Epack Prefab Technologies share price: Stock lists at nearly 10% discount on NSE; here's how much investors lost

Epack Prefab Technologies share price: Shares of Epack Prefab Technologies listed at ₹183.85 per unit on the National Stock Exchange (NSE) on Wednesday, October 1. This reflects a discount of 9.88% against the IPO issue price of ₹204 per share.

On the BSE, the stock debuted at ₹186.10 per share, down 8.77% from the issue price.

Epack Prefab Technologies share price: Here's how much investors lost

The company's ₹504 crore IPO consisted of a fresh issue of shares valued at ₹300 crore and an offer for sale of 1 crore shares by promoters valued at ₹204 crore.

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

The money generated will be used to set up a new manufacturing plant in Rajasthan, expand the existing manufacturing unit in Andhra Pradesh to ramp up pre-engineered steel building capacity, debt clearance, and cover general corporate purposes.

The initial public offering fetched 3.07 times subscription, with bids for 5,42,98,933 equity shares as against 1,76,70,103 shares reserved for them, as per the data on the BSE website.

The portion reserved for qualified institutional buyers, or QIBs, has been subscribed 5.10 times, while the category for non-institutional investors (NIIs) attracted 3.68 times subscription. The part set aside for retail investors fetched 1.69 times subscription.

Before the IPO, the company collected ₹151.2 crore from anchor investors, including Citigroup Global Markets Mauritius, WhiteOak Capital Mutual Fund, Ashika Global Securities, and Morgan Stanley Asia (Singapore) Pte. It allotted 74.12 lakh shares to 16 funds at ₹204 apiece.

EPack Prefab Technologies provides pre-engineered building (PEB) solutions. The firm is present across 30 states and union territories, as well as countries like Bhutan and Nepal.