EPW India Limited IPO
EPW India Limited IPO
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EPW India Limited's completed its IPO journey with a successful listing on NSE on 30-12-2025. The public offering mobilized 32,79,600 Shares in total capital, comprising 32,79,600 Shares in fresh equity.
The offering was conducted within the price band of ₹95 to ₹97, with minimum application lots of 1200 shares. Investor participation during the 22-12-2025 to 24-12-2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on 26-12-2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
EPW India IPO About Company
EPW India is an IT electronics refurbishing company that offers affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories through both B2B and direct-to-consumer channels. The company procures used IT equipment, refurbishes it to near-new condition, and sells it directly to end customers after a detailed 15–20 day process involving testing, repair, cleaning, and software installation at its 4,500 sq. ft. in-house facility, supported by a team of 32 technicians. Focused on sustainability and cost efficiency, EPW India generated 54.29% of its FY 2025 revenue from the B2C segment and 45.20% from B2B sales.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
EPW India IPO Strength Factors
- Wide and Versatile Refurbished Product Range – Offers refurbished laptops, desktops, Chromebooks, and peripherals across brands and price points, serving students, professionals, businesses, and budget-focused customers.
- Experienced and Skilled Technical Team – Trained engineers and technicians ensure proper refurbishment, consistent quality, and reliable product performance across education, corporate, and retail segments.
- Strong Warranty and After-Sales Support – All products come with warranty-backed repair or replacement support, building customer confidence and encouraging repeat purchases.
EPW India IPO Risk Factors
- Dependence on IT Equipment Supply and Price Fluctuations – The business relies on timely availability of IT products and components, and price volatility without long-term supply contracts may affect costs, margins, and competitiveness.
- Operational Risk from Leased Premises – Running offices and warehouses on leased properties exposes the company to risks from lease termination, non-renewal, or disruptions that could impact operations.
- Inventory and Component Cost Management Risk – Poor demand forecasting, procurement delays, or rising component prices may lead to higher inventory costs, increased working capital needs, and lower profitability.
EPW India IPO Lead Manager(s)
- GetFive Advisors Private Limited
EPW India IPO Promoter(s)
- Yousuf Uddin
- Mohd. Fasi Uddin
- Mohd. Zaki Uddin
EPW India IPO FAQs
EPW India Limited IPO subscribed 1.39 times. The public issue subscribed 1.31 times in the retail category,1.17times in QIB, and 1.51 times in the HNI (10+) category byDecember 30, 2025 4:32:41 AM (Day 30).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
EPW India IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
EPW India IPO FAQs
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The basis of allotment for EPW India Limited IPO is available now.
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .
