The Eppeltone Engineers IPO is currently underway, with the subscription period closing on June 19, 2025. The IPO has garnered significant attention from investors, and here's a breakdown of its subscription status and grey market premium (GMP) as of Day 2.
Subscription Status:
As of 10:25 AM on Day 2 (June 18, 2025), the Eppeltone Engineers IPO has been subscribed 12.19 times overall. The breakdown of subscription across different investor categories is as follows:
On Day 1, the IPO was subscribed 8.22 times. This indicates a continued strong demand for the IPO as it progresses.
Grey Market Premium (GMP):
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of the IPO. As of June 17, 2025, the GMP for Eppeltone Engineers IPO was ₹63 per share. This suggests that market participants are anticipating a listing price of ₹191 per share (Issue price upper band ₹128 + GMP ₹63). This translates to a potential listing gain of around 49.22% over the upper band of the issue price.
However, it's important to note that GMP is not an official indicator and is based on market speculation. It can fluctuate and may not accurately predict the actual listing price.
IPO Details:
Company Financials:
Eppeltone Engineers Ltd. has demonstrated growth in recent financials. The company's revenue increased by 57% year-on-year, from ₹80.04 crore in FY24 to ₹125.74 crore in FY25. The Profit After Tax (PAT) also saw a rise of 38%, reaching ₹11.23 crore in FY25 compared to ₹8.16 crore in the previous year.
Utilization of IPO Proceeds:
The company plans to utilize the net proceeds from the IPO for the following purposes:
Recommendation:
Analysts suggest that investors may consider applying for the IPO with a long-term perspective.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult with a financial advisor before making any investment decisions.
