On June 25, 2025, Maharashtra-based Eppeltone Engineers Limited debuted on the NSE SME exchange with a 90% listing premium at ₹243.20, surpassing investor expectations. The stock further hit a 5% upper circuit at ₹255.25. The IPO, backed by overwhelming demand and a 296x subscription, reflected market optimism driven by the company’s leadership in energy meters and power conditioning solutions.
Eppeltone Engineers Limited, a Maharashtra-based pioneer in smart metering and power conditioning technology, made a remarkable debut on the National Stock Exchange’s SME platform today. The stock was listed at ₹243.20, reflecting a 90% premium over its issue price of ₹128. Shortly after listing, the shares hit the 5% upper circuit, touching ₹255.25.
Founded in 1977, Eppeltone Engineers is known for its expertise in manufacturing smart electronic energy meters, UPS systems, and high-end charging devices. Initially focused on Switch Mode Power Supplies (SMPS), the company now provides integrated energy management solutions to both industrial and retail sectors.
The exceptional listing comes on the heels of a heavily oversubscribed IPO that closed on June 19, 2025. The offering was subscribed 296.34 times, with retail investors subscribing 248.04 times, non-institutional investors (NII) 627.28 times, and qualified institutional buyers (QIB) 132.23 times.
Market anticipation had been high, driven by a strong grey market premium (GMP) of ₹105, suggesting an expected listing at around ₹233. The final listing price of ₹243.20 exceeded those expectations, signaling robust investor confidence.
Analysts attribute the strong performance to the company’s solid fundamentals, industry positioning, and growth potential in India’s expanding energy and power solutions market. With this momentum, Eppeltone Engineers is poised to further scale operations and enhance its market footprint in the smart energy segment.