EPPELTONE engineers IPO: On the second day of the IPO subscription of Appleton Engineers Limited, there was tremendous response from investors. On the second day of bidding on June 19 at 5:20 pm, this SME IPO of ₹ 13.91 crore has received 36.67 times subscription. The company has received bids for 8,37,44,000 shares against 22,84,000 shares offered. Retail and non-institutional investors have shown special interest in this IPO. While retail investors have subscribed 54.94 times, NII has subscribed 39.53 times. Eligible institutional buyers (QIB) category received 2.50 times subscription. This IPO will close on Wednesday 19 June. It received 1.45 times subscription on the first day of bidding on Monday.
Appleton Engineers IPO has a price band ₹ 128 per share. The minimum lot of lot size is 1,000 shares, for which retail investors will have to invest ₹ 1,28,000. For NIIS, there are minimum 2 lots (2,000 shares), which will cost ₹ 2,56,000.
Complete information of Appleton Engineers IPO
Appleton Engineers’ IPO is a book-beding issue that costs ₹ 41.75 crore, including a fresh issue of 32.62 lakh equity shares. The IPO opened for subscription on 17 June and will close on June 19. The share allotment is expected to be finalized on June 20, while the listing is to be on NSE SME on 24 June. Expert Global Consultants Private Limited is managing this issue as lead book runner, Skyline Financial Services is a private limited Registrar, and Prabhat Financial Services Limited is a market maker.
Appleton Engineers Limited, established in 1977, produces government customers, mainly in the B2B segment, smart meters, power conditioning devices and energy management solution products. In the financial year ended on March 31, 2025, Appleton Engineers Limited increased by 57% in revenue, while the profit (PAT) increased by 38%.
GMP of Appletone Engineers IPO
According to IPO Market Experts, the Gray Market Premium (GMP) of the Appleton Engineers IPO is 45.31%, indicating strong listing benefits for investors. The company shares will be listed on NSE SME on 24 June. Explain that the GMP is based on the market sentiment and keeps changing continuously. ‘Gray Market Premium’ reflects the listing on the issue of shares of a company higher than or lower.
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