Eppeltone Engineers IPO Booked Over 8x Times, GMP Up Over 50%; Check Details

Eppeltone Engineers Ltd. launched its initial public offering (IPO) to raise nearly Rs 44 crore from the primary market. The NSE SME IPO, comprising entirely a fresh issue of 34.34 lakh shares, opened for bidding on June 17.

Established in 1977, the company produces electronic energy meters, smart meters, and power conditioning equipment like chargers and UPS systems. Investors who want to bid for shares in Eppeltone Engineers IPO subscription must check the following details before deciding to invest.

Eppeltone Engineers Ltd. aims to raise Rs 43.96 crore from the primary market through its IPO. The price band for the IPO has been set at Rs 125 to Rs 128 per share. 

Retail investors can participate in the IPO subscription by applying for at least 1,000 shares, requiring a minimum investment of Rs 1,25,000. High Networth Individuals (HNIs) can bid for at least two lots, amounting to an investment of Rs 2,56,000.

Eppeltone Engineers IPO has reserved up to 50% of the net issue for Qualified Institutional Buyers (QIBs), at least 35% for retail investors, and a minimum of 15% for Non-Institutional Investors (NIIs), including High Net-Worth Individuals (HNIs).

Expert Global Consultants Pvt. is serving as the book-running lead manager for the Eppeltone Engineers IPO. Skyline Financial Services Pvt. has been appointed as the registrar, while Prabhat Financial Services Ltd. will act as the market maker for the issue.

The IPO was subscribed 8.28 times on Tuesday

• Qualified Institutions: 1.20 times

• Non-Institutional Buyers: 6.58 times

• Retail Investors: 13.05 times

According to Investorgain, the latest GMP for Eppeltone Engineers IPO stood at Rs 65 on June 17. The GMP indicates an estimated listing price of Rs 193 per share, compared to the upper band of the issue price of Rs 128 apiece. Shares of Eppeltone Engineers are expected to be listed on the NSE SME platform at a premium of 50.78%, as per the GMP.

Note: GMP does not represent official data and is based on speculation.

The Eppeltone Engineers IPO subscription will end on June 19. The share allotment for Eppeltone Engineers IPO is likely to be finalised on Friday, June 20. The company will initiate refunds and transfer of shares to the Demat accounts on June 23.

The IPO listing date has been tentatively fixed as June 24. Shares of Eppeltone Engineers Ltd. are scheduled to be listed on the NSE SME platform, Emerge, on June 24.

Eppeltone Engineers plans to use Rs 30 crore (68.24%) from the IPO proceeds to meet working capital needs. Additionally, about Rs 5 crore (11.37%) will be allocated for capital expenditure. The remaining porting of the IPO funds will be utilised for other business needs.

Financials

Eppeltone Engineers Ltd. posted a 57% year-on-year jump in revenue at Rs 125.74 crore in FY25 from Rs 80.04 crore in FY24. Profit after tax (PAT) also grew by 38%, reaching Rs 11.23 crore in the financial year ending March 2025, compared to Rs 8.16 crore in the previous year.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.