SME · NSESubscribed: 1.32×
EPW India IPO

EPW India IPO

EPW India IPO

Overview

EPW India IPO is a book build issue of ₹31.81 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹31.81 crore. EPW India IPO opens for subscription on Dec 22, 2025 and closes on Dec 24, 2025. The allotment for the EPW India IPO is expected to be finalized on Dec 26, 2025. EPW India IPO will list on NSE SME with a tentative listing date fixed as Dec 30, 2025. EPW India IPO price band is set at ₹95.00 to ₹97.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,32,800.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), amounting to ₹3,49,200.

Total Shares

32,79,600

Issue Size

₹31.81 Cr

Price Band

95 – ₹97

Lot Size

1200 shares

Min. Investment

2,32,800

Max. Investment

2,32,800

Open Date

22 Dec, 2025

Close Date

24 Dec, 2025

Allotment

26 Dec, 2025

Listing

30 Dec, 2025

Announced

22 Dec, 2025

Opening Date

22 Dec, 2025

Closing Date

24 Dec, 2025

Basis of Allotment

26 Dec, 2025

Initiation of Refunds

29 Dec, 2025

Credit of Shares

29 Dec, 2025

Listing Date

30 Dec, 2025

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About EPW India IPO

EPW India is an IT electronics refurbishing company providing affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories through both B2B and direct-to-consumer channels. The company procure laptops, desktops, Chromebook, and peripherals, refurbishing them to new condition, and reselling them directly to end use customers.

With a 4,500 sq. ft. in-house refurbishment facility and a skilled team of 32 technicians, it ensures every product goes through a 15–20 day pro

EPW India IPO Share Price

Issue Breakdown

Total Issue32,79,600 shares₹31.81 Cr
Fresh Issue0 shares
Offer for Sale0 shares

Shareholding

Pre-Issue82,00,000
Post-Issue1,14,79,600

Dilution: 40.0% increase in shares

EPW India IPO Financial Health

EPW India Ltd.'s revenue increased by 188% and profit after tax (PAT) rose by 485% between the financial year ending with March 31, 2025 and March 31, 2024.

EPW India IPO Lot Size

Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Individual investors (Retail) (Min)224002,32,800
Individual investors (Retail) (Max)224002,32,800
S-HNI (Min)336003,49,200
S-HNI (Max)896009,31,200
B-HNI (Min)91080010,47,600

(All values in CR)

EPW India IPO Valuations

KPI as of Mon, Mar 31, 2025.

MetricValue
ROE139.17
ROCE35.03
Debt/Equity2.32
RoNW82.06
PAT Margin8.13
EBITDA Margin11.64
Price to Book Value15.06

(All values in CR)

EPW India IPO Strength & Risk

+Strengths

EPW India IPO Strength:

  • Operates in the refurbished electronics segment, which benefits from rising demand for affordable technology solutions

  • Demonstrated strong improvement in revenue and profitability in recent periods, indicating business scalability

  • Focused end-to-end refurbishment model enhances quality control and operational efficiency

  • Presence across both online and offline sales channels supports wider customer reach

  • Caters to both business and retail customers, reducing dependence on a single client segment

  • Warranty support on products helps build customer trust and repeat demand

  • Listing on the SME platform improves visibility and access to capital markets

!Risks

EPW India IPO Risk:

  • Heavy dependence on a limited number of suppliers may impact operations if supply disruptions occur

  • Business performance can be affected by seasonal demand fluctuations

  • Regulatory changes related to import and handling of used electronics may increase compliance costs

  • Lack of a fully established e-waste management system could pose environmental and regulatory challenges

  • Revenue concentration in specific regions increases exposure to local market risks

  • Past negative operating cash flows may put pressure on working capital requirements

  • Limited operating history makes long-term business sustainability harder to assess

  • Existing debt levels and ongoing legal matters could affect financial stability

EPW India IPO Subscriptions Status

EPW India IPO subscribed 1.32 times. The public issue subscribed 1.31 times in the individual investors category, 1.17 times in QIB (Ex Anchor), and 1.53 times in the NII category by December 24, 2025 5:20:01 PM (Day 3).

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor Investors1.009,32,4009,32,4009.044
Market Maker1.001,64,4001,64,4001.595
QIB (Ex Anchor)1.176,22,8007,26,0007.042
Non-Institutional Buyers1.534,68,0007,17,6006.961
bNII (bids above ₹10L)0.983,12,0003,07,2002.98
sNII (bids below ₹10L)2.631,56,0004,10,4003.981
Individual Investors1.3110,92,00014,27,99813.852
Total1.3221,82,80028,71,60027.855

EPW India IPO GMP

EPW India SME IPO last GMP is ₹0, last updated Dec 24th 2025 04:58 PM. With the price band of 97.00, EPW India SME IPO's estimated listing price is ₹97 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.

00.0%

Last updated 24 Dec, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
24 Dec, 202597₹0-₹97 (0.00%)-24 Dec, 2025
23 Dec, 202597₹0-₹97 (0.00%)-23 Dec, 2025
23 Dec, 202597₹0-₹97 (0.00%)-23 Dec, 2025
22 Dec, 202597₹0-₹97 (0.00%)-22 Dec, 2025
21 Dec, 202597₹0-₹97 (0.00%)-21 Dec, 2025
20 Dec, 202597₹0-₹97 (0.00%)-20 Dec, 2025
19 Dec, 202597₹0-₹97 (0.00%)-19 Dec, 2025
18 Dec, 202597₹0-₹97 (0.00%)-18 Dec, 2025
17 Dec, 202597₹0-₹97 (0.00%)-17 Dec, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for EPW India IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find EPW India IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.