EPW India Limited IPO

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Business Model & Operations

EPW India Limited was incorporated on 16 April 2021, an IT electronics refurbishing company operating through both Direct-to-Consumer (D2C) and Business-to-Business (B2B) models. The company follows an end-to-end reverse supply chain, procuring used IT assets, refurbishing them to near-new condition, and selling them to businesses and retail customers at significantly lower prices compared to new products. Its product portfolio includes laptops, desktops, Chromebooks, monitors, and IT accessories.

Technology & Software Usage

The company uses multiple licensed software solutions during the refurbishment process to ensure customers receive genuine and reliable software. These systems help improve operational efficiency, data security, and supply chain management.

Sales & Distribution

EPW India sells refurbished IT products through company-owned retail shops and its official website, enabling wider customer reach and faster delivery. This multi-channel approach helps reduce dependence on a single sales route and supports stable business operations.

Key Strengths

i) Wide Product Range catering to students, professionals, corporates, and institutions
ii) Experienced Technical Team ensuring quality refurbishment standards
iii) Warranty-backed Products enhancing customer trust
iv) Multiple Sales Channels through stores and online platforms
v) Strong Promoter Expertise with deep industry knowledge

Objects of the EPW India Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1. Working capital requirement (₹14.28 cr) 2. Repayment of banking facilities (₹8.50 cr) 3. General Corporate Purpose

EPW India Limited IPO Details:

Open Date: Dec 22 2025
Close Date: Dec 24 2025
Total Shares: 32,79,600
Face Value: ₹ 5 Per Equity Share
Issue Type: Book Building
Issue Size: 31.81 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 95-97 Per Equity Share
Listing At: NSE Emerge
Listing Date: Dec 30 2025

Promoters And Management:

1. Yousuf Uddin is the Chairman and Managing Director and a Promoter of the Company since incorporation. He has completed his Intermediate education and has over 15 years of experience in IT hardware, e-waste recycling, and FMCG. He oversees overall management, business operations, and growth strategies. He is also a promoter and director in the subsidiary Renavart Recyclers India Private Limited and sister concern Vasiasat Food Products LLP. 2. Mohd Fasi Uddin is a Whole-time Director and Promoter since incorporation, with over 10 years of experience in IT refurbishment and e-waste recycling. He is responsible for marketing, business operations, and growth execution, and is also a promoter-director in Renavart Recyclers India Private Limited. 3. Mohd Zaki Uddin is a Whole-time Director and Promoter with over 12 years of experience in IT refurbishment and e-waste recycling. He oversees operations, logistics, procurement, and business growth, and is also a promoter-director in Renavart Recyclers India Private Limited.

Financials of EPW India Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of EPW India Limited IPO:

  1. GetFive Advisors Private Limited

Registrar of EPW India Limited IPO:

  1. Bigshare Services Private Limited

Discussion on EPW India Limited IPO:

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