IPO

Tipco Engineering India Limited IPO

BSE SME

Listed On: Apr 1, 2026 at ₹ 89.25

₹ 284800 /3200 Shares
Minimum Investment

Check Allotment

23 Mar, 2026

Open Date

25 Mar, 2026

Close Date

27 Mar, 2026

Allotment Date

01 Apr, 2026

Listing Date
Tipco Engineering India IPO Live Subscription Details
View Subscription Details
QIB 3.20x
Individual 0.66x
NIIs 3.29x
BHNI 4.57x
SHNI 0.74x
Individual 0.66x
Total 1.95x
Last updated: 25 Mar 2026, 05:57 PM
Tipco Engineering India IPO Issue Details
  • Issue Price ₹84-89 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 68,03,200 shares(aggregating up to ₹60.55 crore)
  • Fresh Share 54,48,000 shares(aggregating up to ₹48.49 crore)
  • Offer For Sale 13,55,200 shares(aggregating up to ₹12.06 crore)
  • Listing at BSE SME
  • List Price 89.25
  • Listing Date 2026-04-01
  • Lead Manager Smart Horizon Capital Advisors Pvt.Ltd.
  • Registrar Maashitla Securities Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 3,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 3,200 ₹2,84,800
Individual(max) 2 3,200 ₹2,84,800
SHNI(min) 3 4,800 ₹4,27,200
SHNI(max) 7 11,200 ₹9,96,800
BHNI(min) 8 12,800 ₹11,39,200
Tipco Engineering India IPO Reservation

Tipco Engineering India IPO offers total 6803200 shares. Out of which 1156800 (17%) allocated to QIB, 873600 (12.84%) allocated to NII,2032000 (29.87%) allocated to RII, NA (NA%) allocated to employees and 1720000 (25.28%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1720000 (25.28%)
Market Maker Shares Offered 1020800 (15%)
QIB Shares Offered 1156800 (17%)
NII (HNI) Shares Offered 873600 (12.84%)
bNII > ₹10L 582400 (9.39%)
sNII < ₹10L 291200 (4.85%)
Individual Shares Offered 2032000 (29.87%)
Total Shares Offered 6803200 (100%)
Tipco Engineering India IPO Documents
Tipco Engineering India IPO Details


Tipco Engineering India Limited IPO is an SME IPO, priced at ₹84-89 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 68,03,200 equity shares, aggregating up to ₹60.55 crores..

The IPO bidding window is open from Mar 23, 2026 to Mar 25, 2026. The allotment is expected to be finalized on Mar 27, 2026, and the tentative listing date is Apr 1, 2026.

The minimum lot size for Individual investors is 3,200 shares, with a minimum investment of ₹2,84,800.

Smart Horizon Capital Advisors Pvt.Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and

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Tipco Engineering India IPO Subscription Analysis And Details
Retail
0.66x
QIB
3.20x
NII
3.29x
bNII
4.57x
sNII
0.74x
Total
1.95x
As on QIB NII
bNII   sNII
Individual Total
Shares Offered / Reserved 11,56,800 8,73,600
5,82,400    2,91,200
20,32,000 40,62,400
Day 1 23-03-26 05:00 PM
1.00 x 0.01 x
0.00 x   0.02 x
0.01 x 0.29 x
Day 2 24-03-26 05:00 PM
1.00 x 1.17 x
1.75 x   0.02 x
0.03 x 0.55 x
Day 3 25-03-26 05:00 PM
3.20 x 3.29 x
4.57 x   0.74 x
0.66 x 1.95 x

Total No of Applications
472
Subscription on the basis of Applications
Retail:0.66x BHNI:0.06x SHNI:0.67x
Tipco Engineering India Valuations
EPS Pre IPO ₹10.19/-
EPS Post IPO ₹8.47/-
P/E Pre IPO 8.73
P/E Post IPO 10.51
ROE 68.26%
ROCE 33.27%
Debt/Equity 1.12
RoNW 46.98%
PAT Margin 11.72%
Price to Book Value 4.10
Market Cap. 184.83 Cr.
Tipco Engineering India Company Financials
In Crs.
In Cr.
31-Dec-25 31-Mar-25 31-Mar-24 31-Mar-23
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
Reserves & Surplus 31.09 33.21 12.50 2.56
Total Borrowing 37.52 37.23 25.68 8.42
About Tipco Engineering India Company

Tipco Engineering, incorporated in September 2021, specializes in the manufacturing and supplying of industrial machinery to various sectors such as paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure.The company manufactures a variety of machinery such as Bead Mills (Batch Type, Lab, Horizontal, Vertical, Pin Type, Disc Type, Dyno Mill, etc.), Dispersers (High-Speed, Twin Shaft, Triple Shaft, Vacuum, Platform, and Fixed Type), and Homogenizers (In-Line, In-Tank, High Shear), etc. Additionally, other machinery includes Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machine.

The company offers its machinery under the following categories:
Mill Series**: This series includes machinery for grinding and milling purposes.
Disperser Series**: This series includes machinery for the uniform mixing and dispersion of chemical substances.
Homogenizer Series**: This series includes machinery for blending or breaking chemical substances to attain uniform texture and consistency.

The company has two units located at Rai Industrial Estate, Sonipat, Haryana, with a built-up area of approximately 1,012.50 sq. meters each. The company uses advanced technology such as CNC machines, laser cutting machines, welding machines, polishing machines, etc.The company has achieved certifications for its quality standards such as ISO 9001:2015 and ISO 45001:2018.

Apart from the manufacturing, it also undertakes turnkey projects for the manufacturing of the following plants:Water-based and Solvent-based Ink Manufacturing Plants,Construction Chemical and Adhesive Plant,Agro-Chemical Plant.
The company also provides a range of services, including construction, erection, dismantling work, installation, and commissioning charges, amongst others.
As of December 31, 2025, the company had 96 permanent employees.

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Tipco Engineering India - Promoter(s)

Mr. Ritesh Sharma

Ms. Sonia Sharma

Pre Issue Share Holding : %

Post Issue Share Holding : %

Tipco Engineering India IPO - Issue Objectives
1

Repayment/prepayment of all or certain of our borrowings availed of by our Company

2

Funding Working Capital Requirement of our Company

3

General corporate purposes

Contact Details

Tipco Engineering India

P.No. 1658, Phase I, Sector 38, Industrial Estate Rai Distt., Sonepat, P.S. Rai, Sonipat, Haryana - 131029.

+91 9996635489

investors@tipcoengineering.com

https://tipcoengineering.com

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

Investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues