| The initial public offer (IPO) of EPW India received bids for 4,54,800 shares as against 23,47,200 on offer, as per NSE data as of 17:00 hours on Monday (22 December 2025). The issue was subscribed 0.19 times.
The issue opened for bidding on Monday (22 December 2025) and it will close on Wednesday (24 December 2025). The price band of the IPO is fixed between Rs 95 to Rs 97 per share. The minimum order quantity is 1,200 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 32,79,600 equity shares. About 1,64,400 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 31,15,200 equity shares.
The company intends to utilize the net proceeds to meet working capital requirements, repayment of banking facilities availed by the company and general corporate purpose.
Ahead of the IPO, EPW India on 19 December 2025, raised Rs 9.04 crore from anchor investors. The board allotted 9.32 lakh shares at Rs 97 per share to 3 anchor investors.
EPW India is an IT electronics refurbishing company that provides refurbished electronic products at significantly lower prices compared to new products, using two supply chain models: direct-to-consumer (D2C) and business-to-business (B2B). The company’s business model encompasses an end-to-end reverse supply chain for IT assets. This involves procuring used IT assets such as laptops, desktops, Chromebooks, and peripherals, refurbishing them to near-new condition, and selling them directly to end users, including businesses and retail customers. Currently, the company sells IT products such as laptops, desktops, Chromebooks, monitors, and accessories (keyboards, mouse, etc.) through its own retail stores and website. As of 30 September 2025, the company had a total of 84 employees.
The company recorded revenue from operations (Sales) of Rs 44.03 crore and net profit of Rs 4.02 crore for the period ended 30 September 2025.
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