NEW DELHI: EPack Prefab Technologies on Friday announced plans to raise ₹504 crore through its Initial Public Offering (IPO), set to open for subscription on September 24.
The Greater Noida-based firm has set a price band of ₹194–₹204 per share for its debut public offering, which will close on September 26.
The IPO includes a fresh issue of shares worth ₹300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters, valued at ₹204 crore at the upper price band.
Proceeds from the fresh issue will be allocated as follows: ₹101.62 crore for establishing a new manufacturing facility at Ghiloth Industrial Area, Alwar (Rajasthan); ₹58.10 crore for expanding the existing pre-engineered steel building facility at Mambattu, Andhra Pradesh; ₹70 crore for debt repayment; and the remaining portion for general corporate purposes.
Founded in 1999, EPack Prefab Technologies offers Pre-Engineered Building (PEB) solutions, covering design, fabrication, and installation for commercial, industrial, and institutional sectors.
As of December 2024, the company operates three manufacturing units in Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh), along with three design centres in Noida, Hyderabad (Telangana), and Visakhapatnam (Andhra Pradesh).
Regarding IPO allocation, 50% of the issue is reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers, while KFin Technologies is the registrar. EPack Prefab Technologies’ shares are expected to list on stock exchanges on October 1.
