Eppeltone Engineers share price: Stock lists at 90% premium; here's how much investors made per lot

The stock listed at ₹243.20 per share, reflecting a premium of 90% over the issue price of ₹128.

Minutes into the listing, shares soared another 5% to ₹255.35 apiece, its upper circuit limit.

Eppeltone Engineers share price: Here's how much investors made per lot

The ₹43.96 crore initial public offer was exclusively a fresh issuance of 34.34 lakh shares without an offer for sale component. The price band was ₹125 to ₹128 per share.

The company had reserved 50% of the net offer for qualified institutional buyers, 35% for retail individual investors, and 15% for non-institutional investors.

The capital raised will be utilised for working capital requirements, capital expenditure to install additional machinery at its factory and general corporate purposes.

Expert Global Consultants was the book-running lead manager of the IPO, while Skyline Financial Services was the registrar.

Eppeltone Engineers, which operates in the business-to-business segment, is engaged in the designing, manufacturing and supplying of electricity meters and power conditioning devices like UPS systems and high-grade chargers. It also produces LED luminaires, chargers, auto-tensioning devices and battery management systems.

The firm's revenue from operations advanced 57% year-on-year (YoY) to ₹125.74 crore, and net profit climbed 37.62% in the financial year 2024-25 (FY25).