Synopsis
Eppeltone Engineers, an Indian energy solutions provider since 1977, launches its Rs 43.96 crore IPO on NSE SME, opening Tuesday and closing Thursday, with shares priced at Rs 125-Rs 128. The IPO aims to raise capital for working funds, new machinery, and general corporate needs, following a 57% revenue increase and a 38% profit growth in FY25.

Eppeltone Engineers, a long-standing player in India’s energy solutions and metering sector, is opening its Rs 43.96 crore IPO for subscription on Tuesday. The IPO will close on Thursday and the shares are proposed to be listed on NSE SME on June 24.
The IPO is entirely a fresh issue of 34.34 lakh equity shares, with the price band fixed at Rs 125–Rs 128 per share. Investors can bid for a minimum of 1,000 shares per lot, requiring an investment of Rs 1.28 lakh for retail applicants. HNIs must apply for at least two lots (Rs 2.56 lakh).
The Noida-headquartered company, founded in 1977, manufactures and supplies a wide range of energy management devices, including static and smart meters, watt-hour meters, BPL kits, LED lighting systems, advanced UPS solutions, battery chargers, and other railway and power sector equipment.
Its key clientele includes Indian government agencies, electricity boards, and institutional buyers across the infrastructure ecosystem.
Eppeltone’s 36,000 sq. ft. manufacturing facility in Greater Noida forms the backbone of its operations, supplemented by support units in New Delhi. With 59 permanent employees, the company is known for its robust R&D capabilities and a focus on sustainability-driven energy products.
For FY25, the company's revenue rose 57% year-on-year to Rs 125.74 crore, while profit after tax increased 38% to Rs 11.23 crore.
Proceeds from the IPO will be used to meet working capital requirements (Rs 30 crore), fund capital expenditure for new machinery (Rs 5 crore), and cover general corporate purposes and issue expenses.
Expert Global Consultants is the book-running lead manager, Skyline Financial Services is the registrar.
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