Tipco Engineering SME IPO Update: Status, GMP, and Key Details After Third Trading Day

Tipco Engineering IPO Update

Key Details

• ₹60.55 crore: Total size of the initial public offering (IPO)
• ₹48.49 crore: Fresh share sale of 0.54 crore shares
• ₹12.06 crore: Offer for sale (OFS) of 0.14 crore shares
• ₹84-₹89: IPO price band per share
• 1600 shares: Minimum lot size for investment
• ₹2,84,800: Minimum amount of investment required by a retail investor

Subscription Details

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As of 12:42 pm on March 25, the Tipco Engineering IPO received bids for 50,09,600 shares against the offered 50,83,200 shares, resulting in an overall subscription of 99%. The qualified institutional buyers (QIBs) segment was booked 3.20 times, while the non-institutional investors (NII) quota was 54% and the retail portion was 14%.

Grey Market Premium (GMP)

The grey market premium for Tipco Engineering IPO remained nil, indicating that shares of Tipco Engineering are trading at par with the offer price. If this trend continues, the shares could list on a flat note on the BSE SME on April 1.

Company Overview

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Tipco Engineering is a manufacturer and supplier of a comprehensive range of plants and machinery, primarily across three series: Mill Series, Disperser Series, and Homogeniser Series. For the fiscal year 2025, its revenue from operations was ₹133.13 crore, a significant increase from ₹101.22 crore in fiscal year 2024 and ₹35.97 crore in fiscal year 2023, with a compound annual growth rate (CAGR) of 92.38%.

IPO Details

• Book-running lead manager: Smart Horizon Capital Advisors
• Registrar for the offer: Maashitla Securities
• Listing date: April 1