Eppeltone Engineers, based in Greater Noida, Uttar Pradesh, India, is set to finalize its IPO allotment on June 20, 2025, following massive investor interest. The SME IPO raised ₹41.75 crore with a 296.34× subscription rate. Shares will be credited to Demat accounts on June 23 and listed on NSE SME on June 24.
Eppeltone Engineers Limited, a leading power electronics and energy solutions provider, is finalizing the allotment of its Initial Public Offering (IPO) today. The ₹41.75 crore IPO attracted overwhelming demand with a total subscription of 296.34 times, marking it as one of the most sought-after SME listings this year.
The IPO, priced at ₹128 per share, opened on June 17 and closed on June 19. The grey market premium (GMP) today stands at ₹75, implying a strong anticipated listing price of ₹203 per share—a potential gain of nearly 59%.
Shares will be credited to successful investors’ Demat accounts on June 23, and refunds for unallocated shares will be processed the same day. The shares will be listed on NSE SME on June 24, 2025.
Investors can check their allotment status online through the registrar Skyline Financial Services Private Ltd by selecting Eppeltone Engineers IPO and entering the required application details.
The IPO consists entirely of a fresh issue of 32.62 lakh equity shares, with no offer-for-sale component. Retail investors applied for a minimum of 1,000 shares, requiring a minimum investment of ₹1.28 lakh.
In the anchor round held on June 16, Eppeltone Engineers raised ₹12.52 crore. The IPO proceeds will be used to enhance the company’s working capital, purchase additional machinery, and fulfill other corporate requirements.
Expert Global Consultants Private Limited acted as the Book Running Lead Manager for the IPO. The registrar to the issue is Skyline Financial Services, and Prabhat Financial Services Ltd was appointed as the market maker.