The Rs 504-crore issue opened on September 24, offering shares in a price band of Rs 194–204 apiece. It comprised a fresh issue of Rs 300 crore and an offer for sale of Rs 204 crore by existing investors.
All eyes are now on the Epack Prefab Tech IPO share allotment, expected to be finalized on Monday, September 29, ahead of the stock’s October 1 listing. Applicants can check their allotment status via Registrar Kfin Technologies or directly on the BSE platform
Checking allotment on KFin Technologies (Registrar)
Visit the KFinTech IPO status page
(https://ipostatus.kfintech.com/)Select Epack Prefab Technologies from the dropdown menu.Enter Application number or PAN numberYour allotment status will be displayed, showing the number of shares allotted.
Checking allotment on BSE (Exchange website)
Go to the BSE IPO allotment page(https://www.bseindia.com/investors/appli_check.aspx)Select Equity under issue type.
From the dropdown, choose Epack Prefab Technologies IPO
Enter your application number and PAN.
Click Search.
With the issue subscribed to over 3 times, the allotment chances are limited. Investors who miss out will get refunds/unblocked funds before listing.
Epack Prefab Tech GMP
As of September 27, Epack Prefab Technologies’ IPO had a grey market premium (GMP) of Rs 0, indicating a tepid demand in the unlisted market. If the current GMP trends are sustained till the listing, shares of Epack Prefab Technologies are expected to list plat at their IPO price of Rs 204.
Company Overview
Epack Prefab Technologies 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 that serve a wide range of packaging applications across industries.
The company intends to use approximately Rs 103 crore from the IPO proceeds to set up a new manufacturing facility in the Ghiloth Industrial Area, Shahjahanpur, Alwar (Rajasthan). In addition, around Rs 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. The rest will be set aside for general corporate purposes.
Also read: Tata Capital’s Rs 17,000 crore IPO opens on October 6
Subscription Details
As per BSE data, QIBs led the bidding process, subscribing over 5 times and bidding for 2.5 crore shares as against 49.28 lakh shares reserved for them.
Non-institutional investors or HNIs were next in line, bidding 3.68 times the portion reserved for them. The retail investor portion was also fully booked at about 1.7 times or 170%, data showed.
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