EPACK Durable IPO

EPACK Durable Limited

₹14,170 /65 sharesMinimum Investment

EPACK Durable IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹230.00₹221.00-₹9.00 (3.91%)

EPACK Durable IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Jan ‘24 - 24 Jan ‘24₹14,17065₹218 - ₹230
Issue SizeIPO Doc
640.05Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers25.5x
Non-Institutional Investor28.1x
Retail Individual Investor6.29x
Total16.37x

About the company

EPACK Durable Limited is a room air conditioner (RAC) design and manufacturing company. They initially served as an OEM (Original equipment manufacturer) for RAC brands, and then the company transitioned into an ODM (Original design manufacturer) partner for RACs, producing components like sheet metal, injection-molded parts, cross-flow fans, and PCBA components crucial in RAC manufacturing. Apart from air conditioners, EPACK Durable Limited is involved in the small domestic appliances sector. They design and manufacture induction cooktops, mixer grinders, and water dispensers. The company operates research and development centers in Greater Noida, Bhiwadi, and Dehradun, equipped with endurance test labs for RACs and SDAs (Small domestic appliance), induction coil-automatic voltage testers, induction coil-breakdown testers, needle flame testers, and customized glow wire testers.;
Founded in
BSE,NSE
Managing director
Mr. Ajay DD Singhania
Parent organisation
EPACK Durable Limited

Strength and risks

Strengths
Risks
As per the total number of units produced, including indoor and outdoor unit in 2023, EPACK Durable ranked as the second-largest manufacturer of RACs through the ODM route in India. EPACK Durable Limited has established relationships with prominent Indian and global customers. Some of the company’s clients include Blue Star Limited, Daikin Airconditioning India Private Limited, and Voltas Limited.
In the six months ended September 30, 2023, and years 2023, 2022, and 2021, the top five customers contributed to Rs. 489.49 crores, Rs. 1,272.02 crores, Rs. 709.99 crores, and Rs. 524.36 crores, respectively, amounting to 79.62%, 82.66%, 76.82%, and 71.22% of revenue from operations.
With advanced vertically integrated manufacturing operations, EPACK Durable Limited is able to achieve backward integration for RACs at a single location in India. Their facilities contribute to their efficient logistics management and control over operational costs.
EPACK Durable Limited's technical expertise in plastic, metallurgy, electronic engineering, and refrigerants, combined with a dedicated R&D team, positions the company to achieve cost efficiencies while maintaining product quality.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular218 - 230₹2 Lakh
High Networth Individual218 - 230₹2 - 5 Lakh
For EPACK Durable IPO, eligible investors can apply as Regular.
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