JSA advised India Advantage Fund S4 I (acting through its investment manager ICICI Venture Funds Management Company Limited) and Dynamic India Fund S4 US I in relation to the offer for sale of 5,261,686 equity shares aggregating to ₹ 1,210.19 million in the initial public offering of equity shares by EPACK Durables Limited (“IPO“) comprising of a fresh issue aggregating to ₹ 4,000.00 million and an offer for sale by existing shareholders aggregating to ₹ 2,400.53 million, at a price of ₹ 230 per equity share, aggregating to a total IPO size of ₹ 6,400.53 million.
EPACK Durables Limited successfully listed on January 30, 2024.
The book running lead managers to the IPO were Axis Capital Limited, DAM Capital Advisors Limited and ICICI Securities Limited.
EPACK Durable Limited manufactures room air conditioners (“RAC”) and small domestic appliances (“SDA”), and its components.
Deal value: ₹ 6,400.53 million
Our Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Pracheta Bhattacharya, Associate – Shambhavi Kumar.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.