Eppeltone Engineers Ltd IPO

About Eppeltone Engineers Ltd

Eppeltone Engineers Limited was originally incorporated as `Eppeltone Engineers Private Limited' on September 18, 2002 vide Registration no. 117025 (CIN: U31909DL2002PTC117025) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi & Haryana. Further, the Company was converted into a public limited company pursuant to board resolution passed at board of directors meeting held on March 02, 2024 and shareholders resolution passed at the extra-ordinary general meeting of the Company on March 04, 2024 and the name of the Company was changed to Eppeltone Engineers Limited and a Fresh Certificate of Incorporation dated June 19, 2024 bearing CIN U31909DL2002PLC117025 issued by the Registrar of Companies, Central Processing Centre

The global economy, which grew by 3.3% in 2023, is expected to record a sluggish growth of 3.2% in 2024 before rising modestly to 3.3% in 2025. Between 2021-22, global banks were carrying a historically high debt burden after COVID-19. Central banks took tight monetary measures to control inflation and spike in commodity prices. Russia's war with Ukraine further affected the global supply chains and inflated the prices of energy and other food items. These factors coupled with war-related economic sanctions impacted the economic activities in Europe. Any further escalation in the war may further affect the rebound of the economy in Europe. India's economy has exceeded expectations, registering an 8.2% growth in FY24. High-frequency indicators such as automobile sales, e-way bills, cargo traffic, and exports signal sustained growth momentum into Q2 FY25. However, the rural demand outlook is tied to the monsoon, where inconsistent rainfall could impact the agriculture sector and inflation. The government is proactively boosting grain storage capacity to mitigate these risks. On the credit front, the Reserve Bank of India (RBI) has kept the policy rate unchanged, with inflation expected to average around 5% in FY25. Despite stable policy rates, lending rates may rise due to the incomplete transmission of earlier hikes, while strong credit growth in the private sector suggests potential capacity expansion. Supply-side challenges persist, particularly in food storage infrastructure. The government has launched a massive initiative to enhance grain storage capacity by 70 million tonnes over the next five years. The recent long-term agreement for operating Iran's Chabahar Port is also set to bolster trade and supply chain resilience.

The Company is engaged in the business of manufacturing of electronic energy meters and various power conditioning devices like high grade chargers, UPS systems, etc. to consumers from institutions, industries and electricity distribution utilities. The Company began its operations in the year 1977 and now operates manufacturing plants focused on producing high-quality and high-performance products. Over the years, the company has streamlined its operations to ensure that its emphasis remains on quality and excellence.

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