How to Check EPW India IPO Allotment Status?

EPW India is an IT electronics refurbishing company providing affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories through both B2B and direct-to-consumer channels. The company procures laptops, desktops, Chromebook, and peripherals, refurbishing them to new condition, and reselling them directly to end use customers.

With a 4,500 sq. ft. in-house refurbishment facility and a skilled team of 32 technicians, it ensures every product goes through a 15–20 day process of testing, repair, cleaning, and software installation before sale. The company is committed to delivering reliable, sustainable, and cost-effective IT products.

In FY 2025, It generated 54.29% of revenue from B2C segment and remaining 45.20% from B2B sales. As of September 30, 2025, EPW India had total assets of ₹42.49 crore.

The EPW India IPO came with a total issue size of ₹31.81 crore, comprising entirely a fresh issue of ₹31.81 crore. The IPO opened on December 22, 2025, and closed on December 24, 2025. The allotment is expected on Friday, December 26, 2025. The share price band was set at ₹95 to ₹97 per share.

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Steps to Check EPW India IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt. Ltd. 
• Select "EPW India" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check EPW India IPO Allotment Status on BSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "EPW India" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

EPW India IPO Subscription Status

EPW India IPO received modest investor interest, being subscribed 1.32 times overall. Here is the category-wise breakdown as of 5:15:01 PM on December 24, 2025:

• QIB Category (Ex Anchor): 1.17 times
• Non-Institutional Investors (NII): 1.53 times
• Retail Investors: 1.31 times

EPW India IPO Share Price and Investment Details

The minimum investment required was ₹2,32,800 for 2 lots (2,400 shares). The issue raised ₹9.04 crore from anchor investors. Given the overall subscription of 1.32 times, with modest institutional participation at 1.17 times, modest NII participation at 1.53 times, and modest retail subscription at 1.31 times, listing expectations remain modest.

Utilisation of IPO Proceeds

The proceeds will be utilised to meet working capital requirements amounting to ₹15.85 crore, repayment of banking facilities availed by the company amounting to ₹8.50 crore, and for general corporate purposes.

Business Overview

EPW India Limited is engaged in the business of refurbishing IT electronics across B2B and direct-to-consumer channels. The company operates in a competitive and fragmented segment.

The company reported exceptional financial performance with a 188% increase in revenue and a 485% rise in profit after tax between FY24 and FY25. It reported an ROE of 139.17% and maintained a debt-to-equity ratio of 2.32.

The company benefits from a wide range of refurbished products, an experienced team, reliable warranty services, multiple sales channels, and experienced promoter-led management. However, investors should note the post-issue P/E ratio of 13.84 and Price to Book Value of 15.06.