EPack Durables was incorporated on April 20, 2019. It is the fastest growing room air conditioner original design manufacturer based on growth in volume manufactured between Fiscals 2020 and 2023 in India.
| Bidding Dates |
|---|
| 19 Jan 2024 - 24 Jan 2024 |
| Subscription |
|---|
| 16.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,170 | 1 | 13 | 65 | 27.8 M | ₹218 - ₹230 | 42.6 % | ₹6066.6 M - ₹6400.5 M | RHP DOC |
EPACK Durables IPO SUBSCRIPTION STATUS
24 Jan '24EPACK Durables IPO overall subscription rate was 16.37 times the total available shares
EPACK Durables IPO retail subscription rate was 6.29 times in the retail segment
EPACK Durables IPO non-institutional investor subscription rate was 28.1 times in the non-institutional investor category
EPACK Durables IPO Qualified Institutional Bidder subscription rate was 25.5 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jan 2024 (Day 3) | 6.29x | 28.1x | 25.5x |
23 Jan 2024 (Day 2) | 3.81x | 7.9x | 0.17x |
19 Jan 2024 (Day 1) | 1.17x | 0.82x | 0.01x |
EPACK Durables FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 26.5 | 6,148.0 | 1,580.7 | 836.0 | 6.0% |
| FY23 | 319.7 | 15,388.3 | 188.3 | -2,050.8 | 6.7% |
| FY22 | 174.3 | 9,241.6 | -289.4 | -1,713.6 | 7.4% |
| FY21 | 78.0 | 7,362.5 | 474.2 | 427.5 | 5.7% |
EPACK Durables IPO SUBSCRIPTION STATUS DETAILS
EPACK Durables had 27.8 M shares on offer
EPACK Durables IPO offer price was in the range ₹218 - ₹230
EPACK Durables IPO minimum Investment was ₹14170
EPACK Durables IPO issue size was ₹ 6066.6 M - ₹ 6400.5 M
EPACK Durables had a minimum lot size of 65 Shares per application
EPACK Durables NUMBER OF SHARES ON OFFER
EPACK Durables IPO IMPORTANT DATES
| Issue Open Date | 19 Jan 2024 |
| Issue close Date | 24 Jan 2024 |
| Allotment Date | 25 Jan 2024 |
| Refund Date | 29 Jan 2024 |
| Demat Account Credit Date | 29 Jan 2024 |
| Listing Date | 30 Jan 2024 |
| Listing on Exchange(s) | NSE and BSE |
| EPACK Durables Allotment Status | Exchange |
EPACK Durables IPO subscription opened on 19 Jan 2024, and closed on 24 Jan 2024
IPO allotment for EPACK Durables was finalized on Thursday, 25 Jan 2024
IPO listing for EPACK Durables was on NSE and BSE on Tuesday, 30 Jan 2024
EPACK Durables IPO LISTING GAINS
| Issue Price (adjusted) | 230.0 |
| Listing Open Price | 221.0 |
| Listing Close Price | 207.6 |
| Listing Gain% | -3.9% |
| Current Gain% | -0.2% |
EPACK Durables Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPACK Durables Ltd. | 229.5 | 2198.4 | 677.7 | -7.2 | 1.2 | 0.3 | 0.1 | 1910.7 | -12.8 | 3.3 | -94.1 | 0.3 | -94.1 |
| LG Electronics India Ltd. | 1586.5 | 107687.2 | 63.9 | -2.7 | 4.4 | 22 | 12.4 | 24932.8 | 1.2 | 1685.1 | -23.5 | 24.8 | -23.5 |
| Dixon Technologies (India) Ltd. | 14200 | 86821.8 | 46.3 | 0.8 | 1.7 | 30.8 | 7.5 | 49585.8 | 27.5 | 1438.6 | 31.3 | 307 | 58.2 |
| Voltas Ltd. | 1285 | 42518.7 | 113.1 | -2 | 3 | 5.9 | 2.6 | 14482.6 | -8 | 375.9 | -55.3 | 11.4 | -55.3 |
| Blue Star Ltd. | 1514 | 31130.1 | 61.1 | -9.7 | 2.4 | 15.4 | 6.2 | 12463.9 | 3.5 | 527.7 | -10.8 | 24.8 | -6.3 |
| Amber Enterprises India Ltd. | 7435 | 26221.6 | 147.6 | -5.5 | 2.2 | 4.1 | 1.3 | 12306.6 | 22.5 | 177.6 | -27.1 | 50.4 | -27.1 |
EPACK Durables INFORMATION ON IPO ISSUE
About EPACK Durables
EPack Durables was incorporated on April 20, 2019. It is the fastest growing room air conditioner original design manufacturer based on growth in volume manufactured between Fiscals 2020 and 2023 in India.
Object of the Issue
- Funding capital expenditure for the expansion/setting up of manufacturing facilities
- Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company
- General corporate purposes
EPACK Durables - PROMOTERS
| Name |
|---|
| Bajrang Bothra |
| Laxmi Pat Bothra |
| Sanjay Singhania |
| Ajay DD Singhania |
EPACK Durables Book Running Lead Manager
Axis Capital Limited
epack.ipo@axiscap.in
DAM Capital Advisors Limited
epack.ipo@damcapital.in
ICICI Securities Limited
epack.ipo@icicisecurities.com
EPACK Durables Registrar to the Offer
KFinTechnologies Private Limited
epack.ipo@kfintech.com
EPACK Durables Strengths
Long-standing relations
The company has long-standing relationships with established customers, with potential to expand its customer base
Large manufacturers
The company is among the largest manufacturers in the fast-growing RAC and SDA manufacturing industries with high entry barriers
Manufacturing operations
The company has advanced vertically integrated manufacturing operations with a product portfolio aimed at capturing the full spectrum of the RAC and SDA value chain
EPACK Durables Risks
Contract labour
The company engages in contract labour for its manufacturing operations. In the event of the non-availability of such contract labour or any adverse regulatory orders, it may have a material adverse impact on the operations
Competitive industry
The company's industry is competitive and its inability to compete effectively may adversely affect the business, results of operations, financial condition and cash flows
Contingent liabilities
The company has certain contingent liabilities which, if materialized, may adversely affect the financial condition.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 240.0 crore, of 10,437,047 shares. It also consists of a fresh issue of Rs 400.0 crore.
The promoters of the company are Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania and Ajay DD Singhania.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 218.0 - 230.0.
The IPO application opens on Jan 19, 2024 and closes on Jan 24, 2024.
The minimum lot size for the IPO is 65. The maximum lot size for the IPO is 845.
For all category investors, the minimum application amount for this IPO is Rs. 14,170.0, the maximum value for this IPO is Rs 194,350.0.
This IPO will be allotted on Jan 25, 2024.
The refund will be credited to your account on Jan 29, 2024.
The allotted shares will be credited to your demat on Jan 29, 2024.
EPack Durables Ltd.’s shares listed on the stock exchanges on Jan 30, 2024.