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EPW India Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the EPW India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹97

Per Share

Lot Size

1200 Shares

Minimum Investment

₹1,16,400

Issue Size

₹31.81 Cr

Face Value

₹5

Per Share

IPO Type

Book Building - SME

Retail Quota

35.05%

QIB Quota

49.92%

NII Quota

15.03%

IPO Timeline

Important dates for your applying strategy.

IPO Opens22 Dec
IPO Closes24 Dec
Basis of Allotment26 Dec
Refund Initiation29 Dec
Shares Credited29 Dec
Listing Date30 Dec
IPO Process Completed

Subscription Status

Live demand across investor categories.

Track real-time subscription levels:

*Real-time data subject to exchange updates

Qualified Institutional Buyers (QIB)1.17x
Non-Institutional Investors (NII)1.39x
Retail Individual Investors (RII)1.31x
Overall Subscription1.29x

EPW India Ltd

Business model, operations, and market positioning.

Promoter Holding (Pre-Issue)

100%

Promoter Holding (Post-Issue)

71.4%

Issue Type

Book Building - SME

ISIN

INE1KEC01023

About the Company

The Company is IT electronics refurbishing company providing refurbished electronics by using two different Supplychain method (Direct to consumer and Business to Business) at significant prices as compared to new products. Its business model encompasses end to end reverse supply chain for IT assets. It involves procuring used IT assets (laptops, desktops, Chromebook and peripherals), refurbishing them to as close to new condition, and selling them directly to end use customers businesses or retail. Currently, the company sells IT products like laptops, desktops, Chromebook, monitors, and accessories (keyboards, mouse, etc.) through its own shops and website.

Industry Overview

The refurbished electronics market size worldwide was valued at US$ 48.29 billion in 2023, which is expected to expand at a CAGR of 10% to reach US$ 94.10 billion by 2030. North America has been a significant player and the largest market for refurbished electronics, primarily because of its well-developed e-commerce infrastructure, tech-savvy population and consumer awareness of sustainability. Europe is the second largest market for refurbished electronics, and it has gained traction due to stringent regulations promoting sustainable practices and consumer protection. Asia-Pacific is the third largest market, and it is growing significantly in the refurbished electronics market, driven by a large population, increasing urbanisation, and rising smartphone ownership. Countries like India, South Korea and China have posted a rise in demand for refurbished smartphones and other electronic devices, serving the budget-conscious consumers.

Company History

The Company was originally incorporated as EPW India Private Limited on April 16, 2021 under the Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies Central Registration Centre, Manesar. Subsequently, the name of the company was changed from "EPW India Private Limited" to "EPW India Limited" under The Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the Extra-Ordinary General Meeting held on November 25, 2024 and had obtained fresh certificate of incorporation dated December 26, 2024 issued by the Registrar of Companies/ Central Processing Centre, Manesar with Corporate Identification Number of the Company U72900TG2021PLC150671.

Products & Services

  • The Company is IT electronics refurbishing company providing refurbished electronics by using two different Supplychain method (Direct to consumer and Business to Business) at significant prices as compared to new products.

Growth Strategy

  • Expanding its footprint and increase its market presence.
  • Enhancing its Brand Image.
  • Continue to strive for cost efficiency.
  • Establish and strengthen Long Term Relationship with dealers and customers.

Customer Base

Wholesaler and Retailer

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Consolidated figures
Financial Performance Categories

Revenue

+480%vs FY24

Amount in ₹ crore

18.5
53.3
107
FY24FY25FY26

Profit After Tax (PAT)

+1293%vs FY24

Amount in ₹ crore

0.74
4.25
10.3
FY24FY25FY26

Total Assets

+826%vs FY24

Amount in ₹ crore

8.11
28.5
75.1
FY24FY25FY26

Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public issue of up to 32,79,600 equity shares of face value of Rs. 5/- each of EPW India Limited ("EPW" or the "company" or the "issuer") for cash at a price of Rs. 97 per equity share including a share premium of Rs. 92 per equity share (the "Issue Price") aggregating to Rs. 31.81 crores ("the Issue"), of which 1,64,400 equity shares of face value of Rs. 5/- each for cash at a price of Rs. 97 per equity share including a share premium of Rs. 92 per equity share aggregating to Rs. 1.59 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 31,15,200 equity shares of face value of Rs. 5/- each at a price of Rs. 97 /- per equity share including a share premium of Rs. 92 /- per equity share aggregating to Rs. 30.22 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 28.57% and 27.14%, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 97 per equity share of face value Rs. 5/- each. The floor price is 19.4 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

Strengths and Risk Factors
  • Wide Range of Products.
  • Experienced Team of Individuals.
  • Reliable Warranty Service.
  • Multiple Sales Channels.
  • Experienced Promoters and Management Expertise.
  • The company may be adversely affected by its dependence on IT Supplies, exposure to price volatility, and the absence of long-term supply contracts.
  • The company does not own the premises in which its registered office is located and the same are on lease arrangement. Any termination of such lease/ license and/ or non-renewal thereof and attachment by Property Owner could adversely affect our operations.
  • Inability to effectively manage inventory levels and fluctuations in prices of key components used in the refurbishment process may increase its operational costs and adversely impact the company business, profitability and cash flows.
  • The Company's business model is highly dependent on a reliable and efficient supply chain for the procurement of used laptops, components and other materials necessary for the refurbishment process. Any disruption in this supply chain may have a significant negative impact on the Company's operations, production schedules, and financial performance.
  • The company may not be able to successfully manage the growth of its business if the company is unable to maintain adequate internal systems, processes and controls.

Frequently Asked Questions

01

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.
03

When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.
04

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.
05

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.