EPW India Limited Link 
Allotment
EPW India is launching its IPO through a book-built issue aggregating to ₹31.81 crores. The offering consists solely of a fresh issuance of 0.33 crore equity shares, with no offer for sale component.
The IPO will open for investor subscriptions on December 22, 2025, and will close on December 24, 2025. The basis of allotment is likely to be completed by December 26, 2025, while the equity shares are proposed to be listed on the NSE SME platform, with a tentative listing date of December 30, 2025.
The price band for the EPW India IPO has been fixed between ₹95 and ₹97 per share. Each application must be made in lots of 1,200 shares. At the upper end of the price band, retail investors are required to invest a minimum of ₹2,32,800 for 2,400 shares. For HNI applicants, the minimum investment is three lots, or 3,600 shares, amounting to ₹3,49,200.
GetFive Advisors Pvt. Ltd. is acting as the book running lead manager for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar. SMC Global Securities Ltd. will serve as the market maker for the IPO.
₹97
0%
Open
₹97
HIgh - Low
₹97
Previous Close
₹97
Total Traded Value
0
52 Weeks High
₹97
52 Weeks Low
₹97
Updates On
Dec 15, 2025
IPO. Open
Dec 22, 2026
IPO. Close
Dec 24, 2026
IPO. Price
₹97.00
IPO Market price
₹111.35 Cr
IPO Details
| IPO Date | 30 Dec |
| IPO Listing Date | 30 Dec |
| IPO Face Value | ₹5 per share |
| IPO Price Range | ₹97.00 |
| IPO Issue Size | 32,79,600 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 82,00,000 shares |
IPO Timeline
| IPO Open Date | 22 Dec |
| IPO Close Date | 24 Dec |
| IPO Allotment (Tentative) | 26 Dec |
| Refunds | 29 Dec |
| Credit to Demat Account | 29 Dec |
| IPO Listing Date | 30 Dec |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 15,55,200 (47.42%) Shares |
| NII (HNI) Shares Offered | 4,68,000 (14.27%) Shares |
| Retail Shares Offered | 10,92,000 (33.30%) Shares |
IPO Lot Size
Investors can place bids for a minimum of 2,400 shares, and in multiples of 1,200 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,32,800 |
| Retail (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 operates in the IT electronics refurbishment space, offering cost-effective refurbished laptops, desktops, Chromebooks, monitors, and related accessories through both B2B and direct-to-consumer sales channels. The company sources used IT equipment and restores it to near-new condition before supplying it to end customers.
The refurbishment activities are carried out at its 4,500 sq. ft. in-house facility, supported by a trained workforce of 32 technicians. Each device undergoes a structured 15–20 day refurbishment cycle that includes detailed testing, repairs, thorough cleaning, and software installation to ensure consistent quality standards. Through this process, EPW India focuses on providing dependable, environmentally responsible, and value-driven IT solutions.
During FY 2025, the company derived approximately 54.29% of its revenue from the B2C segment, while the remaining 45.20% came from B2B operations.
Company Financials (Consolidated)
| Assets | 42.49 | 26.55 | 8.1 |
| Total Income | 44.04 | 53.34 | 18.55 |
| Profit After Tax | 4.02 | 4.33 | 0.74 |
| EBITDA | 6.37 | 6.21 | 1.03 |
| NET Worth | 9.23 | 5.28 | 0.95 |
| Reserves and Surplus | 5.13 | 5.18 | 0.85 |
| Total Borrowing | 16.96 | 12.25 | 0.23 |
Key Performance Indicator (KPI)
| ROE | 139.17% |
| ROCE | 35.03% |
| Debt/Equity | - |
| RoNW | 82.06% |
| PAT Margin | 8.13% |
| EBITDA Margin | 11.64% |
| Price to Book Value | 15.06 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 15.85 |
| 3 | To meet out the General Corporate Purposes; | 3.65 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
EPW India Limited.
Shop No. 131 & 132, Ground Floor,
C-Block Chenoy Trade Center, Parklane,
Hyderabad, Secunderabad, Telangana,
India, 500003
Phone: 79934 39988
Email: compliance@epwindia.com
Website: https://epwindia.com/
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
The EPW India IPO will open for subscription on December 22, 2025, and close on December 24, 2025, with allotment expected on December 26, 2025.
The IPO price band is ₹95 to ₹97 per share. Retail investors must apply for a minimum of 2,400 shares, requiring an investment of ₹2,32,800 at the upper band.
EPW India shares are proposed to be listed on the NSE SME platform, with a tentative listing date scheduled for December 30, 2025.
EPW India operates in IT electronics refurbishment, supplying refurbished laptops, desktops, and accessories through B2B and B2C channels, focusing on cost-effective and environmentally responsible solutions.
The IPO proceeds will be used to meet working capital requirements, repay existing banking facilities, and fund general corporate purposes to support business growth and operational stability.
Compare:
