Tipco Engineering India Limited is engaged in the manufacturing and supply of industrial machinery used across multiple industries such as paint & coatings, chemicals, printing & packaging, metal, construction, and infrastructure.
The company manufactures a wide range of specialized industrial machines, including Bead Mills (Batch Type, Lab, Horizontal, Vertical, Pin-Type, Disc Type, Dyno Mill), Dispersers (High-Speed, Twin-Shaft, Triple-Shaft, Vacuum, Platform, Fixed Type), and Homogenizers (In-Line, In-Tank, High Shear). In addition, it also produces equipment such as Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machines.
Its product portfolio is broadly divided into three key categories:
- Mill Series – Machines used for grinding and milling operations.
- Disperser Series – Equipment used for mixing and dispersing chemical components uniformly.
- Homogenizer Series – Machines used to blend or break down particles to achieve uniform texture and consistency.
The company operates two manufacturing units located at Rai Industrial Estate, Sonipat, Haryana, each spanning approximately 1,012.50 sq. meters. These facilities are equipped with advanced manufacturing infrastructure including CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems.
Tipco Engineering maintains strong quality standards and holds ISO 9001:2015 (Quality Management System) and ISO 45001:2018 (Occupational Health & Safety Management) certifications.
Apart from manufacturing, the company also undertakes turnkey industrial projects, including the setup of water-based and solvent-based ink manufacturing plants, construction chemical and adhesive production lines, and agro-chemical plants.
Additionally, the company provides end-to-end services such as construction, erection and dismantling work, installation, and commissioning of industrial machinery.
As of December 31, 2025, the company had 96 permanent employees.
Tipco Engineering India IPO – Details
| IPO Opening Date | 23 March 2026 |
| IPO Closing Date | 25 March 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 68,03,200 Shares Worth ₹[] Crore Fresh Issue: 54,48,000 Shares Worth ₹[] Crore Offer For Sale: 13,55,200 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt Ltd |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Tipco Engineering India IPO – Date Schedule
| IPO Open Date | 23 March 2026 |
| IPO Close Date | 25 March 2026 |
| Basis of Allotment | 27 March 2026 |
| Initiation of Refund | 30 March 2026 |
| Credit of Shares to Demat | 30 March 2026 |
| IPO Listing Date | 01 April 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 25, 2026 |
Tipco Engineering India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Wide Range of Products.
- Repeat orders from Customers.
- Experienced Promoter and management team with proven execution capabilities.
- Manufacturing setup under one roof.
- Strong order book of Rs 1,448.52 Lakhs (As on September 15, 2025).
Company Promoters
- Mr. Ritesh Sharma
- s. Sonia Sharma
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹35.98 Cr | ₹32.89 Cr | ₹2.56 Cr | ₹8.42 Cr |
| 31 March 2024 | ₹101.36 Cr | ₹91.15 Cr | ₹8.45 Cr | ₹25.68 Cr |
| 31 March 2025 | ₹133.37 Cr | ₹114.56 Cr | ₹15.61 Cr | ₹37.23 Cr |
| 31 December 2025 | ₹86.25 Cr | ₹69.52 Cr | ₹13.19 Cr | ₹37.52 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 33.12% |
| ROCE | 24.76% |
| Debt/Equity | 0.81 |
| RoNW | 28.41% |
| PAT Margin | 15.35% |
| EBITDA Margin | 24.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Repayment/prepayment of all or certain of our borrowings availed of by the Company. | ₹30.00 |
| Funding the Working Capital Requirement of the Company. | ₹8.16 |
| General corporate purposes. | – |
✅Strengths
- Diversified industrial machinery portfolio.
- Serves multiple industries (paint, chemicals, packaging, construction).
- Provides turnkey plant setup and engineering services.
- Advanced manufacturing facilities in Sonipat.
- ISO 9001:2015 & ISO 45001:2018 certified.
⚠️Risks
- Demand depends on industrial capex cycle.
- Revenue concentration from limited customers.
- Both manufacturing units are located in one region (Sonipat).
- High competition in industrial machinery segment.
- Dependence on skilled technical workforce.
Tipco Engineering India IPO Promoter Holding
| Pre-Issue Share Holding | 87.19% |
| Post Issue Share Holding | – |
Tipco Engineering India IPO Prospectus
Company Contact Information
| Tipco Engineering India Ltd. P.No. 1658, Phase I, Sector 38, Industrial Estate Rai Distt., Sonepat, P.S.Rai, Sonipat, Haryana, 131029 Phone: +91 9996635489 Email: investors@tipcoengineering.com Website: https://tipcoengineering.com/ |
Tipco Engineering India IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: +91-11-45121795-96 Email: Investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Tipco Engineering India IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Pvt. Ltd. |
Tipco Engineering India IPO FAQ
| What is the Tipco Engineering India IPO? Tipco Engineering India IPO is an SME IPO. The issue is priced at ₹[] – ₹[] per equity share. The IPO is to be listed on BSE SME. |
| When will Tipco Engineering India IPO open? The IPO is to open on 23 March 2026 for QIB, NII, and Retail Investors. |
| What is Tipco Engineering India IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Tipco Engineering India IPO Size? Tipco Engineering India IPO size is ₹[] Crore. |
| What are the Tipco Engineering India IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is [] Shares for ₹[], while the maximum bid is [] Shares for ₹[]. |
| What is the Tipco Engineering India IPO Allotment Date? Tipco Engineering India IPO allotment date is 27 March 2026. |
| What is the Tipco Engineering India IPO Listing Date? Tipco Engineering India IPO listing date is 01 April 2026. The IPO is to be listed on the BSE SME. |
