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Initial public offerings

Epack Prefab Technologies IPO: A Mixed Bag for Investors

Strategic Insights

— 1 min read

Epack Prefab Technologies made its market debut nearly 10% below its issue price, listing at Rs 183.85 on the National Stock Exchange (NSE) and Rs 186.10 on the Bombay Stock Exchange (BSE). The IPO, which was open for subscription from September 24 to 26, raised Rs 504 crore for the company, which is engaged in turnkey pre-engineered steel buildings and prefabricated structures. Experts have mixed opinions about the company's valuation and long-term prospects.

Key Takeaways:

  • Epack Prefab Technologies listed at a discount of 9.8% from the issue price on the NSE and 8.77% lower than the issue price on the BSE.
  • The company raised Rs 504 crore from the primary markets through a combination of fresh shares and an offer for sale of selling shareholders' shares.
  • The issue was priced between Rs 194 and Rs 204 per equity share, with the allotment finalised on September 29.
  • Investors had to apply for at least one lot of 73 shares, amounting to Rs 14,892 for a retail application, while a small NII could apply for 1 lakh (14 lots of 1,022 shares) and a big NII could apply for Rs 10 lakh (68 lots of 4,964 shares).
  • Monarch Networth Capital was the book-running lead manager, and Kfin Technologies was the registrar of the issue.
  • Epack Prefab Technologies is engaged in turnkey pre-engineered steel buildings and prefabricated structures, and also manufactures EPS thermocol blocks, sheets, and shaped packaging items for insulation and packaging solutions.
  • The company leverages process innovation and advanced technology to enhance efficiency and customisation, while cost competitiveness enables prefab solutions that balance affordability and functionality.
  • Experts have encouraged investors to subscribe to the issue for long-term value, citing the company's sustainable growth prospects.

Statistics:

  • Listing price on NSE: Rs 183.85 (9.8% discount from issue price)
  • Listing price on BSE: Rs 186.10 (8.77% discount from issue price)
  • Issue price band: Rs 194 - Rs 204 per equity share
  • Amount raised: Rs 504 crore
  • Total shares issued: 1.47 crore (fresh shares) + 1 crore (sell-off shares)
  • Lot size for retail application: 73 shares (minimum investment: Rs 14,892)
  • Lot size for small NII: 14 lots of 1,022 shares (total investment: Rs 2 lakh)
  • Lot size for big NII: 68 lots of 4,964 shares (total investment: Rs 10 lakh)

Sources:

  • IE Online Media Services Pvt. Ltd. (Copyright 2025)
  • Contify.com
  • Anand Rathi Research (IPO note)

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