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EPW India Limited IPO – Subscription Status, Dates, and Application Process

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Anshika

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EPW India Limited has opened its Initial Public Offering (IPO) on the NSE SME platform. The issue forms part of the company’s plan to raise capital through a public issue in line with disclosures made in its offer documents.

About EPW India Limited

EPW India Limited is engaged in the procurement, refurbishment, and resale of pre-owned IT and electronic equipment. The company operates across both B2B and B2C channels, covering activities such as sourcing used devices, data sanitisation, testing, refurbishment, quality checks, and resale.

Its product portfolio primarily includes refurbished laptops, desktops, Chromebooks, monitors, and related IT peripherals. The company’s operations are aligned with the reuse and refurbishment segment within the electronics lifecycle, as outlined in its Red Herring Prospectus.

EPW India Limited IPO Subscription Status

The EPW India Limited IPO subscription status reflects bids received across investor categories during the public issue period. The EPW India Limited IPO opened for public subscription on 22nd December 2025. The issue is being offered at a price band of ₹95–₹97 per equity share and will remain open until 24 December 2025.

EPW India Limited IPO Day 1 Subscription (22 December 2025)

Based on exchange data available at the close of bidding on Day 1, the EPW India Limited IPO recorded an overall subscription of 0.10×. Within this, Retail Individual Investors (RII) subscribed 0.11×, Non-Institutional Investors (NII) subscribed 0.17×, while Qualified Institutional Buyers (QIB) stood at 0.00×.

Investor Category Subscription Status (As of 4:00 PM on Day 1)

Qualified Institutional Buyers (QIB)

0.00×

Retail Individual Investors (RII)

0.11×

Non-Institutional Investors (NII)

0.17×

Total

0.10×

The EPW India Limited IPO Day 1 subscription remained subdued across categories, with limited bids logged in the final reporting window despite retail leading marginally.

EPW India Limited IPO Price Band and Lot Size

The price band and lot structure for the EPW India Limited IPO are as follows:

  • Price Band: ₹95 – ₹97 per equity share

  • Face Value: ₹5 per equity share

  • Lot Size: 1,200 equity shares per application

At the upper end of the price band:

  • Minimum Investment (Retail): ₹2,32,800 (2,400 shares × ₹97)

  • Retail Application Limit: As per SME IPO norms applicable under SEBI regulations

For detailed company information, issue structure, and official disclosures, refer to the EPW India Limited IPO section on Bajaj Markets.

EPW India Limited IPO Open Date, Close Date, and Allotment Date

The key milestones for the EPW India Limited IPO are outlined below, subject to confirmation through official exchange and registrar announcements.

Event Date Description

IPO Opening Date

22nd December 2025

Public subscription begins

IPO Closing Date

24th December 2025

Subscription window ends

Basis of Allotment Finalisation

26th December 2025 (Tentative)

Registrar finalises allotment

Refunds Initiation / Shares Credited to Demat

29th December 2025 (Tentative)

Funds refunded or shares credited

Listing Date (Tentative)

30th December 2025

Shares proposed to list on NSE SME

These dates are important for you to track the IPO process, check allotment status, and prepare for listing.

How to Apply for EPW India Limited IPO

Applications for the EPW India Limited IPO can be submitted using ASBA or UPI mechanisms through authorised banking and broker/trading platforms.

Through ASBA (Net Banking / Bank Portal)

To apply via ASBA, follow the steps below:

Step 1: Ensure you have a Demat account and a bank account linked to a Self Certified Syndicate Bank (SCSB)

Step 2: Log in to your net banking portal

Step 3: Navigate to the IPO / ASBA section

Step 4: Select EPW India Limited IPO. Enter your bid details (lot size, number of lots) and Demat account information

Step 5: Confirm your application. The amount gets blocked (not debited) until allotment

Step 6: If shares are allotted, your account is debited; otherwise, blocked funds are released back

The bid amount remains blocked in the linked bank account until allotment finalisation.

Through UPI via Broker Platforms (e.g. Trading App)

If you prefer applying through a broker or trading app, follow these steps:

Step 1: Log in to your broker/trading app

Step 2: Go to the IPO or ‘Bids’ section. Select EPW India Limited IPO

Step 3: Enter the lot quantity and your UPI ID. Ensure the quantity is a multiple of 1,200 shares

Step 4: Submit the bid. A mandate request will pop up in the UPI app. Approve it

Step 5: The application amount will be blocked via UPI. It will be debited only if shares are allotted; otherwise, the block is released after the issue closes

Both methods are accepted under current regulations. Using ASBA or UPI allows applications to be submitted with funds remaining blocked until the allotment process is completed.

Check other Upcoming IPOs here: Upcoming IPO

Disclaimer

The information provided above is based on publicly available disclosures, exchange data, and offer documents related to the EPW India Limited IPO. Subscription figures are subject to change during the bidding period and are updated based on official exchange releases. Readers are advised to verify details through authorised sources before relying on the information.

Sources:

LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo

Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo

Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/

NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos

Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Hi! I’m Anshika
Financial Content Specialist

Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact. 

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