Influx Healthtech Limited IPO...
19 Jun, 2025
Eppeltone Engineers Limited IPO
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).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Eppeltone Engineers Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Eppeltone Engineers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 17, 2025 to June 19, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹128 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 34,34,000 shares (aggregating up to ₹43.96 Cr) |
| Fresh Issue | 34,34,000 shares (aggregating up to ₹43.96 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 95,25,312 shares |
| Share Holding Post Issue | 1,29,59,312 shares |
| Market Maker Portion | 1,72,000 shares |
Eppeltone Engineers Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jun 17, 2025 |
| IPO Close Date | Thu, Jun 19, 2025 |
| Tentative Allotment | Fri, Jun 20, 2025 |
| Initiation of Refunds | Mon, Jun 23, 2025 |
| Credit of Shares to Demat | Mon, Jun 23, 2025 |
| Tentative Listing Date | Tue, Jun 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 19, 2025 |
Eppeltone Engineers Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,28,000 |
| Retail (Max) | 1 | 1000 | ₹1,28,000 |
| HNI (Min) | 2 | 2000 | ₹2,56,000 |
Eppeltone Engineers Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 83.69% | - |
Competitive Strength:
- ● Certified and Cost-Effective Solutions
- ● Diverse Product Portfolio
- ● Strong Government and B2B Relationships
- ● Financial Growth
Eppeltone Engineers Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 123.8 | 125.74 | 11.23 | 40 | 30.54 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 69,82,550.00 | 80.04 | 8 | 20.4 | 16.31 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 43.73 | 72.99 | 1.09 | 11.49 | 12.68 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 41% |
| ROCE | 43% |
| Debt/Equity | 0.79 |
| RoNW | 40.79% |
| PAT Margin | 10.75 |
| Price to Book Value | 2.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 11.79 | 8.67 |
| P/E (x) | 10.86 | 14.77 |
IPO Objectives
The primary objectives of the IPO are:
- To meet working capital requirements (₹30 crore, ~68% of proceeds)
- ₹5 crore, which is around 11% of the proceeds, will be used for capital expenditure for the installation of additional machinery.
- General corporate purposes and issue-related expenses.
Conclusion
Eppeltone Engineers Limited presents itself as a well-established player in the electronic metering and power conditioning segment, with a strong government and B2B client base. The IPO aims to fuel its next phase of growth, primarily through capacity expansion and working capital infusion. While the company boasts a diversified product portfolio and strong financials, investors should consider its client concentration risk and the absence of long-term supply contracts before making an investment decision.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. What are the IPO dates for Eppeltone Engineers Limited?
The initial public offering (IPO) will commence on June 17, 2025 and close on June 19, 2025.
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2. What is the IPO's pricing range and lot size?
The price range for each share is ₹125–₹128. 1,000 shares is the minimum lot size and the upper band requires a ₹1,28,000 investment.
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3. How much is Eppeltone Engineers looking to raise from the IPO?
The total issue size is approximately ₹43.96 crore, entirely through a fresh issue of shares.
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4. Who are the promoters of Eppeltone Engineers Limited?
The promoters are Mr. Rohit Chowdhary and Mr. Deven Chowdhary.
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5. What will the IPO proceeds be used for?
The proceeds will be used for working capital, capital expenditure for new machinery and general corporate purposes.
