EPACK Durable IPO Review, Date, Price, GMP

EPACK Durable emerges as the fastest-growing original design manufacturer (ODM) of room air conditioners in India, as highlighted by substantial growth in volume between Fiscal 2020 and 2023. Positioned as the second-largest ODM manufacturer in the Indian room air conditioner market, EPACK Durable commands a significant 29% market share in volume manufactured during Fiscal 2023, excluding units imported as kits with gas filling done in India.

Recognizing the seasonal demand for room air conditioners, EPACK Durable strategically diversified its operations into the small domestic appliances (SDA) market. Presently, the company designs and manufactures induction cooktops, mixer grinders, and water dispensers, showcasing a commitment to backward integration and revenue stream diversification.

EPACK Durable’s product portfolio comprises room air conditioners including window and split inverter air conditioners, small domestic appliances, and various components such as heat exchangers, fans, press parts, and PCBAs. With dedicated research and development centers equipped with advanced testing facilities, the company focuses on basic research, new product development, process optimization, and environmental protection.

EPACK Durable has nurtured long-standing relationships with key customers in both room air conditioners and small domestic appliance segments. Notable customers include Blue Star Limited, Daikin Airconditioning India Private Limited, Voltas Limited, Bajaj Electricals Limited, and Usha International Limited. The company’s two vertically integrated manufacturing facilities contribute to operational efficiency, allowing for the highest level of backward integration for room air conditioners under a single company in India. Furthermore, ongoing expansion plans include establishing a third facility in Sri City, Andhra Pradesh.

EPACK Durable IPO Complete Details:

EPACK Durable IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP Of EPACK Durable is Around 34 Rs.

Objects Of Issue:

1. Securing funds for the expansion or establishment of manufacturing facilities;

2. Settling, either partially or entirely, specific outstanding loans of our company;

3. Addressing general corporate needs.

Promoters:

1)Bajrang Bothra:

•    Position: Chairman and Whole-time Director
• Background: Master’s degree in commerce from Shri Ram College of Commerce, University of Delhi, Delhi
• Experience: Approximately 27 years in the electronics manufacturing sector

2)Laxmi Pat Bothra:

•    Position: Non-Executive Director
• Background: Diploma in mechanical engineering from the Board of Technical Education, Delhi
• Experience: Approximately 27 years in the electronics manufacturing sector

3)Sanjay Singhania:

•    Position: Non-Executive Director
• Background: Bachelor’s degree in commerce (major in accountancy) from Gauhati University, Guwahati, Assam, and master’s degree in business administration from Swinburne University of Technology, Victoria, Australia
• Experience: Approximately 24 years in the electronics manufacturing sector

4)Ajay DD Singhania:

•    Position: Managing Director and Chief Executive Officer
• Background: Bachelor’s degree in technology (electrical engineering) from Regional College of Engineering, Himachal Pradesh University, Hamirpur, Himachal Pradesh, and master’s degree in business administration from University of Scranton, Pennsylvania
• Experience: Approximately 24 years in the electronics manufacturing sector

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