Eppeltone Engineers IPO: Price, Allotment, And GMP

Eppeltone Engineers IPO- Complete Overview

Eppeltone Engineers IPO under the SME IPO category is a book build issue of Rs. 43.96  Cr by Eppeltone Engineers Limited. The company was established in 1977, and manufactures electronic energy meters, including smart meters, as well as a range of power conditioning products such as UPS systems and sophisticated chargers well known for its wide range of products, which includes AVR, MCBs, and transducers.

It began its business with specialization in Switch Mode Power Supplies (SMPS) for computers and various other electronic equipment, but has come a long way since then and now caters to a variety of consumer and industrial segments, focusing on specific energy management solutions.

It is a certified company that designs and offers static watt hour meters, smart meters, water meters, BPL kits, UPS systems, LED luminaries, battery management systems, 4.5KW regulated emergency chargers, packs, short neutral section assemblies, chargers, software development, modular cantilever systems, lightweight insulator assemblies, and auto tensioning devices.

The Company’s B2B segment, where its products and services are provided to Government Entities America is where most of its business takes place.

The company also provides to various Private sector organizations and Non-Government & Government Organizations in various Sectors.

The company’s production plant, comprising a 36000 sq. ft. manufacturing plant in Greater Noida, UP, has become the epicenter of manufacturing and innovative breakthroughs.

It has branch offices in Noida and Okhla, New Delhi. These units support the main unit in running special production processes, quality control, and R&D. 

 

Eppeltone Engineers IPO Overview

The Eppeltone Engineers IPO date is on 17 June 2025, and its initial public offering will end on 19 June 2025. 

The Rs. 43.96 crore new SME IPO comprises a fresh issue of 34.34 lac Shares. 

This upcoming IPO is available for subscription from June 17 to 19 June 2025. Eppeltone Engineers IPO price is Rs. 125 to Rs. 128 for each Share. 

The expected Eppeltone Engineers IPO listing date is Jun 24, 2025, and listing at the NSE and SME.

Click to open demat account and apply for the IPO.

 

 

Company Financial

(Amount in Lac)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	123.80	69.82	43.73
Total Revenue	125.74	80.04	72.99
PAT	11.23	8.16	1.09
Net Worth	40	20.40	11.49
Reserves & Surplus	30.48	16.16	7.50
Borrowings	30.54	16.31	12.68

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(599.55)	465.40	35.31
Net Cash Flow Investing Activities	(826.63)	(462.34)	(125.37)
Net Cash Flow Financing Activities	1,332.60	442.23	94.58

 

Revenue Bifurcation

Project-wise Revenue Bifurcation

 

Product-wise Revenue Bifurcation

 

Geography-wise Revenue Bifurcation

Segment-wise Revenue Bifurcation

 (Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• The company's working capital requirements.

• Financing capital expenditures for the factory's installation of extra machinery.

• Issue expenses.

• General corporate purposes.
  
  

Click to check the IPO application status.

Peers of Eppeltone Engineers Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Akanksha Power And Infrastructure Limited	10	1.82	79.20
Rishabh Instruments Ltd.	10	10.71	34.97
Genus Power Infrastructures Ltd.	1	3.61	114.67

 

 

Evaluation

The Eppeltone Engineers Limited IPO price is Rs. 125 to Rs. 128 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2025 with an EPS of Rs. 11.79 from the last year, the resulting P/E ratio is 10.85x.

Considering the weighted EPS of Rs. 8.94 for the last three years, the P/E ratio is 14.31x.

Explore Patil Automation IPO.

 

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 76.28.

Particulars	P/E Ratio (x)
Highest	114.67
Lowest	34.97
Average	76.28

In simple words, the P/E ratio of this IPO (10.85x), compared with the industry’s average P/E of 76.28x, has an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

 

IPO's Strengths

• Advanced manufacturing and R&D competencies.

• Focus on quality and certifications.

• Varied and innovative product portfolio.

• Good market presence and customer base.

• Assure energy efficiency and sustainability.
  
  

IPO’s Weaknesses

• The company is heavily dependent on Government contracts won in competitive bidding. The inability to procure such projects in the future could have an adverse effect on its revenues and business.

• Eppeltone doesn't have long-term fixed contracts with suppliers. Any reductions or delays in availability or increases in prices of supplies may negatively impact production timetables and profit margins.

• The company has a large concentration of revenues with a small number of customers. The loss of such customers could impact the company’s operations. 

 

Eppeltone Engineers IPO GMP

Eppeltone Engineers IPO GMP is Rs. 63 as of 16 Jun 2025. Hence, its estimated listing price is Rs. 191.

IPO Timetable (Tentative)

The Eppeltone IPO date of opening is from Jun 17 to Jun 19, 2025, allotment on Jun 20, refund initiation on Jun 23, and listing on Jun 24, 2025.

Events	Date
IPO Opening Date	Jun 17, 2025
IPO Closing Date	Jun 19, 2025
IPO Allotment Date	Jun 20, 2025
Refund Initiation	Jun 23, 2025
IPO Listing Date	Jun 24, 2025

 

Eppeltone Engineers IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 34,34,000 Shares (Rs. 43.96 Cr).

IPO Opening & Closing date	17 Jun, 2025 to 19 Jun, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 125 to Rs. 128 per Share.
Lot Size	1000 Shares
Issue Size	34,34,000 Shares (Rs. 43.96 Cr)
Offer for Sale	-
Fresh Issue	34,34,000 Shares (Rs. 43.96 Cr)
Listing at	NSE, SME
Issue Type	Book building Issue
Registrar	Skyline Financial Services Private Ltd.

 

 

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs. 1,28,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs. 2,56,000.

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
HNI (Min)	2 Lots

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	50%
Retail’s Portion	35%
Non-Institutional’s Portion	15%

 

Promoters And Management of Eppeltone Engineers Ltd.

• Rohit Chowdhary

• Deven Chowdhary

• Reshu Chowdhary.

Pre-Issue Promoter Shareholding	83.69%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Expert Global Consultants Private Limited.

 

 

Dividend Policy

The company hasn’t paid a dividend in the last three fiscal years. 

 

Conclusion

Eppeltone Engineers IPO gives an investment opportunity in the company, which is a reputed player in electronic energy meters and power solutions. Its product range and financials both look very good, and its valuations do not seem very high, but depending on government contracts, it presents a major risk.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.