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 Durable IPO: EPACK Durable Limited is set to enter the market with an Initial Public Offering (IPO) worth Rs 640.05 crores. The comprehensive IPO comprises a fresh issue of 1.74 crore shares, amounting to Rs 400.00 crores, along with an offer for sale of 1.04 crore shares, valued at Rs 240.05 crores., Markets News, Times Now
List of upcoming IPOs for this week includes Nova Agritech, Fonebox Retail, DelaPlex Limited, Megatherm Induction, Harshdeep Hortico and Brisk Technovision.
Incorporated in 2019, EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures AC components.