EPW India's upcoming IPO is anticipated to have a subdued market debut with a low grey market premium (GMP) of around 3, suggesting a cautious opening. The Rs 31.8 crore IPO, priced at Rs 97 per share, was subscribed 1.32 times overall, with retail investors showing moderate interest. Funds raised will be used for working capital and debt repayment. EPW India operates in the refurbished IT hardware sector, offering laptops, desktops, and peripherals through B2B and B2C channels.