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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹640.05 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹240.05 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹218.00-230.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544095 |
| NSE Code | EPACK |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 65 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the expansion / setting up of manufacturing facilities (total of i+ii+iii) | 230.00 |
| 2 | Funding capital expenditure requirements for setting up of a manufacturing facility in Sri City, Andhra Pradesh | 105.25 |
| 3 | Purchase of equipment for the Bhiwadi Manufacturing Facility | 14.14 |
| 4 | Repayment and/or prepayment, in part or in full, of certain outstanding loans of the Company | 80.00 |
| 5 | General corporate purposes | 69.68 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,071.45 | 1,464.16 | 1,076.68 | 520.37 |
| Total Income | 616.32 | 1,540.25 | 927.34 | 739.66 |
| Profit After Tax | 2.65 | 31.97 | 17.43 | 7.80 |
| NET Worth | 478.31 | 313.62 | 121.87 | 68.91 |
| Total Borrowing | 369.57 | 492.45 | 383.98 | 238.56 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 14.68% |
| ROCE | 11.85% |
| Debt / Equity | 1.58% |
| RoNW | 14.68% |
| PAT Margin | 2.08% |
| Price to Book Value | 4.98 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.08 | 0.55 |
| P/E (x) | 56.4 | 415.1 |
| Promoter Holding | 65.36% | 48.09% |
| Market Cap | ₹2203.37 Cr. | |
