Tipco Engineering Links 
Allotment
The Tipco Engineering IPO is a book-built issue worth ₹60.55 crore. The offering consists of a fresh issue of 0.54 crore shares amounting to ₹48.49 crore and an offer for sale (OFS) of 0.14 crore shares aggregating to ₹12.06 crore.
The IPO will open for subscription on March 23, 2026, and close on March 25, 2026. The basis of allotment is expected to be finalized on March 27, 2026.
The shares are proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for April 1, 2026.
The price band for the IPO has been fixed at ₹84 to ₹89 per share. The lot size is 1,600 shares per application.
Retail investors are required to apply for a minimum of 2 lots (3,200 shares), which amounts to an investment of ₹2,84,800 at the upper price band.
For HNI investors, the minimum application size is 3 lots (4,800 shares), amounting to ₹4,27,200.
Smart Horizon Capital Advisors Pvt. Ltd. is acting as the book-running lead manager for the issue, while Maashitla Securities Pvt. Ltd. has been appointed as the registrar.
Shreni Shares Ltd. will act as the market maker for the IPO.
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52 Weeks Low
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Updates On
March 15, 2026
IPO. Open
Mar 23, 2026
IPO. Close
Mar 25, 2026
IPO. Price
₹89.00
IPO Market price
₹184.83 Cr
IPO Details
| IPO Date | 1 Apr |
| IPO Listing Date | 1 Apr |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹89.00 |
| IPO Issue Size | 68,03,200 shares |
| IPO Sale Type | Fresh capital cum OFS |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 1,53,19,584 shares |
IPO Timeline
| IPO Open Date | 23 Mar |
| IPO Close Date | 25 Mar |
| IPO Allotment (Tentative) | 27 Mar |
| Refunds | 30 Mar |
| Credit to Demat Account | 30 Mar |
| IPO Listing Date | 1 Apr |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 28,76,800 Shares |
| NII (HNI) Shares Offered | 8,73,600 Shares |
| Retail Shares Offered | 20,32,000 Shares |
IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,84,800 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,84,800 |
| S-HNI (Min) | 3 | 4,800 | ₹4,27,200 |
| S-HNI (Max) | 7 | 11,200 | ₹9,96,800 |
| B-HNI (Min) | 8 | 12,800 | ₹11,39,200 |
Incorporated in September 2021, Tipco Engineering is engaged in the manufacturing and supply of industrial machinery used across multiple industries such as paints and coatings, chemicals, printing and packaging, metals, construction, and infrastructure.
The company manufactures a wide range of industrial equipment, 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). Additionally, it produces other specialized machinery such as Attritor Mills, Basket Mills, Sigma Mixers, and Liquid Powder Mixing Machines.
The company’s product portfolio is broadly categorized into three series:
- Mill Series – Designed for grinding and milling operations.
- Disperser Series – Used for efficient mixing and uniform dispersion of chemical components.
- Homogenizer Series – Used for blending materials and breaking down particles to achieve uniform texture and consistency.
Tipco Engineering operates two manufacturing units located in Rai Industrial Estate, Sonipat, Haryana, each covering approximately 1,012.50 square meters. The facilities are equipped with advanced machinery such as CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems, enabling efficient and high-quality production.
The company maintains strong quality and safety standards and holds certifications including ISO 9001:2015 and ISO 45001:2018.
Beyond manufacturing, Tipco Engineering also undertakes turnkey projects for setting up water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agrochemical plant facilities.
The company further provides a range of support services, including construction, erection, dismantling, installation, and commissioning of machinery and plant systems.
As of December 31, 2025, Tipco Engineering employed 96 permanent staff members.
Competitive Strengths
- Diverse product portfolio catering to multiple industrial applications
- Strong customer relationships, reflected in repeat orders
- Experienced promoter and management team with proven execution capabilities
- Integrated manufacturing facility under one roof
Robust order book of ₹1,448.52 lakhs as of September 15, 2025
Company Financials (Consolidated)
| Assets | 114.55 | 100.96 | 65.72 |
| Total Income | 86.25 | 133.37 | 101.36 |
| Profit After Tax | 13.19 | 15.61 | 8.45 |
| EBITDA | 20.89 | 23.85 | 12.14 |
| Net Worth | 46.41 | 33.23 | 12.51 |
| Reserves and Surplus | 31.09 | 33.21 | 12.5 |
| Total Borrowing | 37.52 | 37.23 | 25.68 |
Key Performance Indicator (KPI)
| ROE | 33.12% |
| ROCE | 24.76% |
| Debt/Equity | 0.81 |
| RoNW | 28.41% |
| PAT Margin | 15.35% |
| EBITDA Margin | 24.32% |
| Price to book value | - |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 8.16 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Tipco Engineering India Ltd. Address
P.No. 1658, Phase I, Sector 38,
Industrial Estate Rai Distt.,
Sonepat, P.S.Rai,
Sonipat, Haryana, 131029
+91 9996635489
investors@tipcoengineering.com
https://tipcoengineering.com/
Detail Registrar
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
investor.ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues
The Tipco Engineering India Limited IPO is an SME public issue worth about ₹60.55 crore. The offering includes a fresh issue and an offer for sale and will list on the BSE SME Platform.
The Tipco Engineering India Limited IPO will open for subscription on March 23, 2026, and close on March 25, 2026, allowing investors to apply during this three-day bidding period.
The price band for the Tipco Engineering India Limited IPO is set between ₹84 and ₹89 per share, and investors must place bids within this range when submitting applications.
Retail investors must apply for at least 2 lots (3,200 shares). At the upper price band of ₹89 per share, the minimum investment required is approximately ₹2,84,800.
Shares of Tipco Engineering India Limited are expected to be listed on April 1, 2026, on the BSE SME Platform, subject to successful allotment and regulatory approvals.
The registrar to the issue is Maashitla Securities Pvt. Ltd., while Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager managing the IPO process.
Founded in 2021, Tipco Engineering India Limited manufactures industrial machinery such as bead mills, dispersers, and homogenizers used in industries like chemicals, paints, packaging, construction, and infrastructure.
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