What I Like About Tipco Engineering IPO:
- Hyper-Growth Momentum: The company has shown incredible scalability, with revenue growing at a 92.38% CAGR between FY23 and FY25. This suggests they are capturing market share rapidly in the industrial machinery space.
- Operating Leverage: Profitability grows much faster than revenue. Tipco’s EBITDA margins jumped from 9.66% to 17.91% in just two years.
- Strong Returns: An RoE of 68.26% is very good, making it a very attractive prospect for growth-oriented investors looking for high-velocity returns on equity.
- Backlog Visibility: The company has a INR 76.41 crore order book, which gives a revenue visibility for the several quarters.
Tipco Engineering IPO Risks:
- Vertical Dependency: The company is heavily reliant on the Paint and Coatings industry, which accounts for 62.18% of its revenue. Any cyclical downturn would directly impact order pipeline.
- Working Capital Pressure: The industrial manufacturing business is capital-intensive. Sustaining a 90%+ growth rate will require massive amounts of working capital, which could lead to increased debt or cash flow constraints if not managed perfectly.
Verdict: Tipco Engineering is a “High-Growth Momentum Play”—perfect for aggressive investors attracted to rapid scaling and margin expansion, provided they are comfortable with the risks of sector concentration and SME-scale volatility.
Tipco Engineering IPO Description
Established in 2021, Tipco Engineering India is a fast-growing industrial machinery manufacturer specializing in advanced milling, dispersion, and homogenization technologies. The company’s product portfolio covers a comprehensive range of industrial equipment, including bead mills (batch, lab, horizontal, vertical, ceramic, tungsten carbide pin-type, disc-type, dyno-type), dispersers (high-speed, twin-shaft, triple-shaft, vacuum, platform type), homogenizers (in-tank and in-line), liquid-powder mixing machines, pug mills, attritor mills, basket mills, and sigma mixers.
The company has two manufacturing facilities located in Sonepat, Haryana, the company conducts the majority of its fabrication and assembly activities in-house with a skilled technical workforce and engineers. As of 31 December 2025, the company have employed 96 personnel.
Promoters of Tipco Engineering India – Mr. Ritesh Sharma and Ms. Sonia Sharma
Tipco Engineering IPO Details
| Tipco Engineering IPO Dates | 23 – 25 March 2026 |
| Tipco Engineering Issue Price | Coming soon |
| Fresh Issue | 54,48,000 shares |
| Offer For Sale | 13,55,200 shares |
| Total IPO Size | 68,03,200 shares |
| Minimum Bid | Coming soon |
| Lot Size | Coming soon |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Tipco Engineering Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 | |
| Revenue | 35.97 | 101.23 | 133.14 | 85.90 |
| Expenses | 32.89 | 91.15 | 114.56 | 69.52 |
| Net income | 2.56 | 8.45 | 15.61 | 13.19 |
Tipco Engineering Offer News
Tipco Engineering Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 2.86 | 8.61 | 10.88 |
| PE ratio | – | – | – |
| RONW (%) | 99.75 | 67.49 | 46.98 |
| NAV | 2.87 | 8.88 | 21.69 |
| ROCE (%) | 30.83 | 30.74 | 33.27 |
| EBITDA (%) | 9.66 | 12.00 | 17.91 |
| Debt/Equity | 3.28 | 2.05 | 1.12 |
Tipco Engineering IPO GMP Today
Tipco Engineering IPO Allotment Status
Tipco Engineering IPO allotment status will be available on the Maashitla Securities website. Click on this link to get the allotment status.
Tipco Engineering IPO Dates & Listing Performance
| IPO Opening Date | 23 March 2026 |
| IPO Closing Date | 25 March 2026 |
| Finalization of Basis of Allotment | 27 March 2026 |
| Initiation of refunds | 30 March 2026 |
| Transfer of shares to demat accounts | 30 March 2026 |
| IPO Listing Date | 1 April 2026 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Tipco Engineering Offer Lead Manager
SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED
B/908, Western Edge II, Kanakia Space,
Behind Metro Mall, Off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066
Phone: 022 – 28706822
Email: [email protected]
Website: www.shcapl.com
Tipco Engineering Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi-110034
Tel: 011-47581432
E-mail: [email protected]
Website: www.maashitla.com
TIPCO ENGINEERING INDIA LIMITED
P.No. 1658, Phase I, Sector 38, Industrial
Estate Rai Distt., Sonepat, P.S.Rai,
Sonipat, Haryana, 131029
Phone: 91 9996635489
E-mail: [email protected]
Website: www.tipcoengineering.com
IPO FAQs
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Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
