EPACK Durable Limited IPO : Company Details

EPACK Durable Limited IPO is set to launch on 19 January, 2024. The company initiated its business operations in the year 2019. It is an ODM for room air conditioners. The product line of the company includes products such as injection moulding parts, sheet metal parts, PCBA Components used in RACs and cross flow fans. It has 4 manufacturing facilities. All of them are located in Dehradun. Another manufacturing facility of the firm is located in Rajasthan. The company employs 734 full time employees.

EPACK Durable Limited IPO DETAILS

EPACK Durable Limited IPO is set to launch on 19 January, 2024. The subscription timeline extends till 24 January, 2024. The size for the IPO is 640.05 Crore Rs. Shares issued through fresh issue mode are worth Rs 400 Crore. Shares issued through offer for sale mode are worth Rs 240.05 Crore. The lot size is 65 shares and the price is 218 Rs to 230 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is KFin Technologies Private Limited.

Tabular Description of EPACK Durable Limited IPO

IPO OPENING DATE	19 January, 2024
CLOSING DATE FOR IPO	24 January, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	218 Rs. to 230 Rs. per share
LOT SIZE	65 shares
MINIMUM ORDER QUANTITY	65 shares
ISSUE SIZE	640.05 Crore Rs.
OFFER FOR SALE	240.05 Crore Rs.
FRESH ISSUE	400 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	30 January, 2024

EPACK Durable Limited IPO : IMPORTANT DATES

IPO OPENING DATE	19 January, 2024
CLOSING DATE FOR IPO	24 January, 2024
IPO ALLOTMENT DATE	25 January, 2024
REFUNDS	29 January, 2024
DEMAT A/C CREDITED ON	29 January, 2024
IPO LISTING DATE	30 January, 2024

EPACK Durable Limited IPO begins for subscription from 19 January, 2024. The IPO subscription would continue till 24 January, 2024. The allotment status for the shareholders who applied would come on 25 January, 2024. The refunds for the ones who did not get allotment would be initiated on 29 January, 2024. The DEMAT accounts of shareholders would be credited on 29 January, 2024. The listing of the company would be completed on 30 January, 2024.

EPACK Durable Limited IPO : Lead Managers

The lead managers are :

• ICICI Securities Limited
• Axis Bank Limited
• DAM Capital Advisors Limited

The minimum lot size for the company is decided at 65 shares. This holding accounts to 14950 Rs.. The maximum lot size is decided at 845 shares. This amounts to 194350 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	65 shares	14950 Rs.
Maximum	845 shares	194350 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• With the IPO money the company might pay its outstanding loans.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2020-21	2021-22	2022-23
ASSETS	520	1076	1464
Revenue	739	927	1540
PAT	7	17	31

EPACK Durable Limited had an asset base of 520 Crore Rs in 2021 which increased to 1076 Crore Rs in 2022. The asset base of the company was 1464 Crore Rs in 2023. The revenue of the firm was 739 Crore Rs in 2021 which increased to 927 Crore Rs in 2022. The revenue of the firm increased to 1540 Crore Rs in the year 2023. Despite such a huge asset base and revenue the company’s profit was just 7 Crore Rs in 2021. This increased with time but not as much as the revenue the company does. The profit increased to 17 Crore Rs in the year 2022 wherein the revenue was 927 Crore Rs. The revenue of the firm was 1540 Crore Rs in 2023 and the profit for the same year was just 31 Crore Rs.

PROS

• The product line of the company includes products such as injection moulding parts, sheet metal parts, PCBA Components used in RACs and cross flow fans.
• It has 4 manufacturing facilities. All of them are located in Dehradun.
• Another manufacturing facility of the firm is located in Rajasthan.
• The company employs 734 full time employees.

EPACK Durable Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the EPACK Durable Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.