EPack Prefab Technologies Limited, a niche infrastructure player specialising in pre-engineered buildings (PEB) and EPS packaging, made a subdued debut on the Indian stock exchanges on Tuesday, October 1, 2025. Epack Prefab Technologies shares listed at ₹183.85 on the National Stock Exchange (NSE), reflecting a 10% discount to the IPO price of ₹204 per share.
EPack Prefab IPO Performance
The ₹504-crore IPO was subscribed 3.07 times overall. Demand was led by qualified institutional buyers (QIBs), whose portion was subscribed 5.10 times, followed by non-institutional investors (NIIs) at 3.68 times and retail investors at 1.7 times. The subscription highlights strong investor interest despite the modest listing performance.
IPO Details
The IPO comprised a fresh issue of ₹300 crore alongside an offer-for-sale (OFS) of ₹204 crore. Investors were allowed to apply in standard lots, and bids for 5.43 crore shares were received against 1.77 crore shares on offer.
Use of Proceeds
Proceeds from the fresh issue are intended to fund a new manufacturing facility in Rajasthan, expand the existing Andhra Pradesh unit, repay outstanding debt, and support general corporate purposes.
About EPack Prefab Technologies
Founded in 1999 and headquartered in Greater Noida, EPack Prefab Technologies holds an estimated 8% domestic market share in pre-engineered buildings. The company has executed over 4,400 projects for nearly 2,000 clients across FY23–FY25.
EPack operates three manufacturing facilities in Greater Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh), along with three design centres in Noida, Hyderabad, and Visakhapatnam. The company focuses on cost-competitive, technology-driven solutions for its clients, offering visibility for long-term growth.
Financially, at the IPO price, EPack was valued at a P/E of 34.5x and EV/EBITDA of 15.4x, with a post-issue market capitalisation of approximately ₹2,049 crore. Analysts note that the company’s strong client base and execution record provide a solid foundation for future expansion despite premium valuations.
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Market Outlook and Conclusion
EPack Prefab Technologies IPO debut at a 10% discount reflects measured market sentiment on listing day. With plans to expand manufacturing capacity, repay debt, and strengthen operations, the company is well-positioned to capitalise on the growing demand for pre-engineered buildings in India.
Investors now have the opportunity to engage with a focused infrastructure player that combines a proven track record, robust execution capabilities, and a strategic approach to growth in the PEB and EPS packaging sector.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
