Eppeltone Engineers IPO Subscribed 296.34 Times on Final Day – June 19, 2025

Eppeltone Engineers' initial public offering (IPO) has demonstrated phenomenal investor demand through its three-day subscription period, with Eppeltone Engineers' stock price set at ₹128 per share and Eppeltone Engineers' share price expected to reflect exceptional market reception. The ₹41.75 crore IPO has witnessed remarkable progress, with subscription rates opening at 8.28 times on day one, improving to 36.97 times on day two, and reaching phenomenal 296.34 times by 5:14:59 PM on the final day, demonstrating tremendous investor interest in this electronic energy meters and power conditioning devices manufacturer founded in 1977, operates 36,000 sq. ft. primary manufacturing facility in Greater Noida.

Eppeltone Engineers IPO non-institutional investors segment leads with phenomenal 627.28 times subscription, while retail investors demonstrate exceptional participation at 248.04 times and qualified institutional buyers show exceptional interest at 132.23 times, reflecting tremendous investor confidence in this certified organisation engaged in designing and supplying static watt hour meters, smart meters, water meters, BPL kits, UPS systems, LED luminaries, battery management systems, chargers, packs, software development, operates primarily in B2B segment providing products to Government Entities.

Eppeltone Engineers' IPO subscription reached a phenomenal 296.34 times on the final day, led by NII (627.28x), Retail (248.04x), and QIB (132.23x). Total applications reached 3,06,711.

Subscription Status of Eppeltone Engineers IPO:

Here are the subscription details for Eppeltone Engineers IPO as of Day 3 (June 19, 2025, 5:14:59 PM):

Eppeltone Engineers IPO Reservation

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Key Highlights - Day 3:

• Overall subscription reaching a phenomenal 296.34 times, a massive surge from day two's 36.97 times
• NII segment leading with exceptional demand at 627.28 times, an extraordinary jump from day two's 39.61 times
• Retail segment showing exceptional participation at 248.04 times, a remarkable increase from day two's 55.52 times
• QIB segment showing exceptional interest at 132.23 times, a significant improvement from day two's 2.50 times
• Total applications reached 3,06,711, indicating massive investor participation
• The cumulative bid amount reached ₹8,663.69 crores against the issue size of ₹41.75 crores

Eppeltone Engineers IPO - Day 2 Subscription at 36.97 Times

Key Highlights - Day 2:

• Overall subscription improving significantly to 36.97 times, strong progress from day one's 8.28 times
• Retail segment leading with solid demand at 55.52 times, strong improvement from day one's 13.05 times
• NII segment showing excellent participation at 39.61 times, a significant increase from day one's 6.59 times
• QIB segment showing measured interest at 2.50 times, improvement from day one's 1.20 times

Eppeltone Engineers IPO - Day 1 Subscription at 8.28 Times

Key Highlights - Day 1:

• Overall subscription opening strong at 8.28 times, showing encouraging initial investor interest
• Retail segment leading with solid early participation at 13.05 times, indicating individual investor confidence
• NII segment showing good early interest at 6.59 times, reflecting high-net-worth confidence
• QIB segment showing modest initial participation at 1.20 times on day one

About Patil Automation Limited

Founded in 1977, Eppeltone Engineers Limited specialises in manufacturing electronic energy meters, including smart meters, alongside various power conditioning devices like UPS systems and high-grade chargers. Known for its diverse portfolio of products, including AVR, MCBs, and transducers, initially specialising in Switch Mode Power Supplies (SMPS) for computers and other electronic devices, they have significantly expanded their product range to cater to both industrial and consumer needs, with a focus on energy management solutions.

Financial performance shows strong growth with revenue increasing 57% from ₹80.04 crores in FY2024 to ₹125.74 crores in FY2025, while profit after tax surged 38% from ₹8.16 crores to ₹11.23 crores. The company maintains excellent profitability metrics with 41% ROE, 43% ROCE, operates with a debt-to-equity ratio of 0.79, and has a market capitalisation of ₹165.88 crores. Post-IPO P/E ratio of 14.77x appears reasonable for a growing manufacturing company.

Highlights of the Eppeltone Engineers IPO:

• IPO type: Book Building IPO
• IPO size: ₹41.75 crores
• Fresh Issue: 32.62 lakh shares
• Face value: ₹10 per share
• Issue price: ₹128 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,28,000 (1 lot, 1,000 shares)
• Minimum investment for HNI: ₹2,56,000 (2 lots, 2,000 shares)
• Anchor investor allocation: ₹12.52 crores
• Book-running lead manager: Expert Global Consultants Private Limited
• Registrar: Skyline Financial Services Private Ltd
• Market maker: Prabhat Financial Services Ltd
• Listing at: NSE SME
• IPO opens: June 17, 2025
• IPO closes: June 19, 2025
• Allotment date: June 20, 2025
• Listing date: June 24, 2025