EPack Prefab Technologies IPO

About EPack Prefab IPO

EPack Prefab Technologies Limited's IPO consists of a fresh issue of equity shares aggregating up to ₹300 crores and an offer for sale of up to 10,000,000 equity shares by the selling shareholders, aggregating up to ₹204 crores. The price band is ₹194-₹204 per share and the lot size is 73. The IPO opens on September 24, 2025 and closes on September 26, 2025.

The listing date is on or about October 1, 2025 and the allotment date is on or about September 29, 2025. The credit of shares to the Demat account will take place on or about September 30, 2025, while the initiation of refund will take place on or about September 30, 2025.

Epack Prefab Technologies Ltd was incorporated in the year 1999 and has a legacy of over 25 years, operating into two business verticals, i.e. (i) Pre-Fab Business, wherein it provides complete solutions to customers on turnkey basis which includes designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas (“Pre-Fab Business”); and (ii) manufacturing of expanded polystyrene sheets and blocks (also referred as “EPS Block Moulded” products and “EPS Shape Moulded” products) for various industries such as construction, packaging, and consumer goods in India (“EPS Packaging Business”).

Objectives of EPack Prefab IPO

The company proposes to utilise the IPO proceeds for:

• Financing the capital expenditure requirements for setting up new manufacturing facility in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre- engineered steel building
  

• Financing the capital expenditure towards expansion of existing manufacturing facility in Andhra Pradesh for increasing the pre-engineered steel building capacity
  

• Repayment and/or pre-payment, in full or part, of certain borrowings
  

• General corporate purposes
  

Industry Outlook

As of FY25, the Indian prefabricated market was estimated around ₹465-485 billion. Key growth drivers of the industry include increased investments in the overall construction, favourable government policies, growing urbanisation and increasing population.

Moving forward, the industry is projected to register a CAGR of 9-11% between FY25-30 and value around ₹730-800 billion by FY30. This growth will be driven by continued construction investments, favourable government policies, growing acceptance of prefabricated construction, and expanding end use segments like pharmaceuticals, infrastructure, etc.

On the other hand, the pre-engineered building (PEB) industry expanded at a CAGR of ~8.3% over fiscals 2019 and 2025, growing from ₹130 billion in 2019 to ₹210 billion in fiscal 2025, driven by increased construction investments and growing awareness of PEB and its advantages.

The medium-term outlook is optimistic, with the industry expected to clock a CAGR of 9.5-10.5% between fiscals 2025 and 2030 to Rs 330-345 billion, supported by investments in the industrial and infrastructure sectors, such as warehouses and logistics as well as expressways (wayside amenities and toll plazas).

EPack Prefab Technologies IPO Company Information

Epack Prefab Technologies Ltd was incorporated in the year 1999 and has a legacy of over 25 years, operating into two business verticals, i.e. (i) Pre-Fab Business, wherein it provides complete solutions to customers on turnkey basis which includes designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas (“Pre-Fab Business”); and (ii) manufacturing of expanded polystyrene sheets and blocks (also referred as “EPS Block Molded” products and “EPS Shape Molded” products) for various industries such as construction, packaging, and consumer goods in India (“EPS Packaging Business”).

Epack Prefab Technologies IPO Strengths

• Strong and diverse market presence with comprehensive offerings in the growing pre-engineered steel buildings industry
  
• Strategically located manufacturing facilities coupled with comprehensive in-house design and engineering capabilities and wide sales presence, provide us a significant strategic cost advantage
  
• Long-standing relationships with customers across a diverse set of industries
  
• Strong financial performance and order book
  
• Experienced Promoters and Management team with extensive domain knowledge
  

Risks of Epack Prefab Technologies IPO

• Loss of any major customer from EPS packaging business may impact revenue
  
• Inability to comply with conditions of leased land may result in business relocation, which could adversely impact business
  
• Long recurrence of negative cash flows will impact financials
  
• Contingent liabilities and capital commitment, which if materialises, may adversely affect financial condition
  
• Adverse impact in North, Central and West regions may adversely affect the business, results of operations and financial condition of the company
  
• Under-utilisation of manufacturing capacities and an inability to effectively utilise its expanded manufacturing capacities could have an adverse effect on business
  
• Any decrease in demand of pre-fabricated buildings may impact business
  
• Volatility in the prices of raw materials or failure to maintain cordial relations with suppliers may adversely impact business
  

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on September 23, 2025.

IPO Registrar and Book Running Lead Managers

• Registrar: KFin Technologies Ltd
  
• Book Running Lead Manager: Monarch Network Capital Ltd and
  

Motilal Oswal Investment Advisors Ltd

Business Model

As a part of Pre-Fab Business, Epack Prefab Technologies Ltd offers pre-engineered steel buildings, pre-fabricated modular building structures, light gauge steel frames (“LGSF”), Sandwich Insulated Panels and other standard modular solutions to its customers. In its EPS Packaging Business, the company provides a variety of EPS Shape Moulded and EPS Block Moulded products, including EPS Sheets, packaging boxes for electronic goods, and hand-moulded packaging boxes.

Company Growth Trajectory

The revenue from operations of Epack Prefab Technologies Ltd grew from ₹656.761 crores in FY 23 to ₹1133.917 crores in FY 25. Its EBITDA margin increased from 7.85% in FY 23 to 10.39% in FY 25. The company’s PAT margin increased from 3.63% in FY 23 to 5.20% in FY 25. Strong and diverse market presence with comprehensive offerings has helped in the company’s growth.

Market Position

As per the CRISIL Report, Epack Prefab Technologies has the third largest production capacity in the pre-engineered steel building (PEB) industry. The company has been awarded certificate of excellence from Golden Book of World Records for “fastest erection of pre-engineered factory” building at Mambattu (Andhra Pradesh), India, covering an expansive area of 150,000 square feet.

How to Check Allotment Status of Epack Prefab Technologies IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies Ltd
  
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
  
• Click on any one of the appearing links
  
• Choose IPO name and enter either your application number, Demat account or PAN number
  
• Enter captcha and click on ‘Submit’ to know the status
  

2. Check on the Bombay Stock Exchange Website

• Go to the BSE website
  
• Click on ‘Status of Issue Application’ under ‘Investor Services’
  
• Click on ‘Application Status Check’
  
• Choose the ‘Issue Type’ and ‘Issue Name’
  
• Enter either your PAN or Application Number
  
• Tick the box ‘I’m not a robot’
  
• Click on ‘Search to view allotment status
  

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Epack Prefab Technologies Ltd. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status.

How to Apply for EPack Prefab IPO?

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.