₹ 14950 / 65 shares
IPO Details
RHP/DRHPIssue 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%
IPO Timeline
How To Apply for Epack Durable Ltd IPO?
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 Company Background
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.
Long-standing relationships with established customers, with the potential to expand the customer base
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.
Robust product development and design optimisation capabilities
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.
Among the key manufacturers in the fast-growing RAC and SDA manufacturing industries
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.
Risk Factors
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A significant portion of the revenue is generated from certain key customers.
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Their customers do not make long-term commitments and may cancel or change their sourcing requirements.
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The business is dependent on three manufacturing facilities, and they are subject to certain risks in the manufacturing process.
Key Strategies
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Expanding the existing product portfolio, including the RAC and SDA components.
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Continue driving operational efficiencies through the expansion of their integrated manufacturing capabilities and continued investment in R&D infrastructure.
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Increase wallet share with existing customers and continue expanding existing customer base.
Epack Key Financials
Here are the key financials for Epack Durable Limited:
Particulars (in Rs. Lakhs)
Particulars (in Rs. Lakhs)
How to apply for IPO through ASBA
Kotak Securities
•00m 59 s
How to apply for an IPO using UPI
Kotak Securities
•01m 19 s
How to apply for an IPO using UPI
Epack Durable Ltd IPO FAQs
When is Epack Durable Ltd IPO listing date?
Epack Durable Ltd will list on 2024-01-30.
What is the issue size of Epack Durable Ltd IPO?
640.05 is the issue size of Epack Durable Ltd IPO.
What is the minimum lot size required for Epack Durable Ltd IPO?
The minimum lot size is 65 shares and the investment required is ₹14950.
What is the price band of the Epack Durable Ltd IPO?
The price band of Epack Durable Ltd IPO is ₹218 to ₹230.
Where can I read more about Epack Durable Ltd business?
You can read more about Epack Durable Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Epack Durable Limited IPO?
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.
Who is the Registrar for Epack Durable Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about Epack Durable Limited’s business?
You may read more about Epack Durable Limited and its IPO from the company’s red herring prospectus (RHP) here:
