Tipco Engineering India SME IPO
Tipco Engineering India IPO — date, price band, GMP & allotment 2026
Tipco Engineering India SME IPO is expected to open for subscription soon and will be listed on the BSE SME platform. The company was incorporated in 2021 and operates in the capital goods sector. It manufactures industrial process plants and machinery used in industries such as chemicals, paints, inks, pharmaceuticals and food processing. The company follows a B2B business model supplying mixing, dispersing and homogenizing equipment, with its main manufacturing operations located in Sonipat, Haryana.
Stock price
Tipco Engineering India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 23 Mar 2026
- Close 25 Mar 2026
- Allotment 27 Mar 2026
- Refund/credit 30 Mar 2026
- Listing 01 Apr 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Mar, 2026 |
|---|---|
| Price Band | ₹84 – ₹89 |
| Face Value | ₹10 |
| Lot Size | 1600 Shares |
| Issue Size | ₹60.55 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,84,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1600 shares at the ₹89 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 3,200 | ₹2,84,800 |
| Retail (max) | 2 | 3,200 | ₹2,84,800 |
| HNI (min) | 3 | 4,800 | ₹4,27,200 |
Three years of numbers
All figures in ₹ crore, as reported in the Tipco Engineering India offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Tipco Engineering India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Tipco Engineering India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹8.47 |
| P/E Ratio (x) | 10.51 |
| Market Cap at Offer Price (₹ Cr) | ₹138.60 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹89 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹38.16 Cr of the issue is earmarked to named objects.
About the company
The company offers a range of services including structural fabrication, piping work, and turnkey project execution. Its business model is largely project-based, where it undertakes contracts from government bodies as well as private sector clients. Tipco Engineering focuses on timely delivery, cost efficiency, and maintaining quality standards, which helps it build long-term relationships with clients. Its growing presence across key industrial regions supports consistent business opportunities.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 9996635489
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Smart Horizon Capital Advisors
10 issues handled (2 mainboard, 8 SME)Best listing: Shankesh Jewellers (+11.1%). Weakest: Om Freight Forwarders (-39.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Tipco Engineering India?
The current Grey Market Premium is ₹0.
What is the Tipco Engineering India IPO price band?
₹84 to ₹89, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 March 2026, with listing on 1 April 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
