Tipco Engineering India
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 23 to Mar 25 2026
Price Band
₹84 - 89
Current GMP
₹89.25(0.28%)
Subscription
1.70 times
IPO Details
| IPO Date | 23 to 25 Mar, 2026 |
| Listed on | Wed, Apr 1, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹84 to ₹89 |
| Issue Price | ₹89 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 68,03,200 shares (agg. up to ₹ 61 Cr) |
| Reserved for Market Maker | 10,20,800 shares (agg. up to ₹ 9 Cr) Shreni Shares Ltd. |
| Fresh Issue (Ex Market Maker) | 44,27,200 shares (agg. up to ₹ 39 Cr) |
| Offer for Sale | 13,55,200 shares of ₹ 10 (agg. up to ₹ 12 Cr) |
| Net Offered to Public | 57,82,400 shares (agg. up to ₹ 51 Cr) |
| Share Holding Pre Issue | 1,53,19,584 shares |
| Share Holding Post Issue | 2,07,67,584 shares |
| BSE Script Code | 544740 |
| ISIN | INE1U6D01014 |
IPO Date
23 to 25 Mar, 2026
Listed on
Wed, Apr 1, 2026
Face Value
₹ 10 per share
Price Band
₹84 to ₹89
Issue Price
₹89 per share
Lot Size
1,600 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
68,03,200 shares (agg. up to ₹ 61 Cr)
Reserved for Market Maker
10,20,800 shares (agg. up to ₹ 9 Cr) Shreni Shares Ltd.
Fresh Issue (Ex Market Maker)
44,27,200 shares (agg. up to ₹ 39 Cr)
Offer for Sale
13,55,200 shares of ₹ 10 (agg. up to ₹ 12 Cr)
Net Offered to Public
57,82,400 shares (agg. up to ₹ 51 Cr)
Share Holding Pre Issue
1,53,19,584 shares
Share Holding Post Issue
2,07,67,584 shares
BSE Script Code
544740
ISIN
INE1U6D01014
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 3.20 |
| NII*** | 2.12 |
| bNII (> ₹10L) | 2.81 |
| sNII (< ₹10L) | 0.74 |
| Individual Investors | 0.66 |
| Total ** | 1.70 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
3.20
NII***
2.12
bNII (> ₹10L)
2.81
sNII (< ₹10L)
0.74
Individual Investors
0.66
Total **
1.70
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Mar 2 3 (Day 1) | 1.00 | 0.01 | 0.00 | 0.02 | 0.01 | 0.29 |
| Mar 2 4 (Day 2) | 1.00 | 0.01 | 1.75 | 0.02 | 0.03 | 0.30 |
| Mar 2 5 (Day 3) | 3.20 | 2.12 | 2.81 | 0.74 | 0.66 | 1.70 |
DayMar 2
3 (Day 1)
QIB (Ex Anchor)1.00
NII*0.01
NII (> ₹10L)0.00
NII (< ₹10L)0.02
Individual Investors0.01
Total0.29
DayMar 2
4 (Day 2)
QIB (Ex Anchor)1.00
NII*0.01
NII (> ₹10L)1.75
NII (< ₹10L)0.02
Individual Investors0.03
Total0.30
DayMar 2
5 (Day 3)
QIB (Ex Anchor)3.20
NII*2.12
NII (> ₹10L)2.81
NII (< ₹10L)0.74
Individual Investors0.66
Total1.70
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-04-2026 | 89.00 | 0(0.00%) | 89 |
| 31-03-2026 | 89.00 | 0(0.00%) | 89 |
| 30-03-2026 | 89.00 | 0(0.00%) | 89 |
| 29-03-2026 | 89.00 | 0(0.00%) | 89 |
| 28-03-2026 | 89.00 | 0(0.00%) | 89 |
| 27-03-2026 | 89.00 | 0(0.00%) | 89 |
| 26-03-2026 | 89.00 | 0(0.00%) | 89 |
| 25-03-2026 | 89.00 | 0(0.00%) | 89 |
| 24-03-2026 | 89.00 | 0(0.00%) | 89 |
| 23-03-2026 | 89.00 | 0(0.00%) | 89 |
| 22-03-2026 | 89.00 | 0(0.00%) | 89 |
| 21-03-2026 | 89.00 | 0(0.00%) | 89 |
| 20-03-2026 | 89.00 | 0(0.00%) | 89 |
| 19-03-2026 | 89.00 | 0(0.00%) | 89 |
| 18-03-2026 | 89.00 | 0(0.00%) | 89 |
| 17-03-2026 | 89.00 | 0(0.00%) | 89 |
| 16-03-2026 | 89.00 | 0(0.00%) | 89 |
| 15-03-2026 | 0(0.00%) | (0.00%) | |
| 14-03-2026 | 0(0.00%) | (0.00%) | |
| 13-03-2026 | 0(%) | (%) |
Date01-04-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date31-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date30-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date29-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date28-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date27-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date26-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date25-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date24-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date23-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date22-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date21-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date20-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date19-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date18-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date17-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date16-03-2026
Price89.00
GMP0(0.00%)
Estimate List Price89
Date15-03-2026
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date14-03-2026
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date13-03-2026
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open | Mon, Mar 23, 2026 |
| IPO Close | Wed, Mar 25, 2026 |
| Allotment | Fri, Mar 27, 2026 |
| Refund | Mon, Mar 30, 2026 |
| Credit of Shares | Mon, Mar 30, 2026 |
| Listing | Wed, Apr 1, 2026 |
IPO Open
Mon, Mar 23, 2026
IPO Close
Wed, Mar 25, 2026
Allotment
Fri, Mar 27, 2026
Refund
Mon, Mar 30, 2026
Credit of Shares
Mon, Mar 30, 2026
Listing
Wed, Apr 1, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,84,800 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,84,800 |
| S-HNI (Min) | 3 | 4,800 | ₹4,27,200 |
| S-HNI (Max) | 7 | 11,200 | ₹9,96,800 |
| B-HNI (Min) | 8 | 12,800 | ₹11,39,200 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,84,800
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,84,800
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹4,27,200
ApplicationS-HNI (Max)
Lots7
Shares11,200
Amount₹9,96,800
ApplicationB-HNI (Min)
Lots8
Shares12,800
Amount₹11,39,200
Key Performance Indicator
| ROE | 33.12% |
| ROCE | 24.76% |
| Debt/Equity | 0.81 |
| RoNW | 28.41% |
| PAT Margin | 15.35% |
| EBITDA Margin | 24.32% |
| Price to Book Value |
ROE
33.12%
ROCE
24.76%
Debt/Equity
0.81
RoNW
28.41%
PAT Margin
15.35%
EBITDA Margin
24.32%
Price to Book Value
IPO Reservation
| Market Maker Shares Offered | 10,20,800 (15.00%) |
| QIB Shares Offered | 28,76,800 (42.29%) |
| − Anchor Investor Shares Offered | 17,20,000 (25.28%) |
| − QIB (Ex. Anchor) Shares Offered | 11,56,800 (17.00%) |
| NII (HNI) Shares Offered | 8,73,600 (12.84%) |
| − bNII > ₹10L | 5,82,400 (8.56%) |
| − sNII < ₹10L | 2,91,200 (4.28%) |
| Retail Shares Offered | 20,32,000 (29.87%) |
| Total Shares Offered | 68,03,200 (100.00%) |
Market Maker Shares Offered
10,20,800 (15.00%)
QIB Shares Offered
28,76,800 (42.29%)
− Anchor Investor Shares Offered
17,20,000 (25.28%)
− QIB (Ex. Anchor) Shares Offered
11,56,800 (17.00%)
NII (HNI) Shares Offered
8,73,600 (12.84%)
− bNII > ₹10L
5,82,400 (8.56%)
− sNII < ₹10L
2,91,200 (4.28%)
Retail Shares Offered
20,32,000 (29.87%)
Total Shares Offered
68,03,200 (100.00%)
Information about company
Incorporated in September, 2021, Tipco Engineering is engaged in manufacturing and supplying industrial machinery for various industries, including paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure.
The company manufactures a wide range of machines including 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), and other equipment such as Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machine.
The company offers machinery under three categories:
The company operates two units located at Rai Industrial Estate, Sonipat, Haryana, each covering about 1,012.50 sq. meters. The facilities are equipped with advanced CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems.
The company is certified with quality standards, including ISO 9001:2015 and ISO 45001:2018.
In addition to manufacturing, it also undertakes turnkey projects for Water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agro-chemical plant setups.
The company also provides comprehensive services, including construction, erection, dismantling work, installation, and commissioning charges, among others.
As of December 31, 2025, the company had 96 permanent employees.
Competitive strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment of all or certain of our borrowings availed of by our Company 30.00 2 Funding Working Capital Requirement of the Company 7.66 3 General corporate purposes Total 37.66
Disclaimer
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