Tipco Engineering India Ltd

The scrip listed at Rs 89.25, a 0.28% premium to the issue price. The stock is currently hovering near its listing price. The stock touched a high of Rs 90 and a low of Rs 84.81, with around 10.46 lakh shares changing hands on the counter. Tipco Engineering India's IPO was subscribed 1.56 times. The issue opened for bidding on 23 March 2026 and it closed on 25 March 2026. The price band of the IPO was fixed between Rs 84 to 89 per share. The IPO comprised a fresh issue of 54,48,000 shares and an offer for sale (OFS) of 13,55,200 shares by existing shareholders. The company intends to utilize the net proceeds for repayment of all or certain of borrowings availed of by company, working capital Requirement of the company and for general corporate purposes. Ahead of the IPO, Tipco Engineering India on 20 March 2025, raised Rs 15.30 crore from anchor investors. The board allotted 17.20 lakh shares at Rs 89 per share to 4 anchor investors. Tipco Engineering is a manufacturer and supplier of industrial machinery catering to sectors such as paints, chemicals, packaging, metals, and infrastructure. The company produces a wide range of equipment, including bead mills, dispersers, homogenisers, and other mixing and grinding machines, organized across mill, disperser, and homogeniser product series. It operates two manufacturing units in Sonipat, Haryana, equipped with advanced machinery and quality testing facilities to ensure precision, durability, and adherence to industrial standards. As on 31 December 2025, the company had 96 permanent employees. The company recorded revenue from operations of Rs 85.90 crore and net profit of Rs 13.18 crore for the period ended 31 December 2025.