EPACK Durable Limited IPO
- IPO Date19 Jan, 2024 to 24 Jan, 2024
- Listing Date30 Jan, 2024
- Face Value₹10 per share
- Issue Price₹218 to ₹230 per share
- Lot Size65 Shares
- Minimum Investment₹14,950
- Listing AtBSE, NSE
- Total Issue Size2,78,28,351 Shares
(aggregating up to ₹640.05 Cr) - Fresh Issue1,73,91,304 Shares
(aggregating up to ₹400.00 Cr)
- Offer for Sale1,04,37,047 Shares
(aggregating up to ₹240.05 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue7,84,07,387
- Shareholding post issue9,57,98,691
IPO Dates
Closing Date
24 Jan, 2024
Initiation of Refunds
29 Jan, 2024
Listing Date
30 Jan, 2024
19 Jan, 2024
Opening Date
25 Jan, 2024
Basis of Allotment
29 Jan, 2024
Credit of Shares
EPACK Durable Limited Lot Size
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,950 |
| B-HNI (Min) | 67 | 4355 | ₹10,01,650 |
| S-HNI (Max) | 66 | 4290 | ₹9,86,700 |
| Retail (Max) | 13 | 845 | ₹1,94,350 |
| S-HNI (Min) | 14 | 910 | ₹2,09,300 |
EPACK Durable Limited Promoter Holding
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 85.49% | 65.36% |
EPACK Durable Limited COMPANY INFORMATION
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. EPACK Durable IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for EPACK Durable IPO was finalized on Thursday, January 25, 2024. EPACK Durable IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 30, 2024. 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. The minimum lot size investment for sNII is 14 lots (910 shares), amounting to ₹209,300, and for bNII, it is 67 lots (4,355 shares), amounting to ₹1,001,650. Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and ICICI Securities Limited are the book running lead managers of the EPACK Durable IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to EPACK Durable IPO RHP for detailed information.
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.
FAQs About Epack Durable Limited Ipo
EPACK Durable Limited IPO will open on 19 Jan, 2024 and close on 24 Jan, 2024. Investors must apply within this period to participate.
The EPACK Durable Limited IPO price band is set between ₹218.00 and ₹230.00 per share. The minimum lot size is 65, requiring an investment of at least ₹14950.00.
The EPACK Durable Limited IPO shares are expected to be listed on 30 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your EPACK Durable Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The EPACK Durable Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.