Epack Durable Ltd
Price Range
₹218 - ₹230
Min. Quantity
65
Closes on
24 January 2024
Min. investment
₹14,950/845 Shares
Epack Durable Ltd IPO Timeline
Epack Durable Ltd was incorporated on April 20, 2019, as EPACK Durables Solutions Private Limited' in Greater Noida, Uttar Pradesh vide Certificate of Incorporation dated May 6, 2019, issued by the RoC. Upon conversion of M/s E-Vision, a Partnership Firm, into a Private Limited Company, name of the Company was changed from EPACK Durables Solutions Private Limited' to EPACK Durable Private Limited', dated September 17, 2021. Again, the Company was converted from a Private Limited Company to a Public Limited Company and name of the Company was changed to EPACK Durable Limited', vide a fresh Certificate of Incorporation dated June 28, 2023, issued by the RoC.
| Event | Date |
|---|---|
| Epack Durable Ltd IPO Opening Date | 19 January 2024 |
| Epack Durable Ltd IPO Closing Date | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation of Refunds | 29 January 2024 |
| Credit of Shares to Demat | 29 January 2024 |
| Epack Durable Ltd IPO Listing Date | 30 January 2024 |
Epack Durable Ltd IPO Details
| Epack Durable Ltd IPO Date | 19 January 2024 to 24 January 2024 |
| Epack Durable Ltd IPO Face Value | ₹10 per share |
| Epack Durable Ltd IPO Price | ₹218 to ₹230 per share |
| Epack Durable Ltd IPO Lot Size | 65 |
| Issue Size | Shares of ₹10 (aggregating up to ₹640.05 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹400 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹240.05 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 55,84,779 of the Net Offer |
| Retail Shares Offered | Not less than 1,00,74,985 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 43,17,851 of the Net Offer |
| Company Promoters | Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania |
Epack Durable Ltd IPO Lot Size
The Epack Durable Ltd IPO lot size is 65 shares. A retail-individual investor can apply for up to 13 lots (845 shares or ₹1,94,350).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 65 | ₹14,950 |
| Maximum | 13 | 845 | ₹1,94,350 |
- Strengths
- Risks
- Opportunities
- Long-standing relationships with established customers, with potential to expand its customer base.
- Among the key manufacturers in the fast-growing room air conditioners ("RAC") and small domestic appliances ("SDA") manufacturing industries.
- Advanced vertically integrated manufacturing operations with product portfolio aimed at capturing the full spectrum of the RAC and SDA value chain.
- Robust product development and design optimisation capabilities.
- Experienced Promoters supported by senior management team with proven track record of performance.
Company Financials
Epack Durable Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,770.06 | 1,428.51 | 36.48 |
| 03-2023 | 1,464.97 | 1,521.41 | 32.78 |
| 03-2022 | 1,021.43 | 919.67 | 24.17 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements for setting up of a MFG facility in
- Funding capital expenditure requirements for setting up of a MFG facility
- Purchase of equipment for the Bhiwadi MFG Facility
- Repayment and/or prepayment in part or in full of certain outstanding loans of the company
- General corporate purposes
Epack Durable Ltd IPO Promoter Holding
| Pre Issue Share Holding | 12.32% |
| Post Issue Share Holding | 8.86% |
Epack Durable Ltd IPO Subscription Status (Bidding Detail)
The Epack Durable Ltd IPO is subscribed 16.37 times on 24 January 2024 05:00:00 PM. The public issue subscribed 6.29 times in the retail category, 25.5 times in the QIB category, and 28.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 25.5 | 28.1 | 6.29 | - | 16.37 |
Epack Durable Ltd IPO Prospectus
Epack Durable Ltd IPO Listing Date
| Listing Date | 30 January 2024 |
| BSE Script | 544095 |
| NSE Symbol | EPACK |
| Listing In | BSE, NSE |
| ISIN | INE0G5901015 |
| IPO Price | ₹230 |
| Face Value | ₹10 |
Company Contact Information
61-B Udyog Vihar SurajpurKasna Road Greater Noida,Gautam Buddha Nagar-201306
Phone: 91-120-2569077
Email: investors_ed@epack.in
Website: www.epackdurable.com
Epack Durable Ltd IPO Registrar
Epack Durable Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- Dam Capital Advisors Ltd
- ICICI Securities Ltd
FAQ
What is the issue size of Epack Durable Ltd IPO?
I have pre-applied for Epack Durable Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.