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EPWINDIA · NSE · electronics and hardware
EPW India IPO listed on 30 Dec 2025 on NSE at ₹111.00, a gain of 14.43% over the issue price of ₹97.00. The IPO was subscribed 0.72x overall.
EPW India IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 22 Dec 2025 |
| IPO Close Date | 24 Dec 2025 |
| Basis of Allotment | 26 Dec 2025 |
| Initiation of Refunds | 29 Dec 2025 |
| Credit of Shares to Demat | 29 Dec 2025 |
| Listing Date | 30 Dec 2025 |
Listing day gain
+14.43%
Listed at ₹111 (issue ₹97)
Issue
₹97
Listing
₹111
Current
₹116.55
+20.15% vs issue
Day range
₹111 – ₹116.55
Issue Size
3,279,600 shares
(aggregating up to ₹31.81 Cr)
Issue Price
₹95 – ₹97
Face Value
₹5/share
Market Lot
1,200 shares
Retail Min Investment
₹232,800
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
[.]
Offer for Sale
[.]
Reserved for Market Maker
164,400 shares
(aggregating up to ₹1.59 Cr)
Issue Type
book building
Open Date
22 Dec
Close Date
24 Dec
Allotment
26 Dec
Listing
30 Dec
Last updated: 9 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 30 Dec 2025 Latest | ₹97 | ₹2.5 | ₹99.5 | ₹2.5 |
2.58%
|
12:00 PM |
| 29 Dec 2025 | ₹97 | ₹2.5 | ₹99.5 | ₹2.5 |
2.58%
|
12:00 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 08 Jan 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 0.47x | - |
| NII | 0.19x | - |
| bNII (bids above ₹10L) | 1.51x | 19 |
| sNII (bids below ₹10L) | 2.63x | 100 |
| Individual Investors | 1.31x | 595 |
| Total | 0.72x | 714 |
Showing the latest subscription snapshot.
View full subscription historyYousuf Uddin, Mohd. Fasi Uddin and Mohd. Zaki Uddin are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹232,800 |
| Retail (Max) | 2 | 2,400 | ₹232,800 |
| S-HNI (Min) | 3 | 3,600 | ₹349,200 |
| S-HNI (Max) | 8 | 9,600 | ₹931,200 |
| B-HNI (Min) | 9 | 10,800 | ₹1,047,600 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,555,200 (47.42%) |
|
•
Anchor Investor Shares Offered
|
932,400 (28.43%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
622,800 (18.99%) |
| NII (HNI) Shares Offered | 468,000 (14.27%) |
|
•
bNII > ₹10L
|
312,000 (9.51%) |
|
•
sNII < ₹10L
|
156,000 (4.76%) |
| Retail Shares Offered | 1,092,000 (33.30%) |
| Market Maker Shares Offered | 164,400 (5.01%) |
| Total Shares Offered | 3,279,600 (100.00%) |
EPW India Limited is a Hyderabad-based company specializing in the refurbishment and sale of used IT assets (laptops, desktops, monitors, peripherals) through an end-to-end reverse supply chain. It procures used equipment, refurbishes it in-house (grading, data erasure, repairs, quality checks), and sells at discounts via 6 retail outlets, website, B2B channels, and e-commerce. Offers 12-month warranties. Recently acquired subsidiary for e-waste recycling. Primarily B2B (60%+ revenue).
Growth: Explosive revenue CAGR ~179% from FY23 to FY25 (₹6.66 Cr to ₹53.31 Cr), driven by expansion of facilities, branches, employee base (9 to 76), and multi-channel sales. PAT CAGR ~701%.
Key Strengths: Experienced family promoters (15+ years), strong supply chain, in-house refurbishing for quality/cost control, ISO certifications, sustainability focus (circular economy, e-waste management), multi-channel distribution, high RoNW (81%+ in FY25), and strategic location in Telangana.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 6.66 | 18.55 | 53.34 |
| Profit After Tax (PAT) | 0.06 | 0.74 | 4.33 |
| EBITDA | 0.11 | 1.03 | 6.21 |
| Total Assets | 6.25 | 8.1 | 27.2 |
| Net Worth | 0.21 | 0.95 | 5.28 |
| Reserves & Surplus | 0.11 | 0.85 | 5.18 |
| Total Borrowing | 0.58 | 0.23 | 12.25 |
Revenue & Profit Trend
The basis of allotment for EPW India IPO was finalised on 26 Dec 2025. You can check your allotment status using your PAN number or application number on the Bigshare Services Private Limited portal or BSE.
The EPW India IPO is expected to open in Dec 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for EPW India IPO is ₹95.00 - ₹97.00 per share.
As per market sources, EPW India IPO GMP is currently ₹2.50. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for EPW India IPO stands at 0.72x overall.
The listing date for EPW India IPO is 30 Dec 2025.
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