Epack Durable IPO: Epack Durable has announced the pricing details for its upcoming initial public offering (IPO), setting the price band at Rs 218-230 per share. The subscription period for the IPO will be from January 19 to January 23.
As per ET, the floor price for the equity shares with a face value of Rs 10 each is 21.8 times, while the cap price is set at 23 times the face value.Investors can bid for a minimum of 65 equity shares in one lot and in multiples thereafter.
Epack Durable: IPO size
The IPO involves selling new shares worth up to Rs 400 crore and existing shareholders offering up to 10,437,047 shares for sale.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra, who are the promoters and group entities, are selling a portion of their shares in the company.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania together own a 42.90% stake in the company.
Additionally, India Advantage Fund and Dynamic India Fund, managed by ICICI Ventures, will also divest their stakes in the company.
About Epack Durable
Epack Durable, based in Uttar Pradesh, is the second-largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, with a 29% market share in terms of volume in fiscal 2023. The company also produces components like sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components used in the production of room air conditioners (RACs). Furthermore, it has expanded its business into the small domestic appliance (SDA) market, developing and producing items such as induction hobs, blenders, and water dispensers.
The company intends to use the funds raised from the IPO to support capital expansion plans and repay a portion of its outstanding debt.
The IPO structure allocates 50% for qualified institutional buyers (QIB), 35% for retail investors, and 15% for non-institutional investors. Axis Capital, DAM Capital Advisors, and ICICI Securities are the book-running lead managers for the issue.
As per ET, the floor price for the equity shares with a face value of Rs 10 each is 21.8 times, while the cap price is set at 23 times the face value.Investors can bid for a minimum of 65 equity shares in one lot and in multiples thereafter.
Epack Durable: IPO size
The IPO involves selling new shares worth up to Rs 400 crore and existing shareholders offering up to 10,437,047 shares for sale.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra, who are the promoters and group entities, are selling a portion of their shares in the company.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania together own a 42.90% stake in the company.
Additionally, India Advantage Fund and Dynamic India Fund, managed by ICICI Ventures, will also divest their stakes in the company.
About Epack Durable
Epack Durable, based in Uttar Pradesh, is the second-largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, with a 29% market share in terms of volume in fiscal 2023. The company also produces components like sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components used in the production of room air conditioners (RACs). Furthermore, it has expanded its business into the small domestic appliance (SDA) market, developing and producing items such as induction hobs, blenders, and water dispensers.
The company intends to use the funds raised from the IPO to support capital expansion plans and repay a portion of its outstanding debt.
The IPO structure allocates 50% for qualified institutional buyers (QIB), 35% for retail investors, and 15% for non-institutional investors. Axis Capital, DAM Capital Advisors, and ICICI Securities are the book-running lead managers for the issue.
