EPack Prefab Technologies Ltd IPOEPACKPEB

The IPO opens on 24 Sept 2025 & closes on 26 Sept 2025.

EPack Prefab Technologies Limited was originally incorporated as 'E-Pack Polymers Private Limited' as a Private Limited Company dated February 12, 1999, issued by Registrar of Companies, at New Delhi, India. Subsequently, Company name was changed to 'EPack Polymers Private Limited' and a fresh Certificate of Incorporation dated October 13, 2020, was issued by the Registrar of Companies, Kanpur situated at Kanpur, Uttar Pradesh, India. Thereafter, Company's name was changed to 'EPack Prefab Technologies Private Limited', dated December 04, 2024. Subsequently, the name of the Company was changed from 'EPack Prefab Technologies Private Limited' to 'EPack Prefab Technologies Limited' and a fresh Certificate of Incorporation dated December 11, 2024, upon the conversion was issued by the RoC. The Company is presently operating into two business verticals, i.e. (i) Pre-Fab Business, wherein it provide complete solutions to customers on turnkey basis including designing, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated structures and its components in India and overseas; 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 2000, the Company established its first EPS Packaging manufacturing facilitates equipped with 8 molding machines. In 2002, it expanded the EPS Packaging manufacturing facilities by adding six more molding machines. In 2005, it further expanded the production plant by adding 85,000 square feet. In 2007, it added four more molding machines to the manufacturing facilities. In 2008, it started production of Sandwich Insulated Panel/PUF Panels for telecom structures. In 2011, it diversified the operations by venturing into prefab building. In 2012, it started making rockwool/glass wool and Sandwich Insulated Panels. In 2014, it established a plant for for pre-fabricated panels, doors, windows, structures, etc. in Greater Noida. In 2017, it expanded the Unit 2 by setting up a complete built-up section line. In 2018, it set up design and detailing team at Greater Noida (Uttar Pradesh). In 2022, it set up Unit 3 for manufacturing of built-up section and installed a steam turbine. The Company set up Unit 4 in Andhra Pradesh and further set up a 3rd design and detailing office in Vishakhapatnam in 2024. The Company is planning a fresh issue by raising funds aggregating to Rs 300 Cr and by issuing upto 10,000,000 Equity Shares of Rs 2 each through Offer for Sale by way of its Initial Public Offering.

EPack Prefab Technologies Ltd IPO will close on 26 Sept 2025.

<ul><li>Strong and diverse market presence with comprehensive offerings in the growing pre-engineered steel buildings industry.</li><li>Strategically located manufacturing facilities coupled with comprehensive in-house design and engineering capabilities and wide sales presence, provide us a significant strategic cost advantage.</li><li>Long-standing relationships with customers across a diverse set of industries.</li><li>Strong financial performance and a strong Order Book.</li><li>Experienced Promoters and Management team with extensive domain knowledge.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Sanjay Singhania</td> <td>7357631</td> <td>8.58</td> <td>6357734</td> <td>6.33</td> </tr> <tr> <td>2</td> <td>Ajay DD Singhania</td> <td>7525685</td> <td>8.78</td> <td>6529826</td> <td>6.5</td> </tr> <tr> <td>3</td> <td>Bajrang Bothra</td> <td>6326730</td> <td>7.38</td> <td>6226730</td> <td>6.2</td> </tr> <tr> <td>4</td> <td>Laxmi Pat Bothra</td> <td>7387256</td> <td>8.62</td> <td>6000350</td> <td>5.97</td> </tr> <tr> <td>5</td> <td>Nikhil Bothra</td> <td>2721400</td> <td>3.17</td> <td>2496400</td> <td>2.49</td> </tr> <tr> <td>6</td> <td>Divisha Singhania</td> <td>1758933</td> <td>2.05</td> <td>1508856</td> <td>1.5</td> </tr> <tr> <td>7</td> <td>Preity Singhania</td> <td>6874460</td> <td>8.02</td> <td>5864781</td> <td>5.84</td> </tr> <tr> <td>8</td> <td>Drishikka Singhania</td> <td>1742298</td> <td>2.03</td> <td>1501951</td> <td>1.5</td> </tr> <tr> <td>9</td> <td>Suman Bothra</td> <td>5123000</td> <td>5.97</td> <td>5001772</td> <td>4.98</td> </tr> <tr> <td>10</td> <td>Nitin Bothra</td> <td>3601866</td> <td>4.2</td> <td>2835000</td> <td>2.82</td> </tr> <tr> <td>11</td> <td>Leela Devi Bothra</td> <td>4975424</td> <td>5.8</td> <td>4175051</td> <td>4.16</td> </tr> <tr> <td>12</td> <td>Rajjat Bothra</td> <td>7531368</td> <td>8.78</td> <td>5931741</td> <td>5.91</td> </tr> <tr> <td>13</td> <td>Avishi Singhania</td> <td>1254935</td> <td>1.46</td> <td>1088872</td> <td>1.08</td> </tr> <tr> <td>14</td> <td>Pinky Ajay Singhania</td> <td>7543052</td> <td>8.8</td> <td>6537098</td> <td>6.51</td> </tr> <tr> <td>15</td> <td>Arshia Singhania</td> <td>1254935</td> <td>1.46</td> <td>1088872</td> <td>1.08</td> </tr> <tr> <td>16</td> <td>Araanya Singhania</td> <td>1254915</td> <td>1.46</td> <td>1088854</td> <td>1.08</td> </tr> <tr> <td>17</td> <td>Sanjay Preity Singhania Trust</td> <td>600200</td> <td>0.7</td> <td>600200</td> <td>0.6</td> </tr> </tbody> </table>

<ul><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>We undertake projects that involve business with government entities or government-owned organizations. Such engagements expose us to a range of associated risks.</li><li>A shortage or non-availability of essential utilities such as power and fuel could affect our manufacturing operations and have an adverse effect on our business, results of operations, financial condition and cash flows.</li><li>We may face challenges in introducing new engineering processes or adapting to evolving customer preferences in a timely and effective manner. Additionally, if our services become obsolete due to technological advancements or the emergence of alternative products, the demand for our engineering services and products may decline. Such circumstances could materially and adversely affect our business operations, cash flows, financial performance, and overall financial condition.</li><li>Under-utilization of our manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.</li><li>We are dependent on contract labour and any disruption to the supply of such contract labour for our manufacturing facilities or our inability to control the composition and cost of our contract labour could adversely affect our business, results of operations, financial condition and cash flows. Also, we may be subject to labour unrests and increased employee costs, which may adversely impact our business and results of operations.</li><li>We depend significantly on our design & detailing to conduct precise pre-approval engineering studies for potential orders in Pre-Fab Business. Inability of our design & detailing to provide cost effective solutions to our customers may have an adverse impact on our profit margins. We are also dependent upon project execution team in respect of execution of projects in respect of Pre-Fab Business. Any inability of these teams to accurately estimate project costs or effectively execute orders could adversely affect our business operations, financial performance, condition, and cash flows.</li><li>There have been certain delay in payment of statutory dues. Any delay in timely payment of statutory dues may expose us to penalties from the regulators.</li><li>We operate in a working capital-intensive business, and our ability to sustain optimal working capital levels is critical to our operations. Any failure to effectively manage our working capital requirements could adversely impact our business prospects, operational results, and financial condition.</li><li>We have made certain non-compliance in respect of conduct of (i) AGM and filing of financial statement; (ii) loans to directors; and (iii) inaccuracies in filing of Form DPT-3. In case our application for compounding are not accepted, we may be exposed to penalties.</li><li>Our registered office and all of our manufacturing facilities are located on leased land. We are yet to execute a formal sale deed in respect of the land situated at Mambattu (Andhra Pradesh) where we intend to expand our existing manufacturing facility. If we are unable to comply with conditions of use of such land, we may have to relocate our operations which may have an adverse impact on our business, results of operations, financial condition and cash flows.</li><li>We extend credit to certain of our customers including our Group Companies. There is no assurance that we will be able to receive the same in a timely manner or receive the same at all. Any delay or non-receipt of outstanding amount will impact our financials.</li><li>We depend on third party logistic providers for transport of our products. Any accident in transportation, delay by such logistic providers may hamper our operations and impact our business.</li><li>Our Company has surviving obligations under the Share Subscription and Purchase Agreement dated December 18, 2024, the occurrence of any such obligation event may cause a material adverse impact on our business, results of operations and cashflows.</li><li>Our insurance policies may not be adequate to cover all losses incurred in our business. Our inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our business, results of operations, financial condition and cash flows.</li><li>Our Company has negative cash flow from operating and investing activities. Any long recurrence of negative cash flows will impact our financials.</li><li>We have in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.</li><li>We have certain contingent liabilities and capital commitment, which if materialises, may adversely affect our financial condition.</li><li>We face significant competitive pressures in our business. Our inability to compete effectively would be detrimental to our business and prospects for future growth.</li><li>Our Company, its Promoters, Directors, Subsidiary etc. are involved in various litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect our business, results of operations and financial condition.</li><li>Information relating to installed capacities, historical production and capacity utilisation of our manufacturing facilities included in this Draft Red Herring Prospectus is based on various assumptions and estimates by the chartered engineer verifying such information and future production and capacity utilisation may vary.</li><li>We are dependent on top ten customer in respect of our EPS Packaging Business. Loss of any major customer may impact revenue from our EPS Packaging Business.</li><li>Our financial results may be subject to seasonal variations and cyclical nature of the industry.</li><li>Our EPS Packaging Business is also subject to various state and central government policies especially in respect of environment and pollution related policies. Any adverse policy may impact our EPS Packaging Business.</li><li>The interests of our Promoters/Directors in our Promoter Group and Group Companies namely, EPACK Durable Limited and East India Technologies Private Limited may cause conflicts of interest in the ordinary course of our business.</li><li>Our Pre-Fab Business is dependent on the growth of the commercial, infrastructure, and industrial landscape and our EPS Packaging Business is dependent on consumer durables. If the growth in these industries is slow or stagnant, it could have an adverse impact on our business, results of operations, financial condition and cash flows Our failure to identify and understand evolving industry trends and preferences and to develop new products to meet our customers' demands may materially adversely affect our business.</li><li>Our Statutory Auditor has included certain emphasis of matter in audited financials of our Company.</li><li>We propose to utilise a portion of the Net Proceeds of the Offer towards setting up of a new manufacturing facility at Ghiloth (Rajasthan) and expansion of existing manufacturing facility at Mambattu (Andhra Pradesh) unit which could be subject to delay due to delay in placing orders, delay in supplies from vendors or any unforeseen delays etc. Any such delay may lead to cost overruns, which may impact our financials, profitability and cash flows.</li><li>Our funding requirements and proposed deployment of the Net Proceeds are not appraised by any independent agency and are based on management estimates and may be subject to change based on various factors, some of which are beyond our control.</li><li>Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.</li><li>We have incurred indebtedness, and our inability to obtain further financing or meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations, financial condition and cash flows.</li><li>Any inability to protect our intellectual property or any claims that we infringe on the intellectual property rights of others and any failure to keep our technical knowledge confidential could erode our competitive advantage and could have a material adverse effect on us.</li><li>We have significant ongoing and planned capital expenditure, and such expenditure may not yield the benefits we anticipate.</li><li>We are highly dependent on our KMP and SMP, and our success depends in large part upon our Promoters. The loss of or our inability to attract or retain such persons could materially adversely affect our business performance.</li><li>Certain sections of this Draft Red Herring Prospectus contain information from CRISIL Report, which has been commissioned and paid for by our Company and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.</li><li>Our Promoters and Promoter Group will continue to retain a majority shareholding in us after the Offer, which will allow them to exercise significant influence over us.</li><li>Our ability to pay dividends in the future will depend on our future cash flows, working capital requirements, capital expenditures and financial condition.</li><li>We are subject to various laws and extensive government regulations and if we fail to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required in the ordinary course of our business, including environmental, health and safety laws and other regulations, our business financial condition, results of operations and cash flows may be adversely affected.</li><li>Failure or disruption of our information technology systems leading to security and data breach which may adversely affect our business, financial condition, results of operations, cash flows and prospects.</li><li>A downgrade in our credit ratings could materially adversely affect our business and financial condition and our ability to raise capital in the future.</li><li>We have in this Draft Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance that may vary from any standard methodology that is applicable across our industry.</li><li>Significant differences exist between Ind AS and other accounting principles, such as US GAAP and International Financial Reporting Standards ("IFRS"), which investors may be more familiar with and consider material to their assessment of our financial condition.</li><li>Failures in internal control systems could cause operational errors which may have an adverse impact on our profitability. We are responsible for establishing and maintaining adequate internal measures commensurate with the size and complexity of operations.</li><li>Pursuant to listing of the Equity Shares, we may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measure ("GSM") by the Stock Exchanges to enhance market integrity and safeguard the interest of investors.</li><li>U.P. Pollution Control Board has filed a complaint against our Company under Section 14(2) of the Commission for Air Quality Management in National Capital Region and Adjoining Areas Act, 2021 ("Air Act") for non-compliance of the directions under the Air Act. In case, the said complaint is decided against our Company, it may impact our EPS Packaging Business.</li><li>We have made certain non-compliance in respect of conduct of (i) AGM and filing of financial statement; (ii) loans to directors; and (iii) inaccuracies in filing of Form DPT-3. In case our application for compounding are not accepted, we may be exposed to penalties.</li><li>The interests of our Promoters/Directors in our Promoter Group and Group Companies namely, EPACK Durable Limited and East India Technologies Private Limited may cause conflicts of interest in the ordinary course of our business.</li><li>We are dependent on top ten customer in respect of our EPS Packaging Business. Loss of any major customer may impact revenue from our EPS Packaging Business.</li><li>Our registered office and all of our manufacturing facilities are located on leased land. We are yet to execute a formal sale deed in respect of the land situated at Mambattu (Andhra Pradesh) where we intend to expand our existing manufacturing facility. If we are unable to comply with conditions of use of such land, we may have to relocate our operations which may have an adverse impact on our business, results of operations, financial condition and cash flows.</li><li>Our Company has surviving obligations under the Share Subscription and Purchase Agreement dated December 18, 2024, the occurrence of any such obligation event may cause a material adverse impact on our business, results of operations and cashflows.</li><li>Our Company has negative cash flow from investing activities. Any long recurrence of negative cash flows will impact our financials.</li><li>We have certain contingent liabilities and capital commitment, which if materialises, may adversely affect our financial condition.</li><li>Our Business operations are geographically concentrated in the North and central, and West regions. Any adverse impact in these regions may adversely affect the business, results of operations and financial condition of our Company.</li><li>We propose to utilise a portion of the Net Proceeds of the Offer towards setting up of a new manufacturing facility at Ghiloth (Rajasthan) and expansion of existing manufacturing facility at Mambattu (Andhra Pradesh) unit which could be subject to delay due to delay in placing orders, delay in supplies from vendors or any unforeseen delays etc. Any such delay may lead to cost overruns, which may impact our financials, profitability and cash flows.</li><li>Our Statutory Auditor has included certain emphasis of matter in audited financials of our Company.</li><li>Under-utilization of our manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance. Further, information relating to installed capacities, historical production and capacity utilisation of our manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates by the chartered engineer verifying such information and future production and capacity utilisation may vary.</li><li>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.</li><li>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.</li><li>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.</li><li>Certain sections of this Red Herring Prospectus contain information from CRISIL Report, which has been commissioned and paid for by our Company and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.</li><li>We have incurred indebtedness, and our inability to obtain further financing or meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations, financial condition and cash flows.</li><li>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.</li><li>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.</li><li>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.</li><li>We have significant ongoing and planned capital expenditure, and such expenditure may not yield the benefits we anticipate.</li><li>A downgrade in our credit ratings could materially adversely affect our business and financial condition and our ability to raise capital in the future.</li><li>We undertake projects that involve business with government entities or government-owned organizations. Such engagements expose us to a range of associated risks.</li><li>We rely on a limited number of suppliers for our raw materials in respect of our EPS packaging Business.</li><li>Certain of our Group Companies have incurred losses during Fiscal 2024 and 2023. Any losses incurred by our Subsidiary and Group Companies in the future may adversely affect our business, financial condition, results of operations and cash flows.</li><li>A shortage or non-availability of essential utilities such as power and fuel could affect our manufacturing operations and have an adverse effect on our business, results of operations, financial condition and cash flows.</li><li>We may face challenges in introducing new engineering processes or adapting to evolving customer preferences in a timely and effective manner. Additionally, if our services become obsolete due to technological advancements or the emergence of alternative products, the demand for our engineering services and products may decline. Such circumstances could materially and adversely affect our business operations, cash flows, financial performance, and overall financial condition.</li><li>The success of our business is dependent on various project management and other operating procedures developed by us which know-how cannot be protected under any particular intellectual property right regime. Further, our customers' and our own technical know-how or other confidential information may be misappropriated by our employees in violation of applicable confidentiality agreements.</li><li>We are dependent on contract labour and any disruption to the supply of such contract labour for our manufacturing facilities or our inability to control the composition and cost of our contract labour could adversely affect our business, results of operations, financial condition and cash flows. Also, we may be subject to labour unrests and increased employee costs, which may adversely impact our business and results of operations.</li><li>We depend significantly on our design & detailing to conduct precise pre-approval engineering studies for potential orders in Pre-Fab Business. Inability of our design & detailing to provide cost effective solutions to our customers may have an adverse impact on our profit margins. We are also dependent upon project execution team in respect of execution of projects in respect of Pre-Fab Business. Any inability of these teams to accurately estimate project costs or effectively execute orders could adversely affect our business operations, financial performance, condition, and cash flows.</li><li>There have been certain delay in payment of statutory dues. Any delay in timely payment of statutory dues may expose us to penalties from the regulators.</li><li>We operate in a working capital-intensive business, and our ability to sustain optimal working capital levels is critical to our operations. Any failure to effectively manage our working capital requirements could adversely impact our business prospects, operational results, and financial condition.</li><li>Our Company will not receive any proceeds from the Offer for Sale. However, the Promoters and other members of the promoter group, who is a Selling Shareholder, will receive proceeds from the Offer for Sale.</li><li>We extend credit to certain of our customers including our Group Company EPACK Durable Limited, which is a listed company since January 29, 2024, amongst other Group Companies and East India Technologies Private Limited. There is no assurance that we will be able to receive the same in a timely manner or receive the same at all. Any delay or non-receipt of outstanding amount will impact our financials.</li><li>We depend on third party logistic providers for transport of our products. Any accident in transportation, delay by such logistic providers may hamper our operations and impact our business.</li><li>We are subject to any fraud, theft, or embezzlement by our employees or job workers, it could adversely affect our reputation, results of operations and financial condition.</li><li>In the event there is any delay in the completion of the Offer, there would be a corresponding delay in the completion of the objects which would in turn affect our revenues and results of operations.</li><li>The requirements of being a listed company may strain our resources.</li><li>Our Promoters and certain of our Directors hold Equity Shares in our Company and therefore interested in our Company, other than remuneration and reimbursement of expenses.</li><li>Our insurance policies may not be adequate to cover all losses incurred in our business. Our inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our business, results of operations, financial condition and cash flows.</li><li>Our Whole-Time Director, Nikhil Bothra is in possession of two Director Identification Numbers ("DIN(s)") and is in the process of surrendering one of the DINs, which may expose him/us to regulatory liabilities or penalties and may adversely affect our business, results of operations and financial condition.</li><li>We have in the past entered into related party transactions and may continue to do so in the future, which may potentially involve conflicts of interest with the Shareholders.</li><li>We face significant competitive pressures in our business. Our inability to compete effectively would be detrimental to our business and prospects for future growth.</li><li>Our Company, its Promoters and its Group Companies etc. are involved in various litigations. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect our business, results of operations and financial condition.</li><li>Our financial results may be subject to seasonal variations and cyclical nature of the industry.</li><li>Our EPS Packaging Business is also subject to various state and central government policies especially in respect of environment and pollution related policies. Any adverse policy may impact our EPS Packaging Business.</li><li>Our Pre-Fab Business is dependent on the growth of the commercial, infrastructure, and industrial landscape and our EPS Packaging Business is dependent on consumer durables. If the growth in these industries is slow or stagnant, it could have an adverse impact on our business, results of operations, financial condition and cash flows Our failure to identify and understand evolving industry trends and preferences and to develop new products to meet our customers' demands may materially adversely affect our business.</li><li>Our funding requirements and proposed deployment of the Net Proceeds are not appraised by any independent agency and are based on management estimates and may be subject to change based on various factors, some of which are beyond our control.</li><li>Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior Shareholders' approval.</li><li>Any inability to protect our intellectual property or any claims that we infringe on the intellectual property rights of others and any failure to keep our technical knowledge confidential could erode our competitive advantage and could have a material adverse effect on us.</li><li>We are highly dependent on our KMP and SMP, and our success depends in large part upon our Promoters. The loss of or our inability to attract or retain such persons could materially adversely affect our business performance.</li><li>Our Promoters and Promoter Group will continue to retain a majority shareholding in us after the Offer, which will allow them to exercise significant influence over us.</li><li>Our ability to pay dividends in the future will depend on our future cash flows, working capital requirements, capital expenditures and financial condition.</li><li>We are subject to various laws and extensive government regulations and if we fail to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required in the ordinary course of our business, including environmental, health and safety laws and other regulations, our business financial condition, results of operations and cash flows may be adversely affected.</li><li>Failure or disruption of our information technology systems leading to security and data breach which may adversely affect our business, financial condition, results of operations, cash flows and prospects.</li><li>We have in this Red Herring Prospectus included certain non-GAAP financial measures and certain other industry measures related to our operations and financial performance that may vary from any standard methodology that is applicable across our industry.</li><li>Significant differences exist between Ind AS and other accounting principles, such as US GAAP and International Financial Reporting Standards ("IFRS"), which investors may be more familiar with and consider material to their assessment of our financial condition.</li><li>Failures in internal control systems could cause operational errors which may have an adverse impact on our profitability. We are responsible for establishing and maintaining adequate internal measures commensurate with the size and complexity of operations.</li><li>Pursuant to listing of the Equity Shares, we may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measure ("GSM") by the Stock Exchanges to enhance market integrity and safeguard the interest of investors.</li></ul>

The Issue type of EPack Prefab Technologies Ltd is Book Building.

The minimum application for shares of EPack Prefab Technologies Ltd is 73.

The total shares issue of EPack Prefab Technologies Ltd is 24705882.

Initial public offering of up to 24,705,882 equity shares of face value of Rs. 2/- each ("Equity Shares") of Epack Prefab Technologies Limited ("the Company" or the "Issuer") for cash at a price of Rs. 204 per equity share including securities premium of Rs. 104 per equity share ("Offer Price") aggregating up to Rs. 504 crores (the "Offer"). The offer comprises of a fresh issue of up to 14,705,882 equity shares by its company aggregating up to Rs. 300.00 crores (the "Fresh Issue") and an offer for sale of up to 10,000,000 equity shares (the "Offered Shares") consisting 999,897 equity shares aggregating to Rs. 204 crores by Sanjay Singhania, 995,859 equity shares aggregating toRs. [*] crores by Ajay DD Singhania, 100,000 equity shares aggregating to Rs. [*] crores by Bajrang Bothra, 1,386,906 equity shares aggregating toRs. [*] crores by Laxmi Pat Bothra and 225,000 equity shares aggregating to Rs. [*] crores by Nikhil Bothra, (Collectively Referred to as the "Promoter Selling Shareholders"), 250,077 equity shares aggregating to Rs. [*] crores by Divisha Singhania, 1,009,679 equity shares aggregating to Rs. [*] crores by Preity Singhania, 240,347 equity shares aggregating to Rs. [*] crores by Drishikka Singhania, 121,228 equity shares aggregating to Rs. [*] crores by Suman Bothra, 766,866 equity shares aggregating to Rs. [*] crores by Nitin Bothra, 800,373 equity shares aggregating to Rs. [*] crores by Leela Devi Bothra, 1,599,627 equity shares aggregating to Rs. [*] crores by Rajjat Bothra, 166,063 equity shares aggregating to Rs. [*] crores by Avishi Singhania, 1,005,954 equity shares aggregating to Rs. [*] crores by Pinky Ajay Singhania, 166,063 equity shares aggregating to Rs. [*] crores by Arshia Singhania and 166,061 equity shares aggregating to Rs. [*] crores by Araanya Singhania (Collectively Referred to as the "Promoter Group Selling Shareholder" and with Promoter Selling Shareholders, Referred to as the "Selling Shareholders").