EPW India IPO Details

SME

EPW India IPO opens for subscription on 22 Dec 2025 and closes on 24 Dec 2025. The IPO will be listed on NSE with the tentative listing date set for 30 Dec 2025.

EPW India IPO price band has been fixed at ₹95 – ₹97 per share.The face value is ₹5 per share with a lot size of 1200.

EPW India IPO total issue size comprises 32,79,600 shares (aggregating up to ₹31.81 Cr.). This includes a fresh issue of 1,64,400 shares (aggregating up to ₹1.59 Cr.). Offer for Sale consists of 31,15,200 shares (aggregating up to ₹30.22 Cr.). Pre-issue shareholding stands at 82,00,000, which will increase to 1,14,79,600 post-issue.

EPW India IPO carries a ₹2 (2.06%) GMP, reflecting investor sentiment.

EPW India IPO Lot Size : Individual Minimum is 2 lots (2,400 shares) amounting to ₹232,800. Individual Maximum is 2 lots (2,400 shares) amounting to ₹232,800. SHNI Minimum is 3 lots (3,600 shares) amounting to ₹349,200. SHNI Maximum is 8 lots (9,600 shares) amounting to ₹931,200. BHNI Minimum is 9 lots (10,800 shares) amounting to ₹1,047,600.

The Lead Managers for EPW India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GetFive Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Smc Global Securities Ltd. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the EPW India Limited RHP.

EPW India IPO Details

Listing Price : ₹111 at a Premium of 14.43%

Open Date

22 Dec 2025

Close Date

24 Dec 2025

Listing Date

30 Dec 2025

Issue Price

₹95 - ₹97

Face Value

₹5 per share

Lot Size

1200

GMP

₹2 (2.06%)

Issue Type

IPO

Listing On

NSE

Type

Book Built Issue

Share holding pre issue

8200000

Share holding post issue

11479600

Total Issue Size

32,79,600 shares (aggregating up to ₹31.81 Cr.)

Fresh Issue

1,64,400 shares (aggregating up to ₹1.59 Cr.)

Offer for Sale

31,15,200 shares (aggregating up to ₹30.22 Cr.)

EPW India IPO Subscription

EPW India IPO Application Wise Breakup

EPW India IPO Dates

22 Dec 2025
Opening dateOpen
24 Dec 2025
Closing dateClose
26 Dec 2025
Allotment Date Allotment
29 Dec 2025
Initiation of RefundsRefund
29 Dec 2025
Credit of SharesCredit
30 Dec 2025
Listing dateListing

EPW India IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	2400	₹232,800
Individual Maximum	2	2400	₹232,800
SHNI Minimum	3	3600	₹349,200
SHNI Maximum	8	9600	₹931,200
BHNI Minimum	9	10800	₹1,047,600

EPW India IPO Reservation

Promoter Holding

Pre Issue:100%

Post Issue:71.43%

Promoter Names:

Yousuf Uddin, Mohd. Fasi Uddin, Mohd. Zaki Uddin

Documents

› EPW India IPO DRHP

› EPW India IPO RHP

› Anchor Investors in EPW India IPO

› EPW India IPO BOA

EPW India IPO Valuations

ROE:139.17%

ROCE:35.03%

DEBT/EQUITY:2.32

RONW:82.06%

PAT MARGIN:8.13%

PRICE TO BOOK VALUE:15.06

P/E Pre IPO:18.36

P/E Post IPO:14.37

EPW India Financial Information

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	36.76	27.20	8.10	6.25
Total Income	21.99	53.34	18.55	6.66
Profit After Tax	1.94	4.33	0.74	0.06
EBITDA	3.04	6.21	1.03	0.11
NET Worth	7.14	5.28	0.95	0.21
Reserves and Surplus	7.05	5.18	0.85	0.11
Total Borrowing	18.15	12.25	0.23	0.58
Amount in ₹ Crore

About EPW India IPO

EPW India is an information technology electronics refurbishing company engaged in the procurement, refurbishment, and resale of laptops, desktops, Chromebooks, monitors, and related IT accessories. The Company operates across both business-to-business (B2B) and direct-to-consumer (B2C) segments, providing affordable and reliable refurbished IT products to a wide customer base.

The Company sources used laptops, desktops, Chromebooks, and peripherals, which are refurbished to near-new condition through a structured refurbishment process. EPW India operates an in-house refurbishment facility spanning approximately 4,500 square feet and employs a skilled technical workforce to ensure consistent quality standards. Each product undergoes a comprehensive refurbishment cycle of 15–20 days, including testing, repair, cleaning, quality checks, and software installation before being made available for sale.

EPW India focuses on delivering cost-effective and sustainable IT solutions, supporting the circular economy by extending the lifecycle of electronic products while reducing e-waste. The Company emphasizes operational efficiency, product reliability, and affordability to cater to individual consumers, enterprises, and institutional buyers.

In Fiscal 2025, the Company derived approximately 54.29% of its revenue from the B2C segment, while the remaining 45.20% was generated from B2B sales. As of the reporting period, EPW India employed a team of 32 technicians supporting its refurbishment and operational activities.

Strength Of EPW India IPO

Wide Range of Products.
Experienced Team of Individuals.
Reliable Warranty Service.
Multiple Sales Channels.
Experienced Promoters and Management Expertise.

Risk Of EPW India IPO

The company may be adversely affected by its dependence on IT Supplies, exposure to price volatility, and the absence of long-term supply contracts.
The company does not own the premises in which its registered office is located and the same are on lease arrangement. Any termination of such lease/ license and/ or non-renewal thereof and attachment by Property Owner could adversely affect our operations.
Inability to effectively manage inventory levels and fluctuations in prices of key components used in the refurbishment process may increase its operational costs and adversely impact the company business, profitability and cash flows.
The Company's business model is highly dependent on a reliable and efficient supply chain for the procurement of used laptops, components and other materials necessary for the refurbishment process. Any disruption in this supply chain may have a significant negative impact on the Company's operations, production schedules, and financial performance.
The company may not be able to successfully manage the growth of its business if the company is unable to maintain adequate internal systems, processes and controls.
The company policy of providing product warranties exposes it to potential costs associated with returns, replacements, and disputes, which may adversely affect its profitability and operational results.
If the company is unable to maintain and enhance its brand and reputation, the sales of the company services may suffer which would have a material adverse effect on its business operations.
The company failures to achieve adequate sales from its stores could adversely affect the company business and results of operations.
The company business is labour-intensive, and any disruption due to workforce-related issues such as strikes, attrition, or rising wage pressures could adversely affect its operations, costs, and financial performance.
The company business is working capital intensive, and any shortfall in meeting its working capital requirements may adversely impact the company operations, growth plans, and financial condition.