EPW India IPO
IPO Listing Details
- Listing Date
30 Dec 2025
- Listing Price
₹ 111.00
- Listing Change
14.43%
- Last Traded Price
₹ 100.50
EPW India IPO Details
-
Open Date
22 Dec 2025
-
Close Date
24 Dec 2025
-
Listing Date
30 Dec 2025
- IPO Price Range
₹ 95 to ₹97
- IPO Size
₹ 31.81 Cr
- Listing Exchange
NSE SME
EPW India IPO Timeline
EPW India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Dec-2025 | 0.00 | 0.67 | 0.13 | 0.21 |
| 23-Dec-2025 | 1.17 | 0.47 | 0.29 | 0.58 |
| 24-Dec-2025 | 1.17 | 1.53 | 1.31 | 1.32 |
Last Updated: 24 December 2025 7:24 PM by 5paisa
EPW India Limited is an Indian IT electronics refurbishing company that procures used IT equipment like laptops, desktops, Chromebooks, monitors, and peripherals and refurbishes them to near-new condition for resale. It operates an end-to-end reverse supply chain, serving both business-to-business and direct-to-consumer customers through retail outlets and online channels. With an in-house refurbishment facility and quality checks, the company focuses on offering affordable, sustainable, reliable refurbished technology products.
Established in: 2021
Managing Director: Yousuf Uddin
EPW India Objectives
1. To Meet Working Capital Requirements (₹15.85 Cr)
2. Repayment of banking facilities availed by the company (₹8.5 Cr)
3. General Corporate Purpose
EPW India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹31.81 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹31.81 Cr |
EPW India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,28,000 |
| Retail (Max) | 2 | 2,400 | 2,32,800 |
| S-HNI (Min) | 3 | 3,600 | 3,42,000 |
| S-HNI (MAX) | 8 | 9,600 | 9,31,200 |
| B-HNI (Min) | 9 | 10,800 | 10,47,600 |
EPW India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.17 | 6,22,800 | 7,26,000 | 7.042 |
| Non-Institutional Buyers | 1.53 | 4,68,000 | 7,17,600 | 6.961 |
| bNII (bids above ₹10L) | 0.98 | 3,12,000 | 3,07,200 | 2.980 |
| sNII (bids below ₹10L) | 2.63 | 1,56,000 | 4,10,400 | 3.981 |
| Individual Investors (IND category bidding for 2 Lots) | 1.31 | 10,92,000 | 14,28,000 | 13.852 |
| Total** | 1.32 | 21,82,800 | 28,71,600 | 27.855 |
*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.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 6.66 | 18.53 | 51.88 |
| EBITDA | 0.11 | 1.03 | 5.93 |
| PAT | 0.06 | 0.74 | 4.13 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 6.24 | 8.03 | 24.24 |
| Share Capital | 0.10 | 0.10 | 4.10 |
| Total Liabilities | 6.24 | 8.03 | 24.24 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 0.15 | 0.44 | -10.95 |
| Net Cash Generated From / (used in) Investing Activities | -0.05 | -0.03 | -0.53 |
| Net Cash Generated From / (used in) Financing Activities | 0.58 | -0.35 | 11.72 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.68 | 0.06 | 0.24 |
Strengths
1. Integrated refurbishment model covering sourcing, testing, repair, and resale
2. Presence across B2B and B2C channels, including retail and online platforms
3. Focus on refurbished IT assets aligns with affordability and sustainability trends
4. In-house processes for quality control and data sanitisation
Weaknesses
1. Dependence on steady supply of used IT equipment
2. Operations concentrated in limited facilities
3. Margins sensitive to refurbishment and logistics costs
4. Brand visibility still evolving in a fragmented market
Opportunities
1. Rising demand for affordable laptops and IT hardware in India
2. Growing corporate emphasis on asset recycling and ESG compliance
3. Expansion potential in institutional and enterprise refurbishing
4. Increasing acceptance of refurbished electronics among consumers
Threats
1. Intense competition from unorganised refurbishers and new entrants
2. Rapid technology obsolescence impacting inventory value
3. Pricing pressure from low-cost new devices
4. Regulatory risks around e-waste and data protection
1. Growing business in refurbished IT/electronics with an end-to-end reverse supply chain, meeting rising demand for affordable devices.
2. Strong recent financial performance with significant revenue and profit growth year-on-year.
3. Experienced promoters and integrated multi-channel sales, including retail and online, enhancing market reach.
4. Aligned with sustainability and digital inclusion trends by promoting reuse and reducing e-waste
EPW India operates in the organised IT electronics refurbishment sector, focusing on procuring used devices, refurbishing them through rigorous processes (sorting, data erasure, testing, parts replacement), and redistributing to B2B and direct-to-consumer channels. This reverse supply chain model targets rising demand for affordable technology and sustainability in India’s growing digital economy. With increasing corporate and consumer acceptance of refurbished hardware and limited organised competition, the company is well-positioned to expand market share and benefit from structural growth in IT asset reuse and resale.
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FAQs
EPW India IPO opens from December 22, 2025 to December 24, 2025.
The size of EPW India IPO is ₹31.81 Cr.
The price band of EPW India IPO is fixed at ₹95 to ₹97 per share.
To apply for EPW India IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the EPW India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of EPW India IPO is of 2,400 shares and the investment required is ₹2,32,800.
The share allotment date of EPW India IPO is December 26, 2025
The EPW India IPO will likely be listed on December 30, 2025.
Getfive Advisors Private Limited is the book running lead manager for EPW India IPO.
EPW India IPO plans to utilise the raised capital from the IPO for:
1. To Meet Working Capital Requirements (₹15.85 Cr)
2. Repayment of banking facilities availed by the company (₹8.5 Cr)
3. General Corporate Purpose