Table of Contents
1. IPO Snapshot
Symbol: EEPL
IPO Open Date: June 17, 2025
IPO Close Date: June 19, 2025
IPO Allotment Date: June 20, 2025
IPO Listing Date: June 24, 2025
Issue Size: ₹43.96 Crore (Fresh issue of 34.34 lakh shares)
Issue Type: SME Book-built Issue
Price Band: ₹125 – ₹128 per share
Lot Size: 1,000 shares
Minimum Investment: ₹128,000 per lot
Listing Exchange: NSE SME
2. Company Overview
- Eppeltone Engineers Ltd is a company working in the industrial manufacturing space, especially focused on the electrical equipment and machinery segment. The company designs and makes smart energy meters, transducers, power-conditioning devices, and other control instruments. These products are used to help businesses and organizations manage and monitor electrical systems more efficiently. The company is known for its efforts in developing accurate and reliable instruments that help in measuring, controlling, and distributing electrical power. Eppeltone’s mission is to create products that support the rising demand for smarter electrical systems. With continuous investment in innovation, the company aims to stay relevant and valuable in sectors like infrastructure and utility services. Their products are important for electricity boards, industries, and infrastructure developers who want to improve energy monitoring and reduce losses.
3. Grey Market Premium (GMP)
As of the latest available data, the grey market premium for Eppeltone Engineers Ltd is around ₹63 per share which is approx. 49 percent. This suggests positive investor interest and a whopping listing gain. Considering the issue price is ₹128, it’s important to understand that grey market rates can change quickly based on market sentiment.
Investors should not rely only on GMP while making investment decisions. Instead, they should focus on business fundamentals and risk factors.
4. Shariah Compliance Status
According to a detailed screening from the IslamicStock app, Eppeltone Engineers Ltd is fully Shariah compliant.
✅ The business activities are halal, and the company has passed all key financial filters.
✅ The impermissible income to total revenue is less than 5 percent.
✅ The interest-bearing debt to total assets is less than 33 percent.
✅ The illiquid assets to total assets ratio is greater than 20 percent.
✅ The non-compliant investments to total assets ratio is less than 33 percent.
✅ The net liquid assets compared to market capitalisation meet Shariah standards.
This clean status makes it a permissible option for Shariah-conscious investors who want to align their investments with ethical and religious guidelines.
5. Subscription Status
The IPO is scheduled to open on June 17, 2025 and will close on June 19, 2025. Since the issue period is yet to begin, no subscription figures are available at this time.
Exchanges reflect that the subscription status is currently showing zeros across all categories (QIB, NII, RII). As the IPO progresses through the bidding window, live subscription data will be updated daily. This will enable investors to assess demand across institutional and retail segments.
Full subscription numbers will only be available after June 19. Following this, exchanges and financial platforms will release categorized statistics.
6. Final Thoughts
Eppeltone Engineers Ltd seems to offer a good opportunity for investors looking at SME IPOs with strong fundamentals.
The company is active in a relevant and growing sector focused on energy efficiency and smart monitoring. Its product range supports industrial and infrastructure needs, which aligns well with India’s ongoing growth in power and construction sectors.
The GMP data suggest a chance for listing gains. At the same time, long-term investors may also find value in the business model if the company continues to innovate and expand.
Shariah compliance adds an extra layer of comfort for faith-based investors. However, being an SME IPO, it carries the usual risks of lower liquidity and higher volatility.
Investors should carefully review the risks mentioned in the company’s offer document before making a decision.
7. Disclaimer
This article is for educational purposes only and does not give any investment advice. Please consult your financial advisor before making any investment. Investing in IPOs and the stock market involves risks. The data provided here is based on publicly available information at the time of writing, and we do not guarantee its accuracy or completeness. The investor must carry out their own research and due diligence before investing.