EPW India Limited IPO
Price Band
₹95 - ₹97
Total Issue
₹32 Cr
Bid Dates
22 Dec - 24 Dec
Subscription
1.32x
Listing Price
₹111 (14.43%)
Valuation
Market Cap
₹111.35 Cr
P/E Ratio
19.25x
P/B Ratio
15.67x
EPW India IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
EPW India operates as an IT electronics refurbishing enterprise, supplying refurbished electronic products through two distinct supply chain models: direct-to-consumer (D2C) and business-to-business (B2B). It offers refurbished IT products at significantly lower prices compared to new alternatives. The business follows an end-to-end reverse supply chain model, which includes sourcing used IT assets such as laptops, desktops, Chromebooks, and related peripherals, refurbishing them to near-new condition, and reselling them to end customers. The product portfolio comprises laptops, desktops, Chromebooks, monitors, and accessories such as keyboards and mice. Sales are conducted through company-operated retail outlets as well as its proprietary online platform, enabling broad market reach and efficient distribution.
EPW India IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,400 | ₹2,32,800 |
| Ind (Max) | 2 | 2,400 | ₹2,32,800 |
| S-HNI (Min) | 3 | 3,600 | ₹3,49,200 |
| S-HNI (Max) | 8 | 9,600 | ₹9,31,200 |
| B-HNI (Min) | 9 | 10,800 | ₹10,47,600 |
EPW India IPO Size
Objects of Issue
- Funding the working capital requirements
- Repayment of Banking Facilities availed by the Company
- General Corporate Purposes
EPW India IPO Live Subscription
Updated as on 24-Dec-2025 19:00:43 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 1.17x | 6,22,800 | 7,26,000 |
| NII | 1.53x | 4,68,000 | 7,17,600 |
| bHNI | 0.98x | 3,12,000 | 3,07,200 |
| sHNI | 2.63x | 1,56,000 | 4,10,400 |
| Individual | 1.31x | 10,92,000 | 14,28,000 |
| Total | 1.32x | 21,82,800 | 28,71,600 |
Data is sourced from NSE & BSE and may change. Information is provided on an “AS IS” and “AS AVAILABLE” basis without warranties.
EPW India IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 29 Dec | ₹2.5 (2.6%) | ₹99.50 |
| 28 Dec | ₹2.5 (2.6%) | ₹99.50 |
| 27 Dec | ₹2.5 (2.6%) | ₹99.50 |
| 26 Dec | ₹0 (0%) | ₹97 |
| 25 Dec | ₹0 (0%) | ₹97 |
| 24 Dec | ₹0 (0%) | ₹97 |
| 23 Dec | ₹0 (0%) | ₹97 |
| 22 Dec | ₹0 (0%) | ₹97 |
| 21 Dec | ₹0 (0%) | ₹97 |
| 20 Dec | ₹0 (0%) | ₹97 |
| 19 Dec | ₹0 (0%) | ₹97 |
| 18 Dec | ₹0 (0%) | ₹97 |
| 17 Dec | ₹0 (0%) | ₹97 |
EPW India IPO Peer Comparison
(Rs. in crores)
| Particulars | EPW India | GNG Electronics | Newjaisa Technologies |
|---|---|---|---|
| Revenue | 51.88 | 711.28 | 65.66 |
| PAT | 4.13 | 18.65 | -1.13 |
| EPS (₹) | 4.28 | 1.58 | -2.77 |
| NAV (₹) | 10.39 | 43.76 | 19.49 |
| RONW | 41.19% | 3.60% | -7.04% |
| EBITDA | 11.43% | 7.29% | 1.04% |
| PAT Mrgn | 7.97% | 2.62% | -1.72% |
| PE Ratio | 19.25 | 63.99 | - |
| Debt to Equity | 2.40 | 2.45 | 0.18 |
All information pertains to FY 2024-25 & is on standalone basis. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 15, 2025 for Peers
EPW India IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 44.03 | 53.31 | 18.53 | 6.66 |
| PAT | 4.02 | 4.33 | 0.74 | 0.06 |
| Net Worth | 9.23 | 5.28 | 0.95 | 0.21 |
| Borrowings | 16.96 | 12.25 | 0.23 | 0.58 |
| Assets | 38.67 | 24.24 | 8.03 | 6.24 |
| NAV (₹) | 11.26 | 6.44 | 1.15 | 0.25 |
| EPS (₹) | 4.91 | 5.28 | 0.90 | 0.08 |
Key Performance Indicators (KPIs)
EBITDA
11.64%
PAT
8.13%
ROE
139.17%
ROCE
35.03%
Debt to Equity
2.32
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
100.00%
Public
0.00%
Management
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: EPW India Limited
Address: Shop No. 131 & 132, Ground Floor, C-Block Chenoy Trade Center, Parklane, Hyderabad, Secunderabad, Telangana, India, 500003
Number: 79934 39988
Email: compliance@epwindia.com
Website: https://epwindia.com/
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How to apply EPW India IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply EPW India IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply EPW India IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select EPW India IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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