₹ 14950 / 65 shares

IPO Details

RHP/DRHP

Issue Date

19 Jan - 24 Jan'24

Investment/lot

₹ 14950

Price Range

218 - 230

Lot Size

65

IPO Size

₹ 640.05 Cr

IPO Listing Details

Listing On

30 Jan'24

Issue Price

230

Listed Price

₹ 221

Retail Gain/Listing Gain

-3.91%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Here are the steps to apply for Epack Durable Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Epack Durable Limited is the second largest room air conditioner original design manufacturer (ODM) in India in terms of number of units (indoor units + outdoor units) manufactured in Fiscal 2023 through the ODM route (Source: F&S Report).

The company has also started manufacturing various components such as sheet metal, injection moulded, cross-flow fans and PCBA components which are actively used in the manufacturing of RACs. In parallel, the company strategically expanded operations in the small domestic appliances (SDA) market, particularly considering the seasonality of the demand for RACs.

Epack Competitive Strengths

The company caters their RAC products to customers such as Daikin Airconditioning India Private Limited, Voltas Limited, Havells India Limited, Godrej and more, with an average relationship spanning 8.7 years. Some of their SDA customer bases include Bajaj Electricals Limited, and Usha International Limited, with an average relationship spanning 6.3 years. The company attributes its growth and expansion to its relationships with customers and intends to continue leveraging such relationships for future growth.

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The company relies on its integrated location-focused manufacturing operations, product development and design capabilities, and its focus on quality and cost-efficient manufacturing processes to achieve customer satisfaction, foster customer loyalty, and generate repeat business.

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Aside from being the second largest RAC ODM manufacturer in India, this industry poses high barriers to entry for new entrants. Due to the expertise and capital required to sustain this business, the company benefits from its high-standing position.

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  • A significant portion of the revenue is generated from certain key customers.

  • Their customers do not make long-term commitments and may cancel or change their sourcing requirements.

  • The business is dependent on three manufacturing facilities, and they are subject to certain risks in the manufacturing process.

  • Expanding the existing product portfolio, including the RAC and SDA components.

  • Continue driving operational efficiencies through the expansion of their integrated manufacturing capabilities and continued investment in R&D infrastructure.

  • Increase wallet share with existing customers and continue expanding existing customer base.

Here are the key financials for Epack Durable Limited:

Particulars (in Rs. Lakhs)

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Epack Durable Limited FAQs

The Epack Durable Limited IPO has an issue size of Rs. 640.05 crores. The IPO opens for subscription on 19th January 2024 and closes on 23rd January 2024.

KFin Technologies Limited is the registrar for this IPO.

You may read more about Epack Durable Limited and its IPO from the company’s red herring prospectus (RHP) here:

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