EPW India IPO
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EPW India IPO details
Schedule of EPW India
| Issue open date | 22 Dec 2025 |
| Issue close date | 24 Dec 2025 |
| UPI mandate deadline | 24 Dec 2025 (5 PM) |
| Allotment finalization | 26 Dec 2025 |
| Refund initiation | 29 Dec 2025 |
| Share credit | 29 Dec 2025 |
| Listing date | 30 Dec 2025 |
| Mandate end date | 09 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 25 Jan 2026 |
| Lock-in end date for anchor investors (remaining) | 26 Mar 2026 |
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 EPW India
EPW India Limited was incorporated on April 16, 2021, and is headquartered in Hyderabad, Telangana. The Company was promoted by Yousuf Uddin, Mohd Fasi Uddin, and Mohd Zaki Uddin, who bring hands-on experience in managing and scaling operations in the refurbished electronics segment. The Company operates in the IT electronics refurbishment industry, focusing on the procurement, refurbishment, and resale of used IT assets. Its operations cover an end-to-end reverse supply chain, including sourcing used laptops, desktops, Chromebooks, monitors, and peripherals, refurbishing them to near-new condition, and distributing them to customers.
EPW India serves both business-to-business and direct-to-consumer segments through its physical retail outlets and online channels. Its key offerings include refurbished computing devices and accessories at competitive price points compared to new products. The business model emphasises cost efficiency, quality control, and faster turnaround cycles. The Company’s strengths lie in its integrated refurbishment capabilities, multi-channel sales approach, and focus on affordability and sustainability within the growing refurbished electronics market.
Financials of EPW India
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 31.81 |
| Fresh Issue – Proceeds go to the company | 31.81 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Working capital requirement | 14.28 (44.90%) |
| Repayment of banking facilities | 8.5 (26.70%) |
| General corporate purposes | 9.03 (28%) |
Strengths
- Integrated end-to-end IT refurbishment and reverse supply chain model.
- Dual B2B and D2C sales channels through stores and online platforms.
- Experienced promoters with active involvement in daily operations.
- Growing demand for affordable and sustainable refurbished electronics.
- Scalable business with improving revenues and profitability trends.
Risks
- Dependence on a steady supply of used IT assets without long-term contracts.
- Exposure to the price volatility of components used in refurbishment.
- Working capital–intensive operations with reliance on external funding.
- Competitive market with organised and unorganised refurbishers.
- Regulatory and compliance risks related to e-waste management and imports.
Allotment Status for EPW India
To check your IPO allotment status:
- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status
Subscription Figures for EPW India
As per media reports (Link), the Grey Market Premium (GMP) of EPW India is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 05:00 PM on December 24, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 6.23 | 7.26 | 1.17x |
| NII | 4.68 | 7.18 | 1.53x |
| Retail | 10.92 | 14.28 | 1.31x |
| Total | 21.83 | 28.72 | 1.32x |