Tipco Engineering India IPO Scheduled to Open on March 23 with a Price Band of Rs 84-89 per Share

Tipco Engineering India to Launch Maiden IPO Amounting to over Rs 60 Crore

Key Highlights

• Tipco Engineering India, a Haryana-based industrial machineries manufacturer, will open its maiden public issue worth over Rs 60 crore for subscription on March 23.
• The one-day IPO anchor book will be opened on March 20, while the offer for the public will close on March 25.

IPO Details

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• The company will raise Rs 60.5 crore via an initial public offering (IPO) of 68.03 lakh shares, comprising a fresh issue of 54.48 lakh shares and an offer-for-sale of 13.55 lakh shares by promoter Ritesh Sharma.
• The price band has been fixed at Rs 84-89 per share.
• The company will utilise Rs 30 crore of proceeds from the fresh issue for repayment of certain borrowings, Rs 7.66 crore for its working capital requirement, and the balance amount for general corporate purposes.

Financial Performance

• For the nine months period ended December 2025, the company recorded a profit of Rs 13.2 crore on revenue of Rs 85.9 crore.
• In the financial year ended March 2025, the company posted a profit of Rs 15.6 crore, an increase of 84.8 percent from Rs 8.4 crore in the previous fiscal.
• Revenue during the same period surged 31.5 percent to Rs 133.1 crore, from Rs 101.2 crore.

IPO Timeline

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• March 20: One-day IPO anchor book to be opened
• March 23: Maiden public issue to open for subscription
• March 25: Offer for the public to close
• March 27: IPO share allotment to be finalised
• April 1: Shares to be available for trading on the BSE SME