The IPO of Epack Durable, the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, will open for subscription from January 19 to January 23. The IPO includes 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. The company plans to use the IPO proceeds to fund capital expansion and repay debt. The offer is reserved for qualified institutional buyers (QIB), retail investors, and non-institutional investors.
The proceeds from the issue will be used for financing capital expenditures for establishing manufacturing facilities, repaying loans, and addressing general corporate needs
Epack Durables is the second largest original design manufacturer (ODM) in the Indian room air conditioner manufacturing market, and had a market share of 29% in terms of volume in fiscal 2023. RK Swamy is one of Indias largest integrated marketing services providers, offering a single-window solution for creative, media, data analytics and market research services