EPACK Durable Limited IPO: A Lucrative Investment Opportunity with 83% Profit Growth
EPACK Durable Limited: If you’re considering an investment plan for a business, a new option has emerged. An IPO is on the horizon for a company that has seen an 83% growth in profits in the past year. The management of the company includes experienced individuals as well as young talent, combining enthusiasm and expertise. Last year, the company’s revenue exceeded 1500 crores.
About EPACK Durable Limited
EPACK Durable Limited was established in 2019 and is an Original Design Manufacturer (ODM) for Room Air Conditioners (RAC). Its promoters are Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania. The company manufactures components such as sheet metal parts, injection-molded parts, cross-flow fans, and PCBs used in room air conditioners. Recently, the company expanded its business by venturing into the production of small household appliances, including induction hobs, blenders, and water dispensers.
The company has four production units in Dehradun, Uttarakhand, and another unit in Rajasthan. So far, the company has produced 9 lakh indoor units. As of March 31, 2023, the company had 734 full-time employees. The company is seeking an investment of 400 crores from investors in the stock market, offering 1.31 crore shares in return.
EPACK Durable Limited Financial Information
– The company’s assets have increased from 520 crores to 1464 crores.
– Revenue has risen from 740 crores to 1540 crores.
– Net worth has increased from 66 crores to approximately 314 crores.
– Bank loans and market borrowings have increased from 283 crores to 492 crores.
– Profit after tax has grown from approximately 8 crores to about 32 crores.
The company claims that its revenue increased by 66.09%, and profit after tax increased by 83.39% in the past year.
EPACK Durable IPO: Issue Price, Opening, Closing, Listing Date, and Investment
As of the latest news, the company has not announced the price band, lot size, etc., leading to a lack of clarity in the Grey Market Premium (GMP) trend for EPACK Durable in the last three days. After the IPO price is declared, the company’s valuation will be assessed in the grey market. Until then, you can research the company at your level to find out how much money it has generated for its business, what the company’s future plans are, and how many orders it has secured for the coming years.
Disclaimer: Before making an investment decision, please consult with your financial advisor, and always remember that when you invest in the stock market, all risks associated with it are solely yours.
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