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Eppeltone Engineers IPO
Eppeltone Engineers Ltd
₹1,25,000 /1000 sharesMinimum Investment
Eppeltone Engineers IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹128.00 | ₹243.20 | ₹115.20 (90.00%) |
Eppeltone Engineers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 17 Jun ‘25 - 19 Jun ‘25 | ₹1,25,000 | 1,000 | ₹125 - ₹128 |
| Issue Size | IPO Doc |
|---|---|
| 43.96Cr | RHP PDF |
Subscription rate
As of 19 Jun'25, 04:00 PM
| Qualified Institutional Buyers | 112.36x |
| Non-Institutional Investor | 437.45x |
| Retail Individual Investor | 196.45x |
| Total | 208.45x |
About Eppeltone Engineers
Founded in
2002
Managing director
Mr Rohit Chowdhary
Parent organisation
Eppeltone Engineers Ltd
Strengths & Financials of Eppeltone Engineers
Strengths
Risks
The company claims to operate a 36,000 sq. ft. manufacturing facility in Greater Noida, Uttar Pradesh, comprising a 28,000 sq. ft. production area and an 8,000 sq. ft. supporting space. The facility includes surface mount technology (SMT) lines, printed circuit board (PCB) lines, automatic moulding machines, and fully automatic testing equipment. It also operates from offices in Noida, Uttar Pradesh, and Okhla, New Delhi, and has a National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited in-house research and development (R&D) lab.
Eppeltone Engineers claims to have long-standing relationships with over 30 state government electricity distribution companies (DISCOMs), central public sector undertakings (PSUs), and several private turnkey contractors across India.
The company claims to maintain strong relationships with its suppliers, enabling the timely procurement of quality raw materials.
Eppeltone Engineers claims that its in-house product testing capabilities help reduce development time and manufacturing costs.
Eppeltone Engineers claims to offer a wide range of products and turnkey services, including energy metering systems, power conditioning devices, and customised electrical solutions.
The company holds ISO 9001 certification for quality management systems, ISO 14001 certification for environmental management systems, and ISO 27001 certification for information security management systems.
The company has witnessed a consistent increase in profit after tax (PAT). It increased from Rs 0.24 crore in FY22 to Rs 1.09 crore in FY23 and Rs 8.43 crore in FY24.
The top 10 customers accounted for 96.05 percent, 95.20 percent, 89.13 percent and 90.67 percent of the company’s total sales in the period ended September 30, 2024, FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
The company reported negative cash flow from operating activities amounting to Rs 4.17 crore in the period ended September 30, 2024. Furthermore, negative cash flow from investing activities amounted to Rs 5.60 crore in the period ended September 30, 2024, Rs 4.62 crore in FY24, Rs 1.25 crore in FY23, and Rs 1.70 crore in FY22. Additionally, the company reported negative cash flow from financing activities in FY22, amounting to Rs 0.88 crore. The company had also experienced a net decrease in cash and cash equivalents amounting to Rs 4.53 crore in the period ended September 30, 2024. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
As of September 30, 2024, the company had total trade receivables amounting to Rs 34.58 crore. This is a sharp increase from Rs 27.33 crore in FY24, Rs 16.56 crore in FY23, and Rs 8.10 crore in FY22. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company’s raw material purchases accounted for Rs 47.77 crore (99.68 percent) of the company’s revenue from its energy metres segment in the period ended September 30, 2024, Rs 54.94 crore (70.02 percent) in FY24, Rs 31.43 crore (68.47 percent) in FY23, and Rs 15.32 crore (70.26 percent) in FY22. Any disruption in the supply chain or increase in raw material costs could adversely affect the company’s financial performance.
A significant portion of the company’s revenue is derived from contracts through government tenders. They accounted for Rs 41.43 crore (82.49 percent) of the company’s revenue from the electric metres segment in the period ended September 30, 2024, Rs 15.91 crore (72.98 percent) in FY24, Rs 34.43 crore (75.02 percent) in FY23, and Rs 69.63 crore (88.75 percent) in FY22. Any inability to secure such tenders in the future could adversely affect the company’s business operations and financial conditions.
The company is involved in certain ongoing criminal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of September 30, 2024, the company had contingent liabilities amounting to Rs 19.91 crore, a sharp increase from Rs 16.33 crore in FY24, Rs 12.23 crore in FY23, and Rs 11.37 crore in FY22. If any of these contingent liabilities materialise, it can adversely affect the company’s financial condition.
Eppeltone Engineers engages in international transactions and is subject to currency fluctuation risks and foreign exchange control regulations under the Foreign Exchange Management Act (FEMA). The company’s import purchases for raw materials accounted for Rs 13.83 crore (27.69 percent) of its total net purchases in the period ended September 30, 2024, Rs 15.32 crore (27.90 percent) in FY24, Rs 8.20 crore (23.05 percent) in FY23, and Rs 5.82 crore (30.08 percent) in FY22. Any failure to mitigate foreign exchange volatility or adhere to FEMA timelines could negatively impact the company’s operations, profitability, and cash flows.
As of FY24, the company had outstanding financial indebtedness of Rs 20.88 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Eppeltone Engineers Financials
*All values are in Rs. Cr
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Application Details of Eppeltone Engineers IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹125 - 128 | ₹2 - 5 Lakh |
| High Networth Individual | ₹125 - 128 | ₹2 - 5 Lakh |
For Eppeltone Engineers IPO, eligible investors can apply as Regular.