EPACK Durable Ltd. IPO
EPACK Durable Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹230
Issue Price
Listing Price
₹225
Listing Price
Listing Gains
-₹5.00 (-2.17%)
Listing Gains
IPO Details
Bidding Dates
19 Jan - 24 Jan '24
Bidding Dates
Min. Investment
₹14,170
Min. Investment
Lot Size
65.00
Lot Size
Price Range
₹218 - ₹230
Price Range
Issue Size
607 Cr
Issue Size
Subscription Rate
- Retail Individual Investor6.29x
- Non-Institutional Investor28.10x
- Qualified Institutional Buyers25.50x
- 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
Strengths
- The business enjoys enduring relationships with its current clientele and has promising growth prospects.
- It is also a major player in the rapidly expanding RAC and SDA manufacturing sectors.
Weaknesses
- Revenue Concentration: 82.66% of EPACK's FY23 revenue came from its Top 5 clients.
- 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.
Opportunities
- The business has sophisticated, vertically integrated manufacturing processes and a wide range of products.
- Its skills for design optimization and product development are strong.
- A skilled group of managers.
Threats
- 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.
- 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:
UPI
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.
2. If you don't have a TradeSmart Account? Sign up.
