About Epack Durable IPO
Established in 2019, EPACK Durable Limited operates as an Original Design Manufacturer (ODM) specializing in the production of room air conditioners (RAC). Beyond RACs, the company is involved in the manufacturing of various components, including sheet metal parts, injection molded parts, cross-flow fans, and PCBA components, all integral to RAC production. Capitalizing on the seasonal demand for RACs, the company has diversified its portfolio to include small domestic appliances (SDAs). Currently, EPACK Durable Limited is actively engaged in the development and production of induction hobs, blenders, and water dispensers.
With production facilities strategically located, the company has four units in Dehradun (Dehradun Unit I, Dehradun Unit II, Dehradun Unit III, and Dehradun Unit IV) and one manufacturing facility in Bhiwadi, Rajasthan. As of March 31, 2023, the annual production capacity encompasses 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits, and 0.42 million WACs. Additionally, the company has the capacity to manufacture 0.11 million water dispensers, 1.2 million induction hobs, and 0.30 million mixers and their components.
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Epack Durable IPO Allotment status
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Define IPO Allotment and Importants
When a company introduces its IPO, investors across various categories begin applying for shares. The allocation of shares to their Demat & Trading accounts, after the application process, is termed as IPO allotment.
An Initial Public Offer (IPO) is the process of selling securities to the public in the primary market. It stands as the primary source of funds for a company, providing substantial capital with a long or indefinite maturity period. The IPO marks a significant milestone in a business’s growth journey.
Epack Durable IPO Details :
The EPACK Durable IPO, a book-built issue, amounts to Rs 640.05 crores. This includes a fresh issue of 1.74 crore shares, totaling Rs 400.00 crores, and an offer for sale of 1.04 crore shares, amounting to Rs 240.05 crores
Bidding for the EPACK Durable IPO commenced on January 19, 2024, and concluded on January 24, 2024. The allotment process was finalized on Thursday, January 25, 2024. The IPO is scheduled to be listed on both BSE and NSE, with a tentative listing date set for Tuesday, January 30, 2024.
The price band for the EPACK Durable IPO is established at ₹218 to ₹230 per share, and the minimum lot size for an application is 65 shares. Retail investors are required to make a minimum investment of ₹14,950. For sNII, the minimum lot size investment is 14 lots (910 shares), totaling ₹209,300, while for bNII, it is 67 lots (4,355 shares), amounting to ₹1,001,650.