Robust ₹44 Cr Eppeltone Engineers IPO Opens Strong with Growth Focus

Eppeltone Engineers IPO: Eppeltone Engineers Limited, a Noida-based power electronics and smart metering solutions provider, is launching its SME IPO on the NSE Emerge platform to raise ₹43.96 crore through a 100% fresh issue. With a strong presence in B2B segments like energy meters, UPS systems, and railway signaling equipment, the company aims to use the proceeds for working capital and capacity expansion. The issue opens on June 17, 2025, and will close on June 19, with listing scheduled for June 24.

Eppeltone Engineers IPO: Overview

• Company: Eppeltone Engineers Limited

• Industry: Energy & power‑management equipment

• Business Model: Manufactures and supplies electronic energy meters (static and smart), power‑conditioning devices (UPS, chargers), LED lighting, railway/power-sector equipment to B2B customers, including government utilities.Issue Size: ₹43.96 crore (entirely fresh issue)

• Face Value: ₹10 per share

• Type: Pure Fresh Issue (no OFS component)

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Eppeltone Engineers IPO: Key Dates & Details

Eppeltone Engineers IPO: Company Financials

Additional metrics:

• EPS, RoNW, NAV per share: (not publicly disclosed yet)

• FY 25 EPS approximate = ₹11.23 Cr / post‑issue share count (~1.30 Cr shares) ≈ ₹8.6.

Eppeltone Engineers IPO: Valuation Metrics

• P/E Ratio (Pre‑Issue): ~14.8× (based on market cap ₹165.9 Cr and FY25 EPS)

• P/B Ratio: (Not yet available due to missing NAV details)

• Peer P/E Multiples for FY25:

  • Akanksha Power & Infrastructure – 47.8×

  • Rishabh Instruments – 55×

  • Genus Power – 37.7×

Eppeltone’s valuation is significantly below peer averages.

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Eppeltone Engineers IPO: Objects of the Issue

Proceeds allocation:

• ₹30 Cr – Working capital

• ₹5 Cr – Capital expenditure for new machinery

• Balance – General corporate purposes & issue expenses

Eppeltone Engineers IPO: Anchor Investors

• Shares allocated: ~9.78 lakh (28.48%) to anchor investors

• Funds raised (approx): ₹12.53 Cr (assuming ₹128 per share)

• Key institutional names: Not listed publicly

Eppeltone Engineers IPO: Subscription Status

Day‑1 subscription as of mid‑day 17 Jun 2025:

• Overall: 4.10× oversubscribed

  • QIBs: 1.20×

  • NIIs: 2.96×

  • Retail: 6.24×

No further daily breakdown available as of now.

Eppeltone Engineers IPO: Strengths & Risks

Strengths

• Extensive industry experience since 1977 with strong PSU client base

• FY25 revenue surged ~57%, with profit up ~38%

• In‑house R&D and modern manufacturing facility in Greater Noida

Risks

• Concentrated reliance on B2B utility contracts and a single plant location

• SME‑market liquidity is limited; price volatility may be high at listing

• Lack of diversified offerings; any slowdown in govt. infrastructure can affect sales

Conclusion

Eppeltone Engineers’ ₹43.96 Cr SME IPO, with a price band of ₹125–128 and June 24 listing on NSE SME, is priced attractively below peer valuations. Supported by strong FY25 growth and clear capital-use strategies, the offering reflects disciplined fundraising. However, retail investors should be mindful of SME‑segment liquidity constraints and contract-concentration risks. The firm’s performance post‑listing, particularly in meeting working‑capital and expansion goals, will be critical to watch.

What Investors Should Monitor

• Listing-day price action vs. grey-market trends

• Full-year FY 2025 financial statements upon release

• Progress on cap‑ex and sales contracts post–IPO

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Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.