The floor price is 21.8 times the face value of the equity shares of Rs 10 each while the cap price is 23 times the face value.
Bids can be made for a minimum of 65 equity shares in one lot and its multiples thereafter.
Epack Durable IPO Size
The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra are the promoter and group entities selling part of their stake in the company.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania, collectively hold 42.90% stake in the company.
Also Read | Nova AgriTech IPO price band fixed at Rs 39-41 per share. Check detailsIndia Advantage Fund and Dynamic India Fund, the two funds managed by ICICI Ventures, will also sell stakes in the company.
About Epack Durable
Uttar Pradesh-based Epack Durable is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market and had a market share of 29% in terms of volume in fiscal 2023.
The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.
Epack Durable IPO Objective
The company plans to use the fresh proceeds from the IPO to fund capital expansion plans and repay part of its outstanding debt.
Epack Durable IPO Structure
About 50% of the offer is reserved for qualified institutional buyers (QIB), 35% of the issue is set aside for retail investors and 15% for non-institutional investors.
Epack Durable IPO BRLM
Axis Capital, DAM Capital Advisors, and ICICI Securities are the book-running lead managers to the issue.
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