Tipco Engineering IPO GMP today is Rs 0.25. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
TIPCOENGINEERING
Tipco Engineering IPO GMP, Subscription & Allotment Status Today
Tipco Engineering IPO is an SME public issue of a company engaged in the manufacturing of industrial machinery used in sectors like chemicals, paints, construction, and packaging. The company also undertakes turnkey projects for industrial plants, positioning itself in the growing engineering and manufacturing segment. The IPO opened on 23 March 2026 and closed on 25 March 2026, with a price band of ₹84–₹89 per share and an issue size of around ₹60–61 crore. The company plans to utilize the funds mainly for debt repayment and working capital requirements. With strong revenue growth and increasing demand for industrial equipment, the company shows potential, though current grey market sentiment remains neutral, indicating cautious listing expectations.
- Price Band
- ₹84.00 - ₹89.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 25 Mar 2026
- Listing Date
- 01 Apr 2026
Current GMP Status
₹0.25
+0.28% vs upper band
Est. Listing Gain
+0.28%
Last Trend
26 Mar 2026
Listing Price
₹89.25
Retail Entry
₹2,84,800
IPO Details
Complete IPO information
| Current GMP | ₹0.25 |
|---|---|
| Estimated Listing Gain | +0.28% |
| Price Band | ₹84.00 - ₹89.00 |
| Issue Price | Approx ₹89.00 Crores |
| Listing Price | ₹89.25 |
| Lot Size | 1,600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 1.7x |
| Listing Date | 01 Apr 2026 |
| Minimum Investment | ₹2,84,800 |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Tipco Engineering is priced at ₹89 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,84,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Tipco Engineering stands at ₹0.25, implying an estimated listing gain of around 0.28% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Tipco Engineering's IPO was subscribed 1.7x overall, with a category-wise breakdown of Retail 0.66x, QIB 3.2x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
23 Mar 2026
✓
Bidding Closes
25 Mar 2026
✓
Allotment
TBA
✓
Listing
01 Apr 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 26 Mar 2026 | ₹0.00 | - | 0.00% |
| 25 Mar 2026 | ₹0.00 | - | 0.00% |
| 24 Mar 2026 | ₹0.00 | - | 0.00% |
| 23 Mar 2026 | ₹0.00 | - | 0.00% |
| 18 Mar 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,84,800 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,84,800 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹4,27,200 |
| S-HNI Maximum | 7 Lot | 11,200 | ₹9,96,800 |
| B-HNI Minimum | 8 Lot | 12,800 | ₹11,39,200 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Tipco Engineering IPO Details
| IPO Open Date | March 23, 2026 |
|---|---|
| IPO Close Date | March 25, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹84 to ₹89 Per Share |
| Issue Size | Approx ₹61 Crores |
| Fresh Issue | Approx ₹48.49 Crores |
| Offer for Sale | Approx 13,55,200 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
Analysis
Tipco Engineering IPO Reservation
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 17,20,000 | 25.28% |
| QIB (Ex. Anchor) | 11,56,800 | 17.00% |
| NII | 8,73,600 | 12.84% |
| Retail | 20,32,000 | 29.87% |
Analysis
Tipco Engineering IPO Anchor Investors
| Anchor Bidding Date | March 20, 2026 |
|---|---|
| Shares Offered | 17,20,000 Shares |
| Anchor Size | ₹ — Cr. |
| Lock-in Period (50% Shares - 30 Days) | 2026 |
| Lock-in Period (50% Shares - 90 Days) | 2026 |
Analysis
Tipco Engineering IPO Dates
| IPO Open Date | March 23, 2026 |
|---|---|
| IPO Close Date | March 25, 2026 |
| Basis of Allotment | March 27, 2026 |
| Refunds | March 30, 2026 |
| Credit to Demat Account | March 30, 2026 |
| IPO Listing Date | April 1, 2026 |
| Bidding Cut-off Time | March 25, 2026 – 5 PM |
Analysis
Tipco Engineering IPO Promoters & Holding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,53,19,584 | 87.19% |
| Promoter Holding Post Issue | 2,07,67,584 | - |
| Promoters |
|---|
| Mr. Ritesh Sharma & Ms. Sonia Sharma |
Analysis
Tipco Engineering IPO – Objects of the Issue
| Purpose | Amount (₹ Cr.) |
|---|---|
| Repayment / Prepayment of Borrowings | 30.00 |
| Funding Working Capital Requirements | 8.16 |
| General Corporate Purpose | — |
Analysis
About Tipco Engineering IPO
Set up in September, 2021, Tipco Engineering has been operating in the manufacturing of industrial machinery for various sectors like paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The firm manufactures mainly 3 categories of industrial machinery, which include Mill Series, used for grinding and milling purposes, Disperser Series, used for mixing and dispersing chemical components, and Homogenizer Series, used to blend or break down particles.
The firm operates its 2 manufacturing units situated in Haryana, spanning 1,012.50 sq. meters. Its facility includes advanced CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems. Apart from manufacturing, Tipco Engineering also handles turn-key projects for ink, construction chemical, and agro-chemical manufacturing plants.
Analysis
Tipco Engineering IPO Company Financial Report
| Period Ended | Revenue (₹ Cr.) | Expense (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| 2023 | 35.98 | 32.89 | 2.56 | 28.04 |
| 2024 | 101.36 | 91.15 | 8.45 | 65.72 |
| 2025 | 133.37 | 114.56 | 15.61 | 100.96 |
| Dec 2025 | 86.25 | 69.52 | 13.19 | 114.55 |
Analysis
Tipco Engineering IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 68.26% |
| ROCE | 33.27% |
| EBITDA Margin | 17.91% |
| PAT Margin | 11.72% |
| Debt to Equity | 1.12 |
| EPS (Basic) | ₹10.88 |
| P/E Ratio | N/A |
| RoNW | 46.98% |
| NAV | ₹21.69 |
Analysis
Peer Group Comparison
- There are no listed companies in India.
Analysis
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Pvt. Ltd.
FAQ
Tipco Engineering IPO FAQs
Tipco Engineering IPO price band is Rs 84.00 to Rs 89.00. Check the latest issue price, lot size and GMP together before applying.
Tipco Engineering IPO open date is 23 Mar 2026, close date is 25 Mar 2026, and listing date is 01 Apr 2026.
Tipco Engineering IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,84,800.
Tipco Engineering is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Tipco Engineering IPO subscription status currently shows Retail 0.66x, QIB 3.2x, Overall 1.7x.
Tipco Engineering IPO is an SME public issue of a company engaged in the manufacturing of industrial machinery used in sectors like chemicals, paints, construction, and packaging. The company also undertakes turnkey projects for industrial plants, positioning itself in the growing engineering and manufacturing segment. The IPO opened on 23 March 2026 and closed on 25 March 2026, with a price band of ₹84–₹89 per share and an issue size of around ₹60–61 crore. The company plans to utilize the funds mainly for debt repayment and working capital requirements. With strong revenue growth and increasing demand for industrial equipment, the company shows potential, though current grey market sentiment remains neutral, indicating cautious listing expectations.
Community discussion
Comments
Share a useful question or insight about Tipco Engineering.
Leave a comment
Your email address will not be published. All comments and replies are reviewed before appearing.
Keep Exploring
Similar Recent IPOs
SME
Himalayan Solar
Price Band₹98.00 - ₹103.00
Current GMP₹0
Lot Size1,200 Shares
SME
Bench Mark Infotech Services
Price Band₹104.00 - ₹110.00
Current GMP₹12 · +10.9%
Lot Size1,200 Shares
SME
Liqvd Digital
Price Band₹51.00 - ₹54.00
Current GMP₹0
Lot Size2,000 Shares
SME
Sai Urja Indo Ventures
Price Band₹107.00 - ₹113.00
Current GMP₹0
Lot Size1,200 Shares
Loading comments...