EPack Prefab Tech IPO Subscription Updates | Stock Market Today

Market Performance

The maiden public offering of EPack Prefab Technologies opened on September 24 with cautious investor participation. On Day 1, the IPO received bids for 9,80,536 shares against 1,76,70,103 shares on offer, marking a 6% subscription overall.

While the broader stock market saw mixed activity, the IPO garnered attention primarily from retail investors, with Qualified Institutional Buyers (QIBs) yet to subscribe. Non-institutional investors contributed a 3% subscription, and Retail Individual Investors (RIIs) saw a 10% subscription of their allocated quota.

This initial response reflects early market sentiment, as investors digest the company’s growth potential and the structure of its public offering.

Main News: IPO Structure & Subscription

EPack Prefab Technologies has set the price band for its maiden IPO between Rs 194 and Rs 204 per share, with the issue scheduled to close on September 26. The IPO is structured into:

• Fresh Issue: Rs 300 crore
  
  
• Offer for Sale (OFS): 1 crore shares by promoters, valued at Rs 204 crore at the upper price band
  
  

Funds raised from the fresh issue are earmarked for strategic growth and operational purposes:

• Rs 101.62 crore for a new manufacturing facility at Ghiloth Industrial Area, Alwar (Rajasthan)
  
  
• Rs 58.10 crore for expansion of the existing facility at Mambattu, Andhra Pradesh to increase pre-engineered steel building capacity
  
  
• Rs 70 crore for repayment of debt
  
  
• Remaining for general corporate purposes
  
  

In addition, the company raised Rs 151.2 crore from anchor investors on September 23, a step that demonstrates early institutional interest ahead of the retail bidding.

Company Details: EPack Prefab Technologies

Founded in 1999, EPack Prefab Technologies is a leading provider of Pre-Engineered Building (PEB) solutions. Its offerings span design, fabrication, and installation for commercial, industrial, and institutional sectors.

Key operational details:

• Manufacturing Facilities: Greater Noida (UP), Ghiloth (Rajasthan), Mambattu (Andhra Pradesh)
  
  
• Design Centres: Noida (UP), Hyderabad (Telangana), Visakhapatnam (Andhra Pradesh)
  
  
• Course of Operations: Provides end-to-end pre-engineered steel building solutions, catering to diverse industrial needs
  
  

The IPO allocation follows standard norms:

• QIBs: 50%
  
  
• Retail Investors: 35%
  
  
• Non-Institutional Investors: 15%
  
  

The IPO is managed by Monarch Networth Capital and Motilal Oswal Investment Advisors as book-running lead managers, with KFin Technologies serving as the registrar.

Summary

EPack Prefab Technologies’ maiden public offering has begun with a 6% subscription on Day 1, reflecting initial investor interest largely from retail participants.

The IPO proceeds are directed towards new and expanded manufacturing facilities, debt repayment, and corporate purposes, signaling the company’s focus on growth and operational scaling.

With listing expected on October 1, market participants are watching closely, while the IPO structure ensures participation across QIB, RII, and non-institutional investor categories.

The company’s pre-engineered building solutions, backed by decades of experience and multiple operational centers, make it a noteworthy IPO in the industrial sector.