New Delhi, June 20 -- Eppeltone Engineers IPO allotment: The allotment of Eppeltone Engineers's initial public offering (IPO) is likely to be finalised today, Friday, June 20 following decent interest and subscriptions for the share sale issue.

The SME IPO, valued at Rs.41.75 crore, opened for bidding on June 17 and closed on June 19. The price band was set at Rs.128 per share.

Eppeltone Engineers Limited plans to utilise the net proceeds from its IPO to meet the working capital requirements of the company, capital expenditure, specifically for the installation of additional machinery at its manufacturing facility and general corporate purposes.

The company will credit the equity shares on Monday, June 23, into the Demat accounts of in...