Eppeltone Engineers IPO: Ready for Takeoff with 70% Listing Premium?

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Eppeltone Engineers is making its stock market debut today on the NSE SME platform, and there’s a lot of buzz about how it might perform right out of the gate. If you’ve been following the IPO scene, this one’s worth a closer look.

Key Highlights:

The IPO price was set at ₹125–₹128 per share, and demand was huge—the issue was oversubscribed more than 24 times. Both institutional and retail investors piled in, showing strong faith in the company.
The company raised about ₹44 crore through a fresh issue of 34.34 lakh shares. Most of this money will go toward working capital, buying new machinery, and other general business needs.
There’s been plenty of action in the grey market, with the last reported premium at ₹90 per share. That means the stock could list around ₹218, which would be nearly 70% higher than the IPO price.

Eppeltone Engineers has been around since 1977 and makes things like electronic energy meters, smart meters, UPS systems, LED lights, battery packs, and railway equipment. Most of their business comes from government clients, and they operate out of Greater Noida.

Financially, the company looks solid: FY25 revenue was ₹125.74 crore, with a profit after tax of ₹11.23 crore. Their return on equity stands at an impressive 41%.

With all the hype, investors are hoping for a strong listing, but as always, it’s smart to remember that actual market performance can sometimes surprise—both ways.

Source: Economic Times, Business Standard, Zerodha, News18, Business Standard