The EPACK Durable IPO, scheduled to open for subscription on January 19, 2024, and close on January 23, 2024, is a book-built issue. The IPO comprises a fresh issue of Rs 400.00 crore and an offer for sale of 1.31 crore shares. The tentative listing date on BSE and NSE is set for Monday, January 29, 2024.
The price bands for the IPO are yet to be announced. Axis Capital Limited, Dam Capital Advisors Ltd (formerly IDFC Securities Ltd), and ICICI Securities Limited are the book running lead managers, and Kfin Technologies Limited is the registrar for the issue.
Here are some key details of the EPACK Durable IPO:
– **IPO Date:** January 19, 2024, to January 23, 2024
– **Listing Date:** To be announced
– **Face Value:** ₹10 per share
– **Lot Size:** To be announced
– **Total Issue Size:** To be announced
– **Fresh Issue:** ₹400.00 crore
– **Offer for Sale:** 13,067,890 shares of ₹10
– **Issue Type:** Book Built Issue IPO
– **Listing At:** BSE, NSE
**EPACK Durable IPO Reservation:**
– **QIB Shares Offered:** Not more than 50.00% of the Net offer
– **Retail Shares Offered:** Not less than 35.00% of the Offer
– **NII (HNI) Shares Offered:** Not less than 15.00% of the Offer
**EPACK Durable IPO Timeline (Tentative Schedule):**
– IPO Open Date: Friday, January 19, 2024
– IPO Close Date: Tuesday, January 23, 2024
– Basis of Allotment: Wednesday, January 24, 2024
– Initiation of Refunds: Thursday, January 25, 2024
– Credit of Shares to Demat: Thursday, January 25, 2024
– Listing Date: Monday, January 29, 2024
– Cut-off time for UPI mandate confirmation: 5 PM on January 23, 2024
**EPACK Durable IPO Promoter Holding:**
– Promoters: Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania
– Share Holding Pre Issue: 85.49%
– Share Holding Post Issue: 65.36%
**About EPACK Durable Limited:**
EPACK Durable Limited, incorporated in 2019, is an Original Design Manufacturer (ODM) of room air conditioners (RAC). The company also manufactures components used in RAC production and has expanded into the small domestic appliance (SDA) market, producing induction hobs, blenders, and water dispensers. The company operates multiple production facilities in Dehradun and Bhiwadi.
**EPACK Durable Limited Financial Information (Restated):**
– Revenue increased by 66.09%, and profit after tax (PAT) rose by 83.39% between March 31, 2022, and March 31, 2023.
– Key Performance Indicators: ROE (Return on Equity) 14.68%, ROCE (Return on Capital Employed) 9.20%, Debt/Equity 1.58, and RoNW (Return on Net Worth) 14.68%.
**Objects of the Issue (EPACK Durable IPO Objectives):**
The net proceeds from the fresh issue will be utilized for funding capital expenditure for manufacturing facilities, repayment/prepayment of certain outstanding loans, and general corporate purposes.
For detailed information, refer to the EPACK Durable IPO RHP (Red Herring Prospectus).
