IPO Details

Bidding Dates

17 Jun '25 - 19 Jun '25

Minimum Investment

₹1,28,000 / 1 Lot (1000 Shares)

Price Range

₹125 – ₹128

Maximum Investment

₹1,28,000 / 1 Lot (1000 Shares)

Retail Discount

To be announced

Issue Size

₹43.96 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Eppeltone Engineers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 17, 25

IPO Closing Date

Jun 19, 25

Basis of Allotment

Jun 20, 25

Initiation of Refunds

Jun 23, 25

IPO Listing Date

Jun 24, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 16, 2025

 1.20 6.59 13.05 8.28

Day 2Jun 17, 2025

 2.50 39.61 55.52 36.97

Day 3Jun 18, 2025

 132.23 627.14 245.46 295.02

About Eppeltone Engineers IPO

Eppeltone Engineers IPO is a book-built issue worth ₹43.96 crore. The IPO consists entirely of a fresh issue of 34.34 lakh equity shares. The IPO opens for subscription on June 17, 2025, and closes on June 19, 2025. The allotment is expected to be finalised on June 20, 2025, with tentative listing on NSE SME scheduled for June 24, 2025.

The IPO is priced in a band of ₹125 - ₹128 per share. Retail investors must apply for a minimum of 1 lot comprising 1000 shares, requiring an investment of ₹1,28,000 at the cutoff price. HNI investors must apply for a minimum of 2 lots (2000 shares), amounting to ₹2,56,000.

Expert Global Consultants Private Limited is the book-running lead manager to the issue, and Skyline Financial Services Private Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Eppeltone Engineers IPO RHP.

Industry Outlook

  1. India’s electricity infrastructure is undergoing a transformative shift, driven by the government’s ambitious push towards smart metering and grid modernisation. This evolution is central to enhancing energy efficiency, reducing transmission losses, and improving billing transparency across the power distribution network.
  2. The National Smart Grid Mission (NSGM) and the Revamped Distribution Sector Scheme (RDSS) are pivotal government initiatives aimed at deploying 250 million smart meters by 2027. As of January 2024, only 3.02 million smart meters had been installed, indicating substantial headroom for growth. These programmes are not only modernising the grid but also fostering a robust ecosystem involving manufacturers, system integrators, and service providers.
  3. The competitive landscape is dynamic, with global giants such as Siemens, Schneider Electric, and L&T dominating the high-value transmission and distribution segments. Simultaneously, domestic players like Genus Power and HPL Electric are gaining traction in the smart meter manufacturing space, leveraging the “Make in India” initiative to offer cost-effective solutions. This has led to a fragmented yet vibrant market where cost competitiveness, technological innovation, and strategic partnerships are key differentiators.
  4. System integrators and technology providers play a crucial role in ensuring seamless deployment and integration of smart metering infrastructure. Their ability to manage complex networks and deliver reliable data analytics is becoming increasingly vital.

Eppeltone Engineers IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Augment working capital reserves to support the company’s expanding manufacturing operations, ensuring uninterrupted procurement of raw materials, streamlined production cycles, and enhanced liquidity management.
  2. Invest in capital expenditure for the installation of advanced machinery at its Greater Noida facility, thereby increasing production capacity and enabling the company to meet rising demand for electronic energy meters.
  3. Address general corporate requirements, including administrative expenses, brand development, and strategic initiatives aimed at operational efficiency and long-term sustainability.
  4. Elevate corporate visibility and market credibility through public listing, facilitating broader investor engagement and enabling future capital mobilisation and strategic collaborations.

About Eppeltone Engineers Limited

Eppeltone Engineers Limited was originally incorporated as Eppeltone Engineers Private Limited on 18 September 2002 under the Companies Act, 1956. It was subsequently converted into a public limited company and renamed Eppeltone Engineers Limited on 19 June 2024.

The company is engaged in the manufacturing of electronic energy meters and power conditioning devices, including high-grade chargers and uninterruptible power supply (UPS) systems. Its products cater to a wide range of institutional, industrial, and utility customers across India.

With a strong emphasis on quality and performance, Eppeltone operates a dedicated manufacturing facility in Greater Noida, Uttar Pradesh. The company has developed a reputation for delivering high-precision, reliable metering solutions, and has secured approvals from over 30 state electricity distribution companies (DISCOMs) and several central public sector undertakings.

Eppeltone’s operations are primarily focused within India, with a significant presence in states such as Gujarat, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, and Delhi. The company’s growth strategy is underpinned by its commitment to technological advancement, operational excellence, and customer satisfaction.

By leveraging its established industry credentials and expanding production capabilities, Eppeltone Engineers Limited aims to strengthen its position in the smart metering and power electronics sector, capitalising on the growing demand for energy efficiency and digital infrastructure in India’s power distribution landscape.

How To Check the Allotment Status of the Eppeltone Engineers IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Eppeltone Engineers IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Eppeltone Engineers IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Eppeltone Engineers IPO

Registered office: A-57, Defence Colony, New Delhi – 110024, Delhi, India

Phone: +91 98110 50241

E-mail: cs@eppeltone.in

Eppeltone Engineers IPO Reservation

Investor Category

Shares Offered

QIB Shares Offered

Not more than 50% of the Net Issue

Retail Shares Offered

Not less than 35% of the Net Issue

NII (HNI) Shares Offered

Not less than 15.00% of the Net Issue

Eppeltone Engineers 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 IPO Promoter Holding

The promoters of the company are Rohit Chowdhary, Deven Chowdhary and Reshu Chowdhary.

Share Holding Pre-Issue

83.69%

Share Holding Post Issue

-

Key Performance Indicators for Eppeltone Engineers IPO

The market capitalisation of Eppeltone Engineers IPO is Rs 165.88 Cr. Here are the KPIs of Eppeltone Engineers:

KPI

Value

EBITDA Margin (%)

14.30

PAT Margin (%)

9.03

Return on Net Worth (RoNW) (%)

28.08

Return on Capital Employed (RoCE) (%)

23.37

Eppeltone Engineers IPO Prospectus

Eppeltone Engineers IPO Registrar and Lead Managers

Eppeltone Engineers IPO Lead Managers

  • Expert Global Consultants Private Limited

Registrar for Eppeltone Engineers IPO

Skyline Financial Services Private Limited

Eppeltone Engineers IPO Registrar

Financial Performance of Eppeltone Engineers Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue Growth (%) 58.48 8.00 (12.06)
PAT Margin (%) 9.03 10.40 1.49
EBITDA Margin (%) 14.30 16.66 4.01
Return on Net Worth (RoNW) (%) 28.08 40.00 9.45
Return on Capital Employed (%) 23.37 33.51 9.08
Debt to Equity Ratio (times) 0.76 0.8 1.1
Interest Coverage Ratio (times) 6.55 5.77 2.11

Know before investing

Strengths

8

  1. Proven track record in executing complex Engineering, Procurement and Construction (EPC) projects across multiple industries.

  2. Strong foothold in power, iron & steel, mining, bioenergy, and infrastructure sectors.

  3. Healthy order book of ₹5,732.87 lakhs as of March 31, 2025, indicating strong revenue visibility.

  4. Led by seasoned promoters with deep industry knowledge and operational experience.

  5. Project execution across key Indian states and select international markets like Mauritius and UAE.

  6. Integrated services including design, fabrication, erection, and commissioning of BoP systems.

  7. Significant share of revenue from public sector undertakings, ensuring stability and scale.

  8. Proceeds to be used for working capital and corporate purposes, enabling operational expansion and improved liquidity.

Risks

8

  1. Significant revenue dependence on a few key customers increases business vulnerability.

  2. Absence of long-term agreements with clients or suppliers may impact revenue stability.

  3. Delays, cost overruns, or cancellations in EPC projects could affect profitability.

  4. Heavy reliance on government contracts exposes the company to policy and budgetary shifts.

  5. High working capital requirements may strain liquidity and increase borrowing costs.

  6. Operations concentrated in select Indian states and limited overseas exposure pose regional risk.

  7. International transactions expose the company to currency fluctuation risks.

  8. Ongoing legal proceedings and past regulatory delays may affect reputation and operations.

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Eppeltone Engineers Limited Peer Details Comparison

Name of the Company Basic EPS (₹) Face Value (₹) NAV per Share (₹) Total Income (₹ in lakhs)
Eppeltone Engineers Limited 8.57 10 48.14 8,004.18
Akanksha Power and Infrastructure Ltd 1.82 10 24.35 5,325.66
Rishabh Instruments Limited 10.71 10 146.32 68,974.60
Genus Power Infrastructures Ltd 3.61 1 35.49 1,20,058.25

Eppeltone Engineers IPO FAQs

What is the Eppeltone Engineers IPO?

Eppeltone Engineers IPO is a book-built issue IPO. It will be open from June 17, 2025, to June 19, 2025. 

When will the Eppeltone Engineers IPO be allotted?

The Basis of Allotment will happen on Friday, June 20, 2025.  

When will the Eppeltone Engineers IPO open for subscription?

The IPO subscription window will open on June 17, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1000 shares. 

When will Eppeltone Engineers Limited list on exchanges?

The listing date for Eppeltone Engineers Limited is Tuesday, June 24, 2025. 

What is the issue size of the Eppeltone Engineers IPO?

The issue size of the Eppeltone Engineers IPO is up to ₹43.96 crores, consisting of a fresh issue of 34.34 lakh shares. 

What are the open and close dates of the Eppeltone Engineers IPO?

The open and close dates for Eppeltone Engineers IPO are from June 17, 2025, to June 19, 2025. 

What would be the listing gains on the Eppeltone Engineers IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a Eppeltone Engineers IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Eppeltone Engineers IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Eppeltone Engineers Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Eppeltone Engineers Limited's financial statements?

To read Eppeltone Engineers ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for Eppeltone Engineers Limited IPO?

Pre-apply allows investors to apply for the Eppeltone Engineers IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Eppeltone Engineers Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Eppeltone Engineers Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.  

Who is the registrar of Eppeltone Engineers IPO?

Skyline Financial Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Eppeltone Engineers IPO getting listed?

Eppeltone Engineers Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).