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Eppeltone Engineers IPO
Price Band
₹125.0–128.0
Issue Size
₹43.96 Cr
Lot Size
1,000 shares
Min Investment
₹128,000
GMP
+₹105.0 (82.03%)
Issue Price
₹128.0
Subject to Sauda
₹79800
Paid only if allotted
Eppeltone Engineers IPO AI Summary
- Eppeltone Engineers IPO is listed on NSE SME in the Other Electrical Equipment sector.
- Price band: ₹125.0–₹128.0 per share, lot size 1,000 shares (min. investment ₹128,000).
- Subscription window: 17 Jun–19 Jun 2025, listing on 24 Jun 2025.
- Current GMP is +₹105.0 (82.03%), an estimated listing price of ₹233 — unofficial and can change daily.
Eppeltone Engineers Limited is set to raise ₹43.96 Cr through its IPO, with a price band of ₹125.0 to ₹128.0. The company has demonstrated significant growth in revenue and profit over the past few years, supported by a strong market presence and diverse product offerings.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Eppeltone Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 19 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Eppeltone Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹105.0
GMP %
+82.03%
Est. Listing
₹233.0
Updated: 25 Jul 2026 14:14
About the Company
Founded in 1977, Eppeltone Engineers Limited specializes in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices like UPS systems and high-grade chargers known for its diverse portfolio of products, including AVR, MCBs, and transducers, initially specializing in Switch Mode Power Supplies (SMPS) for computers and other electronic devices, they have significantly expanded their product range to cater to both industrial and consumer needs, with a focus on energy management solutions. The company is a certified organization engaged in designing and supplying static watt hour meters, smart meters, water meters, BPL kits, UPS systems, LED luminaries, battery management systems, chargers, packs, software development, 4.5KW regulated emergency chargers, short neutral section assemblies, lightweight insulator assemblies, modular cantilever systems, and auto tensioning devices. The Company operates in the B2B segment, primarily providing products and services to Government Entities, which make up most of our transactions. The company also supply products to private sector companies, serving Non-Government and Government entities across various industries. Eppeltone's diverse product range caters to various sectors, including electricity utilities, industries, commercial establishments, and domestic consumers. The company’s primary manufacturing facility is a 36,000 sq. ft. plant in Greater Noida, Uttar Pradesh which serves as the central hub for production and innovation. Eppeltone Engineers has supporting units in Noida and Okhla, New Delhi. These units complement the primary facility by handling specialized production processes, quality control, and research and development (R&D) activities. As on March 31, 2024, the company had 59 permanent employees. Competitive Strength Advanced Manufacturing & R&D Capabilities. Strong Focus on Quality & Certifications. Diverse & Innovative Product Portfolio. Strong Market Presence & Customer Base. Commitment to Sustainability & Energy Efficiency. Experienced Leadership & Skilled Workforce.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 123.80 | 69.83 | 43.73 |
| Total Income | 125.74 | 80.04 | 72.99 |
| Profit After Tax | 11.23 | 8.16 | 1.09 |
| EBITDA | 17.78 | 13.07 | 2.91 |
| NET Worth | 40.00 | 20.40 | 11.49 |
| Reserves and Surplus | 30.48 | 16.16 | 7.50 |
| Total Borrowing | 30.54 | 16.31 | 12.68 |
Key Ratios
EPS
₹11.79
NAV
₹48.79
ROE
41%
ROCE
43%
RoNW
40.79%
P/B Value
2.62
P/E Ratio
10.86
Market Cap
₹165.88 Cr
PAT Margin
10.75%
Debt/Equity
0.79
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Genus Power Infrastructures Ltd. | 35.49 | 5.6% | 114.67 | 3.61 | 3.59 |
| Rishabh Instruments Ltd | 146.32 | 11% | 34.97 | 10.71 | 10.61 |
| Akanksha Power And Infrastructure Limited | 24.35 | 5.9% | 79.2 | 1.82 | 1.82 |
| Eppeltone Engineers Limited This IPO | 48.14 | 40% | — | 8.57 | 8.57 |
Promoters
Rohit Chowdhary, Deven Chowdhary and Reshu Chowdhary
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements of the Company 30.00 2 Funding Capital Expenditure towards installation of additional machinery at the factory 5.00 3 General Corporate Purposes 4.36 4 Issue Expenses 4.59 Total 43.96
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹72.99 Cr in 31 Mar 2023, rising to ₹80.04 Cr by 31 Mar 2024, and further increasing to ₹125.74 Cr by 31 Mar 2025. This shows a significant growth trend in revenue over the periods.
Profit Trend
Profit After Tax was ₹1.09 Cr in 31 Mar 2023, increasing to ₹8.16 Cr by 31 Mar 2024, and further growing to ₹11.23 Cr by 31 Mar 2025. This indicates a strong upward trend in profitability across the reported periods.
Valuation
Eppeltone Engineers Limited has an implied P/E ratio of 10.86 at the issue price, compared to peers trading at P/E ratios ranging from 34.97 to 114.67.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which the stock may list compared to its issue price. A positive GMP suggests strong demand for the shares in the grey market, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 17 June 2025, closing on 19 June 2025, with allotment on 20 June 2025 and listing on 24 June 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable, influenced by market conditions, investor sentiment, and overall demand for the shares. Investors should be cautious, as there is no guarantee of listing gains.
This evaluation is generated from Eppeltone Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Eppeltone Engineers IPO GMP today?
Eppeltone Engineers IPO GMP today is +₹105.0 (82.03%), indicating an estimated listing price of ₹233. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Eppeltone Engineers IPO?
The price band of Eppeltone Engineers IPO is ₹125.0–₹128.0 per share.
When does Eppeltone Engineers IPO open and close?
Eppeltone Engineers IPO opens on 17 June 2025 and closes on 19 June 2025.
When does Eppeltone Engineers IPO list on the stock exchange?
Eppeltone Engineers IPO listed on 24 June 2025 at ₹233.0.
What is the lot size for Eppeltone Engineers IPO?
The lot size for Eppeltone Engineers IPO is 1000 shares, requiring a minimum investment of ₹128,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹128,000.
What is the price band for the IPO?
The price band for the IPO is ₹125.0 to ₹128.0.
When is the listing date?
The listing date is 24 June 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list over its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Jun 2025
Close
19 Jun 2025
Allotment
20 Jun 2025
Listing
24 Jun 2025
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