Tipco Engineering India Limited
Bookbuilding IPO · BSE
- Price band
- ₹84 - ₹89
- Lot size
- 1,600 shares
- Issue amount
- ₹60.54 cr
- Total subscription
- 1.95×
- Opens
- 23 Mar 2026
- Closes
- 25 Mar 2026
- Allotment
- 27 Mar 2026
- Listing
- 1 Apr 2026
Offer at a glance
Issue overview
- Issue size
- 68,03,200 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,34,400
- Fresh issue
- ₹48.48 cr
- Offer for sale
- ₹12.06 cr
- Registrar
- Maashitla Securities Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,42,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,53,19,584
- Shares after issue
- 2,07,67,584
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,84,800 |
| sHNI | 3 | 4,800 | ₹4,27,200 |
| bHNI | 8 | 12,800 | ₹11,39,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 25 Mar 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 48 |
| RETAIL | 635 | 422 |
| HNIs(10L +) | 121 | 7 |
| HNIs (2-10L) | 61 | 41 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.3 | 32.98 |
| Others | 0 | 32.98 |
| RETAIL | 18.08 | 12.02 |
| NIB | 7.78 | 25.59 |
| HNIs 2+ | 2.59 | 1.92 |
| HNIs 10+ | 5.18 | 23.67 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 8.61 | 10.88 | 8.61 |
| ROE | 33.12 | 68.26 | 112 |
| ROCE | 24.76 | 33.27 | 30.74 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 8.73 | 0 |
| POST IPO(PE) | 10.51 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in September 2021, Tipco Engineering is engaged in manufacturing and supplying industrial machinery used in industries such as paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The company produces a wide range of equipment including bead mills, dispersers, homogenizers, attritor mills, basket mills, sigma mixers, and liquid powder mixing machines, with its products broadly categorized into Mill Series for grinding and milling operations, Disperser Series for mixing and uniform dispersion of chemical components, and Homogenizer Series for blending and achieving consistent texture. Tipco Engineering operates two manufacturing units at Rai Industrial Estate in Sonipat, Haryana, each spread over about 1,012.50 square meters and equipped with advanced CNC machines, laser cutting systems, welding units, polishing machines, and quality testing facilities. The company holds ISO 9001:2015 and ISO 45001:2018 certifications and also undertakes turnkey projects for water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agrochemical plant setups, while providing additional services such as construction, installation, erection, dismantling, and commissioning, with a workforce of 96 permanent employees as of December 31, 2025.
Strengths
- Wide range of industrial products - The company offers a wide range of industrial machinery used in different process industries, helping it meet various manufacturing needs.
- Strong repeat orders from customers - A large share of orders comes from existing customers, showing trust in the company’s products and strong customer relationships.
- Integrated manufacturing facility - The company has modern manufacturing facilities with CNC machines and fabrication units, supporting efficient production and better quality control.
Risk factors
- Dependence on key customers - A large share of the company’s revenue comes from a few major customers, and the absence of long-term contracts may lead to fluctuations in orders.
- Dependence on limited suppliers - The company relies on a small number of suppliers for raw materials, which may create risks related to supply disruptions or price changes.
- Risk related to regulatory approvals - Failure to obtain or renew necessary licenses and regulatory approvals could negatively affect the company’s operations and business continuity.
Promoters
Mr. Ritesh Sharma
Ms. Sonia Sharma
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Maashitla Securities Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
P.No. 1658, Phase I, Sector 38, Industrial Estate Rai Distt., Sonepat, P.S.Rai, Sonipat, Haryana, 131029
+91 9996635489
[email protected]Company website ↗Understanding TIPCO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.