IV) and one manufacturing facility in Bhiwadi, Rajasthan. As of March 31, 2023, its annual production capacity includes 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits, and 0.42 million WACs. Additionally, the company produces 0.11 million water dispensers, 1.2 million induction hobs, and 0.30 million mixers and their components. Objects of the Issue:
EPACK Durable's IPO aims to allocate the net proceeds from the Fresh Issue to:
Funding capital expenditure for the expansion/establishment of manufacturing facilities.
Repayment and/or prepayment, either partially or in full, of certain outstanding company loans.
General corporate purposes.
Promoter Holdings:
The company's promoters include Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania. The pre-issue shareholding stands at 85.49%, which is expected to reduce to 65.36% post-issue. EPACK Durable IPO Details:
IPO Dates: 19 to 24 Jan 2024
Price Band: ₹218 to ₹230 per share
Lot Size: 65 Shares
Issue Size: ₹640 Crores
Retail Quota: 35%
GMP (Grey Market Premium): +10% (for informational purposes only).
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