EPW IPO Opens Today; Price Band Set Between ₹95 to ₹97 

Mumbai, 22 December 2025: IT electronics refurbishing company EPW India initial public offering (IPO) of EPW India will open for subscription status today, 22 December 2025. The NSE SME-bound issue is a book-built offering of ₹31.81 crore and is entirely a fresh issue of 32.8 lakh shares. The company has raised ₹9.04 crore from anchor investors ahead of the launch of its initial share sale for public subscription. 

EPW India is 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. 

EPW Price Band Set at ₹95.00 to ₹97.00 Per Share; Lot Size 1200 Shares 

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 status today, December 22, 2025, and closes on December 24, 2025. The allotment for the EPW India IPO is expected to be finalised on December 26, 2025, and the shares will list on NSE SME with a tentative listing date fixed as December 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. 

GetFive Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd. 

EPW IPO Reservation and Anchor Investors 

With regard to the IPO reservation, EPW India IPO offers total 32,79,600 shares. Out of which 15,55,200 (47.42%) has been allocated to QIB, 6,22,800 (18.99%) to QIB (Ex- Anchor), 4,68,000 (14.27%) to NIIs, 10,92,000 (33.30%) to RII and 9,32,400 (28.43%) allocated to Anchor investors.  

Ahead of the IPO, the company had allotted over 9.32 lakh equity shares anchor investors comprising Resonance Opportunities Fund, Universal Golden Fund and Getfive Opportunity Fund – I at an anchor investor price of ₹97 per share, aggregating to ₹9.04 crore. 

Utilisation of Proceeds 

The net proceeds from the fresh issue worth ₹15.85 crore will be used to meet the working capital requirements, ₹8.50 crore for repayment of debt and the balance for general corporate purposes. 

EPW India Ltd Post Revenue Growth of 188% and ROE at 139% 

EPW India Ltd. reported robust growth during FY24-FY25. The company’s gross revenue increased 188% from ₹18.55 crore in FY24 to ₹53.34 crore in FY25. Post tax profit soared from ₹0.74 cr to ₹4.33 cr, a massive 485% jump. EBITDA was at ₹6.21 cr, which is also a substantial increase. Assets increased to ₹26.55 cr from ₹8.10 crore and net worth increased to ₹5.28 cr from ₹0.85 crore, indicating improved financial position. 

EPW India Ltd showed good operational efficiency, as shown through its key performance indicators for FY25. The return on equity was robust at 139.17% and the return on capital employed was 35.03%. The firm posted an EBITDA margin of 11.64% and a PAT margin of 8.13%. The debt-to-equity ratio was 2.32, indicating growth by leveraging. Post-IPO, EPS rose to ₹7.01 and P/E fell to 13.84. 

Source: https://www.nseindia.com/market-data/issue-information?symbol=EPWINDIA&series=SME&type=Active

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.  

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.  

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.