Epack Prefab Technologies IPO opens for subscription on September 24 and closes on September 26. The company will be raising Rs 504 crore from the primary markets. The issue is a combination of 1.47 crore fresh shares and an offer for sale of 1 crore selling shareholders’ shares. The company has set the price band between Rs 194 – 204 per equity share.
Epack Prefab Technologies IPO: GMP
The company’s shares were changing hands at a price of Rs 218 in the grey market. This represents a GMP of almost 7% to the issue price. However, it has fallen from Rs 223 or 9.3% when it was trading on September 19.
Epack Prefab Technologies IPO: Allotment and listing
The allotment for the shares is expected to be finalised on September 29, while the listing on the exchanges, BSE and NSE, is likely to be on October 01, as per a tentative schedule.
Epack Prefab Technologies IPO: Lot size
A retail application needs to apply for at least one lot of 73 shares, amounting to Rs 14,892. The lot size investment for a small NII is 14 lots of 1,022 shares, aggregating to Rs 2 lakh, and for a big NII, it is 68 lots of 4,964 shares, totalling Rs 10 lakh.
Epack Prefab Technologies IPO: BRLM and registrar
Monarch Networth Capital is the book-running lead manager for the IPO, and Kfin Technologies is the registrar of the issue.
About Epack Prefab Technologies
Epack Prefab Technologies is engaged in turnkey pre-engineered steel buildings and prefabricated structures, handling design, fabrication, and installation for industrial, institutional, and commercial sectors. It also manufactures EPS thermocol blocks, sheets, and shaped packaging items for insulation and packaging solutions, serving the packaging and construction industries.
Epack Prefab Technologies IPO: Expert take
Here are expert views on the issue. Anand Rathi explains that “on the valuation front, based on annualised FY25 earnings, the company is seeking a P/E of 34.5 times and EV/EBITDA of 15.4 times, and a post-issue market capitalisation of approximately Rs 2,049.2 crore, making the issue appear to be aggressively priced.”
They believe that the company leverages process innovation and advanced technology to enhance efficiency and customisation, “while cost competitiveness enables prefab solutions that balance affordability and functionality, driving sustainable growth in the long run. Hence, we assign ‘Subscribe’ for long-term rating for the issue,” added Anand Rathi Research in an IPO note.