Ahead of the issue opening, the company raised ₹151.2 crore from anchor investors. EPack Prefab Tech has allotted 74.12 lakh equity shares to 16 funds at ₹204 apiece, according to a BSE circular.
Citigroup Global Markets Mauritius, Morgan Stanley Asia (Singapore) Pte, WhiteOak Capital Mutual Fund and Ashika Global Securities, featured among the anchor investors.
The IPO comprises fresh issues of shares worth ₹300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters valued ₹204 crore at the upper end.
In terms of issue allocation, about 50% of the issue has been set aside for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors.
The net proceeds from the fresh issue to the extent of ₹101.62 crore will be used for setting up a new manufacturing facility at Ghiloth Industrial Area at Alwar in Rajasthan; ₹58.10 crore for expansion of the existing manufacturing facility at Mambattu in Andhra Pradesh for increasing the pre-engineered steel building capacity; ₹70 crore for payment of debt and a portion will be used for general corporate purposes.
Incorporated in 1999, EPack Prefab Technologies provides Pre-Engineered Building (PEB) solutions, covering design, fabrication, and installation for industries across commercial, industrial, and institutional sectors.
The company operates three manufacturing facilities in Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh) as of December 2024. It also operates three design centres located in Noida (Uttar Pradesh), Hyderabad (Telangana), and Visakhapatnam (Andhra Pradesh).
Monarch Networth Capital and Motilal Oswal Investment Advisors are the book-running lead managers, while KFin Technologies is the registrar to the issue.
The allotment for the Epack Prefab Technologies IPO is expected to be finalised on September 29. Shares of the company are expected to list on the stock exchanges on October 1.