SME
IPO ·
BSE SME
Tipco Engineering India Ltd
Listed
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 in
Issue details
Price band
₹84 – ₹89
Face value
₹10
Lot size
1,600 shares
Minimum investment
₹2,84,800
Issue size
₹60.55 Cr
Fresh issue
₹39.40 Cr
Offer for sale
₹12.06 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
23 Mar 2026
Closes
25 Mar 2026
UPI mandate cut-off
5:00 PM on 25 Mar 2026
Allotment
27 Mar 2026
Refunds
30 Mar 2026
Shares in demat
30 Mar 2026
Listing
1 Apr 2026
Subscription and listing
Subscription
1.50x
Listing price
₹89.25
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Smart Horizon Capital Advisors
Subscription by category
Total
1.50x
Total applications
465
Anchor investors
Amount raised
₹15.31 Cr
Bid date
20 Mar 2026
50% lock-in ends
26 Apr 2026
Rest lock-in ends
25 Jun 2026
Listing day
Issue price
₹89
Open
₹89.25
High
₹90.00
Low
₹84.79
Day close
₹84.79
Listing gain at open
+0.28%
Issue structure
Shares reserved per category and share of the total issue
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 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%
Market Maker Shares Offered
10,20,800
15.00%
Total Shares Offered
68,03,200
100.00%
Finaccle’s quick read
Apply
FY25 income up 32%, PAT up 85%, ROE 33.12%, D/E 0.81, post-issue P/E 10.51x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the 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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
33.12%
ROCE
24.76%
Debt / equity
0.81
PAT margin
15.35%
P/E post issue
10.51
Market cap
₹184.83 Cr
Use of IPO money
Repayment/prepayment of all or certain of our borrowings availed of by our Company
₹30.00 Cr
Funding Working Capital Requirement of the Company
₹7.66 Cr
General corporate purposes
₹4.65 Cr
Issue Expenses
₹7.72 Cr
Strengths
✓
Revenue up 32% in FY25 to ₹133.37 Cr
✓
PAT up 85% in FY25 to ₹15.61 Cr
✓
PAT margin of 15.35%
✓
ROE of 33.12% and ROCE of 24.76%
✓
Moderate leverage: debt to equity 0.81
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.