Mr. Sanjay Singhania, MD & CEO, EPACK PREFAB TECHNOLOGIES LIMITED Management at IPO Price Band announcement – Mumbai/ GPN
EPACK PREFAB TECHNOLOGIES LIMITED Management at their IPO Price Band announcement – Mumbai/ GPN
MUMBAI, SACHIN MURDESHWAR: Epack Prefab Technologies Limited has fixed the price band of Rs. 194/- to Rs. 204/- per Equity Share of face value Rs. 2/- each for its maiden initial public offer.
Pre-engineered steel buildings solutions provider EPack Prefab Technologies IPO is slated to Open for bidding on Wednesday, September 24, and Close for subscription on Friday, September 26. The Rs. 504 crore public offer is a combination of fresh share sale of Rs. 300 crore and an offer for sale of 10,000,000 shares aggregating to Rs. 204 crore on the upper price band.
The lot size for EPack Prefab Technologies IPO is set as 73 shares, requiring an investment of Rs. 14,892 at the upper end of the price band.
In the upcoming IPO, 50% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 35% for retail investors.
The anchor book will open a day prior, on September 23. Meanwhile, the allotment for EPack Prefab Technologies IPO is expected to be finalised on September 29, with the tentative listing date set as 1st October, 2025.
Out of the fresh proceeds that the company plans to raise, it looks to use Rs. 103 crore for financing the capital expenditure requirements for setting up a new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan, for the manufacturing of continuous Sandwich Insulated Panels and pre-engineered steel buildings.
It has earmarked Rs. 58.17 crore for financing the capital expenditure towards the expansion of the existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre-engineered steel building capacity.
Additionally, Rs. 70 crore will be used to repay certain borrowings availed by the company, and the rest for general corporate purposes.
Incorporated in 1999, Epack Prefab Technologies has recorded healthy financial performance in the recent past years with the profit in fiscal year 2025 growing 38 percent to Rs 59.3 crore, up from Rs 43 crore in previous year. Revenue during the same period increased by 25.3 percent to Rs 1,133.9 crore, up from Rs 904.9 crore.
The company that competes with listed peers like Pennar Industries, Everest Industries, Interarch Building Solutions, and Beardsell had order book of Rs 1,209.2 crore in the pre-fab business, of which Rs 916.9 crore worth orders are pending as of March 2025.
Epack Prefab Technologies operates business through two divisions – pre-fab, and EPS packaging which contributed 84 percent and nearly 16 percent to revenue in FY25.
The company had filed its draft red herring prospectus with the SEBI in January this year, which was cleared by the regulator in August.Its group company Epack Durable already listed on the bourses, trading since January 30, 2024. The stock generated 69.3 percent return from its issue price of Rs 230.
Monarch Networth Capital, and Motilal Oswal Investment Advisors as merchant bankers will manage the Epack Prefab Technologies IPO.
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