Epack Prefab Technologies Makes Successful IPO Debut with Rs 504 Crore
Epack Prefab Technologies, a leading provider of pre-engineered steel buildings and prefabricated structures, has successfully concluded its Initial Public Offering (IPO). The IPO, which opened on September 24 and closed on September 26, was supported by Monarch Networth Capital as the lead manager.
The IPO comprised a fresh issue of 1.47 crore shares and an offer for sale of 1 crore shares, totalling 2.47 crore equity shares. The total issue size was ₹504 crore. Retail investors had to apply for a minimum of one lot, consisting of 73 shares, priced at Rs 14,892.
Monarch Networth Capital served as the book-running lead manager, with Kfin Technologies acting as the registrar. Following the IPO, Epack Prefab Technologies was listed on the National Stock Exchange at Rs 183.85, a 9.8% discount from the issue price. On the Bombay Stock Exchange, it opened at Rs 186.10, down 8.77% from the issue price. The company raised Rs 504 crore from the primary markets through its IPO.
In addition to its core business, Epack Prefab Technologies also manufactures EPS thermocol blocks, sheets, and shaped packaging items, catering to insulation and packaging solutions.
Epack Prefab Technologies' successful IPO has brought the company's shares to the public market, with a significant discount from the issue price. The company's diverse product offerings and strong financial backing make it an attractive investment opportunity, as reflected in the 'Subscribe' rating assigned by Anand Rathi Research.
