IPO - EPACK Durable Limited





EPACK Durable Limited IPO

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

EPACK Durable is the second largest room air conditioner Original Design Manufacturer (“ODM”) in India, in terms of number of indoor and outdoor units manufactured in Fiscal 2023 through its ODM route. The expertise of EPACK Durable lies in manufacturing a diverse portfolio of Room Air Conditioners and Small Domestic Appliances (SDAs).

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.

A customer-centric company where business is driven by a focus on continuous innovation and operational efficiency. EPACK Durable has been on a journey of evolution for the past two decades.

EPACK Durable IPO price band is set at ₹218 to ₹230 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,950. 

EPACK Durable IPO is a book built issue of Rs 640.05 crores. 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.

Objects of the Issue 

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.

EPACK Durable IPO Timeline (Tentative Schedule)

EPACK Durable IPO opens on January 19, 2024, and closes on January 23, 2024.

IPO Open DateFriday, January 19, 2024
IPO Close DateTuesday, January 24, 2024
Basis of AllotmentWednesday, January 24, 2024
Initiation of RefundsThursday, January 25, 2024
Credit of Shares to DematThursday, January 25, 2024
Listing DateTuesday, January 30, 2024
Cut-off time for UPI mandate confirmation5 PM on January 23, 2024

EPACK Durable IPO Details

IPO DateJanuary 19, 2024 to January 24, 2024
Listing DateTuesday, January 30, 2024
Face Value₹10 per share
Price Band₹218 to ₹230 per share
Lot Size65 Shares
Total Issue Size27,828,351 shares
(aggregating up to ₹640.05 Cr)
Fresh Issue17,391,304 shares
(aggregating up to ₹400.00 Cr)
Offer for Sale10,437,047 shares of ₹10
(aggregating up to ₹240.05 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue78,407,387
Share holding post issue95,798,691                                                    

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