Eppeltone Engineers IPO Day 2: Check Subscription Status, GMP Today
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The GMP of the Eppeltone Engineers IPO is 50.78%, indicating strong listing gains for investors.
Eppeltone Engineers IPO Day 2: The initial public offering of Eppeltone Engineers Ltd is witnessing the second day of bidding on Wednesday. So far, the IPO has received a strong response from investors. Till 10:55 am on the second day of bidding on Wednesday, the Rs 13.91-crore SME IPO received a 14.20 times subscription, garnering bids for 3,24,30,000 shares as against 22,84,000 shares on offer.
The retail and NII participation stood at 22.77 times and 11.52 times, respectively. Its qualified institutional buyer (QIB) category got a 1.20 times subscription.
The three-day IPO will be closed on Wednesday, June 18. It received a 1.45 times subscription on Day 1 on Monday.
Eppeltone Engineers IPO Price
The price of the Eppeltone Engineers IPO has been fixed at Rs 128 apiece.
Eppeltone Engineers IPO Lot Size
The minimum lot size is 1,000 shares, requiring a retail investment of Rs 1,28,000. For NIIs, the minimum is 2 lots (2,000 shares) at Rs 2,56,000.
Eppeltone Engineers IPO GMP Today
According to market observers, the GMP of the Eppeltone Engineers IPO is 50.78%, indicating strong listing gains for investors.
The shares of Eppeltone Engineers Ltd will be listed on the NSE SME on June 24.
The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
The Eppeltone Engineers IPO is a book-built issue worth ₹41.75 crore, comprising a fresh issue of 32.62 lakh equity shares.
The IPO opened for subscription on June 17, 2025, and will close on June 19, 2025. Share allotment is likely to be finalized on June 20, with the listing expected on the NSE SME platform on June 24, 2025.
The price band is set at Rs 128 per share.
Eppeltone Engineers Ltd's revenue increased by 57% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2025 and March 31, 2024.
Expert Global Consultants Pvt Ltd is managing the issue as the lead book runner, Skyline Financial Services Pvt Ltd is the registrar, and Prabhat Financial Services Ltd is the market maker.
Eppeltone Engineers Ltd, founded in 1977, manufactures smart meters, power conditioning devices, and energy management solutions, primarily serving government clients in the B2B segment.
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