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Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC).
The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.
The company has four production facilities in Dehradun, namely Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, and one manufacturing facility at Bhiwadi, Rajasthan, with an annual production capacity as on March 31, 2023 for manufacturing (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits and 0.42 million WACs and (ii) 0.11 million water dispensers, 1.2 million induction hobs and 0.30 million mixers and their components.
As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.
EPACK Durable IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 13,067,890 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 52,089,012 |
EPACK Durable IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
EPACK Durable Limited Financial Information (Restated)
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 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,464.16 | 1,076.68 | 520.37 |
| Revenue | 1,540.25 | 927.34 | 739.66 |
| Profit After Tax | 31.97 | 17.43 | 7.80 |
| Net Worth | 313.62 | 121.87 | 68.91 |
| Reserves and Surplus | |||
| Total Borrowing | 492.45 | 383.98 | 238.56 |
| Amount in ₹ Crore | |||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.68% |
| ROCE | 9.20% |
| RoNW | 14.68% |
Objects of the Issue (EPACK Durable IPO Objectives)
The company proposes to utilize the net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure for the expansion/setting up of manufacturing facilities;
- Repayment and/or prepayment, in part or in full, of certain outstanding loans of the company;
- General corporate purposes.
