New Delhi, Sep 23 (PTI) EPack Prefab Applied sciences on Tuesday stated it has raised ₹151.2 crore from anchor buyers, a day forward of the opening of its preliminary share-sale for public subscription.
Citigroup International Markets Mauritius, Morgan Stanley Asia (Singapore) Pte, WhiteOak Capital Mutual Fund and Ashika International Securities, featured among the many anchor buyers, in accordance with a round uploaded on the BSE web site.
EPack Prefab Applied sciences has allotted 74.12 lakh fairness shares to 16 funds at ₹204 apiece, the round added, the round added.
The ₹504-crore IPO will open for subscription on September 24 and conclude on September 26. The Higher Noida-based firm has mounted a worth band of ₹194 to ₹204 per share for its maiden public providing.
The IPO contains contemporary problems with shares price ₹300 crore and an Supply For Sale (OFS) of 1 crore shares by promoters valued ₹204 crore on the higher finish.
Proceeds from the contemporary problem to the extent of ₹101.62 crore will likely be used for organising a brand new manufacturing facility at Ghiloth Industrial Space at Alwar in Rajasthan; ₹58.10 crore for growth of the present manufacturing facility at Mambattu in Andhra Pradesh for growing the pre-engineered metal constructing capability; ₹70 crore for fee of debt and a portion will likely be used for basic company functions.
Included in 1999, EPack Prefab Applied sciences offers Pre-Engineered Constructing (PEB) options, protecting design, fabrication, and set up for industries throughout industrial, industrial, and institutional sectors.
The corporate operates three manufacturing services in Higher Noida (Uttar Pradesh), Ghiloth (Rajasthan), and Mambattu (Andhra Pradesh) as of December 2024. It additionally operates three design centres positioned in Noida (Uttar Pradesh), Hyderabad (Telangana), and Visakhapatnam (Andhra Pradesh).
By way of problem allocation, 50 per cent of the IPO is reserved for certified institutional patrons (QIBs), 35 per cent for retail buyers, and the remaining 15 per cent for non-institutional buyers.
Monarch Networth Capital and Motilal Oswal Funding Advisors are the book-running lead managers, whereas KFin Applied sciences is the registrar to the difficulty.
Shares of EPack Prefab Applied sciences are anticipated to checklist on the inventory exchanges on October 1.
