Epack Prefab Technologies IPO opens for subscription: From price band to lot size, key things to know

Epack Prefab Technologies IPO: Pre-engineered building solutions provider Epack Prefab Technologies' initial public offering opened for subscription on Wednesday, September 24. The issue, which has set a price band of ₹194 to ₹204 per share, will end on Friday, September 26.

The ₹504 crore initial share sale is a mix of fresh issuance of shares valued at ₹300 crore and an offer for sale (OFS) aggregating to ₹204 crore.

Promoters Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra, Preity Singhania, Nikhil Bothra, Divisha Singhania and Drishikka Singhania are offloading their stake via the OFS route.

Of the fresh issue proceeds, ₹101.62 crore will be allocated for establishing a new manufacturing plant in Rajasthan, ₹58.10 crore for expansion of the existing manufacturing unit in Andhra Pradesh for improving the pre-engineered steel building capacity, ₹70 crore for debt repayment and the rest for general corporate purposes.

The minimum investment for a retail investor is 73 shares and in multiples thereafter.

Epack Prefab Technologies IPO day 1: Subscription details

On day 1 so far, the IPO received bids for 49,20,930 shares against 1,76,70,103 shares on offer, leading to 28% subscription, as per NSE data until 4:16 pm.

Incorporated in 1999, EPack Prefab Technologies Ltd offers pre-engineered building (PEB) solutions, covering design, fabrication, and installation for industries across industrial, commercial, and institutional sectors.

It runs three manufacturing facilities in Ghiloth (Rajasthan), Greater Noida (Uttar Pradesh), and Mambattu (Andhra Pradesh) as of December 2024. It also has three design centres situated in Noida (Uttar Pradesh), Visakhapatnam (Andhra Pradesh) and Hyderabad (Telangana).

Motilal Oswal Investment Advisors and Monarch Networth Capital are the issue's book-running lead managers, while KFin Technologies serves as the registrar.