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EPW India IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 22 to Dec 24 2025
Price Band ₹95 - 97
Current GMP ₹111(14.43%)
Subscription 1.32 times

IPO Details

IPO Date
22 to 24 Dec, 2025
Listed on
Tue, Dec 30, 2025
Face Value
₹ 5 per share
Price Band
₹95 to ₹97
Issue Price
₹97 per share
Lot Size
1,200 Shares
Sale Type
Fresh Capital
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
32,79,600 shares (agg. up to ₹ 32 Cr)
Reserved for Market Maker
1,64,400 shares (agg. up to ₹ 2 Cr) SMC Global Securities Ltd.
Net Offered to Public
31,15,200 shares (agg. up to ₹ 30 Cr)
Share Holding Pre Issue
82,00,000 shares
Share Holding Post Issue
1,14,79,600 shares
NSE Symbol
EPWINDIA
ISIN
INE1KEC01023

IPO Subscription Details

Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
1.17
Non-Institutional Buyers***
1.53
bNII (bids above ₹10L)
0.98
sNII (bids below ₹10L)
2.63
Individual Investors
1.31
Total **
1.32

Day Wise Sub

DayDec 2 2, 2025 (Day 1)
QIB (Ex Anchor)0.00
NII*0.67
NII (> ₹10L)0.84
NII (< ₹10L)0.34
Individual Investors0.13
Total0.21
DayDec 2 3, 2025 (Day 2)
QIB (Ex Anchor)1.17
NII*0.47
NII (> ₹10L)0.45
NII (< ₹10L)0.52
Individual Investors0.30
Total0.58
DayDec 2 4, 2025 (Day 3)
QIB (Ex Anchor)1.17
NII*1.53
NII (> ₹10L)0.98
NII (< ₹10L)2.63
Individual Investors1.31
Total1.32

Day Wise GMP

Date30-12-2025
Price97.00
GMP2.5(2.58%)
Estimate List Price99.5
Date29-12-2025
Price97.00
GMP2.5(2.58%)
Estimate List Price99.5
Date28-12-2025
Price97.00
GMP2.5(2.58%)
Estimate List Price99.5
Date27-12-2025
Price97.00
GMP2.5(2.58%)
Estimate List Price99.5
Date26-12-2025
Price97.00
GMP2.5(2.58%)
Estimate List Price99.5
Date25-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date24-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date23-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date22-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date21-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date20-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date19-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date18-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97
Date17-12-2025
Price97.00
GMP0(0.00%)
Estimate List Price97

IPO Important Dates

IPO Open
Mon, Dec 22, 2025
IPO Close
Wed, Dec 24, 2025
Allotment
Fri, Dec 26, 2025
Refund
Mon, Dec 29, 2025
Credit of Shares
Mon, Dec 29, 2025
Listing
Tue, Dec 30, 2025

IPO Lot Size

ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,32,800
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,49,200
ApplicationS-HNI (Max)
Lots8
Shares9,600
Amount₹9,31,200
ApplicationB-HNI (Min)
Lots9
Shares10,800
Amount₹10,47,600

Key Performance Indicator

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

Peers Comparison

Company NameEPW India Ltd.
EPS (Basic)4.28
EPS (Diluted)4.28
NAV (per share) (Rs)10.39
P/E (x)
RoNW (%)41.19
P/BV Ratio
Company NameGng Electronics Limited
EPS (Basic)1.58
EPS (Diluted)1.58
NAV (per share) (Rs)43.76
P/E (x)63.99
RoNW (%)3.60
P/BV Ratio8.07
Company NameNewjaisa Technologies Limited
EPS (Basic)-2.77
EPS (Diluted)-2.77
NAV (per share) (Rs)19.49
P/E (x)
RoNW (%)-7.04
P/BV Ratio1.47
Company NameCerebra Integrated Technologies Limited
EPS (Basic)-2.12
EPS (Diluted)-2.12
NAV (per share) (Rs)12.05
P/E (x)
RoNW (%)-16.27
P/BV Ratio0.67

IPO Reservation

Market Maker Shares Offered
1,64,400 (5.01%)
QIB Shares Offered
15,55,200 (47.42%)
− Anchor Investor Shares Offered
9,32,400 (28.43%)
− QIB (Ex. Anchor) Shares Offered
6,22,800 (18.99%)
NII (HNI) Shares Offered
4,68,000 (14.27%)
− bNII > ₹10L
3,12,000 (9.51%)
− sNII < ₹10L
1,56,000 (4.76%)
Retail Shares Offered
10,92,000 (33.30%)
Total Shares Offered
32,79,600 (100.00%)

Information about company

EPW India is an 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. With a 4,500 sq. ft. in-house refurbishment facility and a skilled team of 32 technicians, it ensures every product goes through a 15–20 day process of testing, repair, cleaning, and software installation before sale. The company is committed to delivering reliable, sustainable, and cost-effective IT products. In FY 2025, It generated 54.29% of revenue from B2C segment and remaining 45.20% from B2B sales. Competitive Strengths

Objectives of IPO

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To Meet Working Capital Requirements 15.85 2 Repayment of banking facilities availed by the company 8.50 3 General Corporate Purpose 3.65

Disclaimer

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