Tipco Engineering IPO was worth ₹60.55 crore through the book-building route. The issue comprises a fresh issue of 0.54 crore shares valued at ₹48.49 crore and an offer for sale (OFS) of 0.14 crore shares aggregating to ₹12.06 crore.
The IPO opened for subscription on March 23, 2026, and will close today on March 25, 2026. The allotment of shares is expected to be finalised on March 27, 2026. The company’s shares are scheduled to be listed on the BSE SME platform, with a tentative listing date of April 1, 2026.
The price band for the IPO has been fixed at ₹84 to ₹89 per share, and investors need to apply for a minimum lot size of 1,600 shares.
Tipco Engineering Limited IPO was subscribed 0.40 times overall as of March 25, 2026, at 11:19:36 AM (Day 3). The retail individual investor segment saw a subscription of 0.08 times, while the QIB (excluding anchor investors) portion was subscribed 1.26 times. Meanwhile, the NII category recorded a subscription of 0.01 times.
The ₹60.55 crore IPO of Tipco Engineering Limited is a book-built issue consisting of both a fresh share issuance and an offer for sale. The company plans to raise ₹48.49 crore through the fresh issue of 0.54 crore shares, while existing shareholders will sell 0.14 crore shares worth ₹12.06 crore via the OFS component.
The public issue opened for bidding on March 23, 2026, and will remain available for subscription until March 25, 2026. The share allotment is expected to be completed on March 27, 2026, with the company likely to debut on the BSE SME on April 1, 2026.
The IPO price band has been set at ₹84–₹89 per share, and the minimum application size for investors is 1,600 shares per lot.
As of 11:19:36 AM on March 25, 2026 (Day 3), the IPO of Tipco Engineering Limited was subscribed 0.40 times in total. The retail investor segment received bids for 0.08 times the shares offered, whereas the QIB category (excluding anchors) was subscribed 1.26 times. The NII segment saw minimal interest with a subscription of 0.01 times.
The table below breaks down the Tipco Engineering share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 10,20,800 (15.00%) |
| QIB Shares Offered | 28,76,800 (42.29%) |
| − Anchor Investor Shares Offered | 17,20,000 (25.28%) |
| − QIB (Ex. Anchor) Shares Offered | 11,56,800 (17.00%) |
| NII (HNI) Shares Offered | 8,73,600 (12.84%) |
| − bNII > ₹10L | 5,82,400 (8.56%) |
| − sNII < ₹10L | 2,91,200 (4.28%) |
| Retail Shares Offered | 20,32,000 (29.87%) |
| Total Shares Offered | 68,03,200 (100.00%) |
| Category | Subscription (times) |
| Qualified Institutional Buyers | 1.26 |
| Non-Institutional Investors | 0.01 |
| Retail Investors | 0.09 |
| Total shares | 0.40 |
Note: The subscription details are as of March 25, 2026
Founded in September 2021, Tipco Engineering Limited is involved in the manufacturing and supply of industrial machinery used across sectors such as paints and coatings, chemicals, printing and packaging, metals, construction, and infrastructure.
The company produces a diverse range of equipment, including bead mills in various configurations such as batch type, lab, horizontal, vertical, pin-type, disc type, and dyno mills. It also manufactures dispersers such as high-speed, twin-shaft, triple-shaft, vacuum, platform, and fixed-type dispersers, along with homogenizers like in-line, in-tank, and high-shear variants. In addition, the product portfolio includes machines such as attritor mills, basket mills, sigma mixers, and liquid powder mixing machines.
Tipco Engineering categorises its machinery into three main segments. The mill series is designed for grinding and milling applications, the disperser series is used to mix and uniformly disperse chemical components, and the homogenizer series is used to blend or break down particles to achieve a consistent texture.
The company operates two manufacturing units at Rai Industrial Estate in Sonipat, Haryana, each spanning approximately 1,012.50 square meters. These facilities are equipped with advanced CNC machinery, laser cutting systems, welding equipment, polishing tools, and quality testing infrastructure.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 25, 2026, 11:36 AM IST
Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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