EPW India IPO: GMP, Price, Analysis, And Details

EPW India IPO- Company Analysis

EPW India IPO under the SME IPO category is a bookbuild issue of Rs. 31.81 Cr by EPW India Limited and is an IT electronics refurbishing business that offers reasonably priced refurbished laptops, desktops, Chromebooks, monitors, and accessories via direct-to-consumer and business-to-business channels. The business purchases laptops, desktop computers, Chromebooks, and accessories, refurbishes them to brand-new condition and then resells them to final consumers.

It guarantees that every product undergoes a 15–20 day process of testing, repair, cleaning and software installation prior to sale thanks to a 4,500 square foot in-house refurbishment facility and a knowledgeable staff of 32 professionals. The business is dedicated to providing dependable, economical and sustainable IT solutions.

EPW India IPO Details

The EPW India IPO date of opening is 22 Dec 2025, its initial public offering will end on 24 Dec, IPO allotment on Dec 26 and refund initiation on Dec 29, 2025.

The Rs. 31.81 crore new SME IPO comprises a wholly fresh issue of 0.33 crore shares.

The EPW India IPO listing date (expected) might be on Tuesday, Dec 30, 2025, and listing at the NSE and SME. 

The EPW India IPO price band is Rs. 95 to Rs. 97.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Dec 22, 2025
IPO Closing Date	Dec 24, 2025
IPO Allotment Date	Dec 26, 2025
Refund Initiation	Dec 29, 2025
IPO Listing Date	Dec 30, 2025

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	26.55	8.10	6.25
Total Income	53.34	18.55	6.66
PAT	4.33	0.74	0.06
EBITDA	6.21	1.03	0.11
Net Worth	5.28	0.95	0.21
Reserves & Surplus	5.18	0.85	0.11
Total Borrowing	12.25	0.23	0.58

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	-1,094.75	43.95	14.61
Net Cash Flow Investing Activities	-52.68	-2.92	-4.59
Net Cash Flow Financing Activities	1,171.75	-35.11	58.26

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

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

• To meet working capital requirements. ~ Rs. 15.85 Cr.

• Repayment of banking facilities availed by the company. ~ Rs. 8.50 Cr.

• General Corporate Purposes.
  
  

Listed Peers of EPW India Ltd. 

Name of the Company	Face Value (Rs.)	EPS (Rs.)	P/E Ratio (x)
GNG Electronics Limited	2	1.58	63.99
Newjaisa Technologies Limited	5	-2.77	NA
Cerebra Integrated Technologies Limited	10	-2.12	NA

 

Valuation

KPI	Value
ROE	139.17%
ROCE	35.03%
Debt / Equity	2.32
RoNW	82.06%
PAT Margin	8.13%
EBITDA Margin	11.64%

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 5.04 from the last year, the resulting P/E ratio is 19.24x.

Explore the Luxury Time IPO.

IPO's Strengths

• Numerous Products.

• Skilled Group of People.

• Dependable Guarantee Service.

• Several Sales Channels.

• Skilled Promoter and Management Proficiency.

IPO’s Weaknesses

• The lack of long-term supply contracts, its reliance on IT supplies and susceptibility to price volatility might all have a negative impact on our business.

• A dependable and effective supply chain for the acquisition of used laptops, parts and other materials required for the refurbishment process is crucial to the company's business strategy.  The company's operations could be seriously harmed by any disruption in this supply chain.

• If it is unable to maintain appropriate internal systems, procedures and controls it might not be able to effectively manage the expansion of the company.
  
  

EPW India IPO GMP (Grey Market Premium)

EPW India IPO GMP today has not started yet as of 18 Dec 2025 while writing this information.

EPW India IPO Summary

IPO Opening & Closing Date	22 Dec, 2025 to 24 Dec, 2025
Face Value	Rs. 5 per Share
Issue Price	Rs. 95 to Rs. 97 per Share.
Lot Size	1200 Shares
Issue Size	32,79,600 Shares (Rs. 31.81 Cr)
Offer for Sale	-
Fresh Issue	32,79,600 Shares (Rs. 31.81 Cr)
Listing at	NSE, SME
Issue Type	Bookbuild issue IPO
Registrar	Bigshare Services Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (2400 Shares) for Rs. 2,32,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,49,200.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

EPW India IPO Allotment Status

To check the EPW India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of EPW India Ltd.

• Yousuf Uddin

• Mohd. Fasi Uddin

• Mohd. Zaki Uddin.

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	71.43%

 

IPO Lead Managers

• Get Five Advisors Pvt. Ltd.
  
  

Dividend Policy

The company has not paid a dividend during the last three financial years.

 

Conclusion

Exposure to the rapidly expanding refurbished IT electronics market is provided by the EPW India IPO, which is backed by robust revenue growth and remarkably excellent return ratios including ROE and RoNW. Supported by an asset-light refurbishment approach and a variety of sales channels, the IPO valuation seems fair when compared to public peers. But before making an investment, investors should carefully consider supply-chain dependence, significant leverage, and negative operating cash flows.

 

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.