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Tipco Engineering IPO
Price Band
₹84.0–89.0
Issue Size
₹60.55 Cr
Lot Size
1,600 shares
Min Investment
₹284,800
2 LOTS MIN
GMP
—
Issue Price
₹89.0
Tipco Engineering IPO AI Summary
- Tipco Engineering IPO is listed on BSE SME in the Industrial Products sector.
- Price band: ₹84.0–₹89.0 per share, lot size 1,600 shares (min. investment ₹284,800, 2 lots minimum).
- Subscription window: 23 Mar–25 Mar 2026, listing on 01 Apr 2026.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Tipco Engineering IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Tipco Engineering is engaged in the manufacturing and supply of industrial machinery used in various industries such as paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. Products: 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 offer machinery under three categories: Mill Series– Used for grinding and milling operations. Disperser Series– Used for mixing and dispersing chemical components uniformly. Homogenizer Series– Used to blend or break down particles for uniform texture and consistency. Manufacturing Facilities: 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. Besides manufacturing, it also undertake turnkey projects for Water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agro-chemical plant setups. Competitive strengths Wide Range of Products Repeat orders from Customers Experienced Promoter and management team with proven execution capabilities Manufacturing setup under one roof Strong order book of Rs 1,448.52 Lakhs (As on September 15, 2025)
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 114.55 | 100.96 | 65.72 | 28.04 |
| Total Income | 86.25 | 133.37 | 101.36 | 35.98 |
| Profit After Tax | 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 and Surplus | 31.09 | 33.21 | 12.50 | 2.56 |
| Total Borrowing | 37.52 | 37.23 | 25.68 | 8.42 |
Key Ratios
EPS
₹10.19
NAV
₹21.69
ROE
68.26%
ROCE
33.27%
RoNW
46.98%
P/B Value
4.10
P/E Ratio
8.73
Market Cap
₹184.83 Cr
PAT Margin
11.72%
Debt/Equity
1.12
Promoters
Ritesh Sharma and Sonia Sharma
Objects of the Issue
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 4.65 4 Issue Expenses 7.72 Total 50.02
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹35.98 Cr in the year ending 31 Mar 2023, rising to ₹101.36 Cr by 31 Mar 2024, then increasing further to ₹133.37 Cr by 31 Mar 2025. However, total income decreased to ₹86.25 Cr by 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹2.56 Cr in the year ending 31 Mar 2023, increasing to ₹8.45 Cr by 31 Mar 2024, and further rising to ₹15.61 Cr by 31 Mar 2025. By 31 Dec 2025, Profit After Tax was ₹13.19 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in the grey market. A positive GMP suggests strong demand, while a negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, assessing factors such as the company's financial health, market position, and growth potential.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to significant price fluctuations and uncertainty.
IPO Timeline, Explained
The IPO process involves several key dates: the offer opens on 23 March 2026 and closes on 25 March 2026. Allotment of shares will be done by 27 March 2026, with the listing date set for 1 April 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a surge in price on their debut, others may decline. Factors influencing this include market conditions, investor sentiment, and the company's fundamentals. Investors should be prepared for potential volatility on listing day.
This evaluation is generated from Tipco Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Tipco Engineering IPO?
The price band of Tipco Engineering IPO is ₹84.0–₹89.0 per share.
When does Tipco Engineering IPO open and close?
Tipco Engineering IPO opens on 23 March 2026 and closes on 25 March 2026.
When does Tipco Engineering IPO list on the stock exchange?
Tipco Engineering IPO listed on 01 April 2026 at ₹89.0.
What is the lot size for Tipco Engineering IPO?
The lot size for Tipco Engineering IPO is 1600 shares, requiring a minimum investment of ₹284,800 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹84.0 to ₹89.0.
What is the minimum investment required?
The minimum investment required is ₹2,84,800.
What is the lot size for the IPO?
The lot size for the IPO is 1600 shares.
When is the listing date for the shares?
The listing date for the shares is 1 April 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Mar 2026
Close
25 Mar 2026
Allotment
27 Mar 2026
Listing
01 Apr 2026
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