Epack Durable Ltd IPO

EPACK Durable Limited manufactures room air conditioners (RAC) and small domestic appliances (SDA), and its components. The Company operates in the RAC industry and the SDA industry, which are sub-sets of the consumer durables market. The small domestic appliances we currently design and manufacture include induction cooktops, mixergrinders, and water dispensers. Further, the components the company manufactures are heat exchangers, cross flow fans, axial fans, sheet metal press parts, injection moulded components, copper fabricated products, PCBAs, universal motors and induction coils for captive consumption as well as part of its product offerings to its customers. Its listed peers include Amber Enterprises India Limited, PG Electroplast Limited, Dixon Technologies (India) Limited, and Elin Electronics Limited.

Open Demat Account

50years

Epack Durable Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
278.28 L104.37 L97.4 L336.38 LBSE₹ 640.05 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
19 Jan, 2424 Jan, 2465 ₹ 14,170 Book Building30 Jan, 24

Epack Durable Ltd IPO Dates

  • 19 Jan 2024

    Opening date

  • 24 Jan 2024

    Closing date

  • 25 Jan 2024

    Basis of
    Allotment

  • 29 Jan 2024

    Initiation of
    Refunds

  • 29 Jan 2024

    Credit of
    Shares

  • 30 Jan 2024

    Listing date

Details

SectorType
SectorAir-conditioners
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB10.24x13914175142422020
NII29.07x4174253121329780
Retail6.5x973992363342825
Employee0x00
Total11.75x27828351327094625

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Epack Durable Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations63.7145.7819.60
EBITDA85.4458.9228.59
PAT30.5124.177.54
Total Assets849.76685.21402.01
Share Capital52.0952.0948.17
Total Borrowings523.35401.44254.26
Operating Activities (Net Cash)52.2437.3116.53
Investing Activities (Net Cash)-50.7628.930.00
Financing Activities (Net Cash)523.35401.44254.26
Net Cashflow75.1853.5211.54

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Epack Durable Ltd

The Company was incorporated on April 20, 2019, as `EPACK Durables Solutions Private Limited' in Greater Noida, Uttar Pradesh, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 6, 2019, issued by the Registrar of Companies, Uttar Pradesh at Kanpur (RoC), upon the conversion of M/s E-Vision, a partnership firm (constituted in 2005 pursuant to the partnership deed dated July 16, 2005), into a private limited company. Subsequently, pursuant to a resolution passed by its Shareholders in the extraordinary general meeting held on July 30, 2021, the name of the Company was changed from `EPACK Durables Solutions Private Limited' to `EPACK Durable Private Limited', as part of the corporate rebranding of the Company to reflect the principal business being undertaken by the Company, and consequently, a fresh certificate of incorporation dated September 17, 2021, was issued by the RoC to the Company. Thereafter, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by its Shareholders in the extraordinary general meeting held on June 13, 2023, and the name of the Company was changed to `EPACK Durable Limited', and a fresh certificate of incorporation dated June 28, 2023, was issued to the Company by the RoC.

The Indian consumer durables market size grew from Fiscal 2018 to Fiscal 2023 at a CAGR of 10.1%. The Company operates in the room air conditioners (RAC) industry and the small domestic appliances (SDA) industry, which are sub-sets of the consumer durables market. In the near future, the market is anticipated to experience growth acceleration fuelled by rising rural consumption, a shorter replacement cycle, increased retail penetration, and the availability of numerous brands and products at various price points. The overall market size of consumer durables market for Fiscal 2023 is estimated at Rs. 1,303 billion, and the market is expected to grow at an 13.7% CAGR until Fiscal 2028.

Peer Comparison:

  • Amber Enterprises India Ltd
  • PG Electroplast Ltd
  • Dixon Technologies (India) Ltd
  • Elin Electronics Ltd

Epack Durable Ltd IPO Key Points

Strengths

  • 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.

Risk

  • A significant portion of its revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their requirement for its products could adversely affect its business, results of operations, financial condition and cash flows.
  • The company customers do not make long-term commitments to it and may cancel or change their production requirements. Such cancellations or changes may adversely affect its financial condition, cash flows and results of operations.
  • The company's business is dependent on its manufacturing facilities, and its subject to certain risks in the company manufacturing process. Any slowdown or shutdown in its manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

Strategy

  • Expanding its existing product portfolio, including our RAC and SDA components product portfolio.
  • Continue to drive operational efficiencies through expansion of its integrated manufacturing capabilities and continued investment in its R&D infrastructure.
  • Increase wallet share with existing customers and continued focus to expand its customer base.
  • Further explore initiatives to strengthen control over its supply chain.
  • 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.

How To Apply for Epack Durable Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Epack Durable Ltd's IPO offers shares for up to ₹ 0 L It begins on Jan 19, 2024 and ends on Jan 24, 2024.

The price of Epack Durable Ltd IPO ranges between ₹218 to ₹230 per share.

The Epack Durable Ltd IPO opens on Jan 19, 2024 and closes on Jan 24, 2024.

The allotment for the Epack Durable Ltd IPO will be finalised on Jan 25, 2024. The shares will be listed on BSE and NSE on Jan 30, 2024.

The minimum lot size for Epack Durable Ltd IPO is 65 shares, priced between ₹218 to ₹230 per share.

The GMP (Grey Market Premium) of Epack Durable Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Epack Durable Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Epack Durable Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 19, 2024, and closes on Jan 24, 2024. The allotment is finalised on Jan 25, 2024.

To apply for the Epack Durable Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.