Epack Durables Ltd IPO
Get all details on Epack Durables Ltd. IPO here!
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Get all details on Epack Durables Ltd. IPO here!
Overview of Epack Durables Ltd IPO
IPO Date
19-Jan-2024 to 23-Jan-2024
Face Value
₹10 per share
Price Band
₹218 to ₹230
Lot Size
65 Share
Issue Size
27,828,351 shares (aggregating up to ₹640.05 Cr)
Listing At
BSE, NSE
Basis of Allotment
24-Jan-2024
Initiation of Refunds
25-Jan-2024
Credit of Shares to Demat
25-Jan-2024
Listing Date
29-Jan-2024
Cut off time for UPI Mandate
23-Jan-2024
Objective of Epack Durables Ltd IPO
The net proceeds from the issuance of 1,73,91,304 equity shares (worth Rs 400 cr) will be utilized to repay debt (Rs 80 cr), funding capex for setting up a new manufacturing facility (Rs 230 crs), and for General Corporate Purpose (Rs 90 Cr).
About Epack Durables Ltd IPO
Epack Durable is one of the fastest growing ODM player for Room Air Conditioners (RACs). The company has a volume market share of ~29% as on FY23. It has 3 manufacturing capacities set up in Dehradun, Bhiwadi and Sri City. It also manufactures components like sheet metal parts, injection molded parts, cross-flow fans, and PCBA components. Given the seasonal demand for air conditioners, the company expanded its business into production of induction hobs, blenders, and water dispensers, providing relatively stable demand
Epack Durables Ltd IPO Financials
Particulars (in Cr) | H1 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 615 Cr | 1539 Cr | 924 Cr | 736 Cr |
Operating Expenses Annual | 578 Cr | 1436 Cr | 855 Cr | 694 Cr |
Operating Profit Annual | 37 Cr | 103 Cr | 69 Cr | 42 Cr |
Depreciation | 16 Cr | 26 Cr | 16 Cr | 9 Cr |
Interest Annual | 18 Cr | 31 Cr | 29 Cr | 26 Cr |
Tax Annual | 1 Cr | 12 Cr | 9 Cr | 3 Cr |
Net Profit Annual | 3 Cr | 32 Cr | 17 Cr | 8 Cr |
Total Share Holder Funds | 478 Cr | 314 Cr | 122 Cr | 69 Cr |
Fixed Asset Annual | 336 Cr | 324 Cr | 238 Cr | 81 Cr |
Total Non Current Asset | 693 Cr | 593 Cr | 350 Cr | 119 Cr |
Total Current Asset | 378 Cr | 871 Cr | 727 Cr | 401 Cr |
Book Value Per Share | ₹61 | ₹ 40.0 | ₹ 15.5 | ₹ 8.8 |
ROE | 0.7% | 14.7% | 18.3% | 12.0% |
ROCE | 2.7% | 11.9% | 13.7% | 11.7% |
Total Debt To Total Equity | 0.8 | 1.6 | 3.2 | 3.5 |
EBIDTA | 6.0% | 6.0% | 7.4% | 5.7% |
Cash From Operating | 158 Cr | 19 Cr | -29 Cr | 47 Cr |
Cash From Investing | -62 Cr | -218 Cr | -204 Cr | -7 Cr |
Cash From Finance | -45 Cr | 235 Cr | 254 Cr | -43 Cr |
Net Cash Flow | -50 Cr | 36 Cr | 20 Cr | -2 Cr |
Promoter's Holding
Total Share Capital
33,637,595
Offered to Public
-
Promoter’s Holding(Pre-Issue)
42.9
Promoter’s Holding(Post-Issue)
-
STRENGTHS:
1. Having a strong and enduring relationship with loyal customers can open up opportunities to attract new customers to your business.
2. Epack Durables Ltd is among the key manufacturers in the fast-growing RAC and SDA manufacturing industries.
3. The manufacturing operations are vertically integrated, with a product portfolio that covers the entire RAC and SDA value chain.
4. Robust product development and design optimization capabilities.
WEAKNESSES:
1. Epack Durables, like any business, has its strengths and challenges
2. The business is dependent on the top 5 customers heavily as they contribute ~80% of the revenues. Voltas alone contributes ~30% of the top line.
3. The business runs on very low mid-single digit margins hovering ~5-7% due to an assembly-type business model. Hence any steep increase in RM prices and its inability to pass it on to customers may result in lower profitability.
4. The company's customers do not make long term commitments for orders, which makes the business inherently weak since any cancellations or changes from the client may impact the financials of the company.
Epack Durables IPO opens on 19th January 2024, and closes on 23rd January 2024.
To apply for Epack Durables IPO:
Epack Durables Ltd. IPO will be alloted to subscribers on 24th January, 2024.
The price band for Epack Durables Ltd. IPO ranges from Rs. 218 to Rs. 238 per share.
You can subscribe to 65 shares in one lot of Epack Durables Ltd. IPO.
The grey market premium for Epack Durable IPO GMP was ₹0, which meant shares were trading at their issue price of ₹230 with no premium or discount.
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