Tipco Engineering India IPO- Company Analysis
Initially, each share is priced at `60.55. Tipco Engineering is an SME IPO company building industrial machines and working with the infrastructure, mining, paint & coatings, chemicals, printing & packaging, metals, and construction industries.
The company provides the following equipment:
- 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)
- Homogenizers (In-Line, In-Tank, High Shear)
- Attritor Mill
- Basket Mill
- Sigma Mixer
- Liquid Powder Mixing Machine
The company divides its machines into 3 categories:
- Mill Series - milling and grinding machines.
- Disperser Series - equipment to mix and distribute chemicals evenly.
- Homogeniser Series - machines to blend, break or reduce particles to a uniform composition.
The company has ISO 45001:2018 and ISO 9001:2015 certifications.
Tipco Engineering India IPO Details
Tipco Engineering India IPO is opening on March 23 2026, and will close on March 25. March 27 will be the date of IPO Allotment and March 30 is when refunds will be initiated.
Tipco Engineering India IPO is bringing an estimated Rs. 60.55 crores, with 0.54 crore shares being issued as fresh stocks, with 48.49 crores, and 0.14 crore shares being offered for 12.06 crores.
The expected date for the listing of Tipco Engineering India IPO on BSE is April 1 2026.
Tipco Engineering India IPO has set the price band of Rs. 84 to Rs. 89.
IPO Timetable (Tentative)
| Events | Date |
| IPO Opening Date | Mar 23, 2026 |
| IPO Closing Date | Mar 25, 2026 |
| IPO Allotment Date | Mar 27, 2026 |
| Refund Initiation | Mar 30, 2026 |
| IPO Listing Date | Apr 01, 2026 |
Click to open free demat account and apply for the IPO.
Company Financials
(Amount in Cr)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 100.96 | 65.72 | 28.04 |
| Total Income | 133.37 | 101.36 | 35.98 |
| Profit After Tax | 15.61 | 8.45 | 2.56 |
| EBITDA | 23.85 | 12.14 | 3.47 |
| Net Worth | 33.23 | 12.51 | 2.57 |
| Reserves and Surplus | 33.21 | 12.50 | 2.56 |
| Total Borrowing | 37.23 | 25.68 | 8.42 |
Cash Flows
(Amount in lac)
| Net Cash Flow | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Net Cash Flow Operating Activities | 876.42 | 23.17 | (606.86) |
| Net Cash Flow Investing Activities | (3,098.97) | (405.40) | (90.36) |
| Net Cash Flow Financing Activities | 1,984.00 | 686.00 | 703.00 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
- The company intends to utilize the Net Proceeds from the Issue for the following purposes:
- Repayment/prepayment of all or some of the borrowings taken by our Company. ~ Rs. 30 Cr.
- Financing the working capital requirement of the company. ~ Rs. 7.66 Cr.
- For Other General Corporate Purposes.
Listed Peers of Tipco Engineering India Ltd.
There are no listed companies in India that are involved in a business similar to that of our Company.
Valuation
| KPI | Value |
| ROE | 68.26% |
| ROCE | 33.27% |
| Debt/Equity | 1.12 |
| RoNW | 46.98% |
| PAT Margin | 11.72% |
| EBITDA Margin | 17.91% |
| Price to Book Value | 4.10 |
Evaluation of P/E Ratio
Based on the previous year’s EPS of Rs. 10.88. The P/E ratio comes out to be 8.18x considering the period ending on FY 2025.
Explore the Central Mine Planning & Design Institute IPO.
IPO's Strengths
- Diverse Range of Offerings
- Repeat Customers
- experienced management and promoter with proven operational success
- One-stop production setup
IPO's Weaknesses
- Potential disruptions in the production due to unforeseen events at the factory
- Changes in regulatory framework
- Employee espionage
Tipco Engineering India IPO GMP (Grey Market Premium)
As of 19 Mar 2026, Tipco Engineering India IPO GMP is Rs. 0.
Tipco Engineering India IPO Summary
| IPO Opening & Closing Date | 23 Mar, 2026 to 25 Mar, 2026 |
| Face Value | Rs. 10 per Share |
| Issue Price | Rs. 84 to Rs. 89 per Share. |
| Lot Size | 1600 Shares |
| Issue Size | 68,03,200 Shares (Rs. 61 Cr) |
| Offer for Sale | 13,55,200 Shares (Rs. 12 Cr) |
| Fresh Issue | 44,27,200 Shares (Rs. 39 Cr) |
| Listing at | BSE, SME |
| Issue Type | Bookbuild issue IPO |
| Registrar | Maashitla Securities Pvt. Ltd. |
IPO Lot Details
For retail investors, they can buy between 1 Lot (1600 shares) and 2 Lots (3200 Shares) for Rs. 2,84,800, and in multiples thereof. For HNI investors, they can buy a minimum of 3 Lots (4800 Shares) for Rs. 4,27,200.
| Minimum Lot Investment (Retail) | 2 Lots |
| Maximum Lot Investment (Retail) | 2 Lots |
| HNI (Min) | 3 Lots |
Tipco Engineering India IPO Allotment Status
For Tipco Engineering India IPO Allotment Status, go to the Registrar’s website or the BSE website. Here are the links for the sites.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Tipco Engineering India Ltd.
- Mr. Ritesh Sharma
- Ms. Sonia Sharma
| Pre-Issue Promoter Shareholding | 87.19% |
| Post-Issue Promoter Shareholding | - |
IPO Lead Managers
- Smart Horizon Capital Advisors Pvt. Ltd.
Dividend Policy
The company hasn’t paid any dividends in the past 3 financial years.
Conclusion
Considering the solid revenue growth, strong margins, and reasonable valuations of about 8.18 P/E with respect to FY25 EPS, Tipco Engineering India IPO is an enticing prospect in the industrial machinery space. Though there are risks with operational disruptions and changes in the regulatory framework, long term investors are attracted to the company’s diversified product offering, repeat purchase behavior of clients, and focus on reducing debt.
Disclaimer: The information provided in this blog is for educational and informational purposes only and should not be considered as investment advice, research, or a recommendation to buy, sell, or hold any securities. Stock market investments are subject to market risks. Readers are advised to read all scheme-related documents carefully and consult their financial advisor before making any investment decisions.
To Apply for the IPO, Click Here.
To Read the Prospectus of the company, click here to download the DRHP.
