EPACK Durable Limited is set to revolutionize the air conditioning market with its book-built IPO(EPACK Durable IPO) of Rs 640.05 crores. This includes a fresh issue of 1.74 crore shares (Rs 400.00 crores) and an offer for sale of 1.04 crore shares (Rs 240.05 crores).
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Subscription Details and Key Dates:
Opening Doors to Investors: EPACK Durable IPO Schedule
Subscription Period: January 19, 2024, to January 23, 2024.
Allotment Date: Expected on Wednesday, January 24, 2024.
Listing Date: Tentatively set for Monday, January 29, 2024, on both BSE and NSE.
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Pricing Insights:
The IPO price band stands at ₹218 to ₹230 per share, with a minimum lot size of 65 shares. Retail investors can enter the market with a minimum investment of ₹14,950.
Book Running Lead Managers:
Axis Capital Limited, Dam Capital Advisors Ltd, and ICICI Securities Limited are spearheading the EPACK Durable IPO, with Kfin Technologies Limited as the registrar.
Understanding EPACK Durable Limited:
Setting the Stage: EPACK Durable’s Journey
Incorporated in 2019, EPACK Durable Limited, an Original Design Manufacturer (ODM) of room air conditioners (RAC), has rapidly expanded its footprint. With production facilities in Dehradun and Bhiwadi, the company has diversified into small domestic appliances (SDA), anticipating seasonal demands.
Financial Performance:
Numbers that Speak: EPACK Durable’s Financial Snapshot
As of September 2023, EPACK Durable witnessed a 66.09% increase in revenue and an 83.39% rise in profit after tax compared to March 2022. The company’s commitment to growth is evident in its robust financial indicators, with a market capitalization of Rs 2203.37 Cr.
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Investor Insights:
Know Your Share: EPACK Durable IPO Reservation and Lot Size
- QIBs: Up to 50.00% of the Net Offer
- Retail: Not less than 35.00% of the Offer
- NII (HNI): Not less than 15.00% of the Offer
Timeline Snapshot:
- IPO Opens: January 19, 2024
- IPO Closes: January 23, 2024
- Listing Date: January 29, 2024
EPACK Durable IPO Objectives:
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EPACK Durable plans to utilize the proceeds for capital expenditure, loan repayment, and general corporate purposes, solidifying its position in the market.
Conclusion:
EPACK Durable IPO emerges as a beacon of innovation and growth in the air conditioning sector. With a compelling financial performance and a strategic market approach, it promises to be a lucrative opportunity for investors seeking a dynamic venture.
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