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EPACK Durable IPO
Price Band
₹218.0–230.0
Issue Size
₹640.05 Cr
Lot Size
65 shares
Min Investment
₹14,950
GMP
+₹5.0 (2.17%)
Issue Price
₹230.0
Subject to Sauda
₹200
Paid only if allotted
EPACK Durable IPO AI Summary
- EPACK Durable IPO is listed on BSE, NSE in the Household Appliances sector.
- Price band: ₹218.0–₹230.0 per share, lot size 65 shares (min. investment ₹14,950).
- Subscription window: 19 Jan–24 Jan 2024, listing on 30 Jan 2024.
- Current GMP is +₹5.0 (2.17%), an estimated listing price of ₹235 — unofficial and can change daily.
EPACK Durable Limited is a growing player in the household appliances sector, focusing on manufacturing room air conditioners and small domestic appliances. The IPO aims to raise funds for expansion and operational improvements, with a competitive valuation compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
EPACK Durable IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jan 2024 — not a current signal.
6 of 8 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
EPACK Durable IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+2.17%
Est. Listing
₹235.0
Updated: 25 Jul 2026 14:07
About the Company
Incorporated in 2019, EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners (RAC). 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. The company has four production facilities in Dehradun, namely Dehradun Unit I, Dehradun Unit II, Dehradun Unit III and Dehradun Unit IV, and one manufacturing facility at Bhiwadi, Rajasthan, with an annual production capacity as on March 31, 2023 for manufacturing (i) 0.90 million IDUs, 0.66 million ODUs, 0.36 million ODU kits and 0.42 million WACs and (ii) 0.11 million water dispensers, 1.2 million induction hobs and 0.30 million mixers and their components. As at March 31, 2023, the company had 734 full-time employees, including engineers, university graduates and diploma students.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,071.45 | 1,464.16 | 1,076.68 | 520.37 |
| Total Income | 616.32 | 1,540.25 | 927.34 | 739.66 |
| Profit After Tax | 2.65 | 31.97 | 17.43 | 7.80 |
| NET Worth | 478.31 | 313.62 | 121.87 | 68.91 |
| Total Borrowing | 369.57 | 492.45 | 383.98 | 238.56 |
Key Ratios
EPS
₹4.08
NAV
₹46.21
ROE
14.68%
ROCE
11.85%
RoNW
14.68%
P/B Value
4.98
P/E Ratio
56.4
Market Cap
₹2203.37 Cr
PAT Margin
2.08%
Debt/Equity
1.58
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Elin Electronics Ltd | 99.3 | 6.73% | 24.28 | 6.29 | 6.29 |
| Dixon Technologies (India) Ltd | 215.69 | 22.36% | 139.96 | 42.92 | 42.62 |
| PG Electroplast Limited | 174.09 | 21.88% | 67.27 | 35.78 | 33.77 |
| Amber Enterprises India Ltd | 579.94 | 8.79% | 66.28 | 46.66 | 46.66 |
| EPACK Durable Limited This IPO | 46.21 | 14.68% | 56.4 | 4.71 | 4.64 |
Promoters
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania and Ajay DD Singhania
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure for the expansion / setting up of manufacturing facilities (total of i+ii+iii) 230.00 2 Funding capital expenditure requirements for setting up of a manufacturing facility in Sri City, Andhra Pradesh 105.25 3 Purchase of equipment for the Bhiwadi Manufacturing Facility 14.14 4 Repayment and/or prepayment, in part or in full, of certain outstanding loans of the Company 80.00 5 General corporate purposes 69.68
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹927.34 Cr in the year ending March 31, 2022, rising to ₹1,540.25 Cr by March 31, 2023. However, the most recent figure of ₹616.32 Cr as of September 30, 2023, is not directly comparable since it represents a 9-month period.
Profit Trend
Profit after tax was ₹17.43 Cr in the year ending March 31, 2022, increasing to ₹31.97 Cr by March 31, 2023. The latest figure of ₹2.65 Cr as of September 30, 2023, is also a 9-month figure, making it not directly comparable to the full-year figures.
Valuation
At the issue price of ₹230.0, EPACK Durable has an implied P/E ratio of 56.4, compared to peers trading at P/E ratios ranging from 24.28 to 139.96.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading. A positive GMP suggests that investors may expect a higher listing price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and industry trends.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, dividend-paying investments may want to avoid IPOs like this, which can be subject to high volatility and uncertainty.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a price increase on their first day of trading, others may not, and factors such as market conditions and investor sentiment can heavily influence these outcomes.
This evaluation is generated from EPACK Durable's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is EPACK Durable IPO GMP today?
EPACK Durable IPO GMP today is +₹5.0 (2.17%), indicating an estimated listing price of ₹235. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of EPACK Durable IPO?
The price band of EPACK Durable IPO is ₹218.0–₹230.0 per share.
When does EPACK Durable IPO open and close?
EPACK Durable IPO opens on 19 January 2024 and closes on 24 January 2024.
When does EPACK Durable IPO list on the stock exchange?
EPACK Durable IPO listed on 30 January 2024 at ₹235.0.
What is the lot size for EPACK Durable IPO?
The lot size for EPACK Durable IPO is 65 shares, requiring a minimum investment of ₹14,950.
What is the price band for the EPACK Durable IPO?
The price band for the EPACK Durable IPO is ₹218.0 to ₹230.0.
What is the minimum investment required?
The minimum investment required is ₹14,950.0.
What is the lot size for the IPO?
The lot size for the IPO is 65 shares.
When is the listing date for the EPACK Durable IPO?
The listing date is January 30, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 Jan 2024
Close
24 Jan 2024
Allotment
25 Jan 2024
Listing
30 Jan 2024
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