EPack Prefab Technologies Seeks Rs 504 Crore through Maiden IPO

EPack Prefab Technologies, a Greater Noida-based company, is set to raise Rs 504 crore through its Initial Public Offering (IPO), which will open for subscription on September 24. The company has fixed a price band of Rs 194 to Rs 204 per share for its maiden public offering. The IPO will conclude on September 26, with a portion of the funds being allocated to setting up a new manufacturing facility, expanding the existing one, and paying off debt.

Key Takeaways:

EPack Prefab Technologies aims to raise Rs 504 crore through its Initial Public Offering (IPO), which will be open for subscription from September 24 to September 26.
The company has fixed a price band of Rs 194 to Rs 204 per share for its maiden public offering.
The IPO comprises fresh issues of shares worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters valued at Rs 204 crore at the upper end.
The proceeds from the fresh issue will be used for setting up a new manufacturing facility in Alwar, Rajasthan (Rs 101.62 crore), expanding the existing facility in Mambattu, Andhra Pradesh (Rs 58.10 crore), and paying off debt (Rs 70 crore).
The company has three manufacturing facilities in Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh) as of December 2024, and operates three design centres in Noida (Uttar Pradesh), Hyderabad (Telangana), and Visakhapatnam (Andhra Pradesh).
The issue allocation is as follows: 50 per cent for qualified institutional buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors.

Statistics:

Target amount to be raised through IPO: Rs 504 crore
Price band for IPO: Rs 194 to Rs 204 per share
Fresh issue of shares: Rs 300 crore
Offer For Sale (OFS) by promoters: 1 crore shares valued at Rs 204 crore at the upper end
Allocation:

+ Qualified institutional buyers (QIBs): 50%

+ Retail investors: 35%

+ Non-institutional investors: 15%

Sources: