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