EPack Prefab Tech IPO to open on Sep 24; eyes Rs 504 crore

New Delhi, Sep 19 (PTI) EPack Prefab Technologies on Friday said it is looking to garner Rs 504 crore through its Initial Public Offering (IPO), which will open for subscription on September 24.

The Greater Noida-based company has fixed a price band of Rs 194 to Rs 204 per share for its maiden public offering. The issue is scheduled to conclude on September 26.

The IPO comprises fresh issues of shares worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters valued Rs 204 crore at the upper end.

Proceeds from the fresh issue to the extent of Rs 101.62 crore will be used for setting up a new manufacturing facility at Ghiloth Industrial Area at Alwar in Rajasthan; Rs 58.10 crore for expansion of the existing manufacturing facility at Mambattu in Andhra Pradesh for increasing the pre-engineered steel building capacity; Rs 70 crore for payment of debt and a portion will be used for general corporate purposes.

Incorporated in 1999, EPack Prefab Technologies provides Pre-Engineered Building (PEB) solutions, covering design, fabrication, and installation for industries across commercial, industrial, and institutional sectors.

The company operates three manufacturing facilities in Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh) as of December 2024.

It also operates three design centres located in Noida (Uttar Pradesh), Hyderabad (Telangana), and Visakhapatnam (Andhra Pradesh).

In terms of issue allocation, 50 per cent of the IPO is reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors, and the remaining 15 per cent for non-institutional investors.

Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers, while KFin Technologies is the registrar to the issue.

Shares of EPack Prefab Technologies are expected to list on the stock exchanges on October 1. PTI SP SP DR DR