EPW India Limited
Bookbuilding IPO · NSE
- Price band
- ₹95 - ₹97
- Lot size
- 1,200 shares
- Issue amount
- ₹31.81 cr
- Total subscription
- 1.39×
- Opens
- 22 Dec 2025
- Closes
- 24 Dec 2025
- Allotment
- 26 Dec 2025
- Listing
- 30 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 32,79,600 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹31.81 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,16,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 82,00,000
- Shares after issue
- 1,14,79,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,32,800 |
| sHNI | 3 | 3,600 | ₹3,49,200 |
| bHNI | 9 | 10,800 | ₹10,47,600 |
Share reservation
Subscription & GMP
Subscription by category
Reported 24 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 119 |
| RETAIL | 455 | 595 |
| HNIs(10L +) | 87 | 19 |
| HNIs (2-10L) | 43 | 100 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 6.04 | 7.04 |
| Others | 0 | 7.04 |
| RETAIL | 10.59 | 13.85 |
| HNIs 2+ | 1.51 | 3.98 |
| HNIs 10+ | 3.03 | 4.57 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 51.62 | 137.15 | 128.43 | 36.96 |
| ROCE | 22.16 | 34.04 | 86.74 | 11.12 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 18.36 | 0 | 0 |
| POST IPO(PE) | 13.34 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| New jaisa Technologies | 0 | 28.20 | 5 | 19.49 | -7.04 | -2.77 |
| EPW India Ltd | 18.36 | 0 | 5 | 10.39 | 41.19 | 4.28 |
| GNG Electronics | 63.99 | 304 | 2 | 43.76 | 3.6 | 1.58 |
| Cerebra Integrated Technologies | 0 | 6.86 | 10 | 12.05 | -16.27 | -2.12 |
Company information
Company profile
EPW India is an IT electronics refurbishing company that offers affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories through both B2B and direct-to-consumer channels. The company procures used IT equipment, refurbishes it to near-new condition, and sells it directly to end customers after a detailed 15–20 day process involving testing, repair, cleaning, and software installation at its 4,500 sq. ft. in-house facility, supported by a team of 32 technicians. Focused on sustainability and cost efficiency, EPW India generated 54.29% of its FY 2025 revenue from the B2C segment and 45.20% from B2B sales.
Strengths
- Wide and Versatile Refurbished Product Range – Offers refurbished laptops, desktops, Chromebooks, and peripherals across brands and price points, serving students, professionals, businesses, and budget-focused customers.
- Experienced and Skilled Technical Team – Trained engineers and technicians ensure proper refurbishment, consistent quality, and reliable product performance across education, corporate, and retail segments.
- Strong Warranty and After-Sales Support – All products come with warranty-backed repair or replacement support, building customer confidence and encouraging repeat purchases.
Risk factors
- Dependence on IT Equipment Supply and Price Fluctuations – The business relies on timely availability of IT products and components, and price volatility without long-term supply contracts may affect costs, margins, and competitiveness.
- Operational Risk from Leased Premises – Running offices and warehouses on leased properties exposes the company to risks from lease termination, non-renewal, or disruptions that could impact operations.
- Inventory and Component Cost Management Risk – Poor demand forecasting, procurement delays, or rising component prices may lead to higher inventory costs, increased working capital needs, and lower profitability.
Promoters
Yousuf Uddin
Mohd. Fasi Uddin
Mohd. Zaki Uddin
Registrar & documents
Lead manager
GetFive Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 131 & 132, Ground Floor, C-Block Chenoy Trade Center, Parklane Secunderabad Hyderabad, Telangana, 500003
79934 39988
[email protected]Company website ↗Understanding EPWINDIA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.