EPW India IPO opens for subscription from December 22 to 24, 2025, with shares listing on NSE SME on December 30, 2025. The book-built issue raises ₹31.81 crore entirely through a fresh issue of 32.79 lakh shares at a price band of ₹95 to ₹97 per share. EPW India Limited specializes in IT electronics refurbishing, offering collection, segregation, dismantling, recycling, and lifecycle management of e-waste under India’s EPR framework. The EPW India IPO offers exposure to India’s circular economy and e-waste management growth.
₹00
₹97
₹
Expert Opinions
Market sentiment for EPW India IPO appears cautiously optimistic, fueled by rising regulatory focus on e-waste management and India’s circular economy push under EPR norms. Company strengths feature comprehensive IT electronics refurbishing capabilities, including collection, segregation, dismantling, and recycling, with revenue of ₹53.34 crore and PAT of ₹4.33 crore in FY 2025, demonstrating operational scale and compliance expertise. Risks include regulatory changes, technology obsolescence, competition from informal recyclers, and execution challenges in scaling collection networks.
Valuation analysis of EPW India IPO in 2025 reveals a Return on Equity (ROE) of 139.17%, ROCE of 35.03%, and Net Asset Value (NAV) of ₹6.44, signaling exceptional profitability and efficient capital deployment. Long-term investment perspective holds promise amid growing e-waste volumes, government mandates, and corporate sustainability goals, positioning EPW India for sustained revenue growth through expanded refurbishing capacity and EPR compliance services.
Investor Considerations
Investors assessing EPW India IPO should analyze the company’s impressive trajectory, with revenue exploding 188% to ₹53.34 crore and PAT soaring 485% to ₹4.33 crore in FY 2025 from FY24, fueled by B2C (54%) and B2B e-waste services. Sector outlook shines with India’s e-waste generation hitting 5.2 million tonnes annually and mandatory EPR compliance driving formal recycling demand.
Valuation analysis of EPW India IPO in 2025 presents a Price to Book Value of 15.06, PAT Margin of 8.13%, and Debt/Equity ratio of 2.32, balancing growth potential against leverage. Growth prospects leverage IPO funds for working capital and capacity, tapping corporate sustainability mandates. Risk factors include regulatory shifts, informal sector rivalry, and collection scalability hurdles. Long-term investors capture circular economy expansion, while short-term plays monitor policy execution and debt servicing.
| Date | GMP | Trend |
|---|---|---|
| 29 Dec 2025 20.01 | ₹00 | --- |
| 26 Dec 2025 21.23 | ₹00 | --- |
| 25 Dec 2025 20.02 | ₹00 | --- |
| 24 Dec 2025 19.46 | ₹00 | --- |
| 23 Dec 2025 19.32 | ₹00 | --- |
| 22 Dec 2025 19.44 | ₹00 | --- |
| 21 Dec 2025 00.27 | ₹00 | --- |
| 20 Dec 2025 00.30 | ₹00 | --- |
FAQs
EPW India IPO Current GMP is ₹00.
EPW India IPO Expected Returns is 0.00%.
EPW India IPO estimated listing price is ₹97.