Epack Prefab Technologies IPO opens on Sept 24: Check price band, lot size, objectives and key dates

Epack Prefab Technologies IPO: The initial public offering of prefabrication and construction player Epack Prefab Technologies Ltd will launch on September 24. The issue will conclude on September 26. The price band has been set at ₹194 to ₹204 per share.

The initial share sale aims to raise ₹504 crore via a fresh issuance of shares aggregating to ₹300 crore and an offer for sale of ₹204 crore.

Under the OFS, Sanjay Singhania, Bajrang Bothra, Ajay DD Singhania, Laxmi Pat Bothra, Nikhil Bothra, Preity Singhania, Divisha Singhania and Drishikka Singhania will sell their stake.

The fresh issue proceeds will be used to set up a new manufacturing facility in Rajasthan to manufacture sandwich insulated panels and pre-engineered steel buildings, for capital expenditure towards expansion of the existing manufacturing plant in Andhra Pradesh, for debt repayment and for corporate general purposes.

Epack Prefab Technologies IPO: Lot size

A lot consists of 73 shares. Half of the net offer has been reserved for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors.

Epack Prefab Technologies IPO timeline: Allotment and listing dates

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

About Epack Prefab Technologies

Epack Prefab Technologies operates in two business verticals – prefab business and manufacturing of expanded polystyrene sheets and blocks.

In the pre-fab business, the company offers pre-engineered steel buildings, prefabricated modular building structures, sandwich insulated panels, light gauge steel frames and other standard modular solutions to its customers.

In the EPS packaging business, it offers an array of EPS shape-moulded and EPS block-moulded products.