Eppeltone Engineers Limited IPO GMP, Date, Price Band & Review

Offering (IPO) by issuing 34.34 lakh equity shares. The IPO will take place between June 17 to June 19, 2025 and the pricing range for each share is ₹125 to ₹128. A minimum lot size of 1,000 shares is required for retail investors, while at the maximum price band, it will make an investment of ₹1,28,000. Shares will be listed on the NSE SME Emerge platform with a tentative listing date of June 24, 2025.

Company Background

Eppeltone Engineers Limited was established in 1977 and is involved in the design, production and distribution of power conditioning equipment and electronic energy meters, including smart meters. The company primarily operates in the B2B segment, catering to government utilities, private sector organizations and various industries.

Operations & Product Range

Facility & Production:
Eppeltone Engineers operates a 36,000 sq. ft. manufacturing facility in Greater Noida, Uttar Pradesh. Additionally, the business has R&D and support facilities in Noida and Okhla, New Delhi, with an emphasis on innovation and quality assurance.

Brands & Market Presence:
The company has established a solid reputation and now supplies top government utilities and big contractors all over India. Its product offerings can be seen in power companies, factories, malls, and even in homes. Key products include UPS units and smart chargers, AVRs and MCBs, watt-hour and water meters, BPL kits, LED lights, battery management gear, controlled emergency chargers, smart tensioning tools, and modular cantilever frames.

Revenue Channels

Eppeltone Engineers primarily generates revenue through the sale of its products to government entities and private sector clients, mainly in the B2B segment. The company’s revenue from operations grew by 57% year-on-year to ₹125.74 crore in FY 2024-25, with a profit after tax (PAT) growth of 37.62% for the same period. Its top ten clients contribute over 85% of its revenue.

Management & Shareholding

Promoters & Shareholding:
The company is promoted by Mr. Rohit Chowdhary and Mr. Deven Chowdhary. Promoters are holding 83.69% of the company’s shares pre-issue.

Board Members:
Among the board members of the company, there are Reshu Chowdhary (Chairperson), Rohit Chowdhary (Managing Director), Deven Chowdhary (Whole Time Director), Sandeep Thukral and Jyoti Bala (Independent Directors). Key management personnel are Rishab Nagpal (CFO) and Megha Sharma (Company Secretary & Compliance Officer).