EPW India Ltd, a company specializing in electronic waste refurbishing and recycling, has successfully mobilized funds from institutional investors just days before its public market debut. The firm announced on Saturday that it raised ₹9.04 crore from a set of anchor investors, marking a strong prelude to its upcoming initial public offering (IPO).
Anchor Investment and IPO Details
The company allotted a total of 9.32 lakh equity shares to three funds at a price of ₹97 per share. The anchor investors include Resonance Opportunities Fund, Universal Golden Fund, and Getfive Opportunity Fund - I. This anchor book investment aggregates to the disclosed sum of ₹9.04 crore.
The much-anticipated public issue is set to open for subscription on December 22 and will close on December 24. EPW India has fixed a price band of ₹95 to ₹97 for each equity share. The IPO is a completely fresh issue of up to 32.79 lakh shares, aiming to raise ₹31.81 crore at the upper end of the price band.
Utilisation of Proceeds and Company Vision
The net proceeds from the fresh issue are earmarked for specific corporate purposes. According to the company's statement, ₹15.85 crore will be deployed to meet working capital requirements, while ₹8.50 crore is designated for the repayment of debt. The remaining amount will be used for general corporate purposes.
Commenting on this milestone, Yousuf Uddin, Promoter of EPW India Ltd, stated that the IPO represents a significant corporate achievement. He emphasized that the capital raise is intended to fuel the company's future growth and support its ongoing business operations.
Business Profile and Financial Performance
Incorporated in April 2021, EPW India provides integrated electronic waste management services. Its offerings span the entire value chain, including collection, segregation, dismantling, recycling, and the environmentally responsible disposal of e-waste. The company serves a clientele comprising corporates, institutions, and authorized channel partners.
On the financial front, EPW India reported a robust performance for the fiscal year 2025. The company achieved a revenue of ₹51.87 crore and posted a profit after tax of ₹4.13 crore. Post-IPO, the company's shares are proposed to be listed on the NSE Emerge platform. GetFive Advisors Pvt Ltd is acting as the book running lead manager for the public offer.
