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Tipco Engineering India IPO: GMP, Price Band, Date & Analysis
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Tipco Engineering India IPO- Company Analysis
Tipco Engineering India IPO under the SME IPO category is a bookbuild issue of Rs. 60.55 Cr by Tipco Engineering India Limited and is involved in producing and providing industrial machinery for a range of industries, such as infrastructure, paint and coatings, chemicals, printing and packaging, metal, and construction.
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), Homogenizers (In-Line, In-Tank, High Shear), and other equipment like Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machine are all produced by the company.
Three sorts of machinery are offered by the company:
- Mill Series: Used in milling and grinding processes.
- The disperser series is used to evenly mix and distribute chemical components.
- Particles are blended or broken down using the Homogeniser Series to get a consistent texture and uniformity.
The business holds certifications for quality standards such as ISO 45001:2018 and ISO 9001:2015.
Tipco Engineering India IPO Details
The Tipco Engineering India IPO date of opening is 23 Mar 2026, its initial public offering will end on 25 Mar, IPO allotment on Mar 27 and refund initiation on Mar 30, 2026.
The Rs. 60.55 crore new SME IPO comprises a fresh issue of 0.54 crore shares (Rs. 48.49 crores) and offer for sale of 0.14 crore shares (Rs. 12.06 crores).
The Tipco Engineering India IPO listing date (expected) might be on Wednesday, Apr 01, 2026, and listing at the BSE and SME.
The Tipco Engineering India IPO price band is Rs. 84 to Rs. 89.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Mar 23, 2026 |
|
IPO Closing Date |
Mar 25, 2026 |
|
IPO Allotment Date |
Mar 27, 2026 |
|
Refund Initiation |
Mar 30, 2026 |
|
IPO Listing Date |
Apr 01, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
100.96 |
65.72 |
28.04 |
|
Total Income |
133.37 |
101.36 |
35.98 |
|
Profit After Tax |
15.61 |
8.45 |
2.56 |
|
EBITDA |
23.85 |
12.14 |
3.47 |
|
Net Worth |
33.23 |
12.51 |
2.57 |
|
Reserves and Surplus |
33.21 |
12.50 |
2.56 |
|
Total Borrowing |
37.23 |
25.68 |
8.42 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
876.42 |
23.17 |
(606.86) |
|
Net Cash Flow Investing Activities |
(3,098.97) |
(405.40) |
(90.36) |
|
Net Cash Flow Financing Activities |
1,984.00 |
686.00 |
703.00 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Repayment/prepayment of all or certain of our borrowings availed of by our Company. ~ Rs. 30 Cr.
- Funding the working capital requirement of the company. ~ Rs. 7.66 Cr.
- General Corporate Purposes.
Listed Peers of Tipco Engineering India Ltd.
There are no listed companies in India that are engaged in a business similar to that of our Company.
Valuation
|
KPI |
Value |
|
ROE |
68.26% |
|
ROCE |
33.27% |
|
Debt/Equity |
1.12 |
|
RoNW |
46.98% |
|
PAT Margin |
11.72% |
|
EBITDA Margin |
17.91% |
|
Price to Book Value |
4.10 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 10.88 from the last year, the resulting P/E ratio is 8.18x.
Explore the Striders Impex IPO.
IPO's Strengths
- Numerous Products
- Customers' recurring orders
- seasoned management team and promoter with a track record of successful execution
- A single-roof manufacturing arrangement.
IPO's Weaknesses
- Events or incidents that could take place at the manufacturing facility and stop the production process;
- Modifications to governmental regulations.
- Employees of the company are disclosing private information to rivals.
Tipco Engineering India IPO GMP (Grey Market Premium)
Tipco Engineering India IPO GMP today is Rs. 0, as of 17 Mar 2026 while writing this information.
Tipco Engineering India IPO Summary
|
IPO Opening & Closing Date |
23 Mar, 2026 to 25 Mar, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 84 to Rs. 89 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
68,03,200 Shares (Rs. 61 Cr) |
|
Offer for Sale |
13,55,200 Shares (Rs. 12 Cr) |
|
Fresh Issue |
44,27,200 Shares (Rs. 39 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Maashitla Securities Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,84,800, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 4,27,200.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Tipco Engineering India IPO Allotment Status
To check the Tipco Engineering India IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Tipco Engineering India Ltd.
- Mr. Ritesh Sharma
- Ms. Sonia Sharma
|
Pre-Issue Promoter Shareholding |
87.19% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- Smart Horizon Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three financial years.
Conclusion
With robust revenue growth, good margins, and a fair valuation of about 8.18x P/E based on FY25 EPS, Tipco Engineering India IPO offers a tempting opportunity in the industrial machinery sector. Despite risks like operational disruptions and regulatory changes, long-term investors find the company appealing because to its diversified product assortment, recurring client purchases, and emphasis on debt repayment.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Prospectus of the company, click here to download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
