The Rs 43.96 crore IPO, an entirely fresh issue of 34.34 lakh shares, was subscribed robustly across categories.
The 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 prospects.
Founded 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 systems.
It primarily caters to government clients and operates a 36,000 sq. ft. production facility in Greater Noida, with support units located in Noida and Okhla.
For 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%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
