Tipco Engineering India came to market through an SME IPO that opened on 23 March 2026 and closed on 25 March 2026, and the shares listed on 1 April 2026 on BSE SME. The price band was ₹84 to ₹89 per share and one lot was 1600 shares, so the minimum application was ₹1,42,400. The issue size was ₹60.55 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
Maashitla Securities Pvt.Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd was the lead manager.
As of 25 March 2026.
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Tipco Engineering, incorporated in September 2021, specializes in the manufacturing and supplying of industrial machinery to various sectors such as paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure.The company manufactures a variety of machinery such as Bead Mills (Batch Type, Lab, Horizontal, Vertical, Pin Type, Disc Type, Dyno Mill, etc.), Dispersers (High-Speed, Twin Shaft, Triple Shaft, Vacuum, Platform, and Fixed Type), and Homogenizers (In-Line, In-Tank, High Shear), etc.
Additionally, other machinery includes Attritor Mill, Basket Mill, Sigma Mixer, and Liquid Powder Mixing Machine. The company offers its machinery under the following categories: Mill Series**: This series includes machinery for grinding and milling purposes. Disperser Series**: This series includes machinery for the uniform mixing and dispersion of chemical substances. Homogenizer Series**: This series includes machinery for blending or breaking chemical substances to attain uniform texture and consistency.
The company has two units located at Rai Industrial Estate, Sonipat, Haryana, with a built-up area of approximately 1,012.50 sq. meters each. The company uses advanced technology such as CNC machines, laser cutting machines, welding machines, polishing machines, etc.The company has achieved certifications for its quality standards such as ISO 9001:2015 and ISO 45001:2018. Apart from the manufacturing, it also undertakes turnkey projects for the manufacturing of the following plants:Water-based and Solvent-based Ink Manufacturing Plants,Construction Chemical and Adhesive Plant,Agro-Chemical Plant.
The company also provides a range of services, including construction, erection, dismantling work, installation, and commissioning charges, amongst others. As of December 31, 2025, the company had 96 permanent employees.
As described in the offer document.
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Mr. Ritesh Sharma, Ms. Sonia Sharma.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Tipco Engineering India IPO was a ₹60.55 crore book-built issue, comprising a fresh issue of ₹48.49 crore and an offer for sale of ₹12.06 crore. It was priced at ₹84–₹89 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,84,800). The IPO was open from March 23 to March 25, 2026 and was subscribed 1.95x.
Shares listed on BSE SME on April 1, 2026 at ₹89.25, in line with the issue price of ₹89. Maashitla Securities Pvt. Ltd. is the registrar. Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Tipco Engineering India IPO is ₹84 to ₹89 per share.
The lot size of Tipco Engineering India IPO is 1600 shares.
The minimum investment for Tipco Engineering India IPO is approximately ₹2,84,800 based on the upper price band.
The allotment date of Tipco Engineering India IPO is Mar 27, 2026.
You can check Tipco Engineering India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tipco Engineering India IPO allotment status on Rupix for quick and easy access.
₹84 to ₹89 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,42,400. After listing, SME shares also trade in lots rather than one share at a time.
₹1,42,400, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 March 2026 and closed on 25 March 2026.
The basis of allotment was published on 27 March 2026 by Maashitla Securities Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 April 2026 on BSE SME.
The issue size was ₹60.55 crore. The fresh issue was 54,48,000 shares (aggregating up to ₹48.49 crore). The offer for sale was 13,55,200 shares (aggregating up to ₹12.06 crore).