EPACK Durable IPO to open on January 19: From price band to key dates - here are top 10 things to know

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EPACK Durable IPO: The mainboard initial public offering (IPO) of air conditioner (AC) manufacturer EPACK Durable will open for subscription tomorrow, January 19, 2024. The company is the second largest room air conditioner (RAC) original design manufacturer (ODM) in India in terms of the number of units (indoor + outdoor) manufactured in fiscal 2023 through the ODM route, according to EPACK Durable's red herring prospectus (RHP).

The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company has expanded its business into the small domestic appliance (SDA) market, particularly given the seasonal demand for RACs, and is currently developing and producing induction hobs, blenders, and water dispensers.

Also Read: EPACK Durable IPO: Price band set at ₹218-230 per share; check GMP, issue details, more The company is a customer-focused enterprise and maintains specialised research and development facilities in Greater Noida, Bhiwadi, and Dehradun. These facilities are furnished with a range of apparatus, including endurance test laboratories for RACs and SDAs, induction coils that function as automatic voltage testers and breakdown testers, needle flame testers, and customised glow wire testers.

1.EPACK Durable IPO key dates: EPACK Durable IPO opens for subscription on January 19, 2024 and closes on January 23, 2024. 2.EPACK Durable IPO price band: EPACK Durable IPO price band is set at ₹218 to ₹230 per equity share of the face value of ₹10 each.

3.EPACK Durable IPO Details: EPACK Durable IPO is a book built issue of ₹640.05 crore. The issue is a combination of fresh issue of 1.74 crore shares