Tipco Engineering IPO

Listed SME
Open Mar 23
Close Mar 25
Allotment Mar 27
Refund Mar 30
Listing Apr 01

Market Sentiment

Grey Market Premium What is GMP?
+Rs 0
Updated: Mar 13, 2026 3:07 pm
View Full GMP History →
Subscription Status
QIB
3.20x
bNII (>10L)
4.57x
sNII (2-10L)
0.74x
Retail
0.66x
Total
1.56x
Updated: Mar 30, 2026 6:45 pm IST
Analysis Score 37 / 100
Avoid
Data: 78%
GMP Score 40
Subscription Score 25
Financial Health 71

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 3,200 ₹2,84,800
Retail Maximum 2 3,200 ₹2,84,800
S-HNI Minimum 3 4,800 ₹4,27,200
S-HNI Maximum 7 11,200 ₹9,96,800
B-HNI Minimum 8 12,800 ₹11,39,200

IPO Details

Issue Price₹84-89 per equity share
Face Value₹10 Per Equity Share
Lot Size 3200 shares (Min ₹2,84,800)
Total Issue Size ₹61.00 crore
Fresh Share₹48.49 crore
Offer For Sale₹12.51 crore
Issue TypeBook build Issue
Lead ManagerSmart Horizon Capital Advisors Pvt. Ltd.
RegistrarMaashitla Securities Pvt. Ltd.
Listing atBSE
ISIN
Listing Price₹89.25
Listing Gain+0.28%

IPO Reservation

Category Shares Offered
QIB11,56,800
NII (HNI)8,73,600
bNII > ₹10L5,82,400
sNII < ₹10L2,91,200
Retail20,32,000
Anchor17,20,000

Financial Analysis

Financial Data
ROE
68.26%
ROCE
33.27%
Debt/Equity
1.12
NAV/Share
Rs 21.69
Revenue Growth
31.58%
Profit Margin
11.70%
Financial Performance
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
Values in Crores (₹)
Promoters & Holding Pattern

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

About Tipco Engineering

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.

Objects of the Issue
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

Anchor Investors
Anchor Bidding Date
March 20, 2026
Shares Offered to Anchors
17,20,000
Lock-in End (30 Days, 50%)
April 26, 2026
Lock-in End (90 Days, 50%)
June 25, 2026
Company Contact Information

Tipco Engineering India Ltd., P.No. 1658, Phase I, Sector 38,, Industrial Estate Rai Distt.,, Sonepat, P.S.Rai,, Sonipat, Haryana, 131029

Frequently Asked Questions

Tipco Engineering IPO is SME IPO. The company is going to raise ₹61 Crores via IPO. The issue is priced at ₹84 to ₹89 per equity share. The IPO is to be listed on BSE.

The IPO is to open on March 23, 2026 for QIB, NII, and Retail Investors. The IPO will close on March 25, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for Tipco Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

Tipco Engineering IPO issue size is ₹61 crores.

Tipco Engineering IPO Price Band is ₹84 to ₹89.

The minimum bid is 3,200 Shares with ₹2,84,800 amount.

Tipco Engineering IPO allotment date is March 27, 2026.

Tipco Engineering IPO listing date is April 1, 2026. The IPO is to list on BSE.

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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