Eastman Auto and Power (EAPL) is planning its primary market debut soon. The power-electronics company filed confidential IPO papers with SEBI on Thursday. In a public announcement, the company said it has submitted “the pre-filed draft red herring prospectus with SEBI and the stock exchanges in relation to the proposed initial public offering (IPO) of its equity shares on the main board.”
Here are the key details about the proposed IPO:
#1 EAPL IPO: Issue Size
As per reports, the proposed IPO will be a book-built issue with an estimated size of Rs 1,800–2,000 crore. The company has submitted the documents through the confidential filing route.
Details of the fresh issue and the offer for sale have not been disclosed.
#2 EAPL IPO: Book Running Lead Managers
Axis Capital, Motilal Oswal, and JM Financial will act as the book-running lead managers for the IPO.
#3 EAPL IPO: Key Risks
The company has previously been involved in cases related to debt default, trademark infringement, and consumer disputes. It may also be vulnerable to risks arising from competition, regulatory changes, and its dependence on raw materials such as lithium.
#4 EAPL IPO: Financials
As per a company’s statement, EAPL reported revenue of Rs 4,228 crore for FY25, registering a compounded annual growth rate of 28% between FY23 and FY25.
#5 EAPL IPO: Product Portfolio
EAPL manufactures a wide range of energy and power-electronics products. Its portfolio includes electric three-wheeler battery packs, e-rickshaw chargers, solar batteries, home inverter batteries, automotive batteries, and industrial batteries. The company operates eight manufacturing facilities across India.