Epack Prefab Technologies, a leading provider of pre-engineered steel buildings and prefabricated structures, has raised ₹151.2 crore from 10 anchor investors ahead of its initial public offering (IPO), scheduled to open on September 24.
Whiteoak Capital emerged as the largest investor, subscribing to 29.41 lakh shares worth ₹60 crore across six schemes. Other prominent investors in the anchor book include Morgan Stanley, 360 ONE, LC Pharos Multi Strategy Fund, Nuvama, Citigroup Global, and Sameeksha India.
In its filing with the exchanges, the company confirmed the allotment of 74,11,764 equity shares to anchor investors at ₹204 per share. Of this, 28,43,204 shares were allotted to two domestic mutual funds through six schemes.
The IPO will raise a total of ₹504 crore, comprising a fresh issue of shares worth ₹300 crore and an offer-for-sale of 1 crore shares valued at ₹204 crore. The price band for the issue has been set between ₹194 and ₹204 per share, with the subscription window open from September 24 to 26.
Proceeds from the fresh issue will be used for multiple purposes: about ₹103 crore for setting up a new manufacturing facility in Alwar, Rajasthan; ₹58.17 crore for expanding capacity at its Mambattu (Unit 4) facility in Andhra Pradesh; ₹70 crore towards debt repayment; and the remainder for general corporate requirements.
Founded in 1999, Epack Prefab Technologies operates in two segments—pre-fab solutions and EPS packaging. The pre-fab division offers steel buildings, prefabricated structures, and components, while the EPS packaging business produces polystyrene sheets and blocks for industries such as construction, packaging, and consumer goods.
Monarch Networth Capital and Motilal Oswal Investment Advisors are the lead managers for the IPO.
