EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
EPack Durables reported a net profit of Rs 4.9 crore for the December quarter. The company's turnaround is credited to the investments made in FY21 and FY22. EPack Durables plans to retire long-term debts using IPO proceeds and expects pent-up demand in the upcoming season. MD & CEO Ajay Singhania speaks about the Q3 performance, company's falling debts, IPO proceeds and stock's performance,
Incorporated in 2019, EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures AC components.
Epack Durable IPO | Optimix Wholesale Global Emerging Markets Share Trust, Integrated Core Strategies (Asia), Societe Generale Copthall Mauritius Investment, and HDFC Mutual Fund were some of the marquee names invested in the company via anchor book.
Epack Durables IPO will open for subscription on Friday. The company's shares are currently trading at a premium of Rs 15 in the unlisted market. The IPO consists of a fresh equity issue of up to Rs 400 crore and an offer for sale of up to 10,437,047 shares by selling shareholders. Epack Durables is the second-largest room air conditioner original design manufacturer in India, with a 24% market share in domestically manufactured units in FY23. The IPO proceeds will be used for capacity expansion.
Epack Durables 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.
National, January 16, 2024: EPACK Durable Limited (“EPACK” or the “Company”), shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Friday, January 19, 2024.The total offer size of Equity Shares of face value ₹ 10 eac
Axis Capital, Dam Capital Advisors and ICICI Securities are the book running lead managers for the EPACK Durable IPO. Kfin Technologies is the registrar for the issue.
Epack Durable IPO: The IPO is a mix of a fresh issue of Rs 400 crore by the company and an offer-for-sale (OFS) of 1.04 crore equity shares by the existing shareholders. It will open for subscription on January 19 and close on January 23.