EPACK Durable: IPO of (ODM) company is opening this week.

EPACK Durable, a leading Original Design Manufacturer (ODM) company in the domestic air conditioner manufacturing market, is launching its IPO this week, creating a buzz in the stock market. Investors can place bids from January 19 to January 23. Let’s walk through all the details of the IPO, including the price band and key highlights.

EPACK Durable
EPACK Durable

Highlights:
– EPACK Durable, one of the leading manufacturers in the room air conditioner segment, is launching its IPO this week.
The IPO bidding process is from January 19 to January 23.
The price band of the IPO has been fixed at ₹218 to ₹230 per share.

EPACK Durable IPO Price Band:

The price band of EPACK Durable’s IPO is ₹218 to ₹230 per share.
– The face value of a share is ₹10, with a minimum price of ₹218 and a maximum price of ₹230.

Key information about EPACK Durable IPO:

– EPACK specializes in the manufacturing of durable local air conditioners and other original design products.
The bidding window for the IPO is till January 23, giving investors an opportunity to participate.
– The IPO price has been fixed at ₹218 to ₹230 per share.

Allotment and Reservation:
– The IPO involves a lot size of 65 shares, and investors will have to bid in multiples of 65 shares.
– There is 35% reservation for retail investors in the IPO allotment.

Uses of IPO funds:
– EPACK Durable aims to use the funds raised through the IPO to set up manufacturing facilities, pay off loans, and meet general corporate needs.

Company Profile:
– EPACK Durable has achieved a market share of 29% in the manufacturing segment of the Indian room air conditioner market in terms of FY 2023.
– Established in 2002, the company has integrated manufacturing plants in Dehradun and Bhiwadi, Rajasthan.
-EPACK is a leading ODM for Durable Room Air Conditioners, manufacturing for Indian and multinational brands.

GMP (Grey Market Premium):

– At this time, EPACK Durable’s shares are not active in the gray market, resulting in a GMP of NULL.

conclusion:
– The valuation of the IPO is ₹640.05 crore, which includes the issue of fresh equity shares worth Rs 400 crore.
– EPACK Durable has appointed Axis Capital, Dam Capital Advisors and ICI Securities as book-running lead managers for this IPO.

Investors who want to participate in this IPO can submit their bids between January 19 and January 23, with the allotment taking place on January 24. Listing on BSE and NSE is expected on January 29.

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