Latest news with #EppeltoneEngineers
Mint
27-06-2025
- Business
- Mint
24 IPOs mobilise ₹9500 crore in June as primary market activity picks up
India's primary market witnessed another busy month in June, as companies lined up to list their shares on Dalal Street amid improving sentiment toward riskier assets, bringing back the buoyancy seen earlier in 2025. Activity, which had remained muted after February, picked up momentum in May, driven by easing fears of a global recession led by tariff tensions and supported by favourable domestic conditions. The RBI's multiple interest rate cuts and its continued confidence in a domestically driven economy have restored much-needed investor confidence, pushing equities higher. The rebound in sentiment has prompted many companies to revive stake sale plans that were previously put on hold in anticipation of better market conditions. Reports also suggest that nearly 75 companies have received SEBI approval to raise funds from investors, indicating that IPO fervour is likely to remain intact. 24 IPOs hit Dalal Street, collect ₹ 9,500 crore In the current month so far, 24 companies have successfully raised ₹9,525 crore from the Indian stock market, according to Trendlyne data. The SME segment dominated the fresh issues, accounting for 75% of the total, while the remaining 25% came from the mainboard segment. Investor interest in these new issues remained mixed. Around 50% of the IPOs received total subscriptions of less than 10 times, whereas eight companies saw strong demand, with subscription levels ranging from 90 to 291 times. Sacheerome topped the chart, with its issue subscribed 291 times, followed by Eppeltone Engineers, Mayasheel Ventures, Influx Healthtech, and Monolithisch India, all of which were subscribed over 100 times. Amid strong investor demand, several of these stocks have also been listed with significant gains. Eppeltone Engineers, for instance, debuted at ₹243, marking a 90% premium over its IPO price of ₹128, and is currently trading 89% above its issue price. Likewise, Monolithisch India was listed at ₹243, a 61.9% gain over its IPO price of ₹143, and is currently trading 92.9% higher. Overall, 15 stocks, including those from both the SME and mainboard segments, are currently trading above their respective issue prices. Among the larger IPOs launched in June were Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with issue sizes of ₹3,500 crore, ₹2,800 crore, and ₹1,387 crore, respectively. 26 IPOs likely to hit exchanges in first two weeks of July The pipeline for new listings in July also looks buoyant, with 26 issues expected to hit Dalal Street in the first two weeks. Bidding for the majority of these IPOs has already opened for investors. A total of seven IPOs, including Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri HareKrishna Sponge Iron, Icon Facilitators, and Abram Food are likely to debut on the exchanges on July 1. Meanwhile, HDB Financial Services, the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s ₹27,870 crore deal last year, will see its bidding close today and is likely to list on both BSE and NSE on July 2. Meanwhile, LG Electronics India, which is another Korean-based company, has received approval for a ₹15,000 crore offer-for-sale (OFS). At the same time, Walmart Inc.'s PhonePe, India's largest provider of digital payments, is also reportedly preparing to file preliminary documents for an initial public offering (IPO) that may raise as much as $1.5 billion. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
27-06-2025
- Business
- Mint
24 IPOs mobilise ₹9500 crore in June as primary market activity picks up
India's primary market witnessed another busy month in June, as companies lined up to list their shares on Dalal Street amid improving sentiment toward riskier assets, bringing back the buoyancy seen earlier in 2025. Activity, which had remained muted after February, picked up momentum in May, driven by easing fears of a global recession led by tariff tensions and supported by favourable domestic conditions. The RBI's multiple interest rate cuts and its continued confidence in a domestically driven economy have restored much-needed investor confidence, pushing equities higher. The rebound in sentiment has prompted many companies to revive stake sale plans that were previously put on hold in anticipation of better market conditions. Reports also suggest that nearly 75 companies have received SEBI approval to raise funds from investors, indicating that IPO fervour is likely to remain intact. In the current month so far, 24 companies have successfully raised ₹ 9,525 crore from the Indian stock market, according to Trendlyne data. The SME segment dominated the fresh issues, accounting for 75% of the total, while the remaining 25% came from the mainboard segment. Investor interest in these new issues remained mixed. Around 50% of the IPOs received total subscriptions of less than 10 times, whereas eight companies saw strong demand, with subscription levels ranging from 90 to 291 times. Sacheerome topped the chart, with its issue subscribed 291 times, followed by Eppeltone Engineers, Mayasheel Ventures, Influx Healthtech, and Monolithisch India, all of which were subscribed over 100 times. Amid strong investor demand, several of these stocks have also been listed with significant gains. Eppeltone Engineers, for instance, debuted at ₹ 243, marking a 90% premium over its IPO price of ₹ 128, and is currently trading 89% above its issue price. Likewise, Monolithisch India was listed at ₹ 243, a 61.9% gain over its IPO price of ₹ 143, and is currently trading 92.9% higher. Overall, 15 stocks, including those from both the SME and mainboard segments, are currently trading above their respective issue prices. Among the larger IPOs launched in June were Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with issue sizes of ₹ 3,500 crore, ₹ 2,800 crore, and ₹ 1,387 crore, respectively. The pipeline for new listings in July also looks buoyant, with 26 issues expected to hit Dalal Street in the first two weeks. Bidding for the majority of these IPOs has already opened for investors. A total of seven IPOs, including Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri HareKrishna Sponge Iron, Icon Facilitators, and Abram Food are likely to debut on the exchanges on July 1. Meanwhile, HDB Financial Services, the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s ₹ 27,870 crore deal last year, will see its bidding close today and is likely to list on both BSE and NSE on July 2. Meanwhile, LG Electronics India, which is another Korean-based company, has received approval for a ₹ 15,000 crore offer-for-sale (OFS). At the same time, Walmart Inc.'s PhonePe, India's largest provider of digital payments, is also reportedly preparing to file preliminary documents for an initial public offering (IPO) that may raise as much as $1.5 billion.
Business Standard
24-06-2025
- Business
- Business Standard
NSE SME Eppeltone Engineers powers up the street with a sparkling debut
Shares of Eppeltone Engineers were trading at Rs 255.35 on the NSE, a premium of 99.49% compared with the issue price of Rs 128. The scrip was listed at Rs 243.20, a premium of 90% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 255.35 and a low of Rs 243.20. About 12.05 lakh shares of the company changed hands at the counter. Eppeltone Engineers' IPO was subscribed 275.66 times. The issue opened for bidding on 17 June 2025 and it closed on 19 June 2025. The price band of the IPO was set at Rs 125 to Rs 128 per share. The IPO comprised fresh issue of 34,34,000 equity shares. The promoter and promoter group shareholding diluted to 61.51% from 83.69% pre-issue. The company intends to utilize the net proceeds for working capital requirements, funding capital expenditure for the installation of additional machinery at its factory, issue-related expenses and general corporate purposes. Ahead of the Eppeltone Engineers on 16 June 2025, raised Rs 12.51 crore from anchor investors. The board has allotted 9.78 lakh shares at Rs 128 per share to 6 anchor investors. Eppeltone Engineers is engaged in the manufacturing of electronic energy meters and various power conditioning devices such as high-grade chargers, UPS systems, and more. The company caters to a wide range of consumers, including institutions, industries, and electricity distribution utilities. The company began its operations in the year 1977 and now operates manufacturing plants focused on producing high-quality and high-performance products. As of 31 March 2025, the company had 164 employees. The company recorded revenue from operations of Rs 124.34 crore and net profit of Rs 11.23 crore for the period ended 31 March 2025.
Mint
24-06-2025
- Business
- Mint
Eppeltone Engineers share price lists with a stellar 90% premium at ₹243.20 on the NSE SME: Hit 5% upper circuit
Ujjval Jauhari Published 24 Jun 2025, 10:11 AM IST Eppeltone Engineers share price sees a stellar listing. Eppeltone Engineers share price was listed with a stellar 90% premium at ₹ 243.20 on the NSE SME on Tuesday. The share gained further to hit 5% upper circuit post listing
Time of India
24-06-2025
- Business
- Time of India
Eppeltone Engineers IPO listing today, eyes 70% premium on debut
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Eppeltone Engineers is set to make its debut on the NSE SME platform today, with strong grey market signals pointing to a sharp premium. The last reported grey market premium (GMP) stood at Rs 90, implying a potential listing price of around Rs 218 — a gain of nearly 70% over the IPO price of Rs 128 per Rs 43.96 crore IPO, an entirely fresh issue of 34.34 lakh shares, was subscribed robustly across overall subscription stood at 24.49 times, with QIBs bidding 22.64 times, NIIs 69.19 times, and retail investors subscribing 15.09 times. The strong institutional interest signals confidence in the company's fundamentals and long-term in 1977, Eppeltone Engineers is a diversified manufacturer of electronic energy meters, smart metering systems , UPS devices, LED luminaires, battery packs, and various railway-related products, including neutral section assemblies and modular cantilever primarily caters to government clients and operates a 36,000 sq. ft. production facility in Greater Noida, with support units located in Noida and FY25, the company clocked revenue of Rs 125.74 crore and PAT of Rs 11.23 crore. Profitability has improved sharply over the years, with return on equity at 41%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
