About Epack Prefab Technologies Limited - Mainboard IPO
Epack Prefab Technologies Limited is a construction company that makes ready-to-build steel structures and packaging materials. Started in 1999, the company has been growing for over 25 years by providing faster and cheaper building solutions compared to traditional concrete construction.
The company works in two main areas:
- Pre-engineered Buildings (PEB) - Making ready-made steel structures for factories, warehouses, and commercial buildings
- EPS Packaging - Making foam-based packaging materials for electronics and other products.
READ FULL DRHP HERE: SEBI|DRHP|EPACK PREFAB|
IPO Details
Key Information
| Details | Information |
|---|---|
| IPO Price Band | ₹194 - ₹204 per share |
| Minimum Lot Size | 73 shares (about ₹14,892 at highest price) |
| Issue Size | ₹504 crore (₹300 crore fresh + ₹204 crore OFS) |
| Face Value | ₹2 per share |
| Stock Exchanges | BSE and NSE (NSE Mainboard IPO, BSE Mainboard IPO) |
| Registrar | Kfin Technologies Ltd click here |
| Book-running Managers | Monarch Networth Capital Ltd, Motilal Oswal Investment Advisors Ltd |
IPO Timeline (Important Dates)
| Event | Date |
|---|---|
| IPO Opens | September 24, 2025 |
| IPO Closes | September 26, 2025 |
| Allotment Date | September 29, 2025 |
| Refunds/Unsuccessful Bids | September 30, 2025 |
| Shares in Demat Account | September 30, 2025 |
| Listing Date | October 1, 2025 |
What Is the Money Used For?
The funds raised will be used mainly for:
- ₹102.9 crore - Setting up new factory in Rajasthan for making insulated panels
- ₹58.1 crore - Expanding existing factory in Andhra Pradesh
- ₹70 crore - Repaying old loans
- General corporate purposes
Key Financials (as per NSDL and Company Reports)
| Financial Metric | FY23 (₹ Cr) | FY24 (₹ Cr) | FY25 (₹ Cr) |
|---|---|---|---|
| Revenue | 660.5 | 906.4 | 1,133.9 |
| Profit After Tax (PAT) | 24.0 | 43.0 | 59.3 |
| EBITDA (Profit from Operations) | 51.5 | 87.0 | 117.8 |
| EBITDA Margin | 7.8% | 9.6% | 10.4% |
| PAT Margin | 3.6% | 4.7% | 5.2% |
| Return on Equity (ROE) | - | 29.1% | 22.7% |
| ROCE | - | - | 22.9% |
| Earnings Per Share (EPS) | - | - | ₹6.92 |
| Debt to Equity | 0.73 | 0.86 | 0.15 |
Simple Explanation of Financial Terms:
- Revenue: Total sales made from business
- EBITDA: Profits before interest, taxes, and certain costs
- PAT (Profit After Tax): Final profit after all expenses
- ROE/ROCE: How well the company uses investor money
- EPS: Profit earned for each share
- Debt to Equity: How much loan the company has compared to owner’s money
Analysis
- Consistent growth: Revenue increased by 31% annually between FY23-FY25
- Improving profits: PAT grew by 57% annually in the same period
- Strong market position: 3rd largest capacity in PEB industry
- Diverse client base: Serves big companies like Havells, Asahi Glass, JK Tyre
- Low debt: Debt-to-equity improved from 0.73 to 0.15
Market Position
- Third largest production capacity in India’s pre-engineered steel building industry
- The PEB industry is growing at 8-10% per year and expected to reach ₹330-345 billion by 2030
- Company has completed 4,410 projects across India
- Has ISO certifications for quality and environmental management
Why Some Investors Like This Mainboard IPO
- Company is a leading player in fast-growing pre-engineered building sector
- Faster construction compared to traditional methods - saves time and money
- Government support for infrastructure and affordable housing projects
- Strong financial performance with consistent profit growth
- Asset-light business model with good return ratios
Points of Caution:
- Steel price dependency: Business affected by steel price changes
- Competition: Faces competition from unorganized players
- Project-based business: Revenue depends on winning new projects
- Economic sensitivity: Construction industry affected by economic slowdowns
IPO FAQS
What is an IPO?
- An IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time to raise money.
- Example: If a well-known pizza company wants to grow, it can list its shares on the stock exchange so anyone can buy a piece of the company.
How can you apply for an IPO (using Zerodha or Upstox)?
- Make sure you have a Demat account and your bank account is linked.
- Steps:
- Log in to your broker’s app (e.g., Zerodha Kite, Upstox).
- Go to the IPO section.
- Select the company’s IPO you want to apply for.
- Enter how many shares (or ‘lots’) you want and the price you wish to bid.
- Enter your UPI ID, submit your application, and approve the UPI payment request.
How are IPO shares allotted?
- If more people want shares than are available, the company uses a lottery system to decide who gets them.
- If you don’t get shares, your money is simply returned.
What is GMP (Grey Market Premium)?
- GMP shows the extra price people are willing to pay for IPO shares before they officially start trading.
- Example: If IPO price is ₹100 and GMP is ₹20, people are unofficially ready to pay ₹120. It hints at the IPO’s popularity but isn’t a guarantee.
Where to check upcoming IPOs (IPO calendar)?
- Visit popular finance sites like Chittorgarh, IPOWatch, or official exchange websites (NSE, BSE) and look for the “Upcoming IPO” section.
What are IPO listing gains?
- If the share’s price rises on the first trading day, you can make instant profit.
- Example: You buy at ₹150, and it opens at ₹200, you gain ₹50 per share.
How can you make profit from an IPO?
- Quick gains on listing day (if the stock price goes up).
- Long-term: If the company grows, the share price could increase further.
Which IPO is best to buy?
- There is no single best IPO. Check the company’s background, current demand, and GMP, but always research before investing.
- High GMP or popularity doesn’t guarantee profits.
Are IPOs safe?
- IPOs can be profitable but also risky; prices can go up or down sharply.
- Only invest if you are ready for potential losses.
How to check IPO allotment status?
- After the IPO process, check on exchanges (BSE/NSE websites) or the IPO registrar’s site (like K-Fintech, Bigshare,or mufg-intime) by entering your PAN or application number to see if you got shares.
Important Tips for Retail Investors Applying for an IPO
- Use Only Your Own PAN Card:
Avoid using the same PAN card for multiple IPO applications. For example, if you have already applied using your PAN for one IPO, don’t try to apply again with the same PAN under different accounts or through others. - Apply in the Right Category:
Ensure you select the correct investor category (such as Retail Individual Investor) when filling out your application. Applying under a wrong category can lead to rejection or disqualification. - Maintain Sufficient Bank Balance:
Before applying, ensure your bank account linked to the application has enough funds to cover the full bid amount. For instance, if the IPO application requires a payment of ₹15000, make sure your account holds at least that amount. - Use Your Own Bank Account:
Always apply through your own bank account. Using someone else’s account can cause your application to be rejected during the verification process. - Avoid Last-Minute Applications:
Don’t wait until the deadline day or moments before to apply. Last-minute submissions may face technical glitches or processing delays, reducing the chances of success.