EPack Prefab Technologies, a specialist in pre-engineered building solutions, has successfully concluded the share allotment process for its Initial Public Offering (IPO) on September 29. The IPO, which aimed to raise ₹504 crore, garnered significant interest from investors across various categories.

IPO Details and Subscription Status

The IPO comprised a fresh issue of shares worth ₹300 crore and an offer for sale by promoters amounting to ₹204 crore. Priced in the band of ₹194-₹204 per share, the issue witnessed a robust overall subscription of 3.07 times. Investors showed keen interest by applying for 5.43 crore shares against the 1.77 crore shares on offer.

Segment-wise Subscription

The IPO received varied responses across different investor categories:

Allotment and Listing Details

Investors who participated in the IPO can now check their allotment status through various platforms:

• BSE website
• NSE website
• KFin Technologies website (Registrar to the issue)

To verify the allotment status, investors will need to use their PAN or application numbers.

The company has scheduled the processing of refunds and crediting of shares to successful applicants' demat accounts for September 30. The shares of EPack Prefab Technologies are set to make their stock market debut on October 1.

Company Background

Founded in 1999, EPack Prefab Technologies has established itself as a key player in the pre-engineered building solutions sector. The company boasts a strong presence across India with:

• Three manufacturing facilities
• Three design centers

These strategic locations enable EPack Prefab Technologies to cater to diverse client needs in the construction and infrastructure sectors.

The successful completion of this IPO marks a significant milestone for EPack Prefab Technologies, potentially providing the company with additional capital to fuel its growth and expansion plans in the competitive pre-engineered building solutions market.

Epack Prefab Technologies' initial public offering (IPO) has garnered significant interest from investors, achieving a 42% subscription rate on its second day of bidding. The Rs 504-crore IPO has seen investors bid for 71.15 lakh shares against the total issue size of 1.76 crore shares.

IPO Details

The IPO is priced in the range of Rs 194-204 per share and comprises a fresh issue worth Rs 300 crore along with an offer for sale of Rs 204 crore. The grey market is showing a positive sentiment towards the issue, with the stock trading at a premium of 8% above the upper price band of Rs 204, indicating an expected listing price of approximately Rs 221 per share.

Subscription Breakdown

• Retail investors: 47% subscription
• Non-institutional investors: 25% subscription
• Qualified institutional buyers: 46% subscription

Company Overview

Epack Prefab Technologies operates in the pre-engineered building solutions and expanded polystyrene packaging products sectors. The company has demonstrated strong financial growth in recent years:

This represents a compound annual growth rate (CAGR) exceeding 30% for revenue, with net profit more than doubling over the two-year period.

Utilization of IPO Proceeds

The company plans to use the funds raised from the IPO for the following purposes:

• Establishment of a new manufacturing facility in Rajasthan: Rs 103 crore
• Expansion of existing facility in Andhra Pradesh: Rs 60 crore

IPO Timeline

• Closing date: September 26
• Tentative allotment date: September 29
• Expected listing date: September 30

Investors and market watchers will be closely monitoring the performance of Epack Prefab Technologies' IPO as it progresses through its subscription period and moves towards its listing date.