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Tipco Engineering India Limited IPO
Industrial Machinery · Bead Mills · Dispersers · Homogenizers · Turnkey Plants
📋 SME IPO
Fresh + OFS
BSE SME
₹89
Issue Price
₹60.55 Cr
Issue Size
Apr 1, 2026
Listing Date
₹184.83 Cr
Market Cap (Pre-IPO)
📅 IPO Timetable
Tentative dates🟢
IPO Opens
Monday, 23 March 2026
Bidding starts — apply before close
🔒
IPO Closes
Wednesday, 25 March 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Friday, 27 March 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Monday, 30 March 2026
Unallotted funds returned; shares credited to demat
🏷️
Listing on BSE SME
Wednesday, 1 April 2026
Trading begins from 10:00 AM IST
📋 IPO Details
Key issue informationIPO Open Date23 March 2026 (Mon)
IPO Close Date25 March 2026 (Wed)
Listing Date1 April 2026 (Wed)
Face Value₹10 per share
Price Band₹84 to ₹89
Issue Price (Upper Band)₹89 per share
Issue TypeBook Build — Fresh + OFS
Lot Size1,600 shares
Total Issue Size68,03,200 shares (₹60.55 Cr)
Fresh Issue44,27,200 shares (₹39 Cr)
Offer for Sale (OFS)13,55,200 shares (₹12 Cr)
Market Maker Reservation10,20,800 shares (₹9 Cr)
Net Offered to Public57,82,400 shares (₹51 Cr)
Market MakerShreni Shares Ltd.
Pre-Issue Shares1,53,19,584
Post-Issue Shares2,07,67,584
Promoter Holding (Pre)87.19%
Market Cap (Pre-IPO)₹184.83 Cr
Listing ExchangeBSE SME
Lead ManagerSmart Horizon Capital Advisors Pvt. Ltd.
RegistrarMaashitla Securities Pvt. Ltd.
Employees96 permanent (as of Dec 31, 2025)
💰 Lot Size & Minimum Investment
At issue price ₹89| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum & Maximum | 2 | 3,200 | ₹2,84,800 |
| S-HNI (sNII) — Min | 3 | 4,800 | ₹4,27,200 |
| S-HNI (sNII) — Max | 7 | 11,200 | ₹9,96,800 |
| B-HNI (bNII) — Min | 8 | 12,800 | ₹11,39,200 |
⚠️ SME IPO Note: Minimum bid is 2 lots (3,200 shares = ₹2,84,800). Retail investors can apply for a maximum of 2 lots only. Lot size is 1,600 shares; bids must be in multiples of 1,600 shares.
👥 Investor Reservation
Out of 68,03,200 total shares42.29%
QIB (Total)
28,76,800 shares
Incl. anchor
25.28%
Anchor Investors
17,20,000 shares
QIB anchor portion
29.87%
Retail (RII)
20,32,000 shares
Max 2 lots per applicant
12.84%
NII / HNI
8,73,600 shares
sNII + bNII
💡 Market Maker: Shreni Shares Ltd. has been allocated 10,20,800 shares (15.00% of total issue) as market maker to ensure liquidity post-listing on BSE SME.
📈 Company Financials
Restated · ₹ Crore| Metric | 9M FY26 (Dec 25) | FY 2024–25 | FY 2023–24 | FY 2022–23 |
|---|---|---|---|---|
| Total Assets | 114.55 | 100.96 | 65.72 | 28.04 |
| Total Income | 86.25 | 133.37 | 101.36 | 35.98 |
| PAT | 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 & Surplus | 31.09 | 33.21 | 12.50 | 2.56 |
| Total Borrowings | 37.52 | 37.23 | 25.68 | 8.42 |
Revenue Growth
FY 2022–23₹35.98 Cr
FY 2023–24₹101.36 Cr
FY 2024–25₹133.37 Cr
9M FY26 (Apr–Dec 2025)₹86.25 Cr
📊 Key Performance Indicators
68.26%
ROE
FY 2024–25
33.27%
ROCE
FY 2024–25
11.72%
PAT Margin
FY 2024–25
17.91%
EBITDA Margin
FY 2024–25
33.12%
ROE (9M FY26)
Dec 31, 2025
24.76%
ROCE (9M FY26)
Dec 31, 2025
0.81x
Debt/Equity
Dec 31, 2025
24.32%
EBITDA Margin (9M)
Dec 31, 2025
💹 Valuation & EPS
Pre-IPO EPS
₹10.19
FY25 earnings + pre-issue shares
P/E: 8.73xPost-IPO EPS
₹8.47
Annualised 9M FY26 + post-issue shares
P/E: 10.51xPrice to Book Value
4.10x
At ₹89 (post-issue book)
Market Cap (Pre-IPO)
₹184.83 Cr
At issue price ₹89
ℹ️
Pre-IPO EPS (₹10.19) based on pre-issue shares (1,53,19,584) and FY25 earnings. Post-IPO EPS (₹8.47) based on post-issue shares (2,07,67,584) and annualised 9M FY26 earnings (Dec 31, 2025). Indicative figures from the RHP.
🎯 Objects of the Issue
Net proceeds utilisation1
Repayment / prepayment of all or certain outstanding borrowings availed by the Company
₹30.00 Cr
2
Funding Working Capital Requirements of the Company
₹8.16 Cr
3
General corporate purposes
Balance
Total (items 1 & 2)
₹38.16 Cr
🏢 About Tipco Engineering India Limited
Est. 2021 · Sonipat, Haryana · Industrial MachineryIncorporated in September 2021, Tipco Engineering India Limited is engaged in manufacturing and supplying industrial machinery for industries including paint & coatings, chemicals, printing & packaging, metal, construction, and infrastructure. The company manufactures Bead Mills, Dispersers, Homogenizers, Attritor Mills, Basket Mills, Sigma Mixers, and Liquid Powder Mixing Machines.
The company operates two units at Rai Industrial Estate, Sonipat — each covering ~1,012.50 sq. metres — equipped with CNC machines, laser cutting, welding, and quality testing systems. It is certified with ISO 9001:2015 and ISO 45001:2018. In addition to machinery, it undertakes turnkey projects for water-based and solvent-based ink plants, construction chemical production lines, and agro-chemical setups. Order book stands at ₹14.49 Cr as of September 15, 2025.
Product Categories
⚙️
Mill Series
Bead Mills (Batch, Lab, Horizontal, Vertical, Pin-Type, Disc, Dyno), Attritor Mills, Basket Mills
🌀
Disperser Series
High-Speed, Twin-Shaft, Triple-Shaft, Vacuum, Platform & Fixed-Type Dispersers
🧪
Homogenizer Series
In-Line, In-Tank & High Shear Homogenizers; Sigma Mixer; Liquid Powder Mixing Machine
🏗️
Turnkey Projects
Ink manufacturing plants, construction chemical lines, agro-chemical plant setups
Competitive Strengths
📦Wide product range — mills, dispersers, homogenizers, sigma mixers & turnkey plants
🔄Repeat orders from customers — strong client retention across industries
✅ISO 9001:2015 and ISO 45001:2018 certified manufacturing facilities
🏭Two integrated manufacturing units at Rai Industrial Estate, Sonipat under one roof
💼Strong order book of ₹14.49 Cr (as on Sep 15, 2025)
Company Promoters
RS
Mr. Ritesh Sharma
Promoter, Tipco Engineering India Limited
SS
Ms. Sonia Sharma
Promoter, Tipco Engineering India Limited
📅 Key Dates
IPO Opens23 Mar 2026
IPO Closes25 Mar 2026
Allotment27 Mar 2026
Refund & Share Credit30 Mar 2026
Listing Day1 Apr 2026
💡 Quick Summary
Price Band₹84 – ₹89
Issue Price₹89 / share
Lot Size1,600 shares
Min. Investment (Retail)₹2,84,800 (2 lots)
Issue Size₹60.55 Cr
Fresh Issue₹48.49 Cr
OFS₹12.06 Cr
ListingBSE SME
🏦 Registrar & Lead Manager
Lead Manager
Smart Horizon Capital Advisors Pvt. Ltd.
Market Maker
Shreni Shares Ltd.
📍 Company Address
Tipco Engineering India Limited
P.No. 1658, Phase I, Sector 38,
Industrial Estate Rai Distt.,
Sonipat, Haryana – 131029
📞 +91 9996635489
investors@tipcoengineering.com
P.No. 1658, Phase I, Sector 38,
Industrial Estate Rai Distt.,
Sonipat, Haryana – 131029
📞 +91 9996635489
investors@tipcoengineering.com
🛡️ Regulatory Note: IPO investments are subject to SEBI regulations. Always read the RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Tipco Engineering IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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