The offering comprises a mix of fresh issue of Rs 48.49 crore and an offer for sale of Rs 12.06 crore. The company has already raised about Rs 15.31 crore from anchor investors ahead of the issue opening. The flat GMP suggests that investors are likely to focus more on fundamentals and subscription demand rather than near-term listing upside.
Retail investors can bid for a minimum of 3,200 shares, translating into an investment of Rs 2.84 lakh at the upper price band. The issue allocation includes 42.29% for QIBs, 12.84% for NIIs and 29.87% for retail investors, along with a 15% market maker portion.
Tipco Engineering operates in the industrial machinery segment, manufacturing equipment used across industries such as paints and coatings, chemicals, printing, packaging, construction and infrastructure.
The company’s product portfolio includes bead mills, dispersers, homogenizers and other specialised equipment used for mixing, grinding and processing applications. It also undertakes turnkey projects for industrial plants, including ink manufacturing, adhesives and agro-chemical facilities.
Tipco runs two manufacturing units in Sonipat, Haryana, equipped with CNC machines and other fabrication infrastructure. The company is certified under ISO 9001:2015 and ISO 45001:2018 standards.
Financially, the company has shown steady growth. For FY25, it reported revenue of Rs 133.37 crore and profit after tax of Rs 15.61 crore.The IPO proceeds will be used primarily for debt repayment, working capital requirements and general corporate purposes.