EPACK Durable Limited IPO

Price
₹218 - ₹230
Lot
65
Subs.
16.79
Expected Listing Earning

Exp. Premium(GMP):
15.00(6.52%)
IPO Details

Open Date: 19-Jan-2024
Close Date: 24-Jan-2024
Allotment Date: 21-Jan-2024
Listing Date: 29-Jan-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹218-230 Per Equity Share
Issue Size: Total Issue Size 27,828,351 shares (aggregating up to ₹640.05 Cr) : Fresh Issue 17,391,304 shares (aggregating up to ₹400.00 Cr) : Offer for Sale 10,437,047 shares of ₹10 (aggregating up to ₹240.05 Cr)
Market Lot (Min Amount): Retail - ₹14,950 : S-HNI - ₹209,300 : B-HNI - ₹1,001,650
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved5,565,6704,174,2539,739,92319,479,846
Day 1 - 19-01-24 
05:00 PM
0.01x0.85x1.24x0.80x
Day 2 - 23-01-24 
05:00 PM
0.17x8.19x3.99x3.80x
Day 3 - 24-01-24 
05:00 PM
25.59x29.07x6.50x16.79x
Total No. of Application:849,840 (Approx.)
Retail Subscription on the basis of Apps:5.67x
Valuations

Earning Per Share(EPS)4.08/-
P/E Ratio56.4
RoNW14.68%
Net Asset Value (NAV) - Post Issue:46.21/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,20231,071.45616.322.65
31 Mar,20231,464.161,540.2531.97
31 Mar,20221,076.68927.3417.43
31 Mar,2021520.37739.667.80
Promoter(s)

Pre Issue Share Holding85.49%
Post Issue Share Holding65.36%
Company Promoter(s)
1. Bajrang Bothra
2. Laxmi Pat Bothra
3. Sanjay Singhania
4. Ajay DD Singhania
Issue Objective(s)

The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:

  1. Funding capital expenditure for the expansion/setting up of manufacturing facilities;
  2. Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company;
  3. General corporate purposes.
About Company

Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).

The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.

The company has four production facilities in Dehradun, namely Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, and one manufacturing facility at Bhiwadi, Rajasthan, with an annual production capacity as on March 31, 2023 for manufacturing (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits and 0.42 million WACs and (ii) 0.11 million water dispensers, 1.2 million induction hobs and 0.30 million mixers and their components.

As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.