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₹204 - 204
EPack Prefab Technologies Ltd
SteelIPO
₹204 - 204
We were incorporated in the year 1999 and have a legacy of over 25 years, operating into two business verticals, i.e. (i) Pre-Fab Business, wherein we provide complete solutions to customers on turnkey basis which includes designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas ("Pre-Fab Business"); and (ii) manufacturing of expanded polystyrene sheets and blocks (also referred as "EPS Block Molded" products and "EPS Shape Molded" products) for various industries such as construction, packaging, and consumer goods in India ("EPS Packaging Business").
Lot73Min Invest₹14,892Face Value₹2Issue Size₹504 CrFresh Issue₹300 CrOffer for Sale₹204 CrListing Price₹186CMP₹217
Timeline
24 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹504 Cr2.47 Cr shares
Fresh Issue₹300 Cr
Offer for Sale₹204 Cr
Face Value₹2
Lot Size73 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8921-13 lots
sNII₹2,08,488from 14 lots
bNII₹10,12,656from 68 lots
Managers & Registrar
Lead ManagerMonarch Networth Capital Ltd
Co-ManagerMotilal Oswal Investment Advisors Ltd
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSanjay SinghaniaPRMTR9,99,89720.40Ajay DD SinghaniaPRMTR9,95,85920.32Bajrang BothraPRMTR1,00,0002.04Laxmi Pat BothraPRMTR13,86,90628.29Nikhil BothraPRMTR2,25,0004.59Divisha SinghaniaPRMTR2,50,0775.10Preity SinghaniaPRMTR10,09,67920.60Drishikka SinghaniaPRMTR2,40,3474.90Suman BothraPRMTR1,21,2282.47Nitin BothraPRMTR7,66,86615.64Leela Devi BothraPRMTR8,00,37316.33Rajjat BothraPRMTR15,99,62732.63Avishi SinghaniaPRMTR1,66,0633.39Pinky Ajay SinghaniaPRMTR10,05,95420.52Arshia SinghaniaPRMTR1,66,0633.39Araanya SinghaniaPRMTR1,66,0613.39Total1,00,00,000204.00
Shareholding
CategoryPre IPOPost IPOPromoter Group87.26%64.55%Public12.74%35.45%
Objects of the Issue
- Financing the capital expenditure requirements for setting up new manufacturing facility at Ghiloth Industrial area, shahjahanpur, continuous sandwich insulated panels and pre-engineered steel building
- Financing the capital expenditure towards expansion of existing manufacturing facility at increasing the pre-engineered steel building capacity
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our company
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| RevenueCr | 657 | 905 | 1,134 | 1,525 | 1,596 |
| Operating ProfitCr | 52 | 87 | 118 | 160 | 163 |
| OPM% | 7.8 | 9.6 | 10.4 | 10.5 | 10.2 |
| PBTCr | 33 | 58 | 81 | 122 | 125 |
| PATCr | 24 | 43 | 59 | 93 | 95 |
| EPS | 3 | 6 | 8 | 10 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Equity CapitalCr | 4 | 4 | 16 | 20 | - |
| ReservesCr | 122 | 165 | 337 | 712 | - |
| BorrowingsCr | 109 | 150 | 215 | 115 | - |
| Fixed AssetsCr | - | - | 251 | 357 | - |
| Total AssetsCr | 432 | 614 | 913 | 1,427 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 | Latest |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 2 | 72 | 56 | 136 | - |
| Investing Cash FlowCr | -34 | -95 | -145 | -303 | - |
| Financing Cash FlowCr | 33 | 23 | 166 | 155 | - |
| Net Cash FlowCr | 1 | 0 | 78 | -13 | - |
Strengths & Risks
Strengths · as stated in the DRHP
- Strong and diverse market presence with comprehensive offerings in the growing pre-engineered steel buildings industry.
- Strategically located manufacturing facilities coupled with comprehensive in-house design and engineering capabilities and wide sales presence, provide us a significant strategic cost advantage.
- Long-standing relationships with customers across a diverse set of industries.
- Strong financial performance and a strong Order Book.
- Experienced Promoters and Management team with extensive domain knowledge.
Strategies · as stated in the DRHP
- Increasing our installed capacity through proposed expansions to capitalize on the rapid growth of the pre-engineered steel buildings industry.
- Deepening geographical footprint in respect of our Pre-Fab Business to cater to strategic markets domestically and expand internationally.
- Expand customer base and increase wallet share from existing customers.
- Continue to invest in technology infrastructure and design capabilities to enhance in-house design and engineering, and manufacturing capabilities.
- AI Implementation in our Marketing Process.
- To leverage the growing demand for environment friendly structures.
Risks · as stated in the DRHP
- We derive a significant portion of our revenue from our Pre-Fab Business vertical. Any decrease in demand of pre-fabricated buildings may impact our business.
- Our business and profitability are substantially dependent on the availability and the cost of our raw materials and components consumed, including steel for Pre-Fab Business and EPS beads for EPS Packaging Business for which we rely on third parties. Any disruption in timely and adequate supply of the raw materials, or volatility in the prices of raw materials or failure to maintain cordial relations with our suppliers may adversely impact our business, results of operations, financial condition and cash flows.
- We depend on third-party erectors for the timely execution and completion of our projects in Pre-Fab Business. Any delay on the part of these third parties in project execution, failure to meet design and stability criteria may lead to collapse of buildings installed by us. Any such collapse of building on account of failure of third-party erectors to comply with design and stability criteria could materially and adversely impact our business operations, future prospects, and financial performance.
- We are subject to applicable quality standards and performance requirements set by our customers. Any failure on our part to meet these standards or requirements may result in the cancellation of existing and future orders, invocation of performance bank guarantees or warranties, and indemnity or liability claims. Such events could adversely impact our business operations, financial performance, and cash flows.
- The number of orders we have received in the past in Pre-Fab Business, our current Order Book and our growth rate may not be indicative of the number of orders we will receive in future. Any delays in execution of our orders expose us to time and cost overruns and variability in revenue, materially and adversely impacting our revenue from operations, cash flows, financial condition and cash flows.
- Our business is dependent and will continue to depend on our manufacturing facilities and we are subject to certain risks in our manufacturing process due to usage of heavy machinery. Any disruption, accident, slowdown, or shutdown in our manufacturing operations could adversely affect our business, results of operations, financial condition and cash flows.