Tipco Engineering India IPO
Bookbuilding IPO | ₹61.00 Cr | Listing at BSE SME
Closed
IPO Open
Mon, Mar 23, 2026
IPO Close
Wed, Mar 25, 2026
Price Band
₹84.00 to ₹89.00
Market Cap (Pre-IPO)
₹184.83 Cr
IPO Details
| IPO Date | Mar 23, 2026 to Mar 25, 2026 |
| Listing Date | Tentative: Apr 01, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹84.00 to ₹89.00 |
| Lot Size | 1600 Shares (Minimum: ₹142,400.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹61.00 Crores |
| Total Shares Offered | 6,803,200 shares |
| Fresh Issue | 4,427,200 shares |
| Offer For Sale | 1,355,200 shares |
Tipco Engineering India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 28,76,800 (42.29%) |
| Retail Shares Offered | 20,32,000 (29.87%) |
| NII Shares Offered | 8,73,600 (12.84%) |
Tipco Engineering India IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹284,800 |
| Retail (Max) | 2 | 3,200 | ₹284,800 |
| S-HNI (Min) | 3 | 4,800 | ₹427,200 |
| S-HNI (Max) | 7 | 11,200 | ₹996,800 |
| B-HNI (Min) | 8 | 12,800 | ₹1,139,200 |
Tipco Engineering India Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 114.55 | 100.96 | 65.72 | 28.04 |
| Total Income | 86.25 | 133.37 | 101.36 | 35.98 |
| Profit After Tax | 13.19 | 15.61 | 8.45 | 2.56 |
| EBITDA | 20.89 | 23.85 | 12.14 | 3.47 |
| NET Worth | 46.41 | 33.23 | 12.51 | 2.57 |
| Reserves and Surplus | 31.09 | 33.21 | 12.50 | 2.56 |
| Total Borrowing | 37.52 | 37.23 | 25.68 | 8.42 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 68.26% |
| ROCE (Return on Capital Employed) | 33.27% |
| Debt/Equity | 1.12 |
| RoNW (Return on Net Worth) | 46.98% |
| PAT Margin (Profit After Tax Margin) | 11.72% |
| EBITDA Margin | 17.91% |
| Price to Book Value | 4.10 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.19 | 8.47 |
| P/E (x) | 8.73 | 10.51 |
| Promoter Holding | 87.19% | - |
Company Promoters
- Mr. Ritesh Sharma and Ms. Sonia Sharma are the company promoters.
Company Overview
Tipco Engineering India – Company Overview
- Incorporated in September 2021, Tipco Engineering Limited is engaged in the manufacturing and supply of industrial machinery used in industries such as paint & coatings, chemicals, printing, packaging, construction, and infrastructure.
- The company manufactures machines such as Bead Mills, Dispersers, Homogenizers, Attritor Mills, Basket Mills, Sigma Mixers, and Liquid Powder Mixing Machines for grinding, mixing, and processing industrial materials.
Product Categories
- Mill Series: Used for grinding and milling operations.
- Disperser Series: Used for mixing and dispersing chemical components.
- Homogenizer Series: Used for blending materials to achieve uniform texture and consistency.
- The company operates two manufacturing units in Rai Industrial Estate, Sonipat, Haryana, equipped with CNC machines, laser cutting equipment, welding units, and testing systems.
- The company holds ISO 9001:2015 and ISO 45001:2018 certifications for quality and safety standards.
- Apart from manufacturing, the company also undertakes turnkey projects for ink manufacturing plants, construction chemical plants, adhesive production lines, and agro-chemical plant setups.
- As of December 31, 2025, the company had 96 permanent employees.
Company Strengths
- Wide Range of Products
- Repeat orders from Customers
- Experienced Promoter and management team with proven execution capabilities
- Manufacturing setup under one roof
- Strong order book of Rs 1,448.52 Lakhs (As on September 15, 2025)
Use of Proceeds
| 1) | Repayment/prepayment of all or certain of our borrowings availed of by our Company | 30.00 |
| 2) | Funding Working Capital Requirement of our Company | 8.16 |
| 3) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Engineering - Heavy Machinery |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹184.83 Cr |
Important Dates
| IPO Open | Mar 23, 2026 |
| IPO Close | Mar 25, 2026 |
| Allotment Date | Mar 27, 2026 |
| Credit to Demat | Mar 30, 2026 |
| Listing Date | Tentative: Apr 01, 2026 |
Lead Manager(s)
Smart Horizon Capital Advisors Pvt.Ltd.
Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
Description
- IPO Type: Book build issue aggregating to ₹60.55 crores.
- Issue Structure: Combination of a fresh issue of 0.54 crore shares (₹48.49 crores) and an offer for sale of 0.14 crore shares (₹12.06 crores).
- IPO Dates: The issue opens on March 23, 2026 and closes on March 25, 2026.
- Allotment Date: Expected to be finalized on March 27, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of BSE Limited (BSE SME) with a tentative listing date of April 1, 2026.
- Retail Investment Requirement: Minimum 2 lots (3,200 shares) amounting to approximately ₹2,84,800 at the upper price band.
- HNI Investment Requirement: Minimum 3 lots (4,800 shares) totaling around ₹4,27,200.
- IPO Price Band: ₹84 to ₹89 per equity share.
- Lot Size: 1,600 shares per lot.
This IPO offers investors an opportunity to participate in the SME engineering and manufacturing sector, subject to market risks.