Tipco Engineering India IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
Incorporated in September 2021, Tipco Engineering Limited is engaged in the manufacturing and supply of industrial machinery used across multiple industries such as paints and coatings, chemicals, printing and packaging, metal processing, construction, and infrastructure.Product PortfolioThe…
Open Date
Mon, 23 Mar 2026
Close Date
Wed, 25 Mar 2026
Price Band
₹ 84 – 89
Lot Size
1600
Issue Size
₹ 61.00 Cr
Minimum Investment
₹ 284,800 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Tipco Engineering India IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹61.00 Crore, comprising a fresh issue of 44.27 Lakh equity shares aggregating to ₹39.00 Crore and an offer for sale (OFS) of 13.55 Lakh equity shares aggregating to ₹12.00 Crore by the existing shareholders.
The Tipco Engineering India IPO remained open for subscription from March 23, 2026, to March 25, 2026. The basis of allotment was finalized on March 27, 2026, and the company's shares were listed on BSE SME Platform on April 01, 2026.
The company had fixed the price band at ₹84 to ₹89 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹284,800 (based on the upper price band) to apply for one lot.
Maashitla Securities Pvt. Limited served as the registrar to the issue. Smart Horizon Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Tipco Engineering India Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Tipco Engineering India IPO Timeline (Tentative)
- IPO Open Date
- Mon, 23 Mar 26
- IPO Close Date
- Wed, 25 Mar 26
- Basis of Allotment
- Fri, 27 Mar 26
- Initiation of Refunds
- Mon, 30 Mar 26
- Credit of Shares to Demat
- Mon, 30 Mar 26
- Listing Date
- Wed, 01 Apr 26 — NSE & BSE
Open Date
23 March 2026
Close Date
25 March 2026
Basis Of Allotment
27 March 2026
Listing Date
01 April 2026
IPO Subscription
Check Live Subscription →The Tipco Engineering India IPO has received bids for 1,08,06,400 shares against 49,36,000 shares offered, resulting in an overall subscription of 2.19x. the NII category is subscribed 3.29x, Retail Investors 0.66x, and QIBs 3.2x. Within the NII category, BNII is subscribed 4.57x, while SNII is subscribed 0.74x.
QIB
3.2x
NII
3.29x
BNII
4.57x
SNII
0.74x
RII
0.66x
Total
2.19x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,32,000 shares, representing 50.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,56,800 shares (28.48%), while Non-Institutional Investors (NIIs) receive 8,73,600 shares (21.5%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,156,800 | 28.48% |
| Non-Institutional | 873,600 | 21.5% |
| BNII | 582,400 | 14.34% |
| SNII | 291,200 | 7.17% |
| Retail Investors | 2,032,000 | 50.02% |
| Total | 4,062,400 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 114.55 | 100.96 | 65.72 | 28.04 |
| Revenue | 86.25 | 133.37 | 101.36 | 35.98 |
| Profit After Tax | 13.19 | 15.61 | 8.45 | 2.56 |
| Net Worth | 46.41 | 33.23 | 12.51 | 2.57 |
| Reserve & Surplus | 31.09 | 33.21 | 12.5 | 2.56 |
| Total Borrowings | 37.52 | 37.23 | 25.68 | 8.42 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Tipco Engineering India Limited KPI Information
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 33.12 | 68.26 | 112 | 199.01 |
| ROCE % | 24.76 | 33.27 | 30.74 | 30.83 |
| Debt / Equity | 0.81 | 1.12 | 2.05 | 3.28 |
| RoNW % | 28.41 | 46.98 | 67.49 | 99.75 |
| Pat Margin % | 15.35 | 11.72 | 8.34 | 7.12 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Tipco Engineering India Ltd | 10 | 0.00 | 10.88 | 10.88 | 46.98 | 21.69 |
About Tipco Engineering India Limited
Incorporated in September 2021, Tipco Engineering Limited is engaged in the manufacturing and supply of industrial machinery used across multiple industries such as paints and coatings, chemicals, printing and packaging, metal processing, construction, and infrastructure.
Product Portfolio
The company manufactures a diverse range of machinery designed for various industrial processes. Its key product offerings include:
- Bead Mills – Available in multiple variants such as Batch Type, Laboratory Type, Horizontal, Vertical, Pin-Type, Disc Type, and Dyno Mills.
- Dispersers – Including High-Speed Dispersers, Twin-Shaft Dispersers, Triple-Shaft Dispersers, Vacuum Dispersers, Platform Dispersers, and Fixed-Type Dispersers.
- Homogenizers – Such as In-Line Homogenizers, In-Tank Homogenizers, and High Shear Homogenizers.
Additionally, the company manufactures other industrial equipment such as:
- Attritor Mills
- Basket Mills
- Sigma Mixers
- Liquid Powder Mixing Machines
Product Categories
The company’s machinery portfolio is broadly categorized into three main series:
- Mill Series – Designed for grinding and milling operations in various industrial applications.
- Disperser Series – Used for mixing and uniformly dispersing chemical components.
- Homogenizer Series – Used to blend, emulsify, and break down particles to achieve uniform texture and consistency.
Manufacturing Facilities
Tipco Engineering operates two manufacturing units located at Rai Industrial Estate, Sonipat, Haryana. Each facility spans approximately 1,012.50 square meters. These units are equipped with modern manufacturing infrastructure, including:
- Advanced CNC machines
- Laser cutting equipment
- Welding units
- Polishing machines
- Quality testing systems
Quality Certifications
The company maintains internationally recognized quality and safety standards and holds certifications such as:
- ISO 9001:2015 – Quality Management System
- ISO 45001:2018 – Occupational Health and Safety Management System
Turnkey Project Solutions
Apart from manufacturing machinery, Tipco Engineering also undertakes turnkey industrial projects, including the setup of:
- Water-based and solvent-based ink manufacturing plants
- Construction chemical production lines
- Adhesive manufacturing plants
- Agrochemical plant setups
Additional Services
The company provides a range of technical and operational support services, including:
- Construction work
- Erection and dismantling
- Installation
- Commissioning
- Other related engineering services
Workforce
As of December 31, 2025, Tipco Engineering had 96 permanent employees, supporting its manufacturing operations and project execution activities.
Tipco Engineering India IPO Promoters
- Mr. Ritesh Sharma
- Ms. Sonia Sharma
Promoters Holding
Holding Pre Issue
87.19%
Holding Post Issue
0.00%
Tipco Engineering India IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Repayment/prepayment of all or certain of our borrowings availed of by our Company
- Working Capital Requirement of our Company
- General corporate purposes
Tipco Engineering India Limited Address / Contact Details
Tipco Engineering India Ltd. Address
P.No. 1658, Phase I, Sector 38,
Industrial Estate Rai Distt.,
Sonepat, P.S.Rai,
Sonipat, Haryana, 131029
Email:investors@tipcoengineering.com
Telephone: +91 9996635489
Website:https://tipcoengineering.com/
IPO Snapshot
Tipco Engineering India IPO Lot Size
The Tipco Engineering India IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,84,800 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,84,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 284,800.00 |
| Retail (Max) | 2 | 3,200 | 284,800.00 |
| S-HNI (Min) | 3 | 4,800 | 427,200.00 |
| S-HNI (Max) | 7 | 11,200 | 996,800.00 |
| B-HNI (Min) | 8 | 12,800 | 1,139,200.00 |
Issue Reservation
- QIB — 28.48%
- NII — 21.5%
- RII — 50.02%
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Tipco Engineering India IPO?
Tipco Engineering India IPO is a Book-building IPO with a total issue size of ₹61 crore. The Tipco Engineering India IPO price band is ₹84 to 89 per share. The Tipco Engineering India IPO subscription opens on Mon, Mar 23, 2026, and closes on Wed, Mar 25, 2026. The Tipco Engineering India IPO will be listed on the BSE. Maashitla Securities Pvt. Limited is the registrar for the Tipco Engineering India IPO.
When will the Tipco Engineering India IPO open for subscription?
The Tipco Engineering India IPO opens on Mon, Mar 23, 2026 and closes on Wed, Mar 25, 2026
What is Tipco Engineering India IPO Price Band?
Tipco Engineering India IPO Price Band is ₹84 to 89 per share.
What is Tipco Engineering India IPO Lot Size?
Tipco Engineering India IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹284800 based on the upper price band
What is the minimum investment for Tipco Engineering India IPO?
The minimum investment for Tipco Engineering India IPO is ₹284800, based on one lot of 1600 shares at the upper price band of ₹89 per share.
How to apply for Tipco Engineering India IPO?
Investors can apply for the Tipco Engineering India IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Mar 25, 2026. The application amount remains blocked until the Tipco Engineering India IPO allotment is finalized.
What is Tipco Engineering India IPO Issue Size?
Tipco Engineering India IPO issue size is ₹61 crores.
What is the Tipco Engineering India IPO Allotment Date?
Tipco Engineering India IPO allotment date is Fri, Mar 27, 2026.
Who is the Tipco Engineering India IPO Registrar?
The registrar for Tipco Engineering India IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Tipco Engineering India IPO allotment status, refund processing, and other IPO-related information.
Who is the Tipco Engineering India IPO Lead Manager?
The book-running lead managers (BRLMs) for the Tipco Engineering India IPO are Smart Horizon Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Tipco Engineering India IPO Red Herring Prospectus (RHP).