Listed

Eppeltone Engineers Limited IPO

Eppeltone Engineers Limited, established in 1977, is an experienced manufacturer specializing in electronic energy metering and power control solutions. The company offers a diverse portfolio that includes static and smart energy meters, water meters, SMPS (Switch Mode Power Supplies), AVRs (Automatic Voltage Regulators), and UPS systems.

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Min Investment

₹1,28,000

Lot Size

1,000 Shares

Price Range

₹128.0

Issue Size (₹ Cr.)

₹43.96

IPO Type

NSE SME

Key Metrics

Face Value

₹ 10

GMP

₹ 105.0

Subscription

296.34x

EPS

₹ 8.67

P/E Ratio

14.77 x

RoNW

40.79%

ROE

41%

Debt to Equity (₹ Cr.)

0.79

Timeline

IPO Opened17/06/2025Tuesday

IPO Closed19/06/2025Thursday

Allotted20/06/2025Friday

Refunded23/06/2025Monday

Listed24/06/2025Tuesday

Strengths

Long-standing Industry Experience With over 45 years in the electrical and electronics industry, the company has deep technical expertise and a strong track record in developing reliable energy metering solutions.
Diverse Product Portfolio Eppeltone offers a wide range of products, including smart meters, water meters, SMPS, and control devices—catering to both utility and industrial clients.
Advanced Manufacturing & Testing Infrastructure The company operates from a modern production unit with NABL-accredited testing facilities, ensuring high standards of quality and regulatory compliance.
Strong Regulatory and Quality Certifications It holds ISO 9001, ISO 14001, ISO 27001, and BIS certifications, reinforcing its commitment to quality, environmental responsibility, and information security.
Established Client Base Eppeltone supplies its products to multiple state electricity boards and private sector contractors, reflecting its credibility and acceptance in the power distribution sector.

Weaknesses

Dependence on Government Contracts A significant portion of revenue comes from state electricity boards and public sector tenders, making the business vulnerable to policy delays and payment cycles.
Limited Brand Visibility in Private Markets Despite decades of experience, the company has a relatively low brand profile among large-scale private infrastructure and industrial clients.
Product Concentration Risk While diversified within energy metering and power electronics, its core focus remains in a niche segment, limiting resilience to shifts in industry demand.
Scale Compared to Larger Peers As an SME player, Eppeltone operates at a smaller scale than major metering companies, which may impact its competitiveness on pricing and delivery timelines.
Technology Adoption Pace In a rapidly evolving field like smart metering and IoT integration, Eppeltone must continually invest in R&D to keep pace with emerging technologies and global standards.