Epack Prefab Technologies IPO Subscribed 30% On Day 1

Epack Prefab Technologies Ltd. IPO was subscribed 0.3 times or 30% on day one. The offer aims to raise over Rs 500 crore from the primary market. The company offers pre-engineered building solutions to several industries.

The Epack Prefab Technologies IPO is a book-built issue of Rs 504 crore. It comprises a fresh issue of 1.47 crore shares worth Rs 300 crore and an offer-for-sale (OFS) of one crore shares amounting to Rs 204 crore.

Retail investors can participate in the IPO by bidding for a single lot size of 73 shares, leading to an investment of Rs 14,892. Small Non-Institutional Investors need to bid for 14 lots, amounting to an investment of Rs 2,08,488. Big Non-Institutional Investors must bid for a minimum of 68 lots, requiring an investment of Rs 10,12,656.

The price band for the IPO is set between Rs 194 and Rs 204 per share. The subscription window will be open till Sept. 26, with the allotment expected to be finalised on Sept. 29. Shares of Epack Prefab Technologies are expected to be listed on the BSE and NSE on Oct. 1.

Qualified Institutional Buyers (QIBs) will be offered a maximum of 50% of the net issue. Retail investors will be allocated at least 35% of the net issue and a minimum of 15% will be reserved for Non-Institutional Investors. 

Monarch Networth Capital Ltd. is the book running lead manager and KFin Technologies Ltd. is the registrar of the issue.

• Open date: Sept. 24

• Close date: Sept. 26

• Price Band: Rs 194-204 per share

• Allotment date: Sept. 29

• Listing date: Oct. 1

• IPO size: Rs 504 crore

• Fresh issue: Rs 300 crore

• OFS: Rs 204 crore

• Minimum bid: Lot size of 14 shares

Epack Prefab IPO was subscribed 0.3 times or 30% as of 5:00 p.m. on Wednesday.

• Institutional investors (QIB): 0.46 times or 46%

• Non-Institutional investors (NII): 0.12 times or 12%

• Retail investors: 0.29 times or 29%

According to InvestorGain, the GMP for the Epack Prefab Technologies IPO stood at Rs 20 as of 07:29 p.m. on Sept. 24. It indicates a listing price of Rs 224 apiece at a premium of 9.80% on the upper limit of the price band. 

Note: GMP does not represent official data and is based on speculation.

The company will use proceeds from the IPO to fund capital expenditure, clear debt and for general corporate purposes.

The company reported a 38% year-on-year (YoY) increase in profit after tax (PAT) to Rs 59.32 crore in FY25 from Rs 42.97 crore in FY24. Revenue from operations rose 25.3% YoY to Rs 1,133.92 crore in FY25 from Rs 904.9 crore in FY24.

Epack Prefab Technologies offers pre-engineered and prefabricated building solutions. Its products include pre-engineered buildings (PEBs), light gauge steel framing (LGSF) and sandwich panels.