Eppeltone Engineers came to market through an SME IPO that opened on 17 June 2025 and closed on 19 June 2025, and the shares listed on 24 June 2025 on NSE SME. The price band was ₹125 to ₹128 per share and one lot was 1000 shares, so the minimum application was ₹1,28,000. The issue size was ₹43.96 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Expert Global Consultants Private Limited was the lead manager.
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Established in 1977, Eppeltone Engineers Limited deals in the production of electronic energy meters, such as smart meters, in addition to other power conditioning equipment like UPS systems and high-quality chargers renowned for its wide range of products, ranging from AVR, MCBs, and transducers, where it first dealt in Switch Mode Power Supplies (SMPS) for computers and other electronics, it has greatly increased its product base to meet both industrial and consumer applications, focusing on energy management solutions.
The firm is a certified company involved in designing and providing static watt hour meters, smart meters, water meters, BPL kits, UPS systems, LED luminaries, battery management systems, chargers, packs, software development, 4.5KW regulated emergency chargers, short neutral section assemblies, lightweight insulator assemblies, modular cantilever systems, and auto tensioning devices.The Company is in the B2B segment and most of its products and services are to Government Entities, which comprise the majority of our transactions.
The company also supply products to private sector firms, supplying Non-Government and Government organizations in different industries.Eppeltone's diversified product line serves different sectors, such as electricity utilities, industries, commercial establishments, and household consumers. The main manufacturing facility of the company is a 36,000 sq. ft. factory in Greater Noida, Uttar Pradesh that houses the main production and innovation hub.There are ancillary units of Eppeltone Engineers located in Noida and Okhla, New Delhi.
These ancillary units supplement the main facility by undertaking special manufacturing processes, quality checks, and research and development (R&D) functions. As of March 31, 2024, the company employed 59 permanent staff.
As described in the offer document.
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Rohit Chowdhary, Deven Chowdhary, Reshu Chowdhary. Promoter holding 83.69% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Eppeltone Engineers IPO was a ₹43.96 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹125–₹128 per share with a lot size of 1,000 shares (₹1,28,000). The IPO was open from June 17 to June 19, 2025. Shares listed on NSE SME on June 24, 2025 at ₹243.20, a 90.0% premium to the issue price of ₹128. Skyline Financial Services Private Ltd is the registrar.
Expert Global Consultants Private Limited is the book running lead manager.
The price band of Eppeltone Engineers IPO is ₹125 to ₹128 per share.
The lot size of Eppeltone Engineers IPO is 1000 shares.
The minimum investment for Eppeltone Engineers IPO is approximately ₹1,28,000 based on the upper price band.
The allotment date of Eppeltone Engineers IPO is Jun 20, 2025.
Eppeltone Engineers IPO's final recorded GMP before listing was ₹85 per share (a 66% premium over the ₹128 upper price band). The shares listed at ₹243.2. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Eppeltone Engineers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Eppeltone Engineers IPO allotment status on Rupix for quick and easy access.
₹125 to ₹128 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,28,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,28,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 June 2025 and closed on 19 June 2025.
The basis of allotment was published on 20 June 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 June 2025 on NSE SME.
The issue size was ₹43.96 crore. The fresh issue was 34,34,000 shares (aggregating up to ₹43.96 crore).