top of page
  • Writer's pictureJatin Agarwal

EPACK Durable IPO

Updated: Jan 20

EPACK Durable IPO: Pioneering Innovation in Room Air Conditioning


EPACK Durable

Company Overview

EPACK Durable Limited, established in 2019, has made a significant mark as an Original Design Manufacturer (ODM) of room air conditioners (RAC). The company's expertise extends to producing components integral to RAC manufacturing. With a strategic move into small domestic appliances, EPACK Durable has diversified its product range, catering to a broad market segment.


Company Financials

The company witnessed a remarkable increase in revenue by 66.09% and profit after tax (PAT) by 83.39% between FY 2022 and FY 2023. These figures reflect the company's strong financial growth and market penetration.


Company SWOT Analysis

  • Strengths: Innovative product range, strong manufacturing capabilities, diversified product portfolio.

  • Weaknesses: Relative newness in the market, dependence on seasonal demand for RACs.

  • Opportunities: Expansion into various domestic appliance markets, potential growth in the RAC sector.

  • Threats: Intense competition in the RAC and domestic appliance market, potential supply chain disruptions.


IPO Overview

EPACK Durable is set to enhance its market presence and capital base through its IPO.


IPO Details

  • IPO Date: January 19 to January 23, 2024

  • Listing Date: January 29, 2024

  • Price Band: ₹218 to ₹230 per share

  • Issue Size: ₹640.05 Crores

  • Lot Size: 65 Shares

  • Lead Managers: Axis Capital, Dam Capital Advisors, ICICI Securities

  • Registrar: Kfin Technologies Limited


Objectives of the Issue

The IPO aims to fund capital expenditure for manufacturing expansion, repay outstanding loans, and for general corporate purposes.


Market Position and Expansion Strategy

As the second largest RAC ODM, EPACK Durable is on an expansion spree to capture emerging market opportunities.


IPO Grey Market Premium (GMP)

The GMP for EPACK Durable's IPO is Rs.35 which is a bit weak.


Conclusion for Investors

EPACK Durable's IPO presents an investment opportunity in the RAC and home appliance sector, underpinned by the company's growth trajectory and market expansion plans.



Disclaimer

All information is provided for educational and informational purposes only. Data is sourced from publicly available sources such as the DRHP filed by the company and other reliable sources. No guarantee is given for the accuracy of the data; however, we have tried our best to present accurate data to our readers. Always consult a financial advisor or conduct your own analysis before investing/trading in the stock market.

92 views0 comments

Recent Posts

See All

Comments


bottom of page