Epack Prefab Tech Sets ₹194-204 Price Band for ₹504 Crore IPO
Epack Prefab Technologies, a Greater Noida-based pre-engineered building solutions company, is launching its IPO from September 24-26. The price band is set at ₹194-204 per share, aiming to raise ₹504 crore. The IPO comprises a fresh issue of 1.47 crore shares (₹300 crore) and an offer for sale of 1 crore shares (₹204 crore). Allotment finalization is expected on September 29, with trading commencing on October 1. Post-IPO, the company's market capitalization is projected to increase to ₹2,049.22 crore, while promoter holding will decrease to 64.54%.
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Epack Prefab Technologies, a Greater Noida-based company specializing in pre-engineered building solutions, is set to launch its Initial Public Offering (IPO) on September 24. The company has announced a price band of ₹194-204 per share for the issue, which aims to raise ₹504 crore.
IPO Details
| Aspect | Details |
|---|---|
| Subscription Period | September 24 - September 26 |
| Price Band | ₹194-204 per share |
| Total Issue Size | ₹504.00 crore |
| Fresh Issue | 1.47 crore shares (₹300.00 crore) |
| Offer for Sale | 1 crore shares (₹204.00 crore) |
| Minimum Investment | ₹14,892 (73 shares per lot) for retail investors |
Key Dates
| Event | Date |
|---|---|
| Allotment Finalization | September 29 |
| Trading Commencement | October 1 |
Company Overview
Epack Prefab Technologies, established in 1999, is a prominent player in the pre-engineered building solutions and cold roll-formed sections industry. The company caters to various sectors including:
- Airports
- Construction
- Logistics
- Automobiles
- Hospitals
- Power generation
Impact on Company Structure
Post-IPO, the company's structure is expected to change significantly:
| Aspect | Change |
|---|---|
| Market Capitalization | Projected to increase from ₹1,749.22 crore to ₹2,049.22 crore |
| Promoter Holding | Set to decrease from 87.27% to 64.54% |
This IPO marks a significant step for Epack Prefab Technologies as it seeks to capitalize on the growing demand for pre-engineered building solutions across various industries. Investors will be closely watching the subscription trends and the company's performance post-listing.
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