EPACK Durable Ltd. IPO

EPACK Durable Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

-₹5.00 (-2.17%)

Listing Gains

IPO Details

Bidding Dates

19 Jan - 24 Jan '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹218 - ₹230

Price Range

Issue Size

607 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

Founded in 2019, EPACK Durable Limited is a room air conditioner (RAC) Original Design Manufacturer (ODM). In addition, the company produces PCBA components, cross-flow fans, injection-moulded parts, sheet metal parts, and other components that are directly utilised in the manufacturing of RACs. Given the seasonal need for RACs, the company has extended its business into the small domestic appliance (SDA) sector. Presently, it is creating and manufacturing water dispensers, blenders, and induction hobs. The company operates one manufacturing site in Bhiwadi, Rajasthan, and four production facilities in Dehradun: Dehradun Unit I, Dehradun Unit II, Dehradun Unit III, and Dehradun Unit IV.

Important Dates - EPACK Durable IPO

Application opens on 19th January 2024
Last date of application 23rd January 2024
Date of Allotment 24th January 2024
Refund begins from 25th January 2024
Credit of shares to Demat 25th January 2024
Listing date 29th January 2024

Why should you invest in EPACK Durable Ltd. IPO?

With its cutting-edge goods, EDL is the second-biggest participant in RAC and ODM. In keeping with the overall trends in the industry, it represented a slight regression following strong expansion from FY21 to FY23. December 2023 saw the opening of its new South unit. To capitalise on the trend resurgence, the company is expanding its capacity at an exponential rate. The IPO looks to be fully priced based on recent financial performance. Investors with knowledge may think about parking money for a medium- to long-term period of time.

EPACK Durable IPO Grey Market Premium

EPACK Durable IPO GMP as of today is ₹15. On January 18, 2024, the shares of EPACK Durable Ltd. were trading on the grey market for ₹15 premium., the shares were traded on the Grey Market. As a result, it now has a share premium of Rs 15 over the Rs 230 cap price.

Date GMP
18th January Rs.15
17th January Rs.0

EPACK Durable IPO Noteworthy Highlights

  • The issue is a combination of fresh issue of 1.74 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.04 crore shares aggregating to Rs 240.05 crores.
  • The company plans to fund the following with the net proceeds from the fresh issue: Capital expenditures for the establishment or expansion of manufacturing facilities; Partial or complete repayment and/or prepayment of some outstanding company loans; General corporate purposes.

EPACK Durable Ltd. IPO - SWOT Analysis


  1. The business enjoys enduring relationships with its current clientele and has promising growth prospects. 
  2. It is also a major player in the rapidly expanding RAC and SDA manufacturing sectors.


  1. Revenue Concentration: 82.66% of EPACK's FY23 revenue came from its Top 5 clients. 
  2. Competition: The company has to contend with fierce competition from a number of companies in the water dispenser, RAC, mixer grinder, and induction cooktop markets. Better pricing or novel items can have a big impact on the company's profits.


  1. The business has sophisticated, vertically integrated manufacturing processes and a wide range of products.
  2. Its skills for design optimization and product development are strong.
  3. A skilled group of managers.


  1. No Long-Term Agreement: Despite having partnerships with several well-known clients, the company has stated that it does not have any long-term clients. 
  2. Need for Continuous Redevelopment: The company's ability to adapt to the ever-evolving tastes of its customers is crucial, and failing to do so could have a negative impact on its operations.

Financial Snapshot - EPACK Durable IPO

Check out the financial performance of EPACK Durable for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 520.37 crore Rs 739.66 crore Rs 7.80 crore
March 2022 Rs 1076.68 crore Rs 927.34 crore Rs 17.43 crore
March 2023 Rs 1464.16 crore Rs 312.03 crore Rs 22.49 crore

How to apply for EPACK Durable Ltd. IPO?

You can apply for the EPACK Durable Ltd. IPO in these ways:

Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an EPACK Durable Ltd. click here.
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EPACK Durable Ltd. IPO FAQs

What are the opening and closing dates for EPack Durable IPO?

EPack Durable IPO will open for subscription on January 19 and close on January 23.

What is the price band for EPack Durable IPO?

The price band for EPack Durable IPO is ₹218 to ₹230 per share.

Who is taking part in the OFS?

Promoter and promoter group investors Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra and Rajjat Kumar Bothra along with other investors including India Advantage Fund and Dynamic India Fund will be participating in the OFS.

What is the minimum and maximum lot size for the EPack Durable IPO?

The minimum lot size is 1 and the maximum is 13. 

What will be the promoter shareholding in EPack Durable after the IPO?

The promoter shareholding in EPack Durable after the IPO will reduce to 65.36% from 85.49% currently.

Who are EPack Durable IPO Lead Managers?

Axis Capital, DAM Capital Advisors, and ICICI Securities are the joint Book Running Lead Managers (BRLMs) to the issue.

Who is the registrar of the issue?

KFin Technologies Limited is the registrar for EPack Durable IPO.

When will the EPack Durable IPO allotment take place?

The finalisation of the basis of allotment for EPack Durable IPO will be done on January 24 2024, and the allotted shares will be credited to investors’ demat accounts by January 25.

When and where will the EPack Durable shares be listed?

The equity shares of EPack Durable are proposed to be listed on January 29,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE)


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