Minimum Investment
About Company
Company Name: Tipco Engineering India Limited
Industry / Sector: Industrial Machinery / Paint & Coating Machinery Manufacturing
Founded Year: 2021
Promoters: Mr. Ritesh Sharma, Mrs. Sonia Sharma
Tipco Engineering India Limited is engaged in the manufacturing and supplying of industrial machinery primarily for the paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure industries. Its product range includes Bead Mills (Batch Type, Lab, Horizontal, Vertical, Pin-Type, Disc Type, Dyno Mill), Dispersers (High-Speed, Twin-Shaft, Triple-Shaft, Vacuum, Platform, Fixed Type), Homogenizers (In-Line, In-Tank, High Shear), Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machines. The company also undertakes turnkey projects for water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agro-chemical plant setups. It provides services such as construction, erection, dismantling, installation, and commissioning. The company operates two manufacturing units at Rai Industrial Estate, Sonipat, Haryana, equipped with CNC machines, laser cutting, welding, polishing, and quality testing systems. It holds ISO 9001:2015 and ISO 45001:2018 certifications. As of December 31, 2025, it had 96 permanent employees.
IPO Basic Details
| Company Name | Tipco Engineering India Limited |
| IPO Type | SME IPO |
| Price Band | ₹84 – ₹89 |
| Lot Size | 1600 |
| Total Issue Size | ₹60.55 Cr (68,03,200 shares) |
IPO Strengths & Risks
Strengths
- Wide range of products for multiple industries
- Repeat orders from existing customers
- Experienced promoters and management with proven execution capabilities
- Manufacturing setup under one roof with modern machinery
- Strong order book of ₹1,448.52 Lakhs (as on September 15, 2025)
Risks
- Sustainability of recent profit boost is a concern
- Aggressively priced based on recent financial performance
- Small post-IPO equity base may lead to longer gestation for mainboard migration
IPO Important Dates
| IPO Open Date | 23 Mar 2026 |
| IPO Close Date | 25 Mar 2026 |
| Basis of Allotment | 27 Mar 2026 |
| Refund Initiation | 30 Mar 2026 |
| Demat Credit Date | 30 Mar 2026 |
| Listing Date | 01 Apr 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance amount
Investor Reservation
| QIB Quota | 42.29% (incl. Anchor 25.28%) |
| Retail Quota | 29.87% |
| HNI Quota | 12.84% |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 lots | 3200 | ₹2,84,800 |
| Retail Maximum | 2 lots | 3200 | ₹2,84,800 |
| S-HNI Minimum | 3 lots | 4800 | ₹4,27,200 |
| S-HNI Maximum | - | - | - |
| B-HNI Minimum | 8 lots | 12800 | ₹11,39,200 |
Key Performance Indicators (KPI)
| ROE | 33.12% (Dec 31, 2025) / 68.26% (Mar 31, 2025) |
| ROCE | 24.76% (Dec 31, 2025) / 33.27% (Mar 31, 2025) |
| RoNW | 28.41% (Dec 31, 2025) / 46.98% (Mar 31, 2025) |
| PAT Margin | 15.35% (Dec 31, 2025) / 11.72% (Mar 31, 2025) |
| EBITDA Margin | 24.32% (Dec 31, 2025) / 17.91% (Mar 31, 2025) |
| EPS | ₹10.19 (pre-IPO) |
| NAV per share | - |
| Debt to Equity | - |
| P/E Ratio | 8.73x (pre-IPO) / 10.51x (post-IPO) |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| 31 Mar 2023 | ₹28.04 Cr | ₹35.98 Cr | ₹2.56 Cr | ₹3.47 Cr | ₹2.57 Cr | ₹8.42 Cr |
| 31 Mar 2024 | ₹65.72 Cr | ₹101.36 Cr | ₹8.45 Cr | ₹12.14 Cr | ₹12.51 Cr | ₹25.68 Cr |
| 31 Mar 2025 | ₹100.96 Cr | ₹133.37 Cr | ₹15.61 Cr | ₹23.85 Cr | ₹33.23 Cr | ₹37.23 Cr |
| 31 Dec 2025 | ₹114.55 Cr | ₹86.25 Cr | ₹13.19 Cr | ₹20.89 Cr | ₹46.41 Cr | ₹37.52 Cr |
Grey Market Premium
| GMP Price | Flat / muted (as per latest reports) |
| Kostak Rate | N/A |
| Subject to Sauda | N/A |
| Last Updated | Mar 2026 |
| Estimated Listing Price | ₹89 – ₹95 (flat to mild premium expected) |
IPO Subscription Data
| Total Subscription | 1.70x (final on 25 Mar 2026, 6:54:34 PM) |
| QIB (Ex Anchor) | 3.20x |
| HNI Subscription | 2.12x |
| Retail Subscription | 0.66x |
| Anchor | - |
IPO Intermediaries
Registrar: Maashitla Securities Private Limited
Registrar Website: https://maashitla.com
IPO Lead Manager(s)
Company Information
Address: P.No. 1658, Phase I, Sector 38, Industrial Estate Rai Distt., Sonepat, P.S.Rai, Sonipat, Haryana, 131029
Website: https://tipcoengineering.com/
Email: investors@tipcoengineering.com
Phone: +91 9996635489
IPO Documents
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