The Eppeltone Engineers IPO is scheduled to open on June 17, 2025, and will close on June 19, 2025. Investors can apply during these three days. The IPO allotment is expected on June 20, 2025, and refunds for unallotted shares will begin from June 23, 2025. On the same day, shares will be credited to the Demat accounts. The Eppeltone Engineers IPO listing date is June 24, 2025, on the NSE SME platform. The cut-off time to confirm your UPI mandate is 5 PM on June 19, 2025.
This IPO is a Book Build Issue type. The company plans to raise ₹43.96 crores through this IPO. The entire issue is a fresh issue of 34.34 lakh equity shares, each having a face value of ₹10. There is no offer for sale portion. The price band for the IPO is set between ₹125 to ₹128 per share. The retail investor quota is 35%, QIBs get 50%, and HNIs have 15% reserved.
Talking about financials, the company is showing strong growth. In FY2024, Eppeltone Engineers reported a revenue of ₹80.04 crores, up from ₹72.99 crores in FY2023. The net profit also increased significantly from ₹1.09 crores in 2023 to ₹8.43 crores in 2024. This sharp jump in profit suggests that the business is growing well and becoming more profitable. So, based on the performance, long-term investment in this IPO looks promising.
The minimum lot size for retail investors is 1,000 shares, which means you need to invest at least ₹1,25,000. However, to avoid missing out due to oversubscription, it is better to apply at the cutoff price, i.e., ₹128 per share, which totals ₹1,28,000. For HNI investors, the minimum application is for 2 lots (2,000 shares) amounting to ₹2,56,000.
About Eppeltone Engineers IPO
Eppeltone Engineers Limited is a trusted name in the manufacturing of electronic energy meters, including smart meters, and various power conditioning devices like UPS systems, high-grade chargers, and more. Established in 1977, the company mainly works with government departments, which form the majority of its business, but also supplies its products to private companies across different sectors.
Eppeltone specializes in designing and supplying a wide range of products such as static watt-hour meters, smart meters, water meters, BPL kits, UPS systems, LED luminaires, battery management systems, chargers, and software solutions. Initially known for making Switch Mode Power Supplies (SMPS), the company has now expanded its offerings to meet both industrial and domestic energy needs. Eppeltone follows a customer-first approach by gathering data, analyzing needs, and creating customized solutions for each client.
The company runs its main 36,000 sq. ft. manufacturing unit in Greater Noida, Uttar Pradesh, supported by additional units in Noida and Okhla (New Delhi) for R&D, quality control, and specialized production. With a strong focus on quality, sustainability, and energy efficiency, Eppeltone has built a good reputation in the market. As of March 31, 2024, the company has 59 permanent employees, and its experienced leadership along with advanced manufacturing capabilities help it serve a diverse customer base including electricity boards, industries, commercial units, and homes across India.
Eppeltone Engineers IPO Overview
| IPO Name | Eppeltone Engineers Limited IPO |
| Exchange to List On | NSE SME Platform |
| Face Value Per Share | ₹10 |
| Offer for Sale | NIL |
| Lot Size | 1,000 Equity Shares |
| Minimum Investment (Retail) | ₹1,25,000 to ₹1,28,000 |
| Type of Issue | Book Building Public Issue |
| Total Offer Size | 34,34,000 Equity Shares |
| Issue Amount (Estimated) | ₹43.96 Crores |
| Fresh Shares Issued | 34,34,000 Equity Shares |
| Market Maker Reservation | 1,72,000 Shares |
| Tentative Listing Date | June 24, 2025 |
| Retail Investor Reservation | Up to 35% of the Net Offer |
| QIB Allocation | Up to 50% of the Net Offer |
| NII (HNI) Allocation | Up to 15% of the Net Offer |
| Total Shares Before IPO | 95,25,312 Equity Shares |
| Total Shares After IPO | 1,29,59,312 Equity Shares |
Eppeltone Engineers IPO Dates
| Event | Date (Day) |
| IPO Open Date | June 17, 2025 (Tuesday) |
| IPO Close Date | June 19, 2025 (Thursday) |
| Basis of Allotment | June 20, 2025 (Friday) |
| Refunds Initiation | June 23, 2025 (Monday) |
| Credit to Demat Account | June 23, 2025 (Monday) |
| IPO Listing Date | June 24, 2025 (Tuesday) |
Eppeltone Engineers IPO GMP
The grey market premium (GMP) of Eppeltone Engineers IPO shows how much demand is there for the shares before listing. GMP gives an idea of how the IPO might perform on the listing day. Please note that GMP keeps changing daily based on market mood and demand. Investors should not fully depend on GMP and should check company fundamentals before investing.
Eppeltone Engineers IPO Lot Size
Investors can apply for a minimum of 1 lot (1,000 shares) and in multiples thereafter. Below is the table showing the minimum and maximum investment for Retail and HNI categories:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹1,28,000 |
| Retail (Max) | 1 | 1,000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
Objects of the Issue
- Working Capital Requirements of the Company
- Funding Capital Expenditure towards installation of additional machinery at the factory
- General Corporate Purposes
- Issue Expenses
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Akanksha Power and Infrastructure Limited | 1.82 | 79.20 | 5.90% | 24.35 | 53.26 Cr. |
| Rishabh Instruments Limited | 10.71 | 34.97 | 11.00% | 146.32 | 689.75 Cr. |
| Genus Power Infrastructures Ltd | 3.61 | 114.67 | 5.60% | 35.49 | 1200.58 Cr. |
Eppeltone Engineers IPO Financial Performance
Eppeltone Engineers has shown strong financial growth over the past three years. From FY2023 to FY2025, the company’s revenue grew by over 72%, and net profit jumped significantly, indicating improved business performance and stronger margins.
| Financial Year Ending | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) | Assets (₹ Cr) | Reserves (₹ Cr) | Total Borrowings (₹ Cr) |
| March 31, 2025 | 125.74 | 11.23 | 40.00 | 123.80 | 30.48 | 30.54 |
| March 31, 2024 | 80.04 | 8.16 | 20.40 | 69.83 | 16.16 | 16.31 |
| March 31, 2023 | 72.99 | 1.09 | 11.49 | 43.73 | 7.50 | 12.68 |
Eppeltone Engineers IPO Review
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Eppeltone Engineers IPO Promoter Holding
The promoters of Eppeltone Engineers Limited are Rohit Chowdhary, Deven Chowdhary, and Reshu Chowdhary. They have been actively involved in the management and growth of the company.
| Particulars | Shareholding (%) |
| Pre-Issue Holding | 83.69% |
| Post-Issue Holding | [To be updated] |
Eppeltone Engineers IPO Valuation – FY2024
Here is the key valuation data for Eppeltone Engineers Limited based on its FY2024 financials. It includes important metrics such as EPS, RoNW, NAV, and debt-equity ratio which help investors assess the company’s financial health and valuation:
| Key Performance Indicator (KPI) | Value |
| Earnings Per Share (EPS) (Basic) | ₹10.58 |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 40.79% |
| Net Asset Value (NAV) | ₹48.79 |
| Debt to Equity Ratio | 0.37 |
| Return on Equity (ROE) | – |
| Return on Capital Employed (ROCE) | – |
| EBITDA Margin | – |
| PAT Margin | – |
📄 IPO Registrar – Skyline Financial Services Pvt. Ltd.
📞 Phone: 022-28511022
📧 Email: [email protected]
🌐 Website: https://www.skylinerta.com/ipo.php
🏢 IPO Lead Manager (Merchant Banker)
Expert Global Consultants Private Limited
🏭 Company Address – Eppeltone Engineers Limited
📍 Address: A-57, Defence Colony, New Delhi, Delhi
📞 Phone: +91-9811050241
📧 Email: [email protected]
🌐 Website: https://eppeltone.in
Eppeltone Engineers IPO FAQs
❓ What are the Eppeltone Engineers IPO open and close dates?
The Eppeltone Engineers IPO will open on June 17, 2025 (Tuesday) and close on June 19, 2025 (Thursday).
💰 What is the price band and lot size of Eppeltone Engineers IPO?
The price band is set between ₹125 to ₹128 per share, and the minimum lot size is 1,000 shares, requiring an investment of around ₹1,28,000 for retail investors.
📊 On which stock exchange will Eppeltone Engineers IPO be listed?
The IPO will be listed on the NSE SME platform on June 24, 2025 (Tuesday), as per the tentative schedule.
📈 How were the financials of the company in FY2024?
In FY2024, the company reported a revenue of ₹80.04 crores and a net profit of ₹8.16 crores, showing significant growth over the previous year.
🧾 Who is the registrar and lead manager for the Eppeltone Engineers IPO?
The registrar is Skyline Financial Services Pvt. Ltd., and the lead manager is Expert Global Consultants Private Limited.
