Pre-engineered steel buildings solutions provider Epack Prefab Technologies has decided to open its initial public offering for subscription on September 24. This would be eighth company from the mainboard segment launching IPO next week.
The company will issue fresh shares worth Rs 300 crore via IPO, while promoters will sell 1 crore shares via offer-for-sale (OFS).
The public issue will close on September 26, while the anchor book will be launched for a day on September 23. The company will finalise its IPO share allotment by September 29, and list its shares on the bourses on October 1.
The Greater Noida-based will spend Rs 102.9 crore of the net fresh issue proceeds for setting up its new manufacturing facility at Alwar in Rajasthan for manufacturing of continuous sandwich insulated panels and pre-engineered steel building.
Further, Rs 58.1 crore will be utilised for expansion of existing manufacturing facility at Mambattu in Andhra Pradesh for increasing the pre-engineered steel building capacity. In addition, it will reduce its debt burden by Rs 70 crore through fresh issue proceeds, and the remainder funds will be utilised for general corporate purposes.
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Incorporated in 1999, Epack Prefab Technologies has recorded healthy financial performance in the recent past years with the profit in fiscal year 2025 growing 38 percent to Rs 59.3 crore, up from Rs 43 crore in previous year. Revenue during the same period increased by 25.3 percent to Rs 1,133.9 crore, up from Rs 904.9 crore.
The company that competes with listed peers like Pennar Industries, Everest Industries, Interarch Building Solutions, and Beardsell had order book of Rs 1,209.2 crore in the pre-fab business, of which Rs 916.9 crore worth orders are pending as of March 2025.
Epack Prefab Technologies operates business through two divisions - pre-fab, and EPS packaging which contributed 84 percent and nearly 16 percent to revenue in FY25.
The company had filed its draft red herring prospectus with the SEBI in January this year, which was cleared by the regulator in August.
Its group company Epack Durable already listed on the bourses, trading since January 30, 2024. The stock generated 69.3 percent return from its issue price of Rs 230.
Monarch Networth Capital, and Motilal Oswal Investment Advisors as merchant bankers will manage the Epack Prefab Technologies IPO.
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