The allotment for the Eppeltone Engineers IPO was finalized today, June 20, 2025. Investors who applied for the IPO can now check their allotment status through the official websites of the National Stock Exchange (NSE) and Skyline Financial Services Private Ltd, the registrar for the issue. The IPO witnessed an overwhelming response, being oversubscribed by 296.34 times.
How to Check Allotment Status
Investors can check their allotment status on the websites of the NSE and Skyline Financial Services. You will need your PAN number, application number, or details of the amount deducted from your bank account to check the status.
Subscription Details
The IPO, which closed on June 19, 2025, saw remarkable subscription rates across all investor categories. The retail portion was subscribed 248.04 times, while the non-institutional investor (NII) category was subscribed an astounding 627.28 times. Qualified institutional buyers (QIBs) also showed strong interest, with their portion being subscribed 132.23 times. Overall, the IPO received bids for 67,68,51,000 shares against the 22,84,000 shares on offer. This enthusiastic response underscores strong investor confidence in Eppeltone Engineers.
Grey Market Premium (GMP)
The grey market premium (GMP) for Eppeltone Engineers IPO has been robust, indicating potential listing gains. On June 19, 2025, the GMP stood at ₹75, suggesting a listing price of ₹203 per share. This translates to a premium of 58.59% over the upper end of the price band, which was set at ₹128 per share. It's important to note that GMP is speculative and doesn't guarantee listing performance. Earlier, the GMP hovered between ₹60 to ₹65.
IPO Details
Eppeltone Engineers IPO was a book-building issue aimed at raising ₹41.75 crore. The issue comprised a fresh issuance of 32.62 lakh shares. The IPO price band was fixed at ₹125 to ₹128 per share, with a minimum lot size of 1,000 shares. Thus, retail investors were required to invest a minimum of ₹128,000.
Listing Date
The shares of Eppeltone Engineers are tentatively scheduled to be listed on the NSE SME platform on Tuesday, June 24, 2025.
About Eppeltone Engineers
Eppeltone Engineers Limited, founded in 1977, specializes in manufacturing electronic energy meters, including smart meters, and power conditioning devices like high-grade chargers and UPS systems. The company operates a single manufacturing facility in Greater Noida and serves institutional, industrial, and utility customers across India.
Financial Performance
In 2025, Eppeltone Engineers reported revenue of ₹125.74 crores, compared to ₹80.04 crore in 2024. The company's profit after tax (PAT) also increased from ₹8.43 crores in 2024 to ₹11.23 crores in 2025.
Objectives of the Issue
Eppeltone Engineers plans to utilize the net proceeds from the IPO for working capital requirements, funding capital expenditure towards the installation of additional machinery at its factory, and for general corporate purposes.
Overall
The Eppeltone Engineers IPO has generated significant interest and was heavily oversubscribed. Allotment has been finalized today and investors can check the status. The company's fundamentals and the positive GMP suggest a potentially strong listing on June 24, 2025.
