Tipco Engineering IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 35.98 | 101.36 | 133.37 | 86.25 |
| Expense | 32.89 | 91.15 | 114.56 | 69.52 |
| Profit (PAT) | 2.56 | 8.45 | 15.61 | 13.19 |
| Total Assets | 28.04 | 65.72 | 100.96 | 114.55 |
Promoters: Mr. Ritesh Sharma and Ms. Sonia Sharma
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,53,19,584 | 87.19% |
Company Information
Set up in September, 2021, Tipco Engineering has been operating in the manufacturing of industrial machinery for various sectors like paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The firm manufactures mainly 3 categories of industrial machinery, which include Mill Series, used for grinding and milling purposes, Disperser Series, used for mixing and dispersing chemical components, and Homogenizer Series, used to blend or break down particles. The firm operates its 2 manufacturing units situated in Haryana, spanning 1,012.50 sq. meters. Its facility includes advanced CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems. Apart from manufacturing, Tipco Engineering also handles turn-key projects for ink, construction chemical, and agro-chemical manufacturing plants.
| Purpose | Amount (Cr) |
|---|---|
| Repayment/prepayment of all or certain of our borrowings availed of by our Company | 30.00 |
| Funding the Working Capital Requirement of our Company | 8.16 |
| General Corporate Purpose | - |
Resources & Documents
Tipco Engineering India Ltd., P.No. 1658, Phase I, Sector 38,, Industrial Estate Rai Distt.,, Sonepat, P.S.Rai,, Sonipat, Haryana, 131029
Tipco Engineering has set a price band of Rs 84–Rs 89 per share for an issue size of Rs 61 crore. The stock listed with a 0.28% gain versus its issue price on April 01, 2026.
Set up in September, 2021, Tipco Engineering has been operating in the manufacturing of industrial machinery for various sectors like paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The firm manufactures mainly 3 categories of industrial machinery, which include Mill Series, used for grinding and milling purposes, Disperser Series, used for mixing and dispersing chemical components, and Homogenizer Series, used to blend or break down particles.
The issue is promoted by Mr. Ritesh Sharma and Ms. Sonia Sharma with Smart Horizon Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Repayment/prepayment of all or certain of our borrowings availed of by our Company (Rs 30 crore) and Funding the Working Capital Requirement of our Company (Rs 8 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.56x, retail at 0.66x, QIB at 3.20x, NII at 1.52x.
On fundamentals, the company is posting revenue growth of 31.6%, a profit margin of 11.7%, return on equity of 68.3% in its most recent reported period.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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