| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹60.55 Cr |
| Reserved for Market Maker | ₹9.09 Cr |
| Net Issue Size | ₹60.55 Cr |
| Fresh Issue | ₹39.40 Cr |
| Offer for Sale | ₹12.06 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน84.00-89.00 per share |
| BSE Code | 544740 |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,200 shares ยท Multiples of 1,600 shares
Tipco Engineering is engaged in the manufacturing and supply of industrial machinery used in various industries such as paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure.
Products: The company manufactures a wide range of machines including Bead Mills (Batch Type, Lab, Horizontal, Vertical, Pin-Type, Disc Type, Dyno Mill, etc.), Dispersers (High-Speed, Twin-Shaft, Triple-Shaft, Vacuum, Platform, and Fixed Type), and Homogenizers (In-Line, In-Tank, High Shear), and other equipment such as Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machine.
The company offer machinery under three categories:
Manufacturing Facilities: The company operates two units located at Rai Industrial Estate, Sonipat, Haryana, each covering about 1,012.50 sq. meters. The facilities are equipped with advanced CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems.
Besides manufacturing, it also undertake turnkey projects for Water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agro-chemical plant setups.
Competitive strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of all or certain of our borrowings availed of by our Company | 30.00 |
| 2 | Funding Working Capital Requirement of the Company | 7.66 |
| 3 | General corporate purposes | 4.65 |
| 4 | Issue Expenses | 7.72 |
| Total | 50.02 |
| 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 | ||||
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 33.12% | 68.26% |
| ROCE | 24.76% | 33.27% |
| Debt / Equity | 0.81% | 1.12% |
| RoNW | 28.41% | 46.98% |
| PAT Margin | 15.35% | 11.72% |
| EBITDA Margin | 24.32% | 17.91% |
| Price to Book Value | 4.10 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 10.19 | 8.47 |
| P/E (x) | 8.73 | 10.51 |
| Promoter Holding | 87.19% | 57.79% |
| Market Cap | โน184.83 Cr. | |