New Delhi, Sept 19: EPack Prefab Technologies is set to open its Initial Public Offering (IPO) on September 24, aiming to raise Rs 504 crore. The IPO will remain open for subscription until September 26, with a price band fixed between Rs 194 and Rs 204 per share.
The issue includes a fresh share sale worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters, valued at Rs 204 crore at the upper end. Funds from the fresh issue will be allocated for establishing a new manufacturing facility at Ghiloth Industrial Area in Alwar (Rs 101.62 crore), expanding the existing facility in Mambattu, Andhra Pradesh (Rs 58.10 crore), repayment of debt (Rs 70 crore), and general corporate purposes.
Founded in 1999, EPack Prefab Technologies offers comprehensive Pre-Engineered Building (PEB) solutions, including design, fabrication, and installation for commercial, industrial, and institutional sectors. The company operates three manufacturing facilities in Greater Noida, Ghiloth, and Mambattu, along with three design centers in Noida, Hyderabad, and Visakhapatnam.
The IPO allocation reserves 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors. Monarch Networth Capital and Motilal Oswal Investment Advisors serve as book-running lead managers, while KFin Technologies is the registrar. Shares are expected to debut on stock exchanges on October 1.