Eppeltone Engineers IPO fully subscribed within an hour of launch; check price band, lot size and key dates

Eppeltone Engineers IPO opened to solid demand from investors, with the initial public offering being fully subscribed within an hour of launch.

The issue has received bids for 35,73,000 shares compared to 24,56,000 shares on offer, according to the date on NSE until 11:13 am.

The ₹43.96 crore initial share sale is exclusively a fresh issuance of 34.34 lakh equity shares with no offer for sale component. The price band is set at ₹125 to ₹128 per share.

The funds raised will be used for working capital needs, capital expenditure towards installation of additional machinery at its factory and corporate general purposes.

Eppeltone Engineers IPO: Lot size

Retail investors can apply for at least one lot, consisting of 1,000 shares, worth ₹1,28,000 at the upper price band. For high-net-worth individuals, the minimum investment is ₹2,56,000.

Half of the issue has been set aside for qualified institutional buyers, 35% for retail investors, and remaining 15% for non-institutional investors.

Eppeltone Engineers IPO: Key dates

Eppeltone Engineers' basis of allotment is expected to be finalised on June 20. Refunds for non-allottees will be initiated on June 23. Shares will be credited to Demat account of successful investors on the same day.

The equity shares are proposed to be listed on the NSE SME platform Emerge on June 24.

Expert Global Consultants Pvt Ltd is the IPO's book-running lead manager, while Skyline Financial Services Pvt Ltd is the registrar. The market maker is Prabhat Financial Services Ltd.

Eppeltone Engineers designs, manufactures and supplies electricity meters, including smart meters and power conditioning devices such as high-grade chargers and UPS systems. It also designs and supplies LED luminaires, battery management systems, chargers and auto-tensioning devices. The company operates in the business-to-business segment.

The company's revenue from operations increased 57% year-on-year (YoY) to ₹125.74 crore and profit after tax (PAT) advanced 37.62% in the financial year 2024-25 (FY25). Its net worth stands at ₹40 crore.