IPO Corner: Epack Prefab Technologies Limited

Epack Prefab Technologies Limited has fixed the price band of ₹ 194/- to ₹204/- per Equity Share of face value ₹ 2/- each for its maiden initial public offer. The Initial Public Offering of the Company will open on Wednesday, September 24, 2025, for subscription and close on Friday, September 26, 2025. Investors can bid for a minimum of 73 Equity Shares and in multiples of 73 Equity Shares thereafter. The IPO is a fresh issue aggregating up to Rs 300 crore and an offer for sale up to 10,000,000 shares.

• Issue Opens: September 24, 2025
• Issue Closes: September 26, 2025
• Face Value: Rs 2 each
• Price Band: Rs 194 – 204 per share
• Lot Size: 73 Shares
• Listing: BSE NSE

The proceeds from the fresh issue to the extent of Rs 102.9 crore will be for funding the capital expenditure requirements for setting up a new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Rajasthan for manufacturing of continuous sandwich insulated panels and pre- engineered steel building. Also, Rs 58.1 crore will be used for financing the capital expenditure for expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre- engineered steel building capacity. Rs 70 crore will be utilized for repayment and/or pre-payment, in full or part, of certain borrowings availed by the company, and general corporate purposes.

The company is incorporated in 1999 and has two business verticals – Pre-Fab Business, wherein it provides complete solutions to customers on turnkey basis, which includes designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas, (Pre-Fab Business), and manufacturing of expanded polystyrene sheets and blocks (also referred as EPS Block Molded products and EPS Shape Molded products) for various industries such as construction, packaging, and consumer goods in India (EPS Packaging Business).

As per a CRISIL Report, the company is the fastest growing in terms of revenue from operations, registering a compounded annual growth rate of 41.79% between FY22-FY24 and its revenue from Pre-Fab business registered a compounded growth of 55.48% between FY22-FY24. The pre-engineered steel buildings industry expanded at a compounded growth rate of nearly 8.3% between FY 19 and FY 25, growing from Rs 130 billion in FY19 to Rs 210 billion in FY25.

In its pre-fab business, as on March 31, 2025, the company’s total installed capacity at its three manufacturing facilities situated at Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan) and Mambattu (Andhra Pradesh) is 133,922 tonnes per annum of pre-engineered capacity and 5,10,000 square metres of sandwich insulated panel capacity. In addition to its manufacturing facilities, the company also has three design centres located at Noida (Uttar Pradesh), Hyderabad (Telangana) and Vishakhapatnam (Andhra Pradesh).