Tipco Engineering India was incorporated on September 30, 2021. The company manufactures and supplies a wide range of industrial machinery including bead mills, dispersers, homogenizers, mixers, and related equipment. Its products cater to industries such as paint and coatings, chemicals, printing and packaging, metals, and construction
| Bidding Dates |
|---|
| 23 Mar 2026 - 25 Mar 2026 |
| Subscription |
|---|
| 1.56x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,68,800 | 2 | 2 | 1600 | 6.8 M | ₹84 - ₹89 | 57.79 % | ₹571.5 M - ₹605.5 M | RHP DOC |
Tipco Engineering IPO SUBSCRIPTION STATUS
25 Mar '26Tipco Engineering IPO overall subscription rate was 1.56 times the total available shares
Tipco Engineering IPO retail subscription rate was 0.76 times in the retail segment
Tipco Engineering IPO non-institutional investor subscription rate was 3.77 times in the non-institutional investor category
Tipco Engineering IPO Qualified Institutional Bidder subscription rate was 1.46 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Mar 2026 (Day 3) | 0.76x | 3.77x | 1.46x |
24 Mar 2026 (Day 2) | 0.04x | 1.35x | 0.46x |
23 Mar 2026 (Day 1) | 0.02x | 0.01x | 0.46x |
Tipco Engineering FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 85.9 | 13.2 | -11.3 | 5.3 | 24.3% |
| FY25 | 133.1 | 15.6 | 8.8 | -22.5 | 17.9% |
| FY24 | 101.2 | 8.4 | 0.2 | -3.0 | 12.0% |
| FY23 | 36.0 | 2.6 | -6.1 | -6.9 | 9.7% |
Tipco Engineering IPO SUBSCRIPTION STATUS DETAILS
Tipco Engineering had 6.8 M shares on offer
Tipco Engineering IPO offer price was in the range ₹84 - ₹89
Tipco Engineering IPO minimum Investment was ₹268800
Tipco Engineering IPO issue size was ₹ 571.5 M - ₹ 605.5 M
Tipco Engineering had a minimum lot size of 1600 Shares per application
Tipco Engineering NUMBER OF SHARES ON OFFER
Tipco Engineering IPO IMPORTANT DATES
| Issue Open Date | 23 Mar 2026 |
| Issue close Date | 25 Mar 2026 |
| Allotment Date | 27 Mar 2026 |
| Refund Date | 30 Mar 2026 |
| Demat Account Credit Date | 30 Mar 2026 |
| Listing Date | 01 Apr 2026 |
| Listing on Exchange(s) | BSE |
| Tipco Engineering Allotment Status | Exchange/ Registrar |
Tipco Engineering IPO subscription opened on 23 Mar 2026, and closed on 25 Mar 2026
IPO allotment for Tipco Engineering was finalized on Friday, 27 Mar 2026
IPO listing for Tipco Engineering was on BSE on Wednesday, 01 Apr 2026
Tipco Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 89.0 |
| Listing Open Price | 89.3 |
| Listing Close Price | 84.8 |
| Listing Gain% | 0.3% |
| Current Gain% | 93.7% |
Tipco Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tipco Engineering India Ltd. | 172.4 | 358 | 14.1 | 0.2 | 2.5 | 25.2 | 13.6 | 146.1 | 9.5 | 25.3 | 62.1 | 12.2 | 62.1 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Tipco Engineering INFORMATION ON IPO ISSUE
About Tipco Engineering
Tipco Engineering India was incorporated on September 30, 2021. The company manufactures and supplies a wide range of industrial machinery including bead mills, dispersers, homogenizers, mixers, and related equipment. Its products cater to industries such as paint and coatings, chemicals, printing and packaging, metals, and construction
Object of the Issue
- Repayment/prepayment of all or certain of its borrowings availed of by the company
- Funding working capital requirement of the company
- General corporate purposes
Tipco Engineering - PROMOTERS
| Name |
|---|
| Ritesh Sharma |
| Sonia Sharma |
Tipco Engineering - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Ritesh Sharma | Chairman & Managing Director |
| Sonia Sharma | Whole Time Director |
| Anup Kumar Singh | Non-Executive Director |
| Jeewan Chandra | Non-Executive Independent Director |
| Patterson Thomas | Non-Executive Independent Director |
Tipco Engineering Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Tipco Engineering Registrar to the issue
Maashitla Securities Private Limited
investor.ipo@maashitla.com
Tipco Engineering Strengths
Diverse product portfolio
The company has developed a broad portfolio of plants and machinery by understanding customer requirements and product applications. Its offerings are primarily categorized into Mill Series, Disperser Series, and Homogenizer Series, enabling it to serve diverse industry needs
Strong manufacturing facility
The company operates a well-equipped manufacturing unit with in-house machinery, fabrication facilities, and a skilled workforce to ensure efficient production. Advanced quality assurance systems and order management software help maintain high product standards and enable clients to track order progress efficiently
Repeat orders
The company has built long-standing relationships with key customers and suppliers through consistent quality, timely delivery, and customized solutions. These strong relationships support business growth and provide a competitive advantage in the industry
Tipco Engineering Risks
Permits & approvals
The company’s operations require various statutory and regulatory licenses, approvals, and permits from state and central authorities. Any failure to obtain, renew, or maintain these approvals may adversely affect its business operations and financial performance
Discontinued customers are more than active customers
The company reports a higher number of discontinued customers due to the nature of its manufacturing business, where machinery is supplied based on specific operational requirements. Once installed, customers may not require additional machinery for several years, leading to their classification as discontinued customers for record-keeping purposes
Quality standards
The company operates in an industry with strict quality standards for manufacturing and supplying plant and machinery. Any failure to meet customer specifications or quality requirements may lead to order cancellations, reduced future business, or disqualification from participating in tenders
IPO FAQs
This IPO consists of an offer for sale of up to Rs 12.1 crore, of 1,355,200 shares. It also consists of a fresh issue of Rs 48.5 crore.
The promoters of the company are Ritesh Sharma and Sonia Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 84.0 - 89.0.
The IPO application opens on Mar 23, 2026 and closes on Mar 25, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 268,800.0, the maximum value for this IPO is Rs 284,800.0.
This IPO will be allotted on Mar 27, 2026.
The refund will be credited to your account on Mar 30, 2026.
The allotted shares will be credited to your demat on Mar 30, 2026.
Tipco Engineering India Ltd.’s shares listed on the stock exchanges on Apr 01, 2026.