Liquidity Events
GEF-backed EPack Prefab Tech’s Rs.504-Cr IPO oversubscribed
The INR 504 crore initial public offering (IPO) of Noida-based construction services and packaging solutions provider Epack Prefab Tech was oversubscribed. The IPO comprised a fresh issue of INR 300 crore and an offer for sale of INR 204 crore by existing investors, in a price band of INR 194-204 apiece.The company intends to use about INR 103 crore from the proceeds to set up a new manufacturing facility in the Ghiloth Industrial Area, Shahjahanpur, Alwar (Rajasthan). Around INR 60 crore will be used to expand its existing manufacturing operations at the Mambattu Unit 4 in Andhra Pradesh, focusing on increasing its steel building production capacity.Incorporated in 1999, Epack Prefab operates through two primary business verticals: Pre-Engineered Building (PEB) solutions and Expanded Polystyrene (EPS) packaging products. Under its flagship brand, Epack Prefab, the company offers customised steel building solutions catering to industrial, commercial, residential, and infrastructure projects. Its packaging division, Epack Packaging, produces EPS blocks, sheets, and moulded components.
IN Dec 2024, Epack Prefab had attracted about USD 20 M from GEF Capital Partners.For FY24, Epack Prefab had reported about INR 907 Cr in Operating Income and about INR 44 Cr in PAT.
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