
EPW India IPO Subscription Day 1
Posted by : sachet | Mon Dec 22 2025

Here, the EPW India IPO launched on 22nd December 2025. Bidding for the issue will close today, 30th December 2025. The primary aim of the EPW India IPO is to raise ₹31.81 crores from the market. Also, the EPW India IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the EPW India IPO subscription and details.
EPW India IPO Details
| IPO Open Date | 22nd December 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹95 to ₹97 per share |
| Lot Size | 1,200 Shares |
| Issue Type | Bookbuilding Issue |
| Listing At | NSE & SME |
| IPO Close Date | 24th December 2025 |
| Listing Date | 30th December 2025 |
The price band for Riddhi Display Equipment’s IPO has been set at ₹95 to ₹97 per share, and a total of 32,79,600 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 1,64,400 | 5.01% |
| QIB shares offered | 15,55,200 | 47.42% |
| NII (HNI) Shares Offered | 4,68,000 | 14.27% |
| Retail Shares Offered | 10,92,000 | 33.30% |
| Total Shares Offered | 32,79,600 | 100.00% |
EPW India IPO Subscription Status
As of now, the EPW India IPO has been subscribed to 0.10 times. Of these, 0.11 times are subscribed by retail investors, 0.21 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of EPW India’ IPO listing on 30th December 2025. EPW India also has a positive outlook behind the fresh issue of 0.33 crore shares, which will raise around Rs 31.81 crores.
EPW India IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the EPW India IPO GMP for 22nd December 2025.
The grey market premium for this IPO has surged to 0.00% or Rs 0.00 per share. It indicates that the estimated listing price per share is Rs 97.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 22-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 21-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 20-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 19-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 18-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 17-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 16-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
| 15-12-2025 | ₹97.00 | ₹0.00 | ₹97.00 | 0.00% |
About EPW India Ltd.
EPW India is an IT electronics refurbishing company providing affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories through both B2B and direct-to-consumer channels. The company procures laptops, desktops, Chromebooks, and peripherals, refurbishes them to new condition, and resells them directly to end-use customers. With a 4,500 sq. ft. in-house refurbishment facility and a skilled team of 32 technicians, it ensures every product undergoes a 15–20-day process of testing, repair, cleaning, and software installation before sale. The company is committed to delivering reliable, sustainable, and cost-effective IT products. In FY 2025, It generated 54.29% of revenue from the B2C segment and the remaining 45.20% from B2B sales.
EPW India Limited Financials
The company’s financial analysis is essential before applying for the EPW India IPO. Look at the table to learn about EPW India Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 | 31st March 2023 |
| Assets | 42.49 | 26.55 | 8.10 | 6.25 |
| Revenue | 44.04 | 53.34 | 18.55 | 6.66 |
| Profit After Tax | 4.02 | 4.33 | 0.74 | 0.06 |
| EBITDA | 6.37 | 6.21 | 1.03 | 0.11 |
| Net Worth | 9.23 | 5.28 | 0.85 | 0.11 |
| Reserves and Surplus | 5.13 | 5.18 | 0.85 | 0.11 |
| Total Borrowings | 16.96 | 12.25 | 0.23 | 0.58 |
Explanation
EPW India Limited’s revenue increased by 188% from ₹18.55 crores in March 2024 to ₹53.34 crores in March 2025. Moreover, the company’s PAT increased by 485% from ₹0.74 crores in March 2024 to ₹4.33 crores in March 2025.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the EPW India IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 18.36 |
| EPS (Earnings Per Share) | 5.28 |
| RoNW | 82.06% |
| ROCE | 35.03% |
| ROE | 53.00% |
| EBITDA Margin | 11.64% |
| Price to Book Value | 15.06 |
| Market Capitalisation | ₹111.35 Cr |
EPW India IPO Listing Expectations
EPW India IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 0.00% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 97.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
EPW India IPO Dates
| IPO Open Date | 22nd December 2025 |
| IPO Close Date | 24th December 2025 |
| Allotment | 26th December 2025 |
| Refund Date | 29th December 2025 |
| IPO Listing Date | 30th December 2025 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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