Epack Durable IPO
ED

Epack Durable IPO

Epack Durable Limited

₹14,170/ 65 shares

Minimum investment

Epack Durable IPO Details

Bidding date

19 Jan - 23 Jan 2024

Price range

Minimum quantity

65

Minimum investment

₹14,170

Issue size

IPO doc (link)

RHP docsExternal Link

Listing exchange

NSE/BSE

Epack Durable IPO Dates & Timeline

19 Jan, 2024
Opening date
23 Jan, 2024
Closing date
24 Jan, 2024
Basis of allotment
25 Jan, 2024
Initiation of refunds
25 Jan, 2024
Credit of shares
29 Jan, 2024
Listing date

About Epack Durable IPO: Company Overview

EPACK Durable is the fastest growing room air conditioner original design manufacturer (ODM) in India. They are the second largest ODM manufacturer in the Indian room air conditioner manufacturing market, with a market share of 29%.

Their product portfolio includes:

Room air conditioners: EPACK Durable designs and manufactures complete Room ACs, e.g. window a/cs, indoor units, outdoor units, split air conditioners, and inverter ACs.

Small domestic appliances: EPACK manufactures induction cooktops, mixer grinders, and water dispensers. - 

Components: They manufacture heat exchangers, cross-flow fans, axial fans, sheet metal press parts, injection moulded components, copper fabricated products, PCBAs, universal motors, and induction coils.

ABOUT THE INDUSTRY

The overall market size of the consumer durables market for FY23 is estimated at INR 1,303 billion, and the market is expected to grow at a 13.7% CAGR until FY28. In the near future, the market is anticipated to experience growth acceleration fuelled by rising rural consumption, a shorter replacement cycle, increased retail penetration, and the availability of numerous brands and products at various price points

Strengths & Risks of Epack Durable IPO

Long-standing customer relationships: EPACK has established relationships with reputed customers that include Blue Star, Daikin Aircon, Carrier Midea, Voltas Limited, Havells, Haier Appliances, Infiniti Retail, Godrej and Boyce, Bajaj Electricals Limited, Usha International etc.

High Entry Barriers: The Indian RAC and SDA manufacturing industries pose higher barriers to new entrants. Typically, integration into the supply chain of the RAC and SDA brands involves a long gestation period, lengthy approval process and requires long term relationships with them to be developed and maintained over several years.

Robust R&D : EPACK Durables have dedicated R&D centres in Greater Noida, Uttar Pradesh, Bhiwadi, Rajasthan and Dehradun, Uttarakhand, which are equipped with modern infrastructure such as endurance test labs for RACs and SDAs. The company focusses on new product development, quality improvement, better design, engineering and quality control capabilities.

Experienced Promoters : Company promoters have substantial industry knowledge and experience in this sector, with a cumulative work experience of over 100 years. They demonstrated ability to create, build and grow businesses, including the company, EPACK Polymers Private Limited and EPACK Prefab Solutions Private Limited.

How to Apply for Epack Durable IPO: Step-by-Step Guide

  • Research the IPO:Review the prospectus and company details.
  • Open accounts:Ensure you have a demat and trading account.
  • Check dates:Note the IPO opening and closing dates.
  • Apply online:Log in to your brokerage account and complete the IPO application form.
  • Make payment:Pay through your linked bank account.
  • Submit application:Confirm and submit your application.
  • Track status:Monitor the allotment status and check for shares in your demat account upon listing.

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