IPO Trackers: IPO Trackers: Epack Durables and RK Swamy Submit Paper Drafts to Sebi for Public Release

Uttar Pradesh-based Epack Durables Ltd has submitted a draft Red Herring IPO prospectus to the Securities and Exchange Board of India (SEBI) to raise Rs.400 crore through new share issuance.

The IPO also includes an offer to sell 1,30,67,890 shares by Promoters, Promoter Group companies and other investors.

Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra and Rajjat ​​Kumar Bothra are the founders and group companies selling part of their shares in the company.

Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania and Ajay DD Singhania together own 42.90% of the company. India Advantage Fund and Dynamic India Fund, the two funds managed by ICICI Ventures, will also sell shares in the company.

The company plans to use the fresh proceeds from the IPO to fund capital expansion plans and repay a portion of its outstanding debt. Epack Durables is the second largest original design manufacturer (ODM) in the Indian market for the manufacture of home air conditioners and had a 29% market share in terms of volume in FY2023.

Axis Capital, DAM Capital Advisors and ICICI Securities are the book-running lead managers of the issue.

IPO of RK Swamy
Chennai-based RK Swamy Ltd has also submitted prospective proposals to SEBI for an initial public offering comprising a Rs.215 crore new issue of shares and an offer for sale of 87,000,000 shares by promoters and institutional investors. The company is one of India’s largest integrated marketing service providers, offering a single-window solution for creative, media, data analytics and market research services.

The company plans to use the Rs. 215 million to invest in developing IT infrastructure, setting up customer experience centers and setting up a digital video content production studio. SBICaps, IIFL Securities and Motilal Oswal Investment Banking are the book-running lead managers of the issue.

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