EPW India IPO

₹1,14,000/1,200 shares

Minimum Investment

IPO Details

Open Date

22 Dec 25

Close Date

24 Dec 25

Minimum Investment

₹1,14,000

Lot Size

1,200

Price Range

₹95 to ₹97

Listing Exchange

NSE

Issue Size

₹31.81 Cr

Listing Date

30 Dec 25

Open Free Demat Account

EPW India IPO Timeline

Bidding Start

22 Dec 25

Bidding Ends

24 Dec 25

Allotment Finalisation

26 Dec 25

Refund Initiation

29 Dec 25

Demat Transfer

29 Dec 25

Listing

30 Dec 25

EPW India Limited IPO

EPW India Limited is an IT electronics refurbishing company offering affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories via both B2B and direct-to-consumer channels. The company procures IT products, refurbishes them through a 15–20 day process including testing, cleaning, repair, and software installation, and sells them to end users. Operating with a 4,500 sq. ft. facility and 32 skilled technicians, EPW India ensures reliability, sustainability, and cost-effectiveness, generating 54.29% of revenue from B2C and 45.20% from B2B in FY 2025.

EPW India Limited IPO Overview

EPW India IPO is a bookbuilding issue of ₹31.81 Crores, entirely a fresh issue of 32,79,600 shares. The IPO opens on 22 December 2025 and closes on 24 December 2025, with tentative allotment on 26 December 2025. Refunds and demat credit are scheduled for 29 December 2025, and the listing on NSE SME is expected on 30 December 2025. The price band is ₹95–₹97 per share, with a lot size of 1,200 shares. GetFive Advisors Pvt. Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and SMC Global Securities Ltd. is the market maker.

EPW India Limited IPO Details

Particulars	Details
IPO Date	22 to 24 Dec, 2025
Listing Date	30 Dec, 2025
Face Value	₹5 per share
Issue Price Band	₹95 to ₹97
Lot Size	1,200 Shares
Total Issue Size	32,79,600 shares (aggregating up to ₹31.81 Cr)
Fresh Issue	32,79,600 shares (aggregating up to ₹31.81 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Market Maker Portion	1,64,400 shares
Net Offered to Public	31,15,200 shares
Share Holding Pre Issue	82,00,000 shares
Share Holding Post Issue	1,14,79,600 shares

EPW India Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	1,64,400 (5.01%)
QIB	15,55,200 (47.42%)
NII (HNI)	4,68,000 (14.27%)
Retail	10,92,000 (33.30%)
Total	32,79,600 (100.00%)

EPW India Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,32,800
Retail (Max)	2	2,400	₹2,32,800
HNI (Min)	3	3,600	₹3,49,200
HNI (Max)	8	9,600	₹9,31,200
B-HNI (Min)	9	10,800	₹10,47,600

EPW India Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100%
Post-Issue	71.43%

EPW India Limited IPO Valuation Overview

KPI	Value
EPS	5.28 (Pre IPO), 7.01 (Post IPO)
P/E Ratio	18.36 (Pre IPO), 13.84 (Post IPO)
ROE	139.17%
ROCE	35.03%
Debt/Equity	2.32
RoNW	82.06%
PAT Margin	8.13%
EBITDA Margin	11.64%
Price to Book Value	15.06

Objectives of the Proceeds

Meet working capital requirements – ₹15.85 Cr

Repayment of banking facilities availed – ₹8.50 Cr

General corporate purposes

Key Financials (in ₹ crore)

Particulars	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	42.49	26.55	8.10	6.25
Revenue	53.34	44.04	18.55	6.66
Profit After Tax	4.33	4.02	0.74	0.06
Reserves and Surplus	5.18	5.13	0.85	0.11
Total Borrowings	12.25	16.96	0.23	0.58

SWOT Analysis of EPW India IPO

Strength and Opportunities

Experienced promoters and skilled technical team
Wide range of products for B2B and B2C segments
Reliable warranty service and multiple sales channels
Strong refurbishment process ensuring quality
Growing demand for affordable refurbished IT products

Risks and Threats

High debt-to-equity ratio may constrain growth
Dependence on limited suppliers for hardware components
Competition from larger refurbished IT providers
Market price fluctuations in electronics affect margins
Regulatory changes in IT resale can impact operations

EPW India IPO News

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About EPW India Limited

IPO Strengths of EPW India Limited

Experienced promoters with strong management and technical expertise

Wide range of refurbished IT products across B2B and B2C channels

Reliable warranty service and strong customer trust

Multiple sales channels ensuring diversified revenue streams

Efficient 4,500 sq. ft. refurbishment facility with skilled technicians

Growing demand for affordable refurbished IT products in India

Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (₹)	P/E (x)	RoNW (%)	P/BV Ratio
EPW India Ltd	4.28	4.28	10.39	18.36	41.19	15.06
Peer Group
Gng Electronics Limited	1.58	1.58	43.76	63.99	3.60	8.07
Newjaisa Technologies Limited	-2.77	-2.77	19.49	N/A	-7.04	1.47
Cerebra Integrated Technologies Limited	-2.12	-2.12	12.05	N/A	-16.27	0.67

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