Epack Prefab Technologies Ltd. IPO

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EPACK Prefab Technologies, established in 1999, is a leading provider of integrated solutions in the Pre-Fabricated and EPS packaging industries. The company specializes in delivering pre-engineered steel buildings, modular building structures, and EPS packaging products. With a robust legacy of over 25 years, EPACK is committed to offering innovative, sustainable, and efficient solutions for a wide range of industries both in India and overseas.

Business Verticals

1. Pre-Fab Business
EPACK provides complete solutions for pre-engineered steel buildings and modular structures, covering design, manufacturing, installation, and erection. It operates three manufacturing facilities in Greater Noida, Ghiloth, and Mambattu, with a combined capacity of 126,546 MTPA for steel buildings and 510,000 SQM for sandwich insulated panels.

2. EPS Packaging Business
EPACK manufactures EPS sheets and molded packaging products for sectors like construction and consumer goods. With a capacity of 8,400 MTPA, their products are lightweight, impact-resistant, and insulating, meeting diverse packaging needs.

Growth and Market Position

EPACK is recognized for its rapid growth, with a compounded annual growth rate (CAGR) of 41.79% between FY22-24. The Pre-Fab Business alone saw a CAGR of 55.48% during the same period. The pre-engineered steel buildings industry is expected to grow at a CAGR of 9.5-10.5% between FY25-30, providing significant growth potential for EPACK’s Pre-Fab Business.

Technological Innovation and Sustainability

The company leverages modern technologies and a consulting-led approach to provide cost-effective, customized solutions. Notably, EPACK focuses on sustainability, as evidenced by a 52% reduction in embodied carbon emissions in pre-engineered buildings compared to traditional RCC structures. This commitment to environmental responsibility supports the company’s efforts in promoting energy-efficient and eco-friendly building solutions.

Key Strengths

i) Established Track Record: EPACK has delivered high-quality projects for clients like Delhi Metro and Airport Authority of India.
ii) Strategically Located Facilities: The company’s manufacturing units across India ensure cost efficiency and timely execution.
iii) Diverse Clientele: Serving clients in various sectors like railways, defense, and manufacturing, reducing reliance on any one industry.
iv) Strong Financial Performance: Consistent growth driven by operational efficiency, market outreach, and a growing order book.
v) Customer Relationships: Long-standing relationships with over 2,020 customers, ensuring repeat business and market leadership.

Objects of the Epack Prefab Technologies Ltd. IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Setting up a new manufacturing facility at Ghiloth Industrial Area, Rajasthan, for Sandwich Insulated Panels and pre-engineered steel buildings (₹102.97 cr) 2. Expanding the existing facility at Mambattu, Andhra Pradesh, to increase steel building capacity (₹58.17 cr) 3. Repaying or pre-paying part of the Company's borrowings (₹70 cr) 4. General corporate purposes.

DRHP of Epack Prefab Technologies Ltd. IPO
RHP of Epack Prefab Technologies Ltd. IPO

Epack Prefab Technologies Ltd. IPO Details:

Open Date: Sep 24 2025
Close Date: Sep 26 2025
Total Shares: 2,47,05,882
Face Value: ₹ 2 Per Equity Share
Issue Type: Book Building
Issue Size: 504 Cr.
Lot Size: 73 Shares
Issue Price: ₹ 194-204 Per Equity Share
Listing At: NSE,BSE
Listing Date: Oct 01 2025

Promoters And Management:

1. Bajrang Bothra is the Chairman and Non-Executive Director of the Company, associated since March 6, 2020. He holds a Master’s in Commerce from Sri Ram College of Commerce, University of Delhi, and has 34 years of experience in electronics manufacturing and the Pre-Engineered Steel Building industry. He also serves on the boards of EPACK Durable Limited and East India Technologies Private Limited. 2. Sanjay Singhania is the Managing Director and CEO, effective December 4, 2024. He joined the Company on February 12, 1999, and holds a Bachelor’s in Commerce from Gauhati University and an MBA from Swinburne University of Technology. With over 25 years of experience in EPS packaging and Pre-Engineered Steel Building, he leads the Company’s growth and strategy. 3. Ajay DD Singhania is a Non-Executive Director, associated with the Company since December 27, 1999. He holds a Bachelor’s in Technology from Himachal Pradesh University and an MBA from the University of Stranton. He has completed various leadership courses, including at the Wharton School and the Indian School of Business. With over 25 years in the Pre-Engineered Steel Building industry, he brings significant expertise to the Board.

Financials of Epack Prefab Technologies Ltd. IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 1,133.91 904.90 656.76
EBITDA (Cr) 117.79 87 51.5
EBITDA Margins 10.39% 9.61% 7.85%
PAT (Cr) 59.3 42.9 23.9
PAT Margins 5.20% 4.74% 3.63%
ROCE 22.88% 27.21% 20.31%
Debt to Equity Ratio(In Times) 0.15 0.77 0.73
Operating Cash Flows 62.2 71.6 1.5

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Epack Prefab Technologies Limited 1,133.91 10.39% 5.20% 22.88% 0.15 2,049.22 34.56
Pennar Industries Limited 3227 10% 3.69% 16.00% 0.81 3,374 27
Everest Industries Limited 1723 2% -0.23% 0.75% 0.44 1,096 -
Interarch Building Solutions Limited 1454 10% 7.43% 24.80% 0.03 3522 30.4
Beardsell Limited 268 8% 3.73% 15.20% 0.35 125 12

Lead Manager of Epack Prefab Technologies Ltd. IPO:

  1. Monarch Networth Capital Limited
  2. Motilal Oswal Investments Advisors Private Limited

Registrar of Epack Prefab Technologies Ltd. IPO:

  1. Kfin Technology Private Limited

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