IPO Details
Issue Date
--
Investment/lot
--
Price Range
--
Lot Size
--
IPO Size
N/A
Schedule of EPack Prefab Technologies Limited IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About EPack Prefab Technologies Limited 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. The company may consider a pre-IPO placement of up to ₹600 million, which if completed, would reduce the size of the fresh issue component. The total IPO size combines both the fresh issue and offer for sale, with the exact price band and final valuation to be announced closer to the opening date.
Objectives of EPack Prefab Technologies Limited IPO
- Financing the capital expenditure requirements for setting up new manufacturing facility in Rajasthan
- Financing the capital expenditure towards expansion of existing manufacturing facility in Andhra Pradesh
- Repayment and/or pre-payment, in full or part, of certain borrowings
- General corporate purposes
EPack Prefab Technologies Limited IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | ₹300 crore |
Offer for Sale | Up to 10,000,000 equity shares |
EPS (in ₹) for FY24 | 5.54 |
Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Industry Outlook
The Indian pre-fabricated market was estimated at approximately ₹435-455 billion in FY24 and is projected to grow at a CAGR of 9.5-11.5% to reach ₹715-750 billion by FY29, driven by increased construction investments, favourable government policies, and growing acceptance of prefabricated construction. The expanded polystyrene market, valued at ₹22 billion in FY24, is expected to grow at 5.8% annually to reach ₹28 billion by FY28, with demand increasing across construction and packaging sectors.
Company Information
EPack Prefab Technologies Limited (formerly known as EPack Polymers Private Limited) is an Indian company with over 25 years of history, operating in two main business verticals: Pre-Fab Business (designing, manufacturing, installation and erection of pre-engineered steel buildings) and EPS Packaging Business (manufacturing expanded polystyrene sheets and blocks for construction, packaging, and consumer goods).
EPack Prefab Technologies Limited IPO Strengths
The company has the third largest production capacity in the pre-engineered steel building (PEB) industry, with its Pre-Fab Business revenue registering an impressive CAGR of 55.48% between Fiscals 2022 to 2024, outpacing industry growth rates.
EPack Prefab offers a diversified and comprehensive product portfolio across multiple segments, being the only evaluated player offering all five key products - PEB, Sandwich Insulated Panels, LGSF, Metal doors, and Aluminium windows - positioning it as a
The company has a strong geographic presence, supplying Pre-Fab Business products and executing projects across 30 states and Union Territories in India, with strategically located manufacturing facilities that provide a significant cost advantage through
Risks of EPack Prefab Technologies Limited IPO
-
The company derives a significant portion of its revenue from its Pre-Fab Business vertical. Any decrease in demand of pre-fabricated buildings may impact the business.
-
The company's business and profitability are substantially dependent on the availability and cost of raw materials and components consumed, including steel for Pre-Fab Business and EPS beads for EPS Packaging Business, for which it relies on third parties. Any disruption in timely and adequate supply of raw materials, volatility in prices, or failure to maintain cordial relations with suppliers may adversely impact business operations and financial condition.
-
The company depends on third-party erectors for the timely execution and completion of its projects in Pre-Fab Business. Any delay from these third parties in project execution or failure to meet design and stability criteria may lead to collapse of buildings installed by the company, which could materially and adversely impact business operations, future prospects, and financial performance.
All Financial Information about EPack Prefab Technologies Limited
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Name of Company | Revenue from Operations (₹ crore) | Basic EPS (₹) | P/E | NAV (₹ Per Share) |
|---|---|---|---|---|
EPack Prefab Technologies Limited | 904.90 | 5.54 | NA | 21.80 |
Pennar Industries Limited | 3,130.57 | 7.29 | 24.49 | 64.95 |
Everest Industries Limited | 1,575.45 | 11.42 | 60.23 | 378.37 |
Interarch Buildings Limited | 1,293.30 | 58.68 | 28.04 | 308.43 |
Beardsell Limited | 244.95 | 2.10 | 18.71 | 17.99 |
Anchor Investor Bidding Date: TBA
Registrar: KFin Technologies Limited
Book Running Lead Managers: Monarch Networth Capital Limited, Motilal Oswal Investment Advisors Limited
Business Model
EPack Prefab Technologies Limited operates through two main business verticals: the Pre-Fab Business, which provides complete turnkey solutions including designing, manufacturing, installation and erection of pre-engineered steel buildings and pre-fabricated structures in India and overseas. The second vertical is the EPS Packaging Business, which manufactures expanded polystyrene sheets and blocks (EPS Block Molded and EPS Shape Molded products) for various industries including construction, packaging, and consumer goods in India.
Company Growth Trajectory
EPack Prefab Technologies Limited has shown impressive growth in its revenue from operations, increasing from ₹450.10 crores in FY22 to ₹656.76 crores in FY23 (45.91% growth), and further to ₹904.90 crores in FY24 (37.78% growth), demonstrating strong market performance over the three-year period. The company's EBITDA has grown even more significantly, rising from ₹35.54 crores in FY22 to ₹51.53 crores in FY23, and then to ₹86.99 crores in FY24, representing a remarkable CAGR of 56.53% over the three-year period. Additionally, the EBITDA margin has shown improvement, increasing from 7.90% in FY22 to 9.61% in FY24, indicating the company's enhanced operational efficiency and profitability despite rapid expansion.
EPack Prefab Technologies Limited Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 906.37 | 660.49 | 453.21 |
Profit Before Tax (in ₹ crores) | 58.47 | 32.69 | 26.10 |
Profit After Tax (in ₹ crores) | 42.95 | 23.97 | 19.52 |
EPS (in ₹) | 5.54 | 3.09 | 2.52 |
EBITDA (in ₹ crores) | 86.99 | 51.53 | 35.54 |
EPack Prefab Technologies Limited Balance Sheet
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 58.47 | 32.69 | 26.10 |
Net Cash Flow from Operating Activities (₹ crores) | 71.65 | 1.52 | 28.86 |
Net Cash Flow Used in Investing Activities (₹ crores) | (94.79) | (33.85) | (63.99) |
Net Cash Inflow/(Outflow) from Financing Activities (₹ crores) | 23.11 | 33.28 | 31.57 |
Cash & Cash Equivalent (₹ crores) | 1.58 | 1.60 | 0.65 |
How to Check Allotment Status of EPack Prefab Technologies Limited IPO?
Visit the Registrar's Website
To check the IPO allotment status for EPack Prefab Technologies Limited IPO, visit the official website of KFin Technologies Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.
On the BSE IPO page, follow these steps
- Select 'Equity' from the dropdown menu
- Choose 'EPack Prefab Technologies Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search'
Your EPack Prefab Technologies IPO allotment status will be displayed.
Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check EPack Prefab Technologies IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
- Application number
- PAN
Then click 'Submit'. Your EPack Prefab Technologies IPO bid and allotment details will be displayed.
How to Apply for EPack Prefab Technologies Limited 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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
EPack Prefab Technologies Limited IPO FAQs
What is the EPack Prefab Technologies Ltd IPO?
EPack Prefab Technologies Limited's IPO includes a ₹300 crore equity share offering and a proposal to sell up to 10,000,000 equity shares by the selling shareholders. A pre-IPO placement of up to ₹600 million may be considered, potentially reducing the amount of the fresh issue component.
Is EPack Prefab Technologies IPO coming?
Yes, EPack Prefab Technologies Ltd is expected to come up with its IPO soon.
Who is the Chairman of EPack Prefab Technologies?
Bajrang Bothra is the Chairman of EPack Prefab Technologies.
What is the lot size of shares of EPack Prefab Technologies Ltd IPO?
The company hasn’t given any information on the lot size yet.
From where can I read more about the IPO of EPack Prefab Technologies Ltd?
You may read more about EPack Prefab Technologies and its IPO from the company’s draft red herring prospectus (DRHP) here.
