EPack Prefab Technologies files DRHP for IPO with SEBI
EPack Prefab Technologies, a leading provider of pre-engineered and prefabricated building solutions, is all set to go public. The company has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO).
EPack Prefab Technologies IPO Details
According to DHRP, the EPack Prefab Technologies IPO will consist of a
- Fresh issue of shares worth ₹300 crore and
- Offer for sale of up to 10 million equity shares.
Here is a quick overview of where the raised funds will be allocated.
Use of Proceeds
- Establishing a new manufacturing facility: ₹101.62 crore will be used to set up a modern manufacturing facility at the Ghiloth Industrial Area, Shahjahanpur, Alwar, Rajasthan.
- Expanding the current manufacturing unit: ₹58.10 crore is allocated to expand the existing facility at Mambattu, Andhra Pradesh, to increase the production capacity for pre-engineered steel buildings.
- Reducing debt: ₹70 crore will be used to repay or prepay a portion of the company’s outstanding borrowings.
- General corporate purposes: A portion of the proceeds will be used towards general corporate requirements.
About EPack Prefab Technologies
Founded in 1999, EPACK Group operates in two business verticals:
- Pre-Fabricated Solutions: Deliver end-to-end turnkey solutions, including design, manufacturing, installation, and assembly of pre-engineered steel buildings and prefabricated structures.
- EPS Packaging Products: Specialises in the production of expanded polystyrene (EPS) sheets, blocks, and moulded products.
Across India, the company operates 11 fully operational manufacturing plants, and as of 2024, they are:
- Largest processor of EPS packaging
- The second largest manufacturer (ODM- Original Design Manufacturer) of room air conditioners.
- Earned a prestigious spot in the Golden Book of World Records for constructing an impressive 11.51 lakh square feet factory in 150 hours.
Company Financials
EPack Prefab boasts strong financials. For the year ended March 31, 2024, the company's revenue from operations stood at ₹904.90 crore, up 37.8% from ₹656.76 crore for the year ended March 31, 2023. Profit after tax (PAT) increased by 79.2% from fiscal year 2023 (₹23.97 crore) to fiscal year 2024 (₹42.95 crore).
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