Citius TransNet Investment Trust IPO...
10 Apr, 2026
EPW India IPO
EPW India IPO is a book-building issue of ₹31.81 cr, which is entirely a fresh issue of shares. The price band is set at ₹95 to ₹97 per share and the lot size for an application is 1,200. The minimum amount required by an individual investor is ₹2,32,800 (2,400 shares). The IPO will open for subscription on December 22, 2025 and closes on December 24, 2025 and will list on the NSE SME platform.
Company Background
EPW India Ltd. was incorporated in 2021. This company is an IT electronics refurbishing company offering affordable refurbished laptops, desktops, Chromebooks, monitors and accessories using two different supply chain methods (B2B and direct-to-consumer channels). It operates a 4,500 sq. ft. in-house refurbishment facility with 32 skilled technicians, where products undergo a 15–20 process that makes their service more effective and trustworthy.
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.
EPW India IPO GMP
| 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.**
EPW India IPO Details
| Detail | Description |
|---|---|
| IPO Date | 22 to 24 Dec, 2025 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Issue Price Band | ₹95 to ₹97 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 32,79,600 shares (agg. up to ₹31.81 Cr) |
| Reserved for Market Maker | 1,64,400 shares (agg. up to ₹1.59 Cr) SMC Global Securities Ltd. |
| Fresh Issue(Ex Market Maker) | 31,15,200 shares (agg. up to ₹30.22 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 82,00,000 shares |
| Share Holding Post Issue | 1,14,79,600 shares |
EPW India IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Dec 22, 2025 |
| IPO Close Date | Wed, Dec 24, 2025 |
| Tentative Allotment | Fri, Dec 26, 2025 |
| Initiation of Refunds | Mon, Dec 29, 2025 |
| Credit of Shares to Demat | Mon, Dec 29, 2025 |
| Tentative Listing Date | Tue, Dec 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 24, 2025 |
EPW India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,32,800 |
| Individual investors (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 IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • The company plans to deploy ₹15.85 cr for working capital requirements and utilise ₹8.50 cr to repay banking facilities, improving its overall financial position.
- • At 71.43% post IPO promoter holding, there is continued skin in the game when it comes to shareholder interests.
- • The support of seasoned professionals, Bigshare Services as registrar and GetFive Advisors as lead manager, facilitates efficient implementation.
EPW India IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 42.49 | 44.04 | 4.02 | 9.23 | - | 16.96 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 26.55 | 53.34 | 4.33 | 5.28 | - | 12.25 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 8.10 | 18.55 | 0.74 | 0.95 | - | 0.23 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 6.25 | 6.66 | 0.06 | 0.21 | - | 0.58 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 139.17% |
| ROCE | 35.03% |
| Debt/Equity | 2.32 |
| RoNW | 82.06% |
| PAT Margin | 8.13% |
| EBITDA Margin | 11.64% |
| Price to Book Value | 15.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.28 | 7.01 |
| P/E (x) | 18.36 | 13.84 |
Conclusion
EPW India Ltd. IPO gives an opportunity to invest in a company that has growth potential and is looking for proceeds for better operational efficiency and lower debt, too. This SME offer has grown in its industry, firmly in its sights through the smart use of capital. Investors benefit from the well-organised effort of scaling into India's vibrant markets.
RHP:
View RHPDRHP:
View DRHPMerchant Banker
Learn about IPO fundamentals in our IPO Process guide. Check upcoming IPOs in the IPO Calendar Explore our Project Funding Services, Mainline IPO Consultant, Pre IPO Process Guidance for IPO guidance.
Read More IPO Reviews
