EPACK Durable IPO
EPACK Durable IPO — date, price band, lot size & details 2024
EPACK Durable listed on 30 Jan 2024 at ₹221, 3.9% below the ₹230 issue price.
EPACK Durable is the second largest room air conditioner ODM in India by units, and also makes small domestic appliances for brands. Its total income was Rs 1,540.25 crore in FY2023.
Stock price
EPACK Durable is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 19 Jan 2024
- Close 24 Jan 2024
- Allotment 25 Jan 2024
- Refund/credit 29 Jan 2024
- Listing 30 Jan 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 24 Jan, 2024 |
|---|---|
| Price Band | ₹218 – ₹230 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹640.05 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,950 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 65 shares at the ₹230 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹14,950 |
| Retail (max) | 13 | 845 | ₹1,94,350 |
| S-HNI (min) | 14 | 910 | ₹2,09,300 |
| S-HNI (max) | 66 | 4,290 | ₹9,86,700 |
| B-HNI (min) | 67 | 4,355 | ₹10,01,650 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 739.66 crore in FY2021 to Rs 1,540.25 crore in FY2023.
- 02Profit after tax rose from Rs 7.80 crore in FY2021 to Rs 31.97 crore in FY2023.
- 03It is the 2nd largest room AC ODM in India by units.
- 04Rs 400.00 crore of the issue was fresh capital for new capacity and debt repayment.
- 05Net worth grew from Rs 68.91 crore on 31 March 2021 to Rs 478.31 crore on 30 September 2023.
Risks · 5
- 01Margins are thin, and the source puts the PAT margin at 2.08%.
- 02Profit was only Rs 2.65 crore in the six months to 30 September 2023, as AC sales are seasonal.
- 03The pre-issue P/E was 56.4 at the upper band of Rs 230, based on EPS of Rs 4.08.
- 04It has no formal hedging policy for imported parts, so currency moves can hurt. Borrowing was Rs 369.57 crore on 30 September 2023.
- 05Promoters held 65.36% before the issue and 48.09% after it.
Three years of numbers
All figures in ₹ crore, as reported in the EPACK Durable offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,071.45 | 1,464.16 | 1,076.68 | 520.37 |
| Total Income | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the EPACK Durable RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
EPACK Durable IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.08 | ₹0.55 |
| P/E Ratio (x) | 56.40 | 415.10 |
| Market Cap at Offer Price (₹ Cr) | ₹149.39 | ₹1,108.18 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹230 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹499.07 Cr of the issue is earmarked to named objects.
About the company
It designs and makes room air conditioners and small domestic appliances for brands, and is driven by innovation and operational efficiency.
It has manufacturing facilities including one at Bhiwadi, Rajasthan, and is setting up a facility at Sri City, Andhra Pradesh.
The IPO was Rs 640.05 crore, with Rs 400.00 crore of fresh issue and Rs 240.05 crore of offer for sale by promoters and investors. Rs 230.00 crore was planned for new and expanded manufacturing facilities and Rs 80.00 crore for repaying loans.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
EPACK Durable IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Dam Capital Advisors Ltd
44 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of EPACK Durable?
The current Grey Market Premium is ₹10, or 4% over the issue price.
What is the EPACK Durable IPO price band?
₹218 to ₹230, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 January 2024, with listing on 30 January 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
