EPW India IPO
GMP, Subscription, Price, Dates & Financial Details
It - Hardware
EPW India is an IT electronics refurbishment company specializing in the supply of affordable, high-quality refurbished laptops, desktops, Chromebooks, monitors, and related accessories. The company operates across both business-to-business (B2B) and direct-to-consumer (B2C) channels, serving a…
Open Date
Mon, 22 Dec 2025
Close Date
Wed, 24 Dec 2025
Price Band
₹ 95 – 97
Lot Size
1200
Issue Size
₹ 31.81 Cr
Minimum Investment
₹ 232,800 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
EPW India IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹31.81 Crore.
The EPW India IPO remained open for subscription from December 22, 2025, to December 24, 2025. The basis of allotment was finalized on December 26, 2025, and the company's shares were listed on NSE SME Platform on December 30, 2025.
The company had fixed the price band at ₹95 to ₹97 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹232,800 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Getfive Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, EPW India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
EPW India IPO Timeline (Tentative)
- IPO Open Date
- Mon, 22 Dec 25
- IPO Close Date
- Wed, 24 Dec 25
- Basis of Allotment
- Fri, 26 Dec 25
- Initiation of Refunds
- Mon, 29 Dec 25
- Credit of Shares to Demat
- Mon, 29 Dec 25
- Listing Date
- Tue, 30 Dec 25 — NSE & BSE
Open Date
22 December 2025
Close Date
24 December 2025
Basis Of Allotment
26 December 2025
Listing Date
30 December 2025
IPO Subscription
Check Live Subscription →The EPW India IPO has received bids for 30,36,000 shares against 21,82,800 shares offered, resulting in an overall subscription of 1.39x. the NII category is subscribed 1.88x, Retail Investors 1.31x, and QIBs 1.17x. Within the NII category, BNII is subscribed 1.51x, while SNII is subscribed 2.63x.
QIB
1.17x
NII
1.88x
BNII
1.51x
SNII
2.63x
RII
1.31x
Total
1.39x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 10,92,000 shares, representing 50.03% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 6,22,800 shares (28.53%), while Non-Institutional Investors (NIIs) receive 4,68,000 shares (21.44%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 622,800 | 28.53% |
| Non-Institutional | 468,000 | 21.44% |
| BNII | 312,000 | 14.29% |
| SNII | 156,000 | 7.15% |
| Retail Investors | 1,092,000 | 50.03% |
| Total | 2,182,800 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 42.49 | 26.55 | 8.1 | 6.25 |
| Revenue | 44.04 | 53.34 | 18.55 | 6.66 |
| Profit After Tax | 4.02 | 4.33 | 0.74 | 0.06 |
| Net Worth | 9.23 | 5.28 | 0.95 | 0.21 |
| Reserve & Surplus | 5.13 | 5.18 | 0.85 | 0.11 |
| Total Borrowings | 16.96 | 12.25 | 0.23 | 0.58 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
EPW India Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 139.17 | 128.44 | 36.94 |
| ROCE % | 35.03 | 86.47 | 11.12 |
| Debt / Equity | 2.32 | 0.24 | 2.82 |
| RoNW % | 82.06 | 78.21 | 31.2 |
| Pat Margin % | 8.13 | 4 | 0.97 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| EPW India Limited | 5 | 0.00 | 4.28 | 4.28 | 41.19 | 10.39 |
| GNG Electronics Ltd | 2 | 63.99 | 1.58 | 1.58 | 3.60 | 43.76 |
| Newjaisa Technologies Ltd | 5 | 0.00 | -2.77 | -2.77 | -7.04 | 19.49 |
| Cerebra Integrated Technologies Ltd | 10 | 0.00 | -2.12 | -2.12 | -16.27 | 12.05 |
About EPW India Limited
EPW India is an IT electronics refurbishment company specializing in the supply of affordable, high-quality refurbished laptops, desktops, Chromebooks, monitors, and related accessories. The company operates across both business-to-business (B2B) and direct-to-consumer (B2C) channels, serving a diverse customer base that includes enterprises, institutions, and individual end users.
EPW India procures pre-owned laptops, desktops, Chromebooks, and peripherals, which are refurbished to near-new condition through a rigorous in-house process. The company operates a 4,500 sq. ft. refurbishment facility staffed by a skilled team of 32 trained technicians. Each product undergoes a 15–20 day refurbishment cycle, including comprehensive diagnostics, hardware repair or replacement, deep cleaning, quality testing, and fresh software installation before being approved for sale.
The company is focused on delivering reliable, sustainable, and cost-effective IT solutions, supporting both affordability and environmental responsibility by extending the lifecycle of electronic devices.
In FY 2025, EPW India derived 54.29% of its revenue from the B2C segment, while the remaining 45.20% was generated from B2B sales, reflecting a balanced revenue mix across its customer segments.
EPW India IPO Promoters
- Yousuf Uddin
- Mohd. Fasi Uddin
- Mohd. Zaki Uddin
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.43%
EPW India IPO Objective
The Company EPW India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the working capital requirements
- Repayment of Banking Facilities availed by the Company
- General Corporate Purposes
EPW India Limited Address / Contact Details
EPW India Ltd.
Shop No. 131 & 132, Ground Floor,
C-Block Chenoy Trade Center, Parklane
Secunderabad
Hyderabad, Telangana, 500003
Phone: 79934 39988
Email: compliance@epwindia.com
Website: https://epwindia.com/
IPO Snapshot
EPW India IPO Lot Size
The EPW India IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹2,32,800 by applying for 2 lot (2,400 shares). The maximum application allowed for the retail category is 2 lots (2,400 shares), requiring an investment of ₹2,32,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 232,800.00 |
| Retail (Max) | 2 | 2,400 | 232,800.00 |
| S-HNI (Min) | 3 | 3,600 | 349,200.00 |
| S-HNI (Max) | 8 | 9,600 | 931,200.00 |
| B-HNI (Min) | 9 | 10,800 | 1,047,600.00 |
Issue Reservation
- QIB — 28.53%
- NII — 21.44%
- RII — 50.03%
Book Running Lead Managers
- Getfive Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the EPW India IPO?
EPW India IPO is a Book-building IPO with a total issue size of ₹31.81 crore. The EPW India IPO price band is ₹95 to 97 per share. The EPW India IPO subscription opens on Mon, Dec 22, 2025, and closes on Wed, Dec 24, 2025. The EPW India IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the EPW India IPO.
When will the EPW India IPO open for subscription?
The EPW India IPO opens on Mon, Dec 22, 2025 and closes on Wed, Dec 24, 2025
What is EPW India IPO Price Band?
EPW India IPO Price Band is ₹95 to 97 per share.
What is EPW India IPO Lot Size?
EPW India IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹232800 based on the upper price band
What is the minimum investment for EPW India IPO?
The minimum investment for EPW India IPO is ₹232800, based on one lot of 1200 shares at the upper price band of ₹97 per share.
How to apply for EPW India IPO?
Investors can apply for the EPW India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Dec 24, 2025. The application amount remains blocked until the EPW India IPO allotment is finalized.
What is EPW India IPO Issue Size?
EPW India IPO issue size is ₹31.81 crores.
What is the EPW India IPO Allotment Date?
EPW India IPO allotment date is Fri, Dec 26, 2025.
Who is the EPW India IPO Registrar?
The registrar for EPW India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check EPW India IPO allotment status, refund processing, and other IPO-related information.
Who is the EPW India IPO Lead Manager?
The book-running lead managers (BRLMs) for the EPW India IPO are Getfive Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the EPW India IPO Red Herring Prospectus (RHP).