Epack Prefab Technologies Lists At ₹183, Debuts 10% Below Issue Price

Epack Prefab Technologies Limited made its stock market debut today at ₹183 per share. This represents a discount of 10.2% compared with its issue price of ₹204. The listing follows the company’s ₹504 crore IPO, which combined a fresh issue with an offer for sale. The IPO bidding was held from September 24 to September 26, with allotments finalised on September 29.

IPO Structure

The IPO comprised a fresh issue of 1.47 crore shares worth ₹300 crore and an offer for sale of 1 crore shares totalling ₹204 crore. The book-built issue had a price band of ₹197–₹204 per share. Proceeds from the fresh issue are aimed at funding expansion, working capital, and corporate needs. Despite strong participation, the stock opened below its upper price band.

The subscription levels highlighted strong institutional interest. However, the muted debut indicates market caution amid broader volatility. Analysts note that the company’s fundamentals remain strong, supported by dual business verticals. Its exposure to infrastructure and packaging sectors provides resilience and growth opportunities.

Subscription Status

The IPO received an overall subscription of 3.14 times across investor categories. Qualified Institutional Buyers subscribed 5.09 times, the Non-Institutional category 3.79 times, and Retail Investors 1.74 times. The demand pattern showed strong institutional conviction and steady retail participation.

Subscription levels were considered healthy for an SME-scale player in the pre-engineered space. While listing gains were limited, long-term investors may continue to track fundamentals. Sustained demand for pre-fab solutions and packaging products could support performance. The company’s execution will be key to sustaining market confidence post listing.

Company Background

Founded in 1999, Epack Prefab operates in two key verticals: Pre-Fab solutions and EPS Packaging. The Pre-Fab business offers end-to-end services in designing, manufacturing, and installing pre-engineered steel buildings. The EPS division produces sheets, blocks, and moulded products used across construction, packaging, and consumer goods.

Its integrated model allows Epack Prefab to serve diverse customer requirements across India and select overseas markets. The Pre-Fab business has seen rising demand for cost-efficient structures, while EPS packaging remains a reliable revenue contributor. The dual model provides diversification, reducing dependence on a single segment.

Industry Outlook

According to CRISIL, Epack Prefab recorded revenue growth at a CAGR of 41.79% between FY22 and FY24. The Pre-Fab vertical alone expanded at 55.48%, outpacing industry averages. In contrast, the pre-engineered steel buildings sector grew at ~8.3% CAGR from FY19 to FY25. This highlights the company’s ability to outperform peers.

Industry prospects remain favourable, with growth expected at 9.5–10.5% CAGR until FY30. This would expand the sector to ₹330–₹345 billion by 2030. Epack Prefab’s established position places it to capture this opportunity. Its consistent growth record and diversified business mix support its long-term potential.

Read More: Epack Prefab Technologies IPO Allotment Status

Conclusion

Epack Prefab Technologies listed below issue price despite a well-subscribed IPO. Its business strengths and industry tailwinds remain intact. With exposure to infrastructure and packaging, the company is well positioned for growth. Investors will now focus on earnings delivery and demand momentum for post-listing performance.

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