Epack Durable Ltd (Ticker: EPACK IN) is the second largest room air conditioner Original Design Manufacturer (ODM) in India, based on the number of units (indoor and outdoor units) manufactured in Fiscal 2023. The company's focus is on manufacturing Room Air Conditioners, Small Domestic Appliances (SDAs), and components like heat exchangers, cross-flow fans, axial fans, among others.
Epack Durable Ltd will list on the National Stock Exchange of India. The IPO raised INR 6.40 billion (USD 77.18 million) with an expected price range of INR 218.00 - 230.00 (USD 2.63 - 2.77). The IPO includes the offering of 10.44 million shares, all of which are secondary shares. The expected listing date is January 29, 2024. The offering is being managed by Axis Capital Ltd, DAM Capital Advisors Ltd, and ICICI Securities Ltd.