Tipco Engineering India IPO
smelistedAbout the company
Tipco Engineering India is engaged in the manufacturing and supply of industrial machinery used for grinding, dispersion, and mixing processes. It offers a wide range of equipment such as bead mills, dispersers, homogenisers, sigma mixers, and other process machinery used in industries such as paints and coatings, chemicals, printing and packaging, metal, and construction. The company’s product portfolio is categorised into three major series: Mill series, Disperser series, and Homogeniser series. The company operates from its manufacturing facility in Sonipat, Haryana, where most production activities are conducted in-house with advanced fabrication and quality control systems. Tipco Engineering India operates throughout India in 21 states and five Union Territories. Uttar Pradesh generated 29.17% of revenue for 9MFY26, while Haryana contributed 20.83%. The company derives most of its revenue from the domestic market, with 90.44% from domestic sales and 9.56% from exports in 9MFY26. There has been an increase in exports from 3.19% in FY23 to 9.56% in 9MFY26. The company generates its revenue from various business sectors. The paint and coating sector delivered the highest revenue contribution of 58.12% for 9MFY26, followed by the chemical sector at 21.65%, and constructions and Infrastructures at 12.5%. As of December 31, 2025, the company’s order Book stood at ₹76.41 crore.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 25 Mar | ₹0 | ₹89 | 0 |
| 24 Mar | ₹0 | ₹89 | 0 |
| 23 Mar | ₹0 | ₹89 | 0 |
| 22 Mar | ₹0 | ₹89 | 0 |
| 21 Mar | ₹0 | ₹89 | 0 |
| 20 Mar | ₹0 | ₹89 | 0 |
| 19 Mar | ₹0 | ₹89 | 0 |
| 18 Mar | ₹0 | ₹89 | 0 |
Strengths
- Engineering company engaged in manufacturing of engineering components and equipment for industrial applications
- Strong presence in sectors such as power, steel, cement, and infrastructure
- Modern manufacturing facilities with advanced fabrication and machining capabilities
- Established relationships with domestic and international clients
- Experienced management team with industry expertise
- Growing demand for engineering and fabrication services driven by infrastructure development
- Diversified product portfolio reducing dependence on a single product line
Risks
- Capital-intensive business requiring continuous investment in machinery and equipment
- Revenue dependent on capital expenditure cycles of industries such as power and steel
- Exposure to fluctuations in raw material prices such as steel and metals
- Project execution risks including delays and cost overruns
- High working capital requirements typical in engineering and fabrication businesses
- Competition from established engineering and EPC companies
- Dependence on a limited number of key customers for a significant portion of revenue
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed23 Mar 2026Bidding starts for all investor categories
IPO Closes
Completed25 Mar 2026Last day to place your bid
Basis of Allotment
Completed27 Mar 2026Share allotment finalised
Refund Initiation
Completed30 Mar 2026Refunds credited for non-allottees
Credit to Demat
Completed30 Mar 2026Allotted shares credited to demat account
Listing on Exchange
Completed01 Apr 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1600 | ₹142,400 | 1 | ₹142,400 | 1 lot only |
| HNI | 2 | 3200 | ₹284,800 | 2 | ₹284,800 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 3,526,012 | 30.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,057,803 | 9.15 | 0 | 0.00x | 100% |
| Retail | 35% | 2,468,208 | 21.35 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
