Epack Prefab Tech IPO Subscribed 30% on Day 1
Sep 24, 2025 18:13
Epack Prefab Technologies IPO received 30% subscription on day one. Details on IPO price, dates, and company plans.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Sep 24 (PTI) The initial share sale of Epack Prefab Technologies Ltd got subscribed 30 per cent on the first day of bidding on Wednesday.
The company's IPO received bids for 52,75,564 shares against 1,76,70,103 shares on offer, according to NSE data.
The component meant for qualified institutional buyers got subscribed 46 per cent while the portion for retail individual investors received 29 per cent subscription. The quota for non-institutional investors got subscribed 12 per cent.
EPack Prefab Technologies on Tuesday said it has raised Rs 151.2 crore from anchor investors.
The Rs 504-crore initial public offering (IPO) will conclude on September 26. The Greater Noida-based company has fixed a price band of Rs 194 to Rs 204 per share for its IPO.
The IPO has a fresh issue 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).
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.
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