Eppeltone Engineers Limited (SME IPO)
Eppeltone Engineers IPO is a book-built issue of ₹43.96 crores, consisting entirely of a fresh issue of 34.34 lakh shares. The IPO opens for subscription on June 17, 2025, and closes on June 19, 2025.
📈 Grey Market Premium (GMP)
IPO Details & Subscription
IPO Timeline
Eppeltone Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 128000 |
| Retail (Max) | 1 | 1000 | 128000 |
| HNI (Min) | 2 | 2000 | 256000 |
Eppeltone Engineers IPO Reservation
Here's how the IPO shares are allocated across investor categories:
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Eppeltone Engineers Limited
Financial Information (Restated)
| Financial Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 123.80 | 69.83 | 43.73 |
| Revenue | 125.74 | 80.04 | 72.99 |
| Profit After Tax | 11.23 | 8.16 | 1.09 |
| Net Worth | 40.00 | 20.40 | 11.49 |
| Reserves and Surplus | 30.48 | 16.16 | 7.50 |
| Total Borrowing | 30.54 | 16.31 | 12.68 |
Key Performance Indicator (KPI)
👉 Eppeltone Engineers IPO commands a market capitalization of ₹165.88 Crores
| KPI | Value |
|---|---|
| ROE | 41% |
| ROCE | 43% |
| Debt/Equity | 0.79 |
| RoNW | 40.79% |
| PAT Margin | 10.75 |
| Price to Book Value | 2.62 |
AI-Generated Analysis
Eppeltone Engineers IPO is a book-built issue of ₹43.96 crores, consisting entirely of a fresh issue of 34.34 lakh shares. The IPO opens for subscription on June 17, 2025, and closes on June 19, 2025. Allotment is expected to be finalized on June 20, 2025, with a tentative listing on the NSE SME platform on June 24, 2025.
The price band is fixed between ₹125 to ₹128 per share. The minimum lot size is 1,000 shares, requiring a retail investment of approximately ₹1,28,000 at the cutoff price. For HNIs, the minimum application size is 2 lots (2,000 shares), amounting to ₹2,56,000.
Expert Global Consultants Private Limited is the book-running lead manager, Skyline Financial Services Pvt Ltd is the registrar, and Prabhat Financial Services Ltd. is the market maker for this IPO.
1. Business Model & Legacy:
Founded in 1977, Eppeltone Engineers Limited brings over four decades of experience in energy metering and power conditioning systems. Initially focused on SMPS for computers, the company has since diversified its offerings into smart meters, UPS systems, battery management, and railway automation devices. This strong legacy, coupled with adaptation to current energy tech needs, gives it a long-term edge.
2. Government & B2B Exposure:
The company primarily operates under a B2B model, serving Government entities and select private sector players, which ensures long-term revenue stability through tenders and institutional contracts.
3. Diverse Product Range:
Its portfolio includes static watt hour meters, smart meters, water meters, BPL kits, LED lighting solutions, battery packs, railway components, and software development, enabling it to cater to utility, industrial, and railway infrastructure sectors.
4. Infrastructure & R&D:
With a 36,000 sq. ft. manufacturing unit in Greater Noida and additional support facilities in Noida and Okhla, plus a NABL-approved R&D lab, the company is well-positioned for both volume production and innovation.
5. Financials & IPO Size:
The IPO size of ₹43.96 Cr, being modest in scale, suggests it is geared for working capital, capacity expansion, or R&D push—not for debt repayment, which signals healthy fundamentals.
6. Risks to Watch:
Heavy reliance on Government contracts
Limited employee base (59 permanent staff as of March 2024)
Execution and scalability depend on technological innovation and efficient procurement cycles.
Objects of the Issue – Eppeltone Engineers IPO
| S.No. | Objective | Amount (₹ Cr) |
|---|---|---|
| 1 | 1️⃣ 💼 Working Capital Requirements of the Company | ₹30.00 Cr |
| 2 | 2️⃣ 🛠️ Capital Expenditure for Installation of Additional Machinery | ₹5.00 Cr |
| 3 | 3️⃣ 🧾 General Corporate Purposes – [Undisclosed] | |
| 4 | 4️⃣ 📄 Issue Expenses – [Undisclosed] |