Epack Prefab Technologies IPO: Issue subscribed 7% so far on Day 1. Check GMP and other key details – News Air Insight

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Epack Prefab Technologies’ Rs 504-crore initial public offer (IPO) witnessed a lukewarm start on Wednesday, the first day of bidding, as the issue was subscribed 7% in the first couple of hours of the issue opening. Investors bid for 11.5 lakh shares against 1.76 crore shares on offer, data from NSE showed.

The IPO is priced between Rs 194 and Rs 204 per share and includes a fresh issue worth Rs 300 crore along with an offer for sale of Rs 204 crore.

Epack Prefab Technologies IPO Subscription Status

As of 12 noon, the IPO was subscribed 7%, according to official stock exchange data.

Non-Institutional Investors (NIIs): This segment, which includes high-net-worth individuals and others, was subscribed 4%.

Retail Investors: The retail portion was booked 11% against the 89.12 lakh shares reserved for this category


Qualified Institutional Buyers (QIBs): No bids were received from institutional investors for the 49.38 lakh shares allocated to them. QIBs usually participated on the last day of the issue, in this case September 26.

Epack Prefab Technologies IPO GMP Today

Epack Prefab Technologies IPO is presently trading at a grey market premium (GMP) of approximately 9.7%, or Rs 20, reflecting mild investor optimism about the stock’s performance on listing day. Today’s GMP suggests that the stock could list at Rs 224 per share.Note: The grey market premium (GMP) is an unofficial price indicator for a stock before its official listing. Since it operates in an unregulated and unlisted market, GMP values can be volatile and should be interpreted carefully.

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Epack Prefab Technologies IPO Key Details

The subscription window will be open for three days, from Wednesday, September 24, 2025, to Friday, September 26, 2025. The tentative allotment date is Monday, September 29, with the tentative listing date set for Wednesday, September 30, 2025.

Company Overview

Epack Prefab Technologies operates in two verticals: pre-engineered building (PEB) solutions and expanded polystyrene (EPS) packaging products.

The company provides end-to-end prefab steel building solutions for industrial, commercial, residential, and infrastructure sectors under the brand Epack Prefab, and manufactures EPS blocks, sheets, and moulded products for packaging applications under Epack Packaging.

Financial Performance

The company has posted strong growth, with revenue rising from Rs 656.8 crore in FY23 to Rs 1,134 crore in FY25, a CAGR of over 30%. Net profit climbed from Rs 24 crore in FY23 to Rs 59 crore in FY25, while EBITDA margins improved from 7.8% to 10.4% during the same period.

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Use of IPO Proceeds

The company plans to allocate about Rs 103 crore to establish a new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre- engineered steel building. Additionally, about Rs 60 crore towards expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre- engineered steel building capacity. While the rest will be set aside for general corporate purposes.

Should you bid?

At the upper price band, Epack Prefab seeks a P/E of 34.5x on FY25 earnings, with EV/EBITDA at 15.4x. While valuations appear on the higher side, analysts believe the company’s strong order book, marquee client relationships, and capacity expansion plans offer long-term growth potential.

“We assign a Subscribe for long term rating to the issue,” said Rinkle Vira, Research Analyst at Anand Rathi.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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