EPW India Limited IPO

EPW India Limited IPO

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹95 - ₹97

Total Issue

₹31.81 Cr

Bid Dates

22 Dec - 24 Dec

Subscription

1.39x

Est. GMP

₹2.5 (2.58%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

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.

Lot Info

Lot Information for EPW India IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,32,800
Individual (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
Market Maker
1,64,400 EQ. Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹31.81 Cr
Fresh Issue
₹31.81 Cr (0.33 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹2.5
Est. Price ₹99.50
Est. Gain 2.58%

EPW India IPO Peer Comparison

(Rs. in crores)

EPW India IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for EPW India IPO
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

KPIs

EBITDA

11.64%

PAT

8.13%

ROE

139.17%

ROCE

35.03%

Debt to Equity

2.32

PE Ratio

19.25

PB Ratio

15.67

Mkt Cap (in Crs.)

111.35

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

100.00%

Public

0.00%

Yousuf Uddin 38.00%
Mohd Zaki Uddin 29.00%
Mohd Fasi Uddin 29.00%
Others 4.00%

Management

Yousuf Uddin Chairman & MD
Syed Hussani CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Lead Managers (1)

Getfive Advisors Getfive Advisors

Subscription Status

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 Investor 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.

Frequently Asked Questions

What is EPW India IPO?
EPW India IPO is a SME IPO having an issue size of ₹31.81 Crs. EPW India IPO is priced at ₹95 - ₹97 per share. The issue opens on 22 Dec 25 and closes on 24 Dec 25.
When will EPW India IPO open?
EPW India IPO opens on 22 Dec 25 and closes on 24 Dec 25.
What is the GMP of EPW India IPO?
The estimated Grey Market Premium of EPW India IPO is ₹2.5 per share (2.58%).
What is the lot size of EPW India IPO?
The minimum lot size of EPW India IPO is 1200 shares & the minimum application amount is Rs. 116400.
When is the allotment of EPW India IPO?
The allotment date of EPW India IPO is 26 Dec 25.
What is the listing date of EPW India IPO?
The listing date of EPW India IPO is 30 Dec 25.
What is the subscription of EPW India IPO?
EPW India IPO is subscribed 1.39 times.
What is the price band of EPW India IPO?
EPW India IPO is priced at ₹95 - ₹97 per share.
How to check allotment status of EPW India IPO?
Click the allotment link on EPW India IPO page of IPO360.
How to apply EPW India IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply EPW India IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply EPW India IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select EPW India IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date