Epack Prefab Technologies IPO GMP: Key Things To Know About Pre-Fabricated Structure Manufacturer’s Public Issue

Epack Prefab Technologies IPO: The initial public offering (IPO) of Epack Prefab Technologies is all set to open for subscription on September 24. Here’s a look at some key details that applicants should know about Epack Prefab Technologies IPO:

Epack Prefab Technologies IPO GMP

The grey market premium (GMP) of shares of Epack Prefab Technologies is currently ranging between Rs 20 and Rs 21, according to multiple websites which track the demand for unlisted shares. Based on the GMP, shares of Epack Prefab Technologies are expected to list at Rs 225 per share with a premium of 10.29 per cent.

Epack Prefab Technologies: Subscription Update

Epack Prefab Technologies has been booked 9 per cent so far on the first day of subscription. In total applicants have placed bids for 1.5 million shares compared to the 17.67 million shares offered for subscription. Retail investors applied for 1.27 million shares of Epack Prefab Technologies compared to the 8.91 million shares reserved for the category, leading to the issue being booked 14 per cent so far.

Non-institutional investors applied for 2,33,381 shares compared to the 3.81 million shares set aside for the category, leading to the issue being booked 6 per cent. The pre-fabricated structure maker has set aside 4.93 million shares for the qualified institutional buyer category.

Epack Prefab Technologies IPO: Offer Size, Listing Date, Price Band

Epack Prefab Technologies The IPO issue size aggregates to Rs 504 crore and consists of a fresh issue of 14.7 million shares and an offer for sale (OFS) component of 10 million shares. The price band has been fixed at Rs 194-204 per share. For retail investors, the minimum lot size to apply is one lot consisting of 60 shares aggregating to a minimum investment of Rs 14,892.

Epack Prefab Technologies share allotment status is likely to be finalised on September 29. Once the share allotment status is decided, successful bidders will receive the shares in their demat accounts on September 30. Shares of Epack Prefab Technologies will tentatively list on the BSE and NSE on October 1.

Epack Prefab Technologies: Key Financials

Epack Prefab Technologies’ total income for the fiscal year ending March 31, 2025 was Rs 1140.49 crore, up by over 25 per cent from Rs 906.38 crore in the previous fiscal. The company’s profit-after-tax (PAT) for FY25 stood at Rs 59.32 crore, up by 38 per cent compared to Rs 42.96 crore in the preceding fiscal. The net worth of the company was up by over 109  per cent to Rs 353.93 crore in FY25 from Rs 168.96 crore in the preceding fiscal.

Epack Prefab Technologies: Peers

Epack Prefab Technologies faces competition from several companies in the pre-fabricated and pre-engineered building (PEB) market, ranging from large, diversified corporations to smaller, specialised players. The company also faces competition from companies that offer traditional construction methods. Some of the listed peers of Epack Prefab Technologies include Pennar Industries Ltd, Everest Industries Ltd, Interarch Building Solutions Ltd and Beardsell Ltd.

Epack Prefab Technologies: Business Model

Epack Prefab Technologies operates across two business verticals. The company provides complete solutions to customers on a turnkey basis as a part of its prefab business, wherein it designs, manufactures, installs and erects pre-engineered steel buildings, pre-fabricated structures and other construction components for clients in India and overseas. Epack Prefab Technologies' other business vertical includes the manufacturing of expanded polystyrene sheets and blocks for industries such as construction.

Epack Prefab Technologies IPO: Risks and Strengths

Here’s a look at some of the key risks related to Epack Prefab Technologies’ business, according to the company’s RHP:

• Epack Prefab Technologies disclosed in its RHP that it depends on its top-ten customers for its EPS packaging business; loss of any major customer can negatively impact the company’s revenue.

• The pre-fabricated structure maker also stated that it has experienced negative cash flows from its investing activities in the past, thus long recurrence of the same can negatively impact its financials. 

• Epack Prefab Technologies’ businesses are geographically concentrated in North and central, and West regions in India. Any disturbance in these regions can negatively impact the company’s business.

• The company also said that a major portion of its revenue comes from the prefab business vertical, and a decrease in demand for pre-fabricated buildings can negatively impact the company’s business. 

Here’s a look at some of the key strengths of Epack Prefab Technologies according to the company’s RHP:

• Epack Prefab Technologies claims to have a strong and diverse market presence with comprehensive offerings in the growing pre-engineered steel buildings industry.

• Epack Prefab Technologies has strategically located manufacturing facilities and comprehensive in-house design and engineering capabilities.

• The company also claims to have long-standing relationships with customers across a diverse set of industries.

Epack Prefab Technologies IPO: Objective

Epack Prefab Technologies plans to use the proceeds of the public issue for funding its capital expenditure requirements for establishing manufacturing facilities in Rajasthan and in Andhra Pradesh. The PEB maker will also use the funds for repaying its borrowings and for general corporate purposes.