EPACK Durable IPO Description – EPACK Durable is the second-largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, holding a substantial 29% market share in terms of volume produced during Fiscal 2023. Noteworthy is its rapid growth, making it the fastest-growing ODM in terms of volume manufactured between Fiscals 2020 and 2023.
The company not only manufactures components crucial for Room Air Conditioners (RACs) but has also expanded into the small domestic appliance (SDA) market. Currently, it’s focused on developing and producing induction hobs, blenders, and water dispensers to meet the seasonal demand for RACs.
The company operates four production facilities in Dehradun, known as Dehradun Unit I, Dehradun Unit II, Dehradun Unit III, and Dehradun Unit IV. Additionally, there is a manufacturing facility in Bhiwadi, Rajasthan. As of 31 March 2023, the annual production capacity includes (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits, and 0.42 million WACs, as well as (ii) 0.11 million water dispensers, 1.2 million induction hobs, and 0.30 million mixer grinders and their components. Furthermore, the company is in the process of establishing a third facility in Sri City, Andhra Pradesh.
In the six months ended 30 September 2023, FY 2023, 2022, and 2021, the top five customers of EPACK Durable collectively contributed INR 489.49 crore, INR 1,272.03 crore, INR 709.99 crore, and INR 524.36 crore to the revenue from operations. This constituted 79.62%, 82.66%, 76.82%, and 71.22% of the total revenue, respectively.
The company has a dedicated R&D team comprising 57 full-time employees, as of 30 September 2023, which grew from 30 as of 31 March 2021.
Promoters of EPACK Durable – Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania
Table of Contents
EPACK Durable IPO Details
| EPACK Durable IPO Dates | 19 – 24 January 2024 |
| EPACK Durable IPO Price | INR 218 – 230 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | 10,437,047 shares (INR 227.53 – 240.05 crore) |
| Total IPO size | INR 627.53 – 640.05 crore |
| Minimum bid (lot size) | 65 shares (INR 14,950) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
EPACK Durable Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 736.25 | 924.16 | 1,538.83 | 614.80 |
| Expenses | 728.78 | 901.04 | 1,493.84 | 611.78 |
| Net income | 7.80 | 17.43 | 31.97 | 2.65 |
| Margin (%) | 1.06 | 1.89 | 2.08 | 0.43 |
EPACK Durable Offer News
- EPACK Durable IPO Analysis
- EPACK Durable RHP
- EPACK Durable DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
EPACK Durable Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.62 | 3.47 | 4.64 |
| PE ratio | – | – | 46.98 – 49.57 |
| RONW (%) | 12.00 | 18.28 | 14.68 |
| NAV | 14.31 | 24.25 | 46.21 |
| ROCE (%) | 11.72 | 13.68 | 11.85 |
| EBITDA (%) | 5.71 | 7.44 | 6.66 |
| Debt/Equity | 3.47 | 3.15 | 1.58 |
EPACK Durable IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 29 January 2024 | 10 | – | 500 |
| 27 January 2024 | 20 | – | 1,000 |
| 26 January 2024 | 25 | – | 1,400 |
| 25 January 2024 | 27 | – | 1,400 |
| 24 January 2024 | 25 | – | 1,400 |
| 23 January 2024 | 27 | – | 1,500 |
| 22 January 2024 | 27 | – | 1,500 |
| 20 January 2024 | 30 | – | 1,800 |
| 19 January 2024 | 27 | – | 1,800 |
| 18 January 2024 | 10 | – | 800 |
EPACK Durable IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure for the expansion / setting up of manufacturing facilities – INR 230 crore
- Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company – INR 80 crore
- General corporate purposes
EPACK Durable IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 5,584,779 | 4,317,851 | 10,074,985 | 19,977,615 |
| 24 Jan 2024 | 25.50 | 28.10 | 6.29 | 16.37 |
| 23 Jan 2024 | 0.17 | 7.90 | 3.81 | 3.68 |
| 19 Jan 2024 | 0.01 | 0.82 | 1.17 | 0.77 |
EPACK Durable – Comparison With Listed Peers
| Company | Face Value | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| EPACK Durable | 10 | 49.57 | 4.64 | 14.68 | 46.21 | 1,538.83 |
| Amber Enterprises | 10 | 52.55 | 46.66 | 8.79 | 579.94 | 6,927.10 |
| PG Electroplast | 10 | 43.51 | 33.77 | 21.88 | 174.09 | 2,159.95 |
| Dixon Technologies | 2 | 95.04 | 42.62 | 22.36 | 215.69 | 12,192.01 |
| Elin Electronics | 5 | 23.25 | 6.29 | 6.73 | 99.30 | 1,075.43 |
EPACK Durable IPO Allotment Status
EPACK Durable IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
EPACK Durable IPO Dates & Listing Performance
| EPACK Durable IPO Opening Date | 19 January 2024 |
| EPACK Durable IPO Closing Date | 24 January 2024 |
| Finalization of Basis of Allotment | 25 January 2024 |
| Initiation of refunds | 25 January 2024 |
| Transfer of shares to demat accounts | 25 January 2024 |
| EPACK Durable IPO Listing Date | 30 January 2024 |
| Opening Price on NSE | INR 221 per share (down 3.91%) |
| Closing Price on NSE | INR 207.60 per share (down 9.74%) |
EPACK Durable IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research – Not Rated
Asit C Mehta –
BP Wealth – Subscribe
Capital Market – Neutral
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Avoid
Hem Securities –
InCred Equities – Avoid
ICICIdirect –
Investmentz –
Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities –
Religare Broking –
SBI Securities – Avoid
Samco Securities – Subscribe for long-term
SMC Global – 2/5
Swastika Investment – May Apply
Ventura Securities – Not Rated
EPACK Durable Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
EPACK Durable Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â 91 40 6716 2222 / 1800 3094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
EPACK Durable Contact Details
EPACK DURABLE LIMITED
61-B, Udyog Vihar, Surajpur, Kasna Road, Greater Noida,
Gautam Buddha Nagar 201 306, Uttar Pradesh, India
Phone:Â +91 120 256 9077
Email:Â [email protected]
Website: www.epackdurable.com
EPACK Durable IPO FAQs
How many shares in EPACK Durable IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in EPACK Durable Public Offer?
The best way to apply in EPACK Durable public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is EPACK Durable IPO GMP today?
EPACK Durable IPO GMP today is INR 10 per share.
What is EPACK Durable kostak rate today?
EPACK Durable kostak rate today is INR NA per application.
What is EPACK Durable Subject to Sauda rate today?
EPACK Durable Subject to Sauda rate today is INR 500 per application.
