EPW India IPO Shows Moderate Response, Subscribed 1.32x on Day 3

EPW India Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹95-97 per share. The ₹31.81 crore IPO reached 1.32 times by 5:15:01 PM on day three.

EPW India IPO non-institutional investors segment leads with moderate 1.53 times subscription. Individual investors demonstrate moderate participation at 1.31 times. Qualified institutional buyers display moderate interest at 1.17 times. Anchor investors show complete participation at 1.00 times. Market makers show complete participation at 1.00 times.
 

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Subscription Status of EPW India IPO:

Here are the subscription details for EPW India IPO as of Day 3 (December 24, 2025, 5:15:32 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 1.32 times, showing substantial improvement from day two's 0.58 times
• Non-institutional investors displaying moderate performance at 1.53 times, building substantially from day two's 0.47 times, indicating improved HNI interest for this IT electronics refurbishing company
• Individual investors showing moderate confidence at 1.31 times, building substantially from day two's 0.30 times, indicating improved retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) maintaining moderate performance at 1.17 times, unchanged from day two's 1.17 times, indicating measured institutional interest
• Total applications reached 716, showing very limited investor participation for this SME IPO
• Cumulative bid amount reached ₹27.86 crores, approaching the net offer size of ₹30.22 crores (excluding anchor and market maker portions)
• Anchor investors fully subscribed their allocation of ₹9.04 crores on December 19, 2025
• Market makers fully subscribed their allocation of ₹1.60 crores

EPW India IPO - Day 2 Subscription at 0.58 Times

Key Highlights - Day 2:

• Overall subscription reached weak 0.58 times, showing substantial improvement from day one's 0.21 times
• Qualified institutional buyers showing moderate performance at 1.17 times, improving substantially from day one's 0.00 times
• Non-institutional investors showing weak performance at 0.47 times, declining from day one's 0.67 times
• Individual investors displaying weak confidence at 0.30 times, building substantially from day one's 0.13 times

EPW India IPO - Day 1 Subscription at 0.21 Times

Key Highlights - Day 1:

• Overall subscription reached weak 0.21 times, showing very cautious initial investor interest
• Non-institutional investors showing weak performance at 0.67 times, indicating weak HNI appetite
• Individual investors displaying weak confidence at 0.13 times, indicating very weak retail sentiment
• Qualified institutional buyers showing negligible participation at 0.00 times, indicating no institutional interest

About EPW India Limited

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, Chromebooks, and peripherals, refurbishing them to new condition, and reselling them directly to end-use customers.