Are you considering investing in the ePack Durable Limited IPO? Here’s a breakdown of key details to help you make an informed decision.
**IPO Dates and Size:**
ePack Durable Limited is set to launch its Initial Public Offering (IPO) on January 19, 2024, closing on January 23, 2024. The IPO aims to raise approximately ₹640 crores, consisting of a fresh issue of ₹400 crores and an offer for sale of up to 13,067,890 equity shares priced at ₹10 each.
**Business Operations:**
Founded in 2019, ePack Durable is a rapidly growing Original Design Manufacturer (ODM) specializing in room air conditioners (RAC). They’re recognized as the fastest-growing ODM in India between Fiscals 2020 and 2023. Additionally, they hold the second-largest market share in the Indian RAC manufacturing market, boasting a 29% share by volume in Fiscal 2023.
**Diversification into Small Domestic Appliances (SDA):**
Beyond RACs, ePack Durable has strategically expanded into the Small Domestic Appliance (SDA) market. This move includes the design and manufacturing of induction cooktops, mixer-grinders, and water dispensers. This diversification aligns with their focus on innovation and adapting to market demands.
**Objects of the Issue:**
The funds raised from the IPO will serve multiple purposes, including capital expenditure for manufacturing facilities expansion, repayment of certain outstanding loans, and general corporate purposes.
**Financial Snapshot:**
Here’s a glimpse into ePack Durable’s financial performance:
– **2020:**
– Revenue: ₹739.65 crores
– Expense: ₹728.78 crores
– Profit After Tax (PAT): ₹7.80 crores
– **2021:**
– Revenue: ₹927.34 crores
– Expense: ₹901.03 crores
– PAT: ₹17.43 crores
– **2022:**
– Revenue: ₹1540.25 crores
– Expense: ₹1493.84 crores
– PAT: ₹31.97 crores
**Valuation Metrics – FY2023:**
– Earning Per Share (EPS): ₹4.71 per Equity Share
– Return on Net Worth (RoNW): 14.68%
– Net Asset Value (NAV): ₹46.21 per Equity Share
**IPO Logistics:**
The IPO opens on January 19, 2024, and closes on January 23, 2024. The minimum market lot is 65 shares, with a retail maximum of 13 lots. The IPO allotment finalization is on January 24, and the stock is expected to be listed on BSE & NSE on January 29, 2024.
**Check the IPO Grey Market Premium (GMP) and Subscription Status:**
Stay updated on the IPO Grey Market Premium (GMP) for ePack Durable Limited.
to check the latest GMP and gauge market sentiment. Additionally, keep track of the IPO subscription status
for real-time updates on investor interest.
**Note:** *I Aseeb cbt, personally, is not applying for the ePack Durable Limited IPO. This content is for informational purposes only and should not be considered as financial advice. Please consult with a financial advisor before making investment decisions.*