Epack Durable IPO
The initial public offering (IPO) of Epack Durable will open for subscription on January 19 and close on January 23, it is comprised of fresh and offer-for-sale (OFS) issues of Rs.640.05 Crore. An investor can apply for the issue for a minimum of 65 shares and the listing will happen on January 29, 2024.
#1. Quick Intro of Epack Durable Limited
Epack Durable Limited (2019) is engaged in the manufacturing of room air conditioners and small domestic appliances and their components. Cooktops, mixer grinders, water dispensers, heat exchangers, cross flow fans, axial fans, sheet metal press parts, copper fabricated products, etc are the items that are covered under the product portfolio of the company.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Epack Durable
The company intends to use the IPO Funds for the following purposes:
- Funding capital expenditure for expansion manufacturing facilities
- Repayment and/or prepayment, in part or full of certain outstanding borrowing
- General Corporate Purposes and net proceeds
#3. Epack Durable Core Strengths
- Long-standing relationships with customers, with the potential to expand the customer base
- Advance the key manufacturers in the fast-growing room of air conditioners, etc.
- Robust product development and design optimizing capabilities
- Experienced promoters supported by the senior management team.
#4. Epack Durable IPO Review & Rating
| Issue Size | 640.05 |
| Issue Price | Rs.218-230 |
| Minimum Lot Size | 65 |
| Total Profit (March 2023) | Rs.31.97 Cr |
| ROE | 14.68% |
| P/E | – |
| ROCE | 11.85% |
| Listing on | NSE BSE |
| IPO Deliver Rating | Three |
#5. Epack Durable IPO Dates, Price Band & Details
Epack Durable IPO will open on January 19, 2024, and close on January 23, 2024. The IPO is to be listed on January 29, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | 640.05 |
| Issue Price | Rs. 218-230 |
| Face Value | Rs.10 per share |
| IPO Open Date | January 19, 2024 |
| IPO Close Date | January 23, 2024 |
| IPO Allotment Date | January 24, 2024 |
| Refund Date | January 25, 2024 |
| Share Credit Date | January 25, 2024 |
| Listing Date | January 29, 2024 |
#6. Epack Durable IPO Offer Details
Epack Durable IPO’s total issue size is 27,828,351 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 17,391,304 | 400 |
| Offer for Sale (OFS) | 10,437,047 | 240.05 |
#7. Epack Durable Financials Overview (Crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 1,540.25 | 927.34 | 739.66 |
| Net Worth | 331.62 | 121.87 | 68.91 |
| Profit | 31.97 | 17.43 | 7.80 |
| Total Borrowings | 492.45 | 383.98 | 238.50 |
#8. Epack Durable Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 4.71 | 3.47 | 1.62 |
| RoNW (%) | 14.68 | 18.28 | 12.00 |
| NAV (Rs.) | 46.21 | – | – |
#9. Epack Durable Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in million) |
RoNW (%) | EPS (Rs.) |
| Ambar Enterprises | 69,270.95 | 14.68 | 4.71 |
| PG Electroplast | 21,599.48 | 35.78 | 21.88 |
#10. Epack Durable Company Promoters
The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Bajrang Bothra |
| 02. | Laxmi Pat Bothra |
| 03. | Sanjay Singhania |
| 04. | Ajay DD Singhania |
#11. Epack Durable IPO Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 85.49 |
| Post-issue | 65.36 |
#12. Epack Durable IPO Reservation Details
Epack Durable IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Individual Investor (RII) | Not more than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of issue size |
| NII (HNI) Shares Offered | Not more than 15% of issue size |
#13. Epack Durable IPO – Lot Size
An investor can apply for a minimum of 65 Shares in multiple thereof. Market lot sizes for the retail individual investors (RII) and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 65 | 14,950 |
| Retail (Max.) | 13 | 845 | 1,94,350 |
| HNI (Min.) | 14 | 910 | 2,09,300 |
| HNI (Max.) | 66 | 4290 | 986,700 |
#14. Epack Durable IPO – Prospectus Copy
An investor can download/view the Epack Durable prospectus copy, which the company filed to SEBI, details are as follows.
| Epack Durable IPO Prospectus |
| Draft Red Herring Prospectus (DHRP) |
| Red Herring Prospectus (RHP) |
#15. Epack Durable IPO Registrar
Kfin Technologies Limited
Phone No.: +91-40-67162222
E-Mail: epack.ipo@kfintech.com
Website: www.kfintech.com
#16. Epack Durable IPO Lead Manager
#1. Axis Capital Limited
#2. DAM Capital Advisors Limited
#3. ICICI Securities Limited
#17. Epack Durable IPO Application (How to Apply for an IPO)
There are three primary options for applying for an Epack Durable IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Epack Durable Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Epack Durable Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Epack Durable Company Details
Epack Durable Limited
Registered Office: 61-B, Udyog Vihar, Surajpur, Kasna Road, Greater Noida, Gautam Buddha Nagar, 201306, Uttar Pradesh, INDIA
Phone No: +91-120 4969771
Email: investors_ed@pack.in
Website: www.epackdurable.com
Investor Grievances/Compliance Officer: Esha Gupta
#19. Epack Durable Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | Epack Components Private Limited |
| 02. | – |
#20. Epack Durable Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Bajrang Bothra |
| 02. | Laxmi Pat Bothra |
Epack Durable IPO – Frequently Asked Questions (FAQs)
| #1. What is Epack Durable IPO?
Epack Durable brings its IPO of Rs.640.05, on January 19, 2024, with a price band of Rs.218-230 per share. |
| #2. What is the Epack Durable IPO Open date?
Epack Durable IPO’s opening date is January 19, 2024 |
| #3. What is the Epack Durable IPO Close Date?
Epack Durable IPO’s closing date is January 22, 2024. |
| #4. What is the Epack Durable IPO Listing date?
Epack Durable’s IPO listing date is January 29, 2024. |
| #5. What is the Epack Durable IPO Minimum investment amount?
Epack Durable IPO’s minimum investment amount is Rs.14,950. |
| #6. What is the Epack Durable IPO offer issue Size?
Epack Durable offers an issue size of Rs.640.05 Crore. |
| #7. What is the Epack Durable IPO Price Band?
Epack Durable’s IPO price band is Rs.218-230 per share. |
| #8. Is Epack Durable IPO mainboard IPO or SME IPO?
Epack Durable IPO is a mainboard IPO. |
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