EPACK Durable Ltd. IPO

EPACK Durable, India's fastest-growing air conditioner maestro, cools homes and expands horizons. As the second-largest room air conditioner Original Design Manufacturer (ODM), they bring innovative, customer-centric solutions to life. Their journey began in 2003, evolving from an OEM to an ODM powerhouse, adding value by manufacturing key components and extending expertise beyond ACs. Today, EPACK crafts not only cool comfort but also diverse offerings like induction cooktops, mixer-grinders, and water dispensers, strategically diversifying their portfolio while optimizing resources. With a commitment to continuous innovation and backward integration, EPACK Durable keeps homes happy and their business thriving.

RHP
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DRHP
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Open Date

2024-01-19

Close Date

2024-01-24

Company Financials

You can get the following financial statements of EPACK Durable Ltd. as of now.

Subscription Details

The details about the EPACK Durable Limited IPO is as:

  • The issue size of the IPO is 640.05 Cr.
  • The price band for EPACK Durable Limited IPO is Rs 218 to Rs 230.
  • The shares of EPACK Durable Limited IPO will list on 30th January 2024. 
  • The latest tentative GMP of EPACK Durable Limited IPO is Rs 35.
  • The shares of EPACK Durable Limited IPO is subscribed 16.79 Times as of 24th January 2024.

 

EPACK Durable Limited IPO Valuation

The approx valuation of EPACK Durable Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 230
Existing Shares (Qty) 7.84 Cr
Fresh Issue 400 Cr
Market Cap 2203.2 Cr
EPS (FY23) Rs 4.71
PE Ratio 48.83x
Industry PE 74.45x

 

EPACK Durable Limited IPO Issue Size

EPACK Durable Limited IPO issue size is 640.05 Cr

Issue Amount
Fresh Issue 400 Cr
Offer For Sale 240.05 Cr

 

EPACK Durable Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 35 shares and a maximum of 13 lots of 845 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 35 Rs 14,950
 Maximum 13 845 Rs 1,94,350

 

EPACK Durable Limited IPO share offer

The shares of EPACK Durable Limited IPO is subscribed 16.79 Times as of 24th January 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 25.59 Times
Non-Institutional Minimum 15% 29.07 Times
Retail Individual Minimum 35% 6.50 Times
Total   16.79 Times

Allotment Details

Find below the dates for EPACK Durable Limited IPO:

Schedule Date
Basis of Allotment 25 January 2024
Refunds 29 January 2024
Credit to Demat Account 29 January 2024
IPO Listing Date 30 January 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Net Sales 736.25 916.16 1519.76
Total Expenditure 694.48 851.11 1424.92
Operating Profit 41.77 65.05 94.84
Other Income 3.41 3.51 1.65
Interest 25.58 28.88 31.23
Depreciation 8.99 13.14 21.73
Exceptional Items 0 0 -1.55
Profit Before Tax 10.61 26.54 41.99
Provision for Tax 3.07 8.47 11.48
Net Profit 7.54 18.08 30.51
Adjusted EPS (Rs.) 0.16 0.35 0.59

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 48.17 52.09 70.91
Total Reserves 20.74 70.39 241.9
Borrowings 67.71 59.58 113.58
Other N/C liabilities 26.31 35.8 38.9
Current liabilities 357.44 803.56 959.51
Total Liabilities 520.37 1021.43 1424.79
Assets
Net Block 115.93 281.51 377.23
Capital WIP 0 8.42 90.69
Intangible WIP 0 0 0
Investments 0 37.35 39.93
Loans & Advances 2.01 9.34 76.9
Other N/C Assets 0.98 1.33 0.19
Current Assets 401.44 683.49 839.87
Total Assets 520.37 1021.43 1424.79
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 1.84
Profit Before Tax 6.18
Tax 1.58
Profit After Tax 4.6
Adjusted EPS (Rs) 0.59

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 48.09 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023
Profit from operations 10.61 26.54 41.99
Adjustment 34.63 40.58 56.43
Changes in Assets & Liabilities 4.08 -107.78 -70.4
Tax Paid -1.84 -8.35 -11.07
Operating Cash Flow 47.47 -49 16.94
Investing Cash Flow -6.74 -203.64 -216.03
Financing Cash Flow -42.54 268.84 239.25
Net Cash Flow -1.81 16.19 40.17
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