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IPO Status: Listed [19th Jan 2024 to 24th Jan 2024]
EPACK Durable IPO, a Mainline IPO of ₹640.05 Cr was launced on 19-01-2024 to 24-01-2024 and the shares got listed on BSE, NSE on 30-01-2024.
The public issue of EPACK Durable IPO (EPACK,544095) was offered at ₹230.00 per share and the ipo was listed at ₹221. It has delivered listing loss of -3.91%.
As the minimum lot size was 65 shares, the IPO has offered Rs -585 per lot loss on listing.
| IPO Issue Opening Date: | 19th Jan 2024 |
| IPO Issue Closing Date: | 24th Jan 2024 |
| IPO Issue Price: | ₹218.00-230.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹640.05 Cr |
| Offer for Sale: | ₹240.05 Cr |
| Fresh Issue: | ₹400.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 85.49% |
| Promoter Holding Post IPO: | 65.36% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544095 |
| NSE Code: | EPACK |
Get important updates regarding EPACK Durable IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Jan 2024 |
| Refunds Initiation* | 29th Jan 2024 |
| Credit of Shares to Demat* | 29th Jan 2024 |
| IPO Listing Date* | 30th Jan 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹218.00-230.00 |
| Market Lot: | 65 Shares |
| 1 Lot Amount: | ₹14950 |
| Min Small HNI Lots(2-10 Lakh): | 910 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4355 shares (67 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 30-01-2024 | 230.00 | 5 | 200/2800 | ₹235 (2.17%) | 30-Jan-2024 9:34 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
EPACK Durable Limited was founded in Noida in 2019. It is the fastest growing manufacturer of room air conditioners (“ODM”) based on the growth in production volume between the financial years 2020 and 2023 in India. Moreover, EPACK Durable Limited is the second largest ODM manufacturer in the Indian air conditioner market with a market share of 29% in terms of production volume in FY 2023.
The company also recognised the opportunity to add value to its customersand accordingly started manufacturing various components such as sheet metal, injection moulded parts, cross flow fans and PCBA components which are actively used in the manufacturing of air conditioners. In parallel, the company utilised its existing production infrastructure to strategically expand its activities in the small household appliance market, especially considering the seasonal demand for lighting fixtures, and is currently developing and producing induction cooktops, grinders and water dispensers. This shows that the company continues to focus on the backward integration of its activities and the diversification of its revenue streams.
The two vertically integrated production sites enable the company to maintain operating costs and logistics management. The company benefits from its manufacturing capabilities at a single site where component manufacturing and product assembly take place in one location. It has the highest degree of backward integration for RACs under a single company/single site that has grown organically within the same company in India.
| Incorporation | Sector | IPO Issue Size | Website |
| 2019 | Household Appliances | ₹640.05 Cr | https://epackdurable.com/ |
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,565,670 (28.57%) | 4,174,253 (21.43%) | 9,739,923 (50%) | 19,479,846 | |
| 1 | 19th Jan 2024 18:29 | 0.01x | 0.85x | 1.24x | 0.80x |
| 2 | 20th Jan 2024 01:01 | 0.01x | 0.86x | 1.27x | 0.82x |
| 3 | 23rd Jan 2024 19:04 | 0.17x | 8.19x | 3.99x | 3.80x |
| 4 | 24th Jan 2024 19:04 | 25.59x | 29.07x | 6.50x | 16.79x |
EPACK Durable Limited's revenue increased by 66.09% and profit after tax (PAT) rose by 83.39% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Revenue | 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| EPACK Durable Limited | 4.71 | 4.64 | 46.21 | 56.4 | 14.68 | Consolidated |
| Amber Enterprises India Ltd | 46.66 | 46.66 | 579.94 | 66.28 | 8.79 | Consolidated |
| PG Electroplast Limited | 35.78 | 33.77 | 174.09 | 67.27 | 21.88 | Consolidated |
| Dixon Technologies (India) Ltd | 42.92 | 42.62 | 215.69 | 139.96 | 22.36 | Consolidated |
| Elin Electronics Ltd | 6.29 | 6.29 | 99.3 | 24.28 | 6.73 | Consolidated |
Last Updated on 03-Feb-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase EPACK Durable IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply EPACK Durable IPO with Zerodha.
Alternate approch to apply in EPACK Durable IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
EPACK Durable IPO Review and Important Updates
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To subscribe or apply in EPACK Durable IPO, you can use the following methods:
| EPACK Durable IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in EPACK Durable IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in EPACK Durable IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in EPACK Durable IPO. Most of the Syndicate Banks provide access to apply in EPACK Durable IPO via ASBA process. You must have your net banking access, DP ID information to apply in EPACK Durable IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in EPACK Durable IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
EPACK Durable IPO Review and Important Updates
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Applying in EPACK Durable IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download EPACK Durable IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply EPACK Durable IPO, please refer article >> Link
EPACK Durable IPO Review and Important Updates
Steps to download the online application form for EPACK Durable IPO
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EPACK Durable IPO is going to be list on 30-01-2024. NSE Code for EPACK Durable is EPACK. BSE Code for EPACK Durable is 544095.
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When EPACK Durable IPO will be listing? EPACK Durable IPO NSE listing date?EPACK Durable IPO date of listing.EPACK Durable IPO BSE listing date?
EPACK Durable IPO Allotment Date is 25-01-2024.
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EPACK Durable IPO share allotment date?EPACK Durable IPO allotment date?
