Epack Durables IPO opens for subscription today, with a price band of Rs 218-230 per share. The issue includes a fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 1.04 crore shares. Through the IPO, the company plans to raise around Rs 640 crore. The company is the second-largest room air conditioner original design manufacturer (ODM) in India. Its current product portfolio comprises room air conditioners, small domestic appliances, and components. The fresh proceeds will be used to fund capital expansion plans and repay outstanding debt.
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