Tipco Engineering India IPO Details
Tipco Engineering India IPO Summary
Tipco Engineering India IPO opens for subscription on 23 Mar 2026 and closes on 25 Mar 2026.The IPO will be listed on BSE with the tentative listing date set for 01 Apr 2026.
Tipco Engineering India IPO price band has been fixed at ₹84 – ₹89 per share. The face value is ₹10 per share with a lot size of 1600.
Tipco Engineering India IPO total issue size comprises 68,03,200 shares (aggregating up to ₹60.55 Cr). This includes a fresh issue of 54,48,000 shares (aggregating up to ₹48.49 Cr). Offer for Sale consists of 13,55,200 shares (aggregating up to ₹12.06 Cr). Pre-issue shareholding stands at 1,53,19,584, which will increase to 2,07,67,584 post-issue.
Tipco Engineering India IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Tipco Engineering India IPO Lot Size :Individual Minimum is 2 lots (3,200 shares) amounting to ₹284,800. Individual Maximum is 2 lots (3,200 shares) amounting to ₹284,800. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹427,200. SHNI Maximum is 7 lots (11,200 shares) amounting to ₹996,800. BHNI Minimum is 8 lots (12,800 shares) amounting to ₹1,139,200.
Tipco Engineering India IPO Details
Tipco Engineering India IPO Subscription
Tipco Engineering India IPO Application Wise Breakup
Tipco Engineering India IPO Dates
- 23 Mar 2026Opening dateOpen
- 25 Mar 2026Closing dateClose
- 27 Mar 2026Allotment Date Allotment
- 30 Mar 2026Initiation of RefundsRefund
- 30 Mar 2026Credit of SharesCredit
- 01 Apr 2026Listing dateListing
Tipco Engineering India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 3200 | ₹284,800 |
| Individual Maximum | 2 | 3200 | ₹284,800 |
| SHNI Minimum | 3 | 4800 | ₹427,200 |
| SHNI Maximum | 7 | 11200 | ₹996,800 |
| BHNI Minimum | 8 | 12800 | ₹1,139,200 |
Tipco Engineering India IPO Reservation
Promoter Holding
Documents
Tipco Engineering India IPO Valuations
Tipco Engineering India Financial Information
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 114.55 | 100.96 | 65.72 | 28.04 |
| Total Income | 86.25 | 133.37 | 101.36 | 35.98 |
| Profit After Tax | 13.19 | 15.61 | 8.45 | 2.56 |
| EBITDA | 20.89 | 23.85 | 12.14 | 3.47 |
| NET Worth | 46.41 | 33.23 | 12.51 | 2.57 |
| Reserves and Surplus | 31.09 | 33.21 | 12.50 | 2.56 |
| Total Borrowing | 37.52 | 37.23 | 25.68 | 8.42 |
| Amount in ₹ Crore | ||||
About Tipco Engineering India IPO
Tipco Engineering Limited, incorporated in September 2021, is engaged in the manufacturing and supply of industrial machinery catering to various industries including paint and coatings, chemicals, printing and packaging, metals, construction, and infrastructure.
The company manufactures a wide range of industrial equipment such as Bead Mills, Dispersers, and Homogenizers, along with other specialized machinery including Attritor Mills, Basket Mills, Sigma Mixers, and Liquid Powder Mixing Machines. These machines are designed to support grinding, mixing, dispersing, and blending processes across different industrial applications.
Tipco Engineering offers its machinery under three primary product categories:
Mill Series: Machines used for grinding and milling operations, including different types of bead mills such as batch type, laboratory, horizontal, vertical, pin-type, disc-type, and dyno mills.
Disperser Series: Equipment designed for mixing and dispersing chemical components uniformly, including high-speed dispersers, twin-shaft dispersers, triple-shaft dispersers, vacuum dispersers, platform dispersers, and fixed-type dispersers.
Homogenizer Series: Machines used to blend materials or break down particles to achieve uniform texture and consistency, including in-line, in-tank, and high-shear homogenizers.
The company operates two manufacturing units located at Rai Industrial Estate, Sonipat, Haryana, each covering approximately 1,012.50 square meters. These facilities are equipped with advanced manufacturing infrastructure including CNC machining centers, laser cutting equipment, welding units, polishing machines, and quality testing systems.
Tipco Engineering Limited adheres to internationally recognized quality standards and holds certifications such as ISO 9001:2015 and ISO 45001:2018.
In addition to manufacturing machinery, the company also undertakes turnkey projects for setting up water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agrochemical processing plants.
The company further provides a range of support services including construction, erection, dismantling, installation, and commissioning services for industrial equipment and plant setups.
As of December 31, 2025, Tipco Engineering Limited had a total workforce of 96 permanent employees.
Strength Of Tipco Engineering India IPO
- Wide Range of Products.
- Quality products.
- Repeat orders from Customers.
- Experienced Promoter and management team with proven execution capabilities and Skilled work force with contemporary capabilities.
- Manufacturing setup under one roof.
- Strong order book.
Risk Of Tipco Engineering India IPO
- Our business operations rely significantly on the continuous and timely supply of raw materials from top one supplier, top 5 and top 10 suppliers, Also, we do not have continuing and exclusive supply agreement with them. Our purchases of stock-in-trade from top 10 suppliers are 59.93%, 56.66% and 67.83% in fiscal years 2025, 2024 and 2023 respectively, accordingly, this exposes us to a concentration of purchases from top 10 suppliers and also, any interruptions or discontinuation of same will adversely impact our overall performance and profitability.
- We generate our majority of the sales from domestic market of which major portion of sales from our operations is generated from certain geographical regions especially, Uttar Pradesh, Rajasthan and Haryana which totally contributed 73.03%, 81.86% and 65.46% for fiscals 2025, 2024 and 2023 respectively and minority portion of sales is from international market. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- We have entered into and may enter into related party transactions in the future, however, there can be no assurance that such transactions, individually or taken together, will not have an adverse effect on our business, prospects, results of operations and financial condition.
- The company has certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- Our Registered Office and Manufacturing Unit both are situated at the same place and is owned by one of our Promoters, Mr. Ritesh Sharma and one of the Promoter Group Entities, M/s. RGVY Enterprises (partnership firm of Mr. Ritesh Sharma and Ms. Sonia Sharma). In any event, the arrangements entered into are not on commercially acceptable/favourable terms for our Company or there is a disruption of our rights since there being the Interest of our promoters directly or indirectly or termination of the agreements with our promoters or promoter group entity, our Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.
- The company is dependent on the performance of industries viz. Paint and Coating, Constructions and Infrastructure and metal which totally contributed 88.79%, %, 88.47 and 70.33% of its revenue from operations in fiscals 2025, 2024 and 2023 respectively in which the company's customers operate and fluctuations in the performance of such industries may result in a loss of such customers, a decrease in the volume of work the company undertakes or the price at which the company offer its services.
- Our existing registered office and manufacturing unit are concentrated in a single region i.e., Sonepat in the state of Haryana and therefore, any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around Haryana and the inability to operate and grow our business in this particular region may have an adverse effect on our business, financial condition, results of operations, cash flows and future business prospects.
- Our Order Book may not be representative of our future results. Orders included in our Book may be delayed, cancelled or not fully paid for by our customers, which could materially harm our cash flow position, revenues and earnings.
- In the past and in the current scenario, our Company sources the raw materials from domestic market and majority of the domestic purchases are from Haryana, Uttar Pradesh and Delhi and very less purchases are from international market i.e. China. Any adverse developments affecting our procurement from this state or such geographical concentration in the domestic purchases, could have an adverse impact on our revenue and results of operations.
Objectives Tipco Engineering India IPO
1. Repayment/prepayment of all or certain of our borrowings availed of by our Company
2. Funding Working Capital Requirement of our Company
3. General corporate purposes
Company Contact Details
Tipco Engineering India Ltd.
P.No. 1658, Phase I, Sector 38,
Industrial Estate Rai Distt., Sonepat, P.S.Rai,
Sonipat, Haryana, 131029
Phone: +91 9996635489
Email: investors@tipcoengineering.com
Website: https://tipcoengineering.com/
Registrar Contact Details
Tipco Engineering India FAQs
The Tipco Engineering India IPO is a SME public issue comprising 6803200 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹60.55 Cr. The issue price has been fixed at ₹89 per equity share, and the minimum application size is 1600 shares.
The IPO opens for subscription on 23 Mar 2026, and closes on 25 Mar 2026.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).
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