Epack Durable IPO: Price band set at Rs 218-230 per share; Check all details here
epac durable ipo: Epack Durable has announced pricing details for its upcoming initial public offering (IPO), with the price band set at Rs 218-230 per share. contribution period for IPO Will last from 19th January to 23rd January.
According to ET, the floor price for equity shares with face value of Rs 10 is set at 21.8 times, while the cap price has been set at 23 times the face value. investors can Languages For a minimum of 65 equity shares in one lot and in multiples thereafter.
ePack Durable: IPO Size
The IPO involves an offer to sell fresh shares worth up to Rs 400 crore and offer up to 10,437,047 shares for sale to existing shareholders.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preeti Singhania, Nikhil Bothra, Nitin Bothra and Rajat Kumar Bothra, who are promoters and group entities, are selling a part of their shares in the company.
Bajrang Bothra, Lakshmi Pat Bothra, Sanjay Singhania and Ajay DD Singhania together hold 42.90% stake in the company.
Additionally, India Advantage Fund and Dynamic India Fund, managed by ICICI Ventures, will also sell their stake in the company.
About ePack Durable
EPAK Durable, based in Uttar Pradesh, is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, with 29% market share in terms of volume in FY 2023. The company also produces components such as sheet metal. parts, injection-molded parts, cross-flow fans, and PCBA Components used in the production of Room Air Conditioners (RAC). Additionally, it has expanded its business into the small household 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 part of its outstanding debt.
The IPO structure allocates 50% for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors. Axis Capital, DAM Capital Advisors and ICICI Securities are the book-running lead managers to the issue.
According to ET, the floor price for equity shares with face value of Rs 10 is set at 21.8 times, while the cap price has been set at 23 times the face value. investors can Languages For a minimum of 65 equity shares in one lot and in multiples thereafter.
ePack Durable: IPO Size
The IPO involves an offer to sell fresh shares worth up to Rs 400 crore and offer up to 10,437,047 shares for sale to existing shareholders.
Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preeti Singhania, Nikhil Bothra, Nitin Bothra and Rajat Kumar Bothra, who are promoters and group entities, are selling a part of their shares in the company.
Bajrang Bothra, Lakshmi Pat Bothra, Sanjay Singhania and Ajay DD Singhania together hold 42.90% stake in the company.
Additionally, India Advantage Fund and Dynamic India Fund, managed by ICICI Ventures, will also sell their stake in the company.
About ePack Durable
EPAK Durable, based in Uttar Pradesh, is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, with 29% market share in terms of volume in FY 2023. The company also produces components such as sheet metal. parts, injection-molded parts, cross-flow fans, and PCBA Components used in the production of Room Air Conditioners (RAC). Additionally, it has expanded its business into the small household 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 part of its outstanding debt.
The IPO structure allocates 50% for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors. Axis Capital, DAM Capital Advisors and ICICI Securities are the book-running lead managers to the issue.
