EPack Prefab Technologies IPO Subscribed 3.07 Times, Receives Overwhelming Response

The initial public offering (IPO) of EPack Prefab Technologies Ltd, a leading provider of Pre-Engineered Building (PEB) solutions, has received a substantial response from the market. The company's IPO was subscribed 3.07 times, with qualified institutional buyers (QIBs) bidding 5.10 times the allocated shares. The subscription figures reveal a high level of interest in the company's shares, with over 5.42 crores of shares being bid for against the offered 1.76 crores of shares.

Key Takeaways:

The IPO of EPack Prefab Technologies Ltd received a subscription of 3.07 times, indicating a significant response from the market.
Qualified institutional buyers (QIBs) bid 5.10 times the allocated shares, while retail individual investors received 1.69 times subscription.
The quota for non-institutional investors got subscribed 3.68 times, further highlighting the interest in the company's shares.
The company has raised Rs 151.2 crore from anchor investors prior to the IPO.
EPack Prefab Technologies plans to use the proceeds from the fresh issue worth Rs 300 crore for setting up a new manufacturing facility, expansion of existing facilities, debt repayment, and general corporate purposes.
The company has a strong presence in the PEB market, operating three manufacturing facilities and three design centers across India.
The shares of EPack Prefab Technologies are expected to list on the stock exchanges on October 1.

Statistics:

IPO subscription: 3.07 times
QIBs subscription: 5.10 times
Retail individual investors subscription: 1.69 times
Non-institutional investors subscription: 3.68 times
Anchor investor investment: Rs 151.2 crore
Fresh issue: Rs 300 crore
Price band: Rs 194 to Rs 204 per share
Listing date: October 1

Sources:

NSE (National Stock Exchange) data
EPack Prefab Technologies Ltd
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