Market Performance
The stock market today opened on a cautious note for Epack Prefab IPO investors. Shares of Epack Prefab Technologies made their listing debut on October 1, but instead of a premium start, the stock slipped into negative territory right from the opening bell.
- NSE Listing Price: ₹183.85 per share
- BSE Listing Price: ₹186.10 per share
- IPO Issue Price: ₹194–₹204 per share
This translates to a discount of 9–10% compared to the issue price.
On the BSE, the stock touched a high of ₹190 and a low of ₹183.85. Meanwhile, on the NSE, the stock hit an intraday high of ₹192.95 after listing.
Main News – A Weak Debut
Despite the anticipation during its IPO phase, Epack Prefab IPO failed to meet market expectations on listing day. The stock opened lower than the issue price on both major exchanges, reflecting a subdued start.
While intraday movement saw minor recoveries, the shares could not move beyond a narrow range, leaving investors cautious about the near-term trajectory.
IPO Details – Key Highlights
The public issue of Epack Prefab Technologies was closely tracked, and here’s a quick breakdown of the numbers:
- IPO Opening Date: September 24
- IPO Closing Date: September 26
- Price Band: ₹194–₹204 per equity share
- Fresh Issue Size: ₹300 crore
- Offer for Sale (OFS): 1 crore shares (₹204 crore at upper band)
- Total IPO Size: Approx. ₹504 crore
Fund Utilisation Plan
The proceeds from the IPO were earmarked for multiple purposes, with a focus on expansion and debt reduction:
- Construction of a new manufacturing facility in Ghiloth Industrial Area, Alwar, Rajasthan
- ₹58.10 crore allocated for expansion of the existing facility in Mambattu, Andhra Pradesh to increase capacity of pre-engineered steel buildings
- ₹70 crore reserved for debt repayment
- Remaining funds to be used for general corporate requirements
Company Overview
Epack Prefab Technologies is engaged in the business of pre-engineered building solutions and manufacturing prefab structures. The company has been expanding its footprint through new facilities and capacity enhancements, with a focus on scaling up operations in both industrial and infrastructure segments.
Summary
To sum up, the debut of Epack Prefab IPO on the stock market today was on the weaker side, with shares listing at a discount of nearly 10% compared to the issue price.
The IPO had a total size of ₹504 crore, including a fresh issue of ₹300 crore and an OFS of ₹204 crore. Funds are set to be deployed towards expansion projects, setting up new facilities, debt repayment, and general corporate purposes.
While the listing fell short of expectations, the company’s focus on capacity building and expansion highlights its long-term plans in the prefab construction space.
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