Price Range (₹)
Issue Size (₹ in Cr.)
Minimum Quantity
Bidding Period
- The fastest growing room air conditioner original design manufacturers (“ODM”) based on growth in volume manufactured between Fiscals 2020 and 2023 in India (Source: F&S Report)
-The second largest ODM manufacturer in the Indian room air conditioner manufacturing market, with a market share of 29% in terms of volume manufactured in Fiscal 2023 (Source: F&S Report)
- Their product portfolio consists of Room air conditioners, Small domestic appliances, Components
Long-standing relationships with established customers
They have over the course of their business operations established long-standing relationships with several well known Indian and global customers. They attribute their success to date in part to their strong customer base and also intend to rely on such customer base as a driver of future growth and help expand market share.(Source:Company DRHP)
Advanced vertically integrated manufacturing operations
They have the highest amount of backward integration for RACs under a single company / single site, that has been grown within the same company organically in India. (Source: F&S Report) Their products and corresponding components are manufactured within the same location, which helps eliminate costs typically incurred in transportation of parts between facilities.(Source: Company DRHP)
Robust product development and design optimisation capabilities
They rely on their integrated location-focussed manufacturing operations, product development and design capabilities, and their focus on quality and cost-efficient manufacturing processes to achieve customer satisfaction, foster customer loyalty and accordingly, generate repeat business (Source: Company DRHP)
Their RAC business is subject to seasonal variations and cyclicality
The demand for RACs typically peak during the first half of the calendar year and reduce in the second half of the calendar year.Erratic weather conditions impacting the warm weather during the peak sales season of summer, may adversely affect their sales volumes, results of operations and financial condition, and could therefore have a disproportionate impact on their results of operations in the relevant year (Source: RAC -Room Air Conditioner, Company DRHP)
Their customers do not make long-term commitments
They primarily follow a business-to-business model which is typically purchase order based. While they have long standing relationships with various of their customers, they generally do not enter into long-term arrangements, or arrangements with firm commitments of quantities with such customers. If customers do not continue to outsource the manufacturing or reduce the amount of manufacturing because they use other providers of these services, their future growth could be limited, and sales and operating results may suffer. (Source: Company DRHP)
- Production Linked Incentive (PLI) scheme for Air Conditioners: This scheme is being designed to develop complete component ecosystem for the Air Conditioners and LED Lights Industry in India and make India an essential part of the global supply chains. The scheme will extend an incentive of 4% to 6% on incremental sales for a period of 5 years succeeding to the base year and one year of incubation period
- Air conditioner is no more a luxury, but a necessity: Due to enhanced purchasing power and increasingly erratic climatic conditions in India, air conditioners are no more considered a luxury but a necessity among most middle-class Indian households. (Source: Company DRHP)
For ICICI Bank linked A/c
For non ICICI Bank A/c
Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.
Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Click on proceed to confirm the order. You can view the placed order under “order book”.
Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.
Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.
Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Click on proceed to confirm the order. You can view the placed order under “order book”.
Click on proceed to confirm the order. You can view the placed order under “order book”.
Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.
Choose the IPO you want to apply from the list. Click on Apply.
Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.
Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.
The lot size is 65 shares and minimum investment required is Rs.14,950 for EPACK Durable IPO
EPACK Durable IPO is mainboard IPO of issue size up to Rs.640.05 Crores
EPACK Durable IPO issue dates are from 19th -24th Jan, 2024
The allotment date is 25th Jan, 2024 and listing date is 30th Jan,2024 for EPACK Durable IPO
Head to IPO section on ICICI Direct website and select EPACK Durable IPO. Enter and submit bid details and then click on proceed to apply once details are verified. It’s that simple!!
The price band of EPACK Durable IPO is Rs.218 – Rs.230.
The book runners for the EPACK Durable IPO are ICICI Securities Ltd, DAM Capital Advisors Ltd, Axis Capital Ltd.
The objectives of EPACK Durable IPO are
1. Funding capital expenditure
2. Repayment of certain outstanding loans of company and
3. General corporate purposes.
Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
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