Massive 160% Subscription: Eppeltone Engineers IPO GMP Surges Ahead of NSE SME Listing

The Rs. 41.75 crore IPO of Eppeltone Engineers Ltd. saw an overwhelming response from investors closing with a total subscription of 160.49 times on the final day, Wednesday, June 19. The Eppeltone Engineers IPO, which opened on June 17, will now move to the allotment stage, with shares expected to list on the NSE SME platform on Tuesday, June 24.

Strong Investor Demand Across Segments

The Eppeltone Engineers IPO received massive interest across investor categories. As per the data, the retail portion was subscribed 160.99 times, the non-institutional investor (NII) category 283.36 times, and the qualified institutional buyer (QIB) segment 67.29 times.

Eppeltone Engineers IPO Details

The price band for the IPO was fixed at ₹128 per share, with a minimum lot size of 1,000 shares. This meant that retail investors needed to invest a minimum of Rs. 1.28 lakh to participate, while HNIs were required to apply for at least two lots, amounting to Rs. 2.56 lakh. Market participants suggested bidding at the cut-off price due to the high demand.

The public issue consists entirely of a fresh issue of 32.62 lakh equity shares, with no offer for sale (OFS) component.

The Eppeltone Engineers IPO allotment date is expected on Friday, June 20, with shares likely to be credited to demat accounts by June 22. The listing on the NSE SME exchange is tentatively scheduled for Tuesday, June 24, 2025.

Grey Market Premium Points to Strong Listing Gains

The grey market premium (GMP) for Eppeltone Engineers IPO surged significantly during the bidding window. As of Thursday morning, the GMP was reported at Rs. 62 per share. Based on the upper end of the price band, the expected listing price is around ₹190, indicating potential listing gains of 48.44%. As per data from Investorgain website.

Eppeltone Engineers Financials

Eppeltone Engineers Limited reported a good financial performance for the year ended March 31, 2025, The company posted a revenue of Rs. 125.74 crore,with a 57% increase year-over-year. Its profit after tax (PAT) rose to Rs. 11.23 crore, up 38% from the previous year,The EBITDA stood at Rs. 17.78 crore. Eppeltone's total assets reached Rs. 123.80 crore, while its net worth stood at Rs. 40 crore

Key Managers and Market Maker

The Eppeltone Engineers IPO is being managed by Expert Global Consultants Pvt. Ltd. as the book-running lead manager, while Skyline Financial Services Pvt. Ltd. is the registrar. Prabhat Financial Services Ltd. is acting as the market maker for the issue.

About Eppeltone Engineers

Eppeltone Engineers is engaged in engineering and infrastructure services, with a focus on project execution, design, and technology integration. The company aims to capitalize on the growing infrastructure development in India, making it attractive to investors seeking exposure to this high-growth sector.