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EPW India Limited is an IT electronics refurbishing company that operates an end-to-end reverse supply chain for IT assets. The company's business model involves procuring used IT products like laptops, desktops, and peripherals, refurbishing them to near-new condition, and selling them through both direct-to-consumer (B2C) and business-to-business (B2B) channels. Sales are conducted via its own retail stores and website, offering quality refurbished electronics at significant discounts compared to new products.
Dec 22, 2025
Dec 24, 2025
Dec 30, 2025
SME
Closed
31.81 Cr
31.81 Cr
0 Cr
₹95 - ₹97
1200
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
To meet the working capital requirements of the business, which are primarily for investing in inventory for multiple stores, extending credit to B2B customers, making early payments to suppliers to avail discounts, and funding daily operational needs.
Repayment of banking facilities availed by the company, including unsecured loans and working capital facilities, to reduce outstanding indebtedness, lower high finance costs, and improve the debt-equity ratio.
To fund general corporate purposes, including but not limited to covering operating expenses, strategic initiatives, addressing unforeseen contingencies, or any other purposes approved by the Board of Directors.
18.36
5.28
139.17%
35.03%
82.06%
—
8.13%
11.64%
15.06
Offers a wide range of refurbished IT products, including laptops, desktops, and peripherals, catering to diverse customer segments.
Experienced promoters and a skilled technical team ensure high-quality refurbishment standards and product reliability.
Utilizes a multi-channel sales model, including B2B, B2C, and both offline and online channels, ensuring broad market reach.
Provides warranty services on all refurbished products, which enhances customer trust and encourages repeat business.
Significant reliance on personal guarantees from promoters to secure banking and credit facilities.
High concentration of revenue from a single state, Telangana, increasing regional dependency.
Recent and rapid increase in debt levels to fund working capital, leading to a high debt-to-equity ratio.
The business was recently transitioned from a proprietorship, which may pose operational and cultural integration challenges.
The global refurbished electronics market is projected to grow at a CAGR of 10% through 2030.
Increasing demand in the Asia-Pacific region, especially from budget-conscious consumers in India.
Planned expansion of physical footprint into neighboring states like Andhra Pradesh and Maharashtra.
Opportunity to enhance brand image and digital presence to capture a larger market share.
Intense competition from both organized and unorganized players in the electronics refurbishing market.
Potential disruptions in the supply chain for procuring a consistent flow of used IT assets.
Outstanding tax litigations against promoters could have an adverse impact on the company's reputation.
Changes in e-waste management regulations and other statutory requirements could increase compliance costs.
EPW India Limited is an IT electronics refurbishing company that operates an end-to-end reverse supply chain for IT assets. The company's business model involves procuring used IT products like laptops, desktops, and peripherals, refurbishing them to near-new condition, and selling them through both direct-to-consumer (B2C) and business-to-business (B2B) channels. Sales are conducted via its own retail stores and website, offering quality refurbished electronics at significant discounts compared to new products.
The EPW India Ltd. IPO is scheduled to open for subscription on Dec 22, 2025 and close on Dec 24, 2025. Investors can apply for shares during this period through eligible platforms.
The price band for the EPW India Ltd. IPO is ₹95 to ₹97. Investors can place bids within this range once the issue opens.
The minimum lot size for the EPW India Ltd. IPO is 1200 shares. The minimum investment amount ₹1,16,400.
The total issue size of the EPW India Ltd. IPO is approximately ₹31.81. Issue size represents the total value of shares offered to the public.
As per the latest available information, the EPW India Ltd. IPO has been subscribed 2.5 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the EPW India Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of EPW India Ltd. are expected to list on stock exchanges on Dec 30, 2025, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the EPW India Ltd. IPO are proposed to be used for The Net Proceeds from the Fresh Issue will be utilized towards the following objects:, To meet the working capital requirements of the business, which are primarily for investing in inventory for multiple stores, extending credit to B2B customers, making early payments to suppliers to avail discounts, and funding daily operational needs., Repayment of banking facilities availed by the company, including unsecured loans and working capital facilities, to reduce outstanding indebtedness, lower high finance costs, and improve the debt-equity ratio., To fund general corporate purposes, including but not limited to covering operating expenses, strategic initiatives, addressing unforeseen contingencies, or any other purposes approved by the Board of Directors.
Before applying for the EPW India Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
