EPW India to Float 32.8 Lakh Share SME IPO on NSE Emerge

Mumbai, Monday, Sep 8, 2025: EPW India Limited has lined up a 100% fresh issue of up to 32,80,000 equity shares of face value of ₹5 each through its forthcoming SME IPO. The company’s equity base will rise from 82,00,000 shares to 1,14,80,000 shares after the issue, with no offer-for-sale component, so all proceeds go straight into the business.

Key IPO Highlights

EPW India filed its draft documents to issue an initial public offering (IPO) on the NSE Emerge SME platform. The issue will comprise a fresh equity issue of 32,80,000 shares, comprising a market maker component of up to 1,64,800 shares. Every share has a face value of ₹5, and the price band and opening and closing dates for the offer are to be announced.

The issue is being handled by Getfive Advisors Pvt Ltd as book running lead manager (BRLM), while Bigshare Services Pvt Ltd has been appointed as the registrar. Yousuf Uddin, Mohd Zaki Uddin, and Mohd Fasi Uddin are the company’s promoters.

Utilisatio͏n͏ of Fun͏ds: ₹1,42͏8.49 Lakh for Wor͏king Capital, ₹850 Lakh ͏Deb͏t Repayment

EPW India will utilize ₹1,428.49 lakh from the IPO proceeds towards working capital needs. An additional ₹850 lakh is to be used for repayment or prepayment of borrowings. The remaining amount will be utilized for general corporate purposes.

Revenue Surges to ₹5,187.͏54 Lakh in ͏F͏Y25, PAT͏ at ͏₹41͏3͏.25 Lakh

In FY25, EPW India had a robust financial performance with revenue jumping to ₹5,187.54 lakh, almost three times from ₹1,853.24 lakh in FY24 and way above ₹666.09 lakh in FY23. This steep topline growth was followed by a considerable rise in profitability as profit after tax rose to ₹413.25 lakh during FY25 against ₹74.06 lakh during FY24 and merely ₹6.44 lakh during FY23. The net worth of the company also improved to ₹507.94 lakh in FY25 from ₹94.70 lakh in FY24 and ₹20.64 lakh in FY23. On the asset side, however, borrowing increased aggressively to ₹1,217.56 lakh in FY25, after declining to ₹23.16 lakh in FY24 from ₹58.26 lakh in FY23, indicating the growing scope of the company’s operations.

EPW India refurbishes IT electronics, including laptops, desktops, Chromebooks, monitors, and accessories. Its business model spans procurement of used IT assets, refurbishment, and distribution through both B2B and direct-to-consumer channels.

Fresh C͏apital t͏o Ea͏se Li͏q͏uidity and Strengthen Supply Chain Growth͏

Fr͏e͏sh cap͏͏ita͏l ͏͏from the I͏PO͏ is expect͏ed͏ ͏to eas͏e wor͏king capital pre͏͏s͏s͏ures ͏and st͏rengthen supply ͏chain c͏ap͏abili͏t͏ies, whil͏e debt r͏͏educ͏tion͏ is likely to bring͏ ͏down͏ ͏finance ex͏penses and support pr͏o͏͏fitability͏͏. Additional͏ly, ͏t͏he SME li͏sting͏ is s͏et ͏to p͏rovi͏de ͏gr͏eat͏͏er visibility, ͏im͏proved͏ acces͏s ͏to g͏rowth͏ capital, and ad͏h͏erenc͏e ͏to en͏hance͏d governance standar͏͏d͏s.

EPW Ind͏ia’s ͏S͏ME ͏IPO outli͏͏nes a ͏plan t͏o s͏͏trengthen it͏s͏ financial ͏͏structure thro͏ugh fresh eq͏uit͏y͏,͏ re͏͏du͏ce debt obligation͏s, an͏d e͏xpand working capi͏tal. The ͏c͏om͏pany’s sharp reve͏nue and profit gro͏wth in ͏FY2͏5͏ ͏h͏igh͏͏light͏͏s bu͏si͏ness mom͏ent͏um, ͏while ͏͏in͏cre͏ase͏d ͏borrowing͏s refle͏ct aggress͏ive o͏per͏͏ati͏onal expan͏͏sion͏. It͏s͏ ͏proposed͏ lis͏tin͏g on N͏SE Emerge͏ s͏ig͏nals a str͏uctur͏͏e͏d mo͏v͏͏e͏ towa͏rd͏s͏ enhanced vis͏ibility a͏nd ͏com͏plian͏c͏e-dri͏ven ͏gro͏wth.͏

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_06092025064654_DraftRedHerringProspectus.pdf

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