EPACK Prefab Technologies Ltd

EPACK Prefab Technologies Ltd is engaged in the business of turnkey pre-engineered steel buildings. It also handles design, fabrication and installation for institutional clients. The company has 3 manufacturing facilities with total capacity of 1,26,546 MTPA pre-engineered capacity. Apart from these manufacturing units, the company also 3 design centres located at Noida, Hyderabad, and Visakhapatnam.  

The IPO is a combination of fresh issue and OFS. Fresh funds will be used for financing capex and for repayment of loans. EPACK Prefab Technologies Ltd was promoted by Sanjay Singhania, Ajay Singhania, Bajrang Bothra, Laxmi Pat Bothra, and Nikhil Bothra. The IPO will be lead-managed by Monarch Networth and Motilal Oswal; while KFIN Technologies (KFINTECH) will be the registrar. The company is headquartered at Noida. 

Highlights of the IPO Issue

Here are the key highlights of the public issue of EPACK Prefab Technologies Ltd. 

1. The IPO of will be open from September 24th, 2025 to September 26th, 2025. It has a face value of ₹2 per share and IPO price band is set in range of ₹194 to ₹204 per share.
2. The IPO of EPACK Prefab Technologies Ltd will be a combination of a fresh issue of shares and an offer for sale (OFS) by early shareholders.
3. The fresh issue portion comprises the issue of 1,47,05,882 shares (147.06 lakh shares), which at the upper price band of ₹204 per share translates into ₹300.00 crore.
4. The OFS of the IPO comprises the sale of 1,00,00,000 shares (100.00 lakh shares), which at the upper price band of ₹204 per share translates into ₹204 crore.
5. The overall IPO will comprise of a fresh issue and an OFS of 2,47,05,882 shares (247.06 lakh shares) worth ₹504 crore at the upper band price of ₹204 per share. 

The IPO of EPACK Prefab Technologies Ltd will be listed on the NSE and the BSE on the IPO mainboard. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of EPACK Prefab Technologies Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of EPACK Prefab Technologies Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 73 shares) 

Financial Highlights

The table captures the key financials of EPACK Prefab Technologies Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

The company has shown steady sales growth while PAT margins have been around 5%. However, that is the norm for the pre-fab business. The ROE has been erratic, but has averaged around 20% in the last 3 years. 

Valuation Metrics

At the current issue price of ₹204 per share, the valuation of the company is at a P/E ratio of 27.6X in terms of latest year EPS of ₹7.39. A lot will depend on the level at which the ROE stabilizes as that would determine if the growth can justify the high valuations. However, there are also some other factors that investors must consider in this IPO. 

In the pre-fab engineering space, the company has a wider offering and also established liaisons with customers. That normally helps in this business. The manufacturing facilities are located strategically close to the user locations, thus keeping cost in check. The operations are largely vertically integrated, which gives them control. Investors can look at the IPO as a proxy for the booming construction business, from a longer-term perspective. 

A Brief on the Anchor Allocation

The anchor issue of EPACK Prefab Technologies Ltd saw a strong response on 23rd September 2025 with 29.55% of the IPO size absorbed by anchors. Out of 2,50,81,867 shares (250.82 lakh shares) on offer, anchors picked up 74,11,764 shares (74.12 lakh shares) accounting for 29.55% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹204 per share. This includes the face value of ₹2 per share plus a share premium of ₹202 per share. The anchor bidding opened and closed on 23rd September 2025.  

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of EPACK Prefab Technologies Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors

On 23rd September 2025, EPACK Prefab Technologies Ltd allotted 74,11,764 shares to 16 anchor investors. The allocation was done at the upper IPO price band of ₹204 per share which resulted in overall anchor allocation of ₹151.20 crore. The anchors have already absorbed 29.55% of the total issue size of ₹511.67 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹125.14 crores, or, 82.76% of the overall anchor allocation. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20250923-81&attachedId=49805768-c9ef-49d3-b5ca-1073eff78d2a 

Out of the 74,11,764 shares allocated to the anchors in the IPO, there were 28,43,204 shares allocated to mutual funds registered with SEBI. This allocation was made to a total of 6 mutual fund schemes across 3 AMCs. Mutual funds accounted for 38.36% of the total anchor allocation of the IPO. Most of the other anchor shares were allocated to alternative investment funds (AIFs), FPIs and ODIs. 

Next Step in the IPO

Post the closure of the IPO subscription on 26th September 2025, the basis of allotment will be finalized on 29th September 2025 and the refunds will be initiated on 30th September 2025. In addition, the demat credits are expected to also happen on 30th September 2025 and the stock will list on 01st October 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 30th September 2025 under ISIN (INE0MLS01022). 

IPO Subscription Status On Day-1

As of 5.10 pm on 24th September 2025, out of the 176.70 lakh shares on offer in the IPO (excluding anchor portion), EPACK Prefab Technologies Ltd saw bids for 52.77 lakh shares. This implies an overall subscription of 0.30X at a macro level. The granular break-up of subscriptions as of the close of Day-1 of the IPO of EPACK Prefab Technologies Ltd was as under: 

The subscriptions were led by the QIB Investors followed by the Retail investors and the HNI / NII investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to September 26, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-2

As of 5.15 pm on 25th September 2025, out of the 176.70 lakh shares on offer in the IPO (excluding anchor portion), EPACK Prefab Technologies Ltd saw bids for 104.70 lakh shares. This implies an overall subscription of 0.59X at a macro level. The granular break-up of subscriptions as of the close of Day-2 of the IPO of EPACK Prefab Technologies Ltd was as under: 

The subscriptions were led by the Retail Investors followed by the HNI / NII investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to September 26, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-3

As of 7.10 pm on 26th September 2025, out of the 176.70 lakh shares on offer in the IPO (excluding anchor portion), EPACK Prefab Technologies Ltd saw bids for 542.99 lakh shares. This implies an overall subscription of 3.07X at a macro level. The granular break-up of subscriptions as of the close of Day-3 of the IPO of EPACK Prefab Technologies Ltd was as under: 

The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO was open up to September 26, 2025, and the subscriptions have closed as of the close of trading on September 26, 2025. The above subscription table represents the updated status of the IPO as of the close as published by exchanges at 7.00 PM. These are the final subscription numbers for this IPO. 

About the EPACK Prefab Technologies Ltd

The IPO of EPACK Prefab Technologies Ltd opened on September 24th, 2025 and closed on September 26th, 2025. The IPO comprised of a fresh issue and an offer for sale (OFS) of 2,50,81,867 shares (250.82 lakh shares) worth ₹511.67 crore at the upper band price of ₹204 per share. The allotment status will be finalized by EOD of September 29, 2025. Here is how to check allotment status for the IPO of EPACK Prefab Technologies Ltd. You can check IPO status on BSE or NSE or IPO Registrar website (KFIN Technologies). 

Checking The Allotment Status of IPO on BSE Website

This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select EPACK Prefab Technologies Ltd from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip 
4. Alternatively, Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of EPACK Prefab Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select EPACKPEB from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of EPACK Prefab Technologies Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO on KFIN Technologies Ltd.

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below: 

https://kosmic.kfintech.com/ipostatus/ 

KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select EPACK Prefab Technologies Ltd.  

THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD 

To Query by Application Number, check the appropriate box and follow these steps. 

1. Enter the Application Number as it is 
2. Enter the 6-digit Captcha Code 
3. Click on Submit button 
4. Allotment Status gets displayed on screen 

Unlike in the past, now you do not have to select ASBA versus Non-ASBA option. 

To Query by Demat Account, check the appropriate box and follow these steps. 

1. First select the depository (NSDL / CDSL) 
2. Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL) 
3. Enter the Client-ID in the second box 
4. For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string 
5. Enter the 6-digit Captcha Code 
6. Click on Submit button 
7. Allotment Status gets displayed on screen 

To Query by PAN, check the appropriate box and follow these steps. 

1. Enter the 10-Character PAN number, available on your PAN card 
2. After you enter the PAN number, Enter the 6-digit numeric Captcha Code 
3. Click on Submit button 
4. Allotment status gets displayed on screen 

If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.  

Weak Listing For EPACK Prefab Technologies Ltd

EPACK Prefab Technologies Ltd had a weak listing on 01st October 2025. On the NSE, the stock of EPACK Prefab Technologies Ltd listed at ₹183.85, a discount of -9.88% to the IPO issue price of ₹204 per share. The issue was subscribed just 3.07 times overall at the close of the IPO, so opening sentiments being weak was along expected lines. However, the stock did show some signs of a late recovery from lower levels during the day. 

On the BSE also, the listing of EPACK Prefab Technologies Ltd was weak. Against the issue price of ₹204 per share, the stock listed at ₹186.10, a discount of -8.77% to the issue price. The stock of EPACK Prefab Technologies Ltd is on T+1 rolling settlement system. 

How The Stock Moved During The Day?

After opening sharply lower at ₹183.85 per share on the NSE, the stock traded above the listing price through the trading day. During the day, the stock of EPACK Prefab Technologies Ltd touched a high of ₹197.70 and an intraday low of ₹183.85. On the NSE, the upper circuit band of the stock is set at ₹220.62 while the lower circuit band is set at ₹147.08 per share. Effectively, the stock did show some bounce after the opening. 

What about the BSE? After opening sharply lower at ₹186.10 per share on the BSE, the stock hovered mostly above the listing price. During the day, the stock of EPACK Prefab Technologies Ltd touched a high of ₹197.75 and an intraday low of ₹183.85. On the BSE, the upper circuit band of the stock is set at ₹223.30 while the lower circuit band is set at ₹148.90 per share. Even on BSE, the stock remained above listing price for better part. 

How Did The Stock Close on Listing Day?

Here is how the stock of EPACK Prefab Technologies Ltd closed on the NSE. The closing price of ₹188.90 per share is at a discount of -7.40% to the IPO issue price but at a premium of 2.75% to the listing price of ₹183.85 per share on the NSE. The company had a market cap of ₹1,898 crore at close. During the day, the stock of EPACK Prefab Technologies Ltd traded 106.51 lakh shares on the NSE, with total traded value of ₹201.34 crore. Deliveries were 49.95% of the total volumes on NSE. 

Here is how the stock of EPACK Prefab Technologies Ltd closed on the BSE. The closing price of ₹191.10 per share is at a discount of -6.32% to the IPO issue price but a premium of 2.69% to the listing price of ͭ₹186.10 on the BSE. The company had a market cap of ₹1,920 crore as of close. During the day, the stock of EPACK Prefab Technologies Ltd traded 7.21 lakh shares on the BSE, having a total traded value of ₹13.61 crore. Deliveries were 50.05% on the BSE. 

The stock trades under the codes: NSE (EPACKPEB), BSE (544540), ISIN (INE0MLS01022).