Mumbai – The SME initial public offering (IPO) of Eppeltone Engineers Limited has witnessed a massive investor response, with the issue being subscribed over 36 times ahead of its closing today, June 19, 2025. The issue has drawn robust participation across retail and high net-worth individual (HNI) segments, indicating high investor confidence in the company’s prospects.
💹 Grey Market Premium (GMP) Signals Strong Listing
According to market observers, the Grey Market Premium (GMP) for Eppeltone Engineers IPO has surged to ₹65—a premium of more than 50% over the upper price band of ₹128 per share. This suggests a likely listing price in the range of ₹190–₹195, reflecting strong bullish sentiment in the unlisted space.
📊 Subscription Details
- Retail Investors: ~55 times
- HNI (Non-Institutional Investors): ~39 times
- Qualified Institutional Buyers (QIBs): ~2.5 times
- Overall: Over 36 times
Such an overwhelming response, especially from retail and HNI categories, underscores the enthusiasm surrounding the SME IPO.
🏗️ About the Company
Eppeltone Engineers is engaged in the business of providing infrastructure, engineering, and automation services. The funds raised through the IPO are expected to be utilized for business expansion, working capital needs, and general corporate purposes.
📈 Investor Sentiment
Analysts attribute the strong interest to the company’s niche offerings, solid growth outlook, and favorable industry dynamics. The upbeat GMP further reinforces expectations o9f a strong debut on the NSE SME platform.
💬 Expert Take
“The kind of retail response and rising GMP seen in the Eppeltone Engineers IPO is typically indicative of a high-confidence issue. It may see strong listing gains if current trends hold,” said a market analyst.
Disclaimer: GMP is unofficial and changes frequently. Investors are advised to consider fundamentals and consult financial advisors before making investment decisions.