Eppeltone Engineers Limited, a manufacturer of electronic energy meters and smart metering systems, has opened its ₹43.95 crore IPO for subscription, garnering early attention from SME investors. The company offers a diversified product range including power conditioning devices like UPS systems and chargers, catering to institutions, industrial clients, and electricity distribution utilities.

IPO Details:

The IPO comprises 100% fresh issue of 34.34 lakh equity shares, with a price band of ₹125 to ₹128 per share. The subscription period runs from June 17 to June 19, 2025, and the allotment is expected on June 20, 2025. The stock is scheduled to list on the NSE SME platform on June 24, 2025.

Business Overview:

Eppeltone Engineers specializes in manufacturing smart metering solutions and high-grade power conditioning equipment. Their key product categories include:

• Electronic energy meters

• Smart meters with communication modules

• High-grade industrial UPS systems

• Battery chargers

• Custom power backup solutions

Their client base includes utilities, industries, and institutions, offering scalable and customized solutions for modern energy management.

Management and Promoter Background:

The company is backed by a team of experienced engineers and promoters with deep expertise in power electronics, product engineering, and utility-based projects. Their technical capability positions them well amid India's growing focus on smart grid infrastructure and energy efficiency.

IPO Grey Market Premium (GMP) and Listing Outlook:

As per market watchers, Eppeltone Engineers’ IPO is quoting a Grey Market Premium (GMP) of ₹50, implying a potential listing price of ₹178, which translates to a 39% premium over the upper band.

⚠️ Note: GMP is unofficial, speculative, and not a regulated indicator of performance. Investors should exercise due diligence.

Allotment Status:

Allotment for the IPO will be finalized on Friday, June 20, 2025. Investors can check their status via the registrar’s website:

🔗 https://www.skylinerta.com

Steps to check IPO allotment:

1. Visit the registrar's website.

2. Select "Eppeltone Engineers IPO" from the dropdown.

3. Enter your PAN or application number.

4. Click on “Search” to view your allotment status.

Should You Subscribe?

With a GMP of ₹50 and a business model focused on smart energy infrastructure, the IPO is attracting investor interest. However, investors should consider:

• Strong demand for smart meters and government-led reforms in metering infrastructure

• Limited listed peers in SME segment, offering a first-mover advantage

• No prior market performance history as this is an SME IPO

The valuation appears reasonable, and if the GMP sustains, listing gains are likely. This makes it attractive for risk-seeking investors, particularly those familiar with the SME segment.

Disclaimer

This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks, and the Grey Market Premium is not officially regulated. Investors are advised to consult a SEBI-registered financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are Supertech EV, Valencia India, Neetu Yoshi, Abram Food, PRO FX Tech, Suntech Infra Solutions, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Ace Alpha Tech, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel.

The Current active IPO are  Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, Mayasheel Ventures.

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