EPack Prefab Technologies
Book Building issueMainboardBSE₹504 Cr issue
-8.77%
Listing gain over issue price
Issue size
₹504 Cr
1 lot at cut-off
₹14,892
Lot size
73shares
Open
24 Sep 2025
Close
26 Sep 2025
Allotment
29 Sep 2025
Listing
01 Oct 2025
Listing performance
Issue price
₹204
Listed at
₹186.10
Listing-day close
₹191.10
Latest price
₹253.74
Close on 12 Oct 2026
Listing gain
-8.77%
Return since issue
+24.38%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 24 Sep 2025 – 26 Sep 2025
- Listing date
- 01 Oct 2025
- Face value
- ₹1 per share
- Issue price
- ₹204 per share
- Lot size
- 73 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹504 Cr
- Market cap at offer price
- ₹2,049 Cr
- Promoter holding
- 87.27% → 64.54% pre-issue → post-issue
- ISIN
- INE0MLS01022
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Monarch Networth Capital Ltd.
- Registered office
- 61-B, Udyog Vihar Surajpur, Kasna Road, Gautam Buddha Nagar, Uttar Pradesh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 74,11,764 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 73 shares per lot, in multiples, at ₹204
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 73 | ₹14,892 |
| Retail (max) | 13 | 949 | ₹1,93,596 |
| S-HNI (min) | 14 | 1,022 | ₹2,08,488 |
| S-HNI (max) | 67 | 4,891 | ₹9,97,764 |
| B-HNI (min) | 68 | 4,964 | ₹10,12,656 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
74,11,764
Anchor portion
₹151 Cr
at ₹204 per share
Valuation and performance
Valuation at offer price
₹204 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.92 | 5.91 |
| P/E (×) | 29.48 | 34.52 |
| Price to book (×) | 9.36 | — |
| Market cap | — | ₹2,049 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 22.69%
- ROCE
- 22.88%
- Debt / equity
- 0.15
- PAT margin
- 5.20%
- EBITDA margin
- 10.39%
- NAV per share
- ₹45.66
- Price to book
- 9.36
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About EPack Prefab Technologies
EPack Prefab Technologies Limited (formerly EPack Polymers Private Limited) was incorporated in 1999 and operates across two business verticals: (1) Pre-Fab Business, which provides complete solutions on a turnkey basis including designing, manufacturing, installation and erection of pre-engineered steel buildings and pre-fabricated structures in India and overseas; and (2) EPS Packaging Business, which manufactures expanded polystyrene sheets and blocks for construction, packaging, and consumer goods industries in India. The company generates revenue through these two segments, with Pre-Fab Business being the larger contributor. The company has manufacturing facilities located in Greater Noida (Uttar Pradesh), Andhra Pradesh, and is establishing new capacity in Rajasthan.
Company Analysis
from RHPEPack Prefab Technologies Limited is a 25-year-old company providing complete turnkey solutions for pre-engineered steel buildings, pre-fabricated structures and expanded polystyrene packaging products across India and overseas.
EPack Prefab Technologies Limited (formerly EPack Polymers Private Limited) was incorporated in 1999 and operates across two business verticals: (1) Pre-Fab Business, which provides complete solutions on a turnkey basis including designing, manufacturing, installation and erection of pre-engineered steel buildings and pre-fabricated structures in India and overseas; and (2) EPS Packaging Business, which manufactures expanded polystyrene sheets and blocks for construction, packaging, and consumer goods industries in India. The company generates revenue through these two segments, with Pre-Fab Business being the larger contributor. The company has manufacturing facilities located in Greater Noida (Uttar Pradesh), Andhra Pradesh, and is establishing new capacity in Rajasthan.
Pre-engineered steel buildingsPre-fabricated constructionExpanded polystyrene (EPS) packagingConstructionPackagingConsumer goods
Objects of the Issue
- Financing the capital expenditure requirements for setting up new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre-engineered steel building ₹1,029.67 million p.29
- Financing the capital expenditure towards expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre-engineered steel building capacity ₹581.73 million p.29
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹700.00 million p.29
- General corporate purposes p.29
- Financing the capital expenditure requirements for setting up new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre-engineered steel building ₹1,029.67 million p.53
- Financing the capital expenditure towards expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre-engineered steel building capacity ₹581.73 million p.53
- Repayment and/or pre-payment of certain borrowings p.82
- General corporate purposes p.82
- Financing the capital expenditure requirements for setting up new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre-engineered steel building ₹1,029.67 million p.144
- Financing the capital expenditure towards expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre-engineered steel building capacity ₹581.73 million p.144
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company ₹700.00 million p.144
- General corporate purposes p.173
- Financing the capital expenditure requirements for setting up new manufacturing facility at Ghiloth Industrial Area, Shahjahanpur, Alwar in Rajasthan for manufacturing of continuous Sandwich Insulated Panels and pre-engineered steel building p.289
- Financing the capital expenditure towards expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh for increasing the pre-engineered steel building capacity p.289
- Funding capex for new manufacturing facility at Ghiloth, Rajasthan for Continuous Sandwich Insulated Panel capacity and pre-engineered steel building capacity p.308
- Funding capex for expansion of existing manufacturing facility at Mambattu, Andhra Pradesh for pre-engineered steel building capacity and accessories p.308
- Not specified in this section of the document p.483
Issue Structure
- Total Issue
- Up to [●] Equity Shares of face value of ₹ 2 each aggregating to ₹ [●] million
- Fresh Issue
- Up to [●] Equity Shares of face value of ₹ 2 each aggregating up to ₹3,000.00 million
- Offer for Sale
- Up to 10,000,000 Equity Shares of face value of ₹ 2 each aggregating up to ₹ [●] million
- Price Band
- Price band of a minimum price of ₹ [●] per Equity Share (i.e., the Floor Price) and the maximum price of ₹ [●] per Equity Share (i.e., the Cap Price)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹ 2 each
Business Model
The company operates a two-segment business model: (1) Pre-Fab Business generates revenue by providing complete turnkey solutions for pre-engineered steel buildings and pre-fabricated structures including design, manufacturing, installation and erection services; (2) EPS Packaging Business generates revenue by manufacturing and selling expanded polystyrene sheets and blocks (EPS Block Molded and EPS Shape Molded products) to construction, packaging and consumer goods industries.
Business Segments
Provides 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
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
Designs, manufactures, and installs pre-engineered steel buildings tailored to customer specifications. Includes continuous Sandwich Insulated Panels and pre-engineered steel building manufacturing at facilities in Greater Noida, Ghiloth, and Mambattu.
Manufactures expanded polystyrene packaging products for consumer durables. Operations include EPS Shape Molding and EPS Block Molding at Greater Noida Unit 1.
Manufactures pre-engineered steel building components including built-up sections, accessories, site roll forming roofing sheets, and hi-rib single skin sheets. Products are standardized components assembled at project sites.
Manufactures both continuous and discontinuous sandwich insulated panels used in cold storages, clean rooms, data centres, and building facades. Continuous panels for high-volume production and discontinuous panels for customized products.
Design, manufacturing, and installation of pre-engineered steel buildings, sandwich insulated panels, and related structural solutions for industrial, infrastructure, warehousing, and commercial applications
Production and sale of expanded polystyrene products, including EPS mouldings and sheets, used for packaging and insulation applications
Provides complete turnkey solutions including design, engineering, manufacturing, installation and erection of pre-engineered steel buildings, pre-fabricated modular structures, light gauge steel frames, sandwich insulated panels, and standard modular solutions
Manufacturing of expanded polystyrene (EPS) shape-molded and block-molded products for packaging, construction, and consumer goods applications
Manufacturing and supply of pre-engineered steel building components including built-up sections, cold-form products, site roll forming roofing sheets, hi-rib single skin sheets, sandwich insulated panels, and accessories (sag rods, angle bracing, anchor bolts, light gauge steel framed structures).
Manufacturing and supply of expanded polystyrene (EPS) packaging products including EPS shape molding and EPS block molding for consumer durables and electronics industries.
Design, manufacturing, and supply of pre-engineered building systems for construction purposes, recognized as revenue over time as the buildings are constructed and delivered to customers
Supply of building materials as finished goods sold at a point in time to customers in the construction industry
Manufacturing and sale of expanded polystyrene beads for packaging applications and industrial use, sold as manufactured goods
The Company has grown into a significant player in the pre-engineered and prefabricated buildings (PEB) segment, providing solutions for industrial, commercial, and residential sectors. The Company specializes in prefabricated and pre-engineered building solutions, offering everything from light-gauge steel framing (LGSF) to fully fabricated steel structures. Its solutions cater to industrial, commercial, and institutional projects, ensuring high durability, cost efficiency, and reduced construction time.
The Company is recognized as one of the largest manufacturer of EPS (Expanded Polystyrene) packaging in India. Its products serve a wide range of industries, including consumer electronics, appliances, and cold storage. The EPS products are manufactured with a high degree of precision, ensuring quality and compliance with industry standards. The company provides a variety of EPS Shape Molded and EPS Block Molded products, including EPS Sheets, packaging boxes for electronic goods, and hand-molded packaging box.
Manufactures and supplies pre-engineered steel buildings, discontinuous and continuous sandwich insulated panels, Hi-Rib single skin sheets/deck sheets, and other ancillary accessories for construction applications
Manufactures and sells expanded polystyrene (EPS) packaging products for industrial and commercial applications
SWOT Analysis
Strengths
- • Growing revenue with 31.4% CAGR from FY2023-FY2025(p.82)
- • Strong capacity utilization in core Pre-Fab products (91% for builtup at Unit 2, 84.9% for Sandwich panels)(p.58)
- • Dominant revenue share from Pre-Fab Business (84.07% of total revenue)(p.58)
- • Established manufacturing capacity and facilities across multiple regions(p.156)
- • Diversified product portfolio across sandwich panels and pre-engineered steel buildings(p.146)
- • Strong order book and growing demand in key markets(p.158)
- • Strong market presence in growing pre-engineered steel buildings industry(p.178)
- • Strategic manufacturing locations with in-house design and engineering capabilities(p.178)
- • Long-standing customer relationships across diverse industries(p.178)
- • Strong financial performance with robust order book(p.178)
- • Experienced promoters and management with domain expertise(p.178)
- • Significant installed capacity expansion(p.181)
- • Strong revenue growth trajectory(p.181)
- • Healthy profitability metrics(p.181)
- • Fastest revenue growth among peers with CAGR of 41.79% (FY22-24) and Pre-Fab Business CAGR of 55.48%(p.276)
- • Third largest production capacity in PEB industry with 133,922 MTPA and comprehensive product portfolio(p.282)
- • Diversified product offerings across PEB, Sandwich Insulated Panels, LGSF, metal doors and aluminium windows(p.282)
- • Strong financial performance with PAT of ₹593.22 million (FY25) and improving margins (PAT margin 5.20%)(p.285)
- • Strategically located manufacturing facilities across India reducing transportation costs and enabling quick response to customer demands(p.282)
- • Strong order book of ₹9,169.63 million pending for Pre-Fab Business demonstrating market confidence(p.287)
- • In-house design and engineering capabilities with 97 team members across 3 design centres(p.283)
- • Long-standing customer relationships with 2,020+ customers and 43.37% revenue from repeat orders (FY25)(p.285)
- • Diversified geographic footprint with four manufacturing units across multiple states(p.303)
- • Significant installed capacity in pre-engineered steel buildings and sandwich panels(p.307)
- • Strong quality certifications and compliance standards(p.317)
- • Established brand reputation and customer base with 2,000+ customers(p.314)
- • Long-standing customer relationships generating repeat orders(p.315)
- • Advanced manufacturing processes and technology infrastructure(p.317)
- • Established prefab building and EPS manufacturing operations with revenue diversification(p.416)
- • Strong revenue growth trajectory across three fiscal years(p.416)
- • Profitable operations with improving net profit margins(p.387)
- • Diversified asset base including land, buildings, and manufacturing equipment(p.385)
- • Access to multiple banking relationships and credit facilities totaling several billion rupees(p.406)
- • Established market position in EPS packaging with significant production capacity(p.435)
- • Strong revenue growth trajectory across both business segments(p.482)
- • Diversified business model across two complementary segments(p.435)
- • Growing order book demonstrating future revenue visibility(p.461)
- • Quality certifications and industry recognition(p.459)
- • Investor nominee director board seat with reserved matters veto rights(p.588)
- • Strong ESG and environmental management framework with third-party oversight(p.603)
- • Anti-corruption and compliance governance with ABC Framework implementation(p.600)
- • Directors and officers liability insurance coverage at scale(p.589)
Weaknesses
- • Subsidiary EPack Prefab Solutions has persistent negative net worth (₹7.07 million in FY2025)(p.54)
- • High employee attrition rate increasing to 54.37% in FY2025(p.84)
- • Significant contingent liabilities of ₹1,430.65 million primarily from corporate guarantees(p.52)
- • Heavy dependence on single supplier (EPack Petrochem Solutions) for EPS beads in EPS Packaging Business(p.69)
- • Certain Group Companies incurred significant losses (East India Technologies: ₹67.66 million loss in FY2024)(p.69)
- • Audit qualifications: subsidiary with negative net worth prepared on going concern basis(p.54)
- • Significant historical non-compliance and corporate governance issues(p.117)
- • High leverage with substantial outstanding borrowings(p.169)
- • Project funding not independently appraised by financial institutions(p.148)
- • Capacity utilization challenges at existing facilities(p.147)
- • Funding requirements not appraised by independent agency, based on management estimates(p.177)
- • Limited financial history with relatively younger company operations(p.176)
- • Increasing working capital requirements(p.181)
- • Dependence on limited steel suppliers giving them significant negotiating power over pricing(p.248)
- • Steel material susceptible to corrosion if not properly maintained and poor thermal comfort due to steel's heat conductivity(p.241)
- • Limited suppliers of high-grade steel making industry susceptible to supply chain disruptions(p.241)
- • Medium capital requirements enabling easy market entry leading to fragmentation and intense price competition(p.249)
- • High supplier concentration in EPS Packaging Business raw materials(p.313)
- • Customer concentration in EPS Packaging Business with 70.97% from top 10 customers(p.315)
- • Reduced capacity utilization at Unit 4 despite significant capacity expansion(p.305)
- • Dependency on leveraging debt and internal accruals for capacity expansion(p.308)
- • Personal guarantees issued by promoters for multiple bank facilities(p.341)
- • High financial leverage with total debt exceeding equity(p.385)
- • Significant working capital requirements evidenced by high current liabilities(p.385)
- • Dependence on multiple secured borrowing facilities with personal guarantees from directors(p.407)
- • Interest expense burden growing with increased debt levels(p.417)
- • Significant capital work in progress indicating ongoing expansion risk(p.394)
- • Subsidiary company with negative net worth requiring parent support(p.453)
- • Significant increase in employee benefit expenses impacting profitability(p.482)
- • Rising finance costs from increased borrowings(p.482)
- • Dependence on third-party erectors for project execution(p.56)
- • Multiple pending regulatory disputes across income tax, customs, and GST(p.424)
- • Subsidiary with negative net worth requiring ongoing parent support(p.488)
- • Concentration of accounts receivables in EPS Packaging Business(p.488)
- • Customer and supplier concentration in EPS Packaging Business(p.490)
- • Monetary assets exceed 50% of net tangible assets threshold(p.508)
- • Operational restriction from requirement to maintain managing director continuity(p.612)
- • Restricted promoter liquidity and transfer rights limiting exit flexibility(p.593)
- • Dependence on achieving IPO within fixed timeline or triggering forced secondary sale(p.598)
- • Stringent ESG compliance requirements with potential business impact penalties(p.603)
Opportunities
- • Geographic expansion into new regions with new Ghiloth facility and Mambattu expansion(p.58)
- • Setting up continuous Sandwich Insulated Panel manufacturing to meet tender qualification requirements(p.71)
- • Growing infrastructure and industrial development in India supporting Pre-Fab Business demand(p.81)
- • Increasing adoption of pre-fabricated buildings in organized sector(p.58)
- • Expanding sandwich insulated panel market with strong projected growth(p.147)
- • Geographic expansion into high-growth southern and western regions(p.158)
- • Continuous production technology to address market gaps(p.147)
- • Government policy support and favorable market drivers(p.147)
- • Export market opportunity through proximity to eastern ports(p.158)
- • Government infrastructure initiatives driving construction demand(p.214)
- • Indian prefabricated market projected to grow 9-11% CAGR until FY30(p.222)
- • Pre-engineered steel buildings market growth of 9.5-10.5% CAGR through FY30(p.238)
- • Rising urbanization and infrastructure investment in India(p.223)
- • Increasing demand from logistics, warehousing and e-commerce sectors(p.224)
- • Hub-and-spoke model adoption creating large PEB warehouse opportunities(p.213)
- • PEB industry growth expected at CAGR of 9.5-10.5% (FY25-30) to reach ₹330-345 billion(p.289)
- • Infrastructure sector share expected to increase from 37-39% (FY25) to 39-41% (FY30) driven by warehouses, cold storage and data centres(p.289)
- • Low penetration of PEB at 0-1% in building sector (FY25) presenting substantial growth potential(p.244)
- • Government initiatives like PMAY-U Lighthouse projects and PLI scheme for specialty steel supporting industry growth(p.241)
- • Growing e-commerce driving warehouse and cold storage demand leading to PEB adoption(p.242)
- • Data centre industry growth at ~20% CAGR (FY19-24) creating demand for PEB structures(p.246)
- • Industrial capex expected to increase from ₹4.3 trillion (FY21-25) to ₹7.1 trillion (FY30) boosting PEB demand(p.245)
- • Global PEB market growth at CAGR of 9-10% (CY2024-2029) with proximity to ports enabling export opportunities(p.288)
- • Renewable energy capacity expected to reach 360 GW+ by FY30 requiring substantial infrastructure capex(p.246)
- • Planned brownfield expansion creating 800,000 SQM sandwich insulated panel capacity in south India(p.308)
- • New facility in Rajasthan to capture northern and western Indian markets(p.308)
- • Expansion of pre-engineered steel building capacity at Andhra Pradesh facility(p.308)
- • Pre-engineered steel buildings offer 40-50% faster construction compared to RCC(p.311)
- • Growing demand for energy-efficient and sustainable building solutions(p.311)
- • Sandwich insulated panels applicable across multiple industries requiring temperature control(p.312)
- • Strategic expansion into international markets(p.316)
- • Expansion of prefab building business with planned manufacturing facilities(p.394)
- • Geographic expansion with operational presence in Andhra Pradesh and Uttar Pradesh(p.396)
- • Growth in EPS (Expanded Polystyrene) beads manufacturing with consistent revenue contribution(p.416)
- • Employee incentivization through ESOP scheme to support long-term growth(p.367)
- • Expansion of pre-engineered building segment with strong industry growth(p.435)
- • Environmental sustainability advantage with lower carbon emissions(p.460)
- • Growing adoption of pre-engineered buildings as alternative to traditional RCC construction(p.462)
- • Expansion of manufacturing capacity and new facility locations(p.459)
- • Expansion into continuous Sandwich Insulated Panel manufacturing(p.490)
- • New manufacturing facility operational at Mambattu(p.490)
- • Growing demand for pre-engineered steel buildings driving Pre-Fab Business growth(p.483)
- • Exit pathway through successful IPO with investor exit rights(p.597)
- • Secondary sale option if IPO does not materialize within deadline(p.598)
- • Climate risk management framework enabling net-zero development alignment(p.605)
- • Gender inclusivity targets aligned with 2X Challenge framework for competitive positioning(p.637)
- • Supply chain ESG risk management systems enabling investor-mandated supplier due diligence(p.601)
Threats
- • Geographic concentration with 64.83% of Pre-Fab revenue from North & Central (32.88%) and West (31.95%) regions(p.53)
- • Significant volatility in raw material prices affecting profitability(p.82)
- • High dependence on third-party erectors with 1,445 external parties; risk of building collapse from contractor failure(p.60)
- • Monsoon seasonality impacting operations and revenues(p.81)
- • Cyclical nature of Pre-Fab Business exposed to capital expenditure downturn(p.81)
- • GRAP restrictions in NCR requiring alternate energy sources and imposing additional costs(p.65)
- • Risk of policy changes banning EPS single-use packaging materials(p.81)
- • Dominance of RCC structures and limited adoption of pre-fabricated buildings limiting market growth(p.82)
- • Intense competition from unorganized sector competing on price with substandard materials(p.80)
- • Total indebtedness of ₹5,730.97 million with promoter personal guarantees on certain loans(p.61)
- • Construction industry cyclicality and demand volatility(p.111)
- • Foreign exchange and interest rate fluctuations affecting imported equipment costs(p.155)
- • Regulatory and environmental compliance requirements(p.156)
- • Price volatility and availability of raw materials and freight costs(p.155)
- • Construction industry exposure to price volatility of key raw materials(p.218)
- • Highly fragmented and competitive pre-engineered steel buildings industry(p.218)
- • Payment delays and extended working capital cycles from government projects(p.218)
- • Limited market awareness and consumer preference for traditional construction(p.224)
- • Supply chain vulnerabilities and limited reliable raw material suppliers(p.225)
- • Project delay and cost overrun risks from regulatory and government dependencies(p.218)
- • Traditional RCC construction dominates with 95-97% market share posing strong competition(p.242)
- • Global geopolitical uncertainties adversely affecting steel prices, the prominent raw material of PEB(p.242)
- • High presence of unorganized segment with price competition and lack of differentiation(p.241)
- • Shortage of skilled labour including fabricators and designers creating operational inefficiencies(p.242)
- • Limited awareness and misconceptions about PEB limiting growth potential(p.242)
- • Design limitations from standardization reducing freedom for unique or unconventional designs(p.242)
- • Organized sector competition intensifying as market share shifts from unorganized players (42-47% to 47-52% by FY30)(p.240)
- • Intense competition from fragmented industry with low capital entry barriers(p.323)
- • Quality compromise by unorganized sector competitors impacting market security(p.323)
- • Competition from alternative materials in EPS packaging market(p.323)
- • Larger competitors with greater financial and geographic reach(p.323)
- • Insurance policies may not cover all business losses(p.319)
- • Exposure to interest rate fluctuations on floating rate borrowings(p.407)
- • Competitive pressure from other prefab building and EPS manufacturers(p.373)
- • Dependence on construction industry cycles and project-based revenue(p.416)
- • Raw material cost volatility and supply chain dependencies(p.417)
- • Restrictive covenants under loan agreements limiting operational flexibility(p.383)
- • Volatility in raw material costs, particularly steel prices(p.461)
- • Intense competition from larger, better-resourced competitors(p.462)
- • Lack of long-term supplier agreements for critical raw materials(p.461)
- • Reliance on working capital-intensive business model(p.462)
- • Risk of order cancellations and project execution delays(p.461)
- • Seasonality impacts revenue, particularly during monsoon months(p.490)
- • Commodity price risk exposure from raw material cost volatility(p.488)
- • Foreign currency exchange rate risk from international transactions(p.488)
- • Risk of failure to develop and manufacture new products as per market demand(p.490)
- • Mandatory exit requirements if ESG breaches result in facility closure exceeding 30 days(p.603)
- • Regulatory risk from environmental and social law compliance requirements(p.603)
- • Restrictions on business activities classified as Category A or on exclusion list(p.605)
- • Sanctions and FATF compliance risk with forced exit if non-compliant persons identified(p.601)
- • Supply chain forced labor and child labor detection risk triggering compliance action(p.601)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sanjay Singhania | Promoter | 8.58% | — |
| Ajay DD Singhania | Promoter | 8.78% | — |
| Bajrang Bothra | Promoter | 7.38% | — |
| Laxmi Pat Bothra | Promoter | 8.62% | — |
| Nikhil Bothra | Promoter | 3.17% | — |
| Divisha Singhania | Promoter Group | 2.05% | — |
| Preity Singhania | Promoter Group | 8.02% | — |
| Drishikka Singhania | Promoter Group | 2.03% | — |
| Suman Bothra | Promoter Group | 5.97% | — |
| Nitin Bothra | Promoter Group | 4.20% | — |
| Leela Devi Bothra | Promoter Group | 5.80% | — |
| Rajjat Bothra | Promoter Group | 8.78% | — |
| Avishi Singhania | Promoter Group | 1.46% | — |
| Pinky Ajay Singhania | Promoter Group | 8.80% | — |
| Arshia Singhania | Promoter Group | 1.46% | — |
| Araanya Singhania | Promoter Group | 1.46% | — |
| Bajrang Bothra | Promoter/Promoter Group | — | — |
| Laxmi Pat Bothra | Promoter/Promoter Group | — | — |
| Sanjay Singhania | Promoter/Promoter Group | — | — |
| Ajay DD Singhania | Promoter/Promoter Group | — | — |
| Sanjay Singhania | Promoter | 8.58% | — |
| Ajay DD Singhania | Promoter | 8.78% | — |
| Bajrang Bothra | Promoter | 7.38% | — |
| Laxmi Pat Bothra | Promoter | 8.62% | — |
| Nikhil Bothra | Promoter | 3.17% | — |
| Sanjay Singhania | Selling Shareholder | — | — |
| Ajay DD Singhania | Selling Shareholder | — | — |
| Bajrang Bothra | Selling Shareholder | — | — |
| Laxmi Pat Bothra | Selling Shareholder | — | — |
| Nikhil Bothra | Selling Shareholder | — | — |
| Sanjay Singhania | Promoter | — | — |
| Ajay DD Singhania | Promoter | — | — |
| Bajrang Bothra | Promoter | — | — |
| Laxmi Pat Bothra | Promoter | — | — |
| Nikhil Bothra | Promoter | — | — |
| Sanjay Singhania | Promoter | — | — |
| Ajay DD Singhania | Promoter | — | — |
| Bajrang Bothra | Promoter | — | — |
| Laxmi Pat Bothra | Promoter Group | — | — |
| Nikhil Bothra | Promoter Group | — | — |
| Sanjay Singhania | Promoter | 9.99% | — |
| Ajay DD Singhania | Promoter | 9.99% | — |
| Bajrang Bothra | Promoter | 8.40% | — |
| Laxmi Pat Bothra | Promoter | 9.04% | — |
| Nikhil Bothra | Promoter | 1.16% | — |
| Mr. Sanjay Singhania | Promoter | — | — |
| Mr. Ajay Singhania | Promoter | — | — |
| Mr. Bajrang Bothra | Promoter | — | — |
| Mr. Nikhil Bothra | Promoter | — | — |
| Sanjay Singhania | Promoter | — | — |
| Ajay DD Singhania | Promoter | — | — |
| Sanjay Singhania | Promoter | — | — |
| Ajay DD Singhania | Promoter | — | — |
| Nikhil Bothra | Promoter | — | — |
| Laxmi Pat Bothra | Promoter | — | — |
| Bajrang Bothra | Promoter | — | — |
Leadership
Sanjay Singhania · Managing Director
Bajrang Bothra · Chairman
Rahul Agarwal · CFO
Nikita Singh · Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.