EPack Prefab Technologies Eyes Rs 504 Crore Through IPO

EPack Prefab Technologies aims to raise Rs 504 crore through its IPO, opening on September 24 with a price band of Rs 194-204 per share. The proceeds will fund manufacturing expansions and debt payment. The listing is slated for October 1, with major shares reserved for institutional buyers.

EPack Prefab Technologies plans to raise Rs 504 crore through its Initial Public Offering (IPO), set to open for subscription on September 24. The firm has announced a price band of Rs 194 to Rs 204 per share, with the offering closing on September 26.

The IPO will feature fresh shares valued at Rs 300 crore and an Offer For Sale of 1 crore shares by promoters, priced at Rs 204 crore at the top end. Funds from the fresh issue will be allocated to a new manufacturing site in Rajasthan and expansion of an existing facility in Andhra Pradesh, alongside debt payments.

EPack, incorporated in 1999, specializes in Pre-Engineered Building solutions covering design and fabrication. Shares are set to list on stock exchanges on October 1. Institutional buyers are allocated 50% of the issue, with retail investors receiving 35%. Monarch Networth Capital and Motilal Oswal Investment Advisors are leading the process.

(With inputs from agencies.)