Epack Prefab Lists at 10% Discount Despite Strong IPO Subscription

Epack Prefab Technologies Ltd. made a muted debut on the stock exchanges today, listing at Rs 183.85 on the NSE, about 10 per cent below its issue price of Rs 204 per share. This comes after its Rs 504-crore initial public offering (IPO) witnessed fair demand, being subscribed 3.14 times overall.

The IPO, open between September 24 and September 26, 2025, comprised a fresh issue of Rs 300 crore and an offer-for-sale (OFS) of Rs 204 crore. The company received bids for 5.43 crore shares against 1.77 crore shares on offer. Qualified institutional buyers (QIBs) led the response with 5.10 times subscription, followed by non-institutional investors (NIIs) at 3.68 times and retail investors at 1.7 times.

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Incorporated in 1999, Epack Prefab Technologies is engaged in the design, manufacture and installation of pre-engineered and prefabricated building solutions. Its portfolio includes prefabricated structures, insulation panels, cold rooms and steel buildings, catering to warehousing, Logistics, industrial, commercial and infrastructure sectors. Headquartered in Greater Noida, the company also operates through its subsidiary, Epack Prefab Solutions.

As per a CRISIL report (August 2025), the Indian prefabricated and pre-engineered buildings industry is expected to grow at a 9–11 per cent CAGR, from Rs 46,500–48,500 crore in FY25 to Rs 73,000–80,000 crore by FY30, driven by infrastructure, logistics and industrial expansion.

The IPO proceeds will be utilised for capacity expansion, including a new plant at Ghiloth (Rajasthan), expansion of the Mambattu (Andhra Pradesh) facility, partial debt repayment, and general corporate purposes.

Disclaimer: The article is for informational purposes only and not investment advice.