Eppeltone Engineers IPO Upcoming
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Schedule of Eppeltone Engineers
| Issue open date | 17 Jun 2025 |
| Issue close date | 19 Jun 2025 |
| UPI mandate deadline | 19 Jun 2025 (5 PM) |
| Allotment finalization | 20 Jun 2025 |
| Refund initiation | 23 Jun 2025 |
| Share credit | 23 Jun 2025 |
| Listing date | 24 Jun 2025 |
| Mandate end date | 04 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 20 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 18 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Eppeltone Engineers
Eppeltone Engineers, founded in 1977, manufactures electronic energy meters, including smart meters, and power conditioning devices such as chargers and UPS systems. The company operates a single manufacturing plant and offers a product range that includes static watt-hour meters, water meters, BPL kits, LED luminaires, battery management systems, battery chargers, and various electrical components. Eppeltone primarily serves government entities and electricity distribution utilities, while also supplying private sector companies. The company provides customized solutions based on customer data analysis and operates mainly in the business-to-business (B2B) segment through direct contracts and project partnerships.
Financials of Eppeltone Engineers
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹43.96 crores |
| Fresh Issue | ₹43.96 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working Capital Requirement | 30 (68.24%) |
| Capital expenditure for installation of additional machinery | 5 (11.37%) |
| Issue expenses | – |
| General Corporate Purpose | – |
Peer comparison (FY 2024)
| Company | Revenue (operations) (In cr) | Profit after Tax (PAT) Margin | EBITDA | EPS (diluted) |
| Genus Powers Infrastructure | 1200.58 | 7.32% | 20,422.76 | 3.59 |
| Rishabh Instruments | 689.75 | 8.92% | 8,272.50 | 10.61 |
| Akanksha Power and Infrastructure | 53.26 | 5.00% | 617.47 | 1.82 |
| Eppeltone Engineers | 78.46 | 10.40% | 1,306.69 | 10.19 |
Strengths
- Eppeltone Engineers offers certified, cost-effective metering solutions backed by in-house R&D, advanced manufacturing, and strong DISCOM ties.
- Offers a wide, customizable product and service portfolio, enabling it to serve a diverse and expanding customer base.
- Trusted by major government utilities and contractors across India, with decades of proven experience.
Risks
- Lack of long-term supplier contracts may lead to raw material shortages, cost spikes, and production delays.
- The top ten clients contribute over 85% of revenue, and the absence of long-term contracts increases vulnerability to revenue loss if key clients are lost.
- Failure to meet client standards may lead to penalties, contract loss, or reputational damage.