Eppeltone Engineers IPO

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

Eppeltone Engineers IPO Lot Size

Eppeltone Engineers IPO Promoter Holding

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

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:

Eppeltone Engineers IPO Prospectus

• Eppeltone Engineers IPO DRHP
• Eppeltone Engineers IPO RHP

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

• Contact Number: 02228511022
• Email Address: ipo@skylinerta.com

Eppeltone Engineers IPO Registrar