EPW India came to market through an SME IPO that opened on 22 December 2025 and closed on 24 December 2025, and the shares listed on 30 December 2025 on NSE SME. The price band was ₹95 to ₹97 per share and one lot was 1200 shares, so the minimum application was ₹1,16,400. The issue size was ₹31.81 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and GetFive Advisors Pvt.Ltd was the lead manager.
As of 24 December 2025.
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EPW India is an Information Technology electronics refurbishing firm, dealing in cheap refurbed laptops, desktops, Chromebook, computer monitors, and computer accessories offered through B2B or direct sales. The firm buys computers such as laptops, desktops, Chromebook, or computer peripherals, refurbishes them to a new machine, then sells the products directly to their client. It has its own refurbishment lab with a 4,500 sq. ft.
area, and with a team of 32 technicians, they make sure each item goes through a testing and cleaning process from 15 to 20 days prior to its sale. It aims to provide sustainable, reliable, and affordable information technology products. During FY 2025, It derived 54.29% revenue from the B2C segment and the remaining 45.20% from the B2B segment
As described in the offer document.
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Yousuf Uddin, Mohd. Fasi Uddin, Mohd. Zaki Uddin. Promoter holding 100% before the issue and 71.43% after.
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.
EPW India IPO was a ₹31.81 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹95–₹97 per share with a lot size of 1,200 shares; the minimum retail application was 2,400 shares (₹2,32,800). The IPO was open from December 22 to December 24, 2025 and was subscribed 1.39x. Shares listed on NSE SME on December 30, 2025 at ₹111, a 14.4% premium to the issue price of ₹97. Bigshare Services Pvt. Ltd. is the registrar.
GetFive Advisors Pvt. Ltd. is the book running lead manager.
The price band of EPW India IPO is ₹95 to ₹97 per share.
The lot size of EPW India IPO is 1200 shares.
The minimum investment for EPW India IPO is approximately ₹2,32,800 based on the upper price band.
The allotment date of EPW India IPO is Dec 26, 2025.
You can check EPW India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the EPW India IPO allotment status on Rupix for quick and easy access.
₹95 to ₹97 per share, against a face value of ₹5. 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 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,16,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,16,400, for one lot of 1200 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 22 December 2025 and closed on 24 December 2025.
The basis of allotment was published on 26 December 2025 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 December 2025 on NSE SME.
The issue size was ₹31.81 crore. The fresh issue was 32,79,600 shares (aggregating up to ₹31.81 crore).