Eppeltone Engineers Limited is a leading Indian manufacturer of electronic energy meters, power conditioning devices, and smart metering solutions, with a rich legacy dating back to 1977. Headquartered in Greater Noida, Uttar Pradesh, the company operates from a state-of-the-art 36,000 sq.ft. manufacturing facility and serves diverse clients including state utilities, central public sector undertakings, and private contractors across India. The Eppeltone Engineers IPO is scheduled to open for subscription from June 17 to June 19, 2025, with a total issue size of ₹43.96 crore.
₹90
₹128
₹243.20
Expert Opinions
Eppeltone Engineers IPO is generating moderate market interest, with sentiment influenced by broader SME segment trends and investor appetite for engineering sector offerings. The company stands out for its robust financial growth, reporting a revenue increase to ₹80.04 crores and a sharp rise in profit to ₹8.43 crores in FY 2024, reflecting strong operational efficiency. Eppeltone’s core strengths include its long-standing presence since 1977, technical expertise in manufacturing smart meters and power conditioning devices, and a diversified client base across government and private sectors. However, risks include its reliance on government contracts, potential fluctuations in project execution, and exposure to SME market volatility.
On valuation, the Eppeltone Engineers IPO boasts an impressive FY 2024 ROE of 41%, ROCE of 43%, and a Net Asset Value of ₹48.79, indicating efficient capital use and healthy returns. From a long-term perspective, the company’s consistent profitability and sectoral positioning suggest promising growth potential, making it a compelling option for investors seeking exposure to the engineering and infrastructure space.
Investor Considerations
Investors considering the Eppeltone Engineers IPO should assess the company’s strong performance and fundamentals, highlighted by revenue growth from ₹72.99 crore in FY2023 to ₹80.04 crore in FY2024 and a significant jump in net profit from ₹1.09 crore to ₹8.43 crore, reflecting improved operational efficiency and profitability. The sector outlook is positive, driven by India’s infrastructure modernization, increased smart metering adoption, and government initiatives supporting energy management solutions.
Eppeltone Engineers IPO valuation for FY2024 is reasonable, with a Price to Book Value of 2.62, PAT margin of 10.75%, and a debt/equity ratio of 0.79, indicating moderate leverage and healthy profitability. Growth prospects are robust, supported by rising demand for smart metering and energy management products. However, risk factors include reliance on government contracts, customer concentration, and potential regulatory changes. Short-term investors should be mindful of market volatility, while long-term investors may benefit from sustained sector growth and Eppeltone’s niche positioning.
| Date | GMP | Trend |
|---|---|---|
| 23 Jun 2025 19.53 | ₹90 | Up |
| 21 Jun 2025 10.51 | ₹70 | --- |
| 20 Jun 2025 19.49 | ₹70 | Down |
| 19 Jun 2025 15.57 | ₹75 | Up |
| 18 Jun 2025 15.34 | ₹60 | Down |
| 17 Jun 2025 13.32 | ₹65 | Up |
| 16 Jun 2025 11.20 | ₹60 | --- |
| 15 Jun 2025 12.03 | ₹60 | --- |
| 14 Jun 2025 10.51 | ₹60 | --- |
| 13 Jun 2025 10.49 | ₹60 | --- |
| 12 Jun 2025 19.10 | ₹60 | Up |
| 11 Jun 2025 13.35 | ₹30 | --- |
FAQs
The Grey Market Premium showed moderate accuracy in predicting Samay Project Services IPO’s listing performance. While the GMP of ₹90 predicted a significant premium of 70.31% over the issue price, the stock delivered an even stronger gain of 90%. With a prediction error of 11.56%, the GMP correctly predicted the positive listing direction but underestimated the magnitude of gains, demonstrating partial reliability as a directional indicator in this case.
Eppeltone Engineers IPO Current GMP is ₹90.
Eppeltone Engineers IPO Expected Returns is 70.31%.
Eppeltone Engineers IPO estimated listing price is ₹218.