tipco-engineering-india-ltd

Incorporated in 2021 and based in Sonepat, Haryana, Tipco Engineering is a specialist manufacturer of process plants and machinery. The company serves industrial clients in the chemical, paint, pharmaceutical, and food processing sectors, providing customized mixing and milling technology.

Business Verticals

• Mill Series: Manufacturing bead mills (batch, horizontal, and vertical) for high-precision grinding and milling.

• Disperser Series: High-speed and vacuum dispersers used for uniform mixing of chemical components.

• Homogenizer Series: Specialized blending equipment for industries like pharmaceuticals and cosmetics.

• Turnkey Production Lines: Designing and installing entire automated production setups for paint and ink manufacturing.

Track Record

• Strong Revenue Growth: Total income jumped from ₹35.98 Cr (FY23) to ₹133.37 Cr (FY25), showing rapid scaling.

• Profitability: Reported a PAT of ₹15.61 Cr for FY25, representing an 84% growth over the previous year.

• Operational Efficiency: Boasts an exceptionally high ROE of 68.26% and an EBITDA margin of 17.91% for FY25.

• Order Book: Maintained a healthy order book of ₹14.48 Crores as of mid-September 2025.

Tipco Engineering India Ltd IPO GMP

As of March 13, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Grey market activity for this issue is expected to begin once the price band is finalized next week. Initial interest is typically observed 2-3 days before the opening date.

Tipco Engineering India Ltd IPO Allotment Status

The allotment is scheduled to be finalized on Mar 27, 2026.

Check Tipco Engineering Allotment Status To check your status online, visit: [Check Allotment Status Here]

You can verify your status via:

• Registrar's website (Maashitla Securities Pvt Ltd)

• BSE official portal

• Using your PAN number or Application ID

Strengths

• Industry Experience: Promoters have over 35 years of background in industrial machine manufacturing.

• Integrated Manufacturing: Operates a comprehensive setup under one roof, allowing for better quality control and faster execution.

• Niche Market Position: Specialized focus on grinding and milling technology for the paint and pharma sectors provides a steady moat.

• High Return Ratios: Strong ROE and ROCE figures indicate efficient use of capital during its growth phase.

Weakness

• High Debt-to-Equity: The company has a debt-to-equity ratio of 1.13, which is higher than some of its peers in the engineering sector.

• Geographic Concentration: Operations are primarily centered in Haryana; any regional disruption could impact production.

• Raw Material Volatility: Susceptible to price changes in high-grade steel and specialized components used in machine fabrication.

• Short Corporate History: Incorporated in 2021, the current legal entity has a relatively brief track record compared to older industry competitors.

How the Company Will Use IPO Money

The fresh issue proceeds will be utilized for:

• Debt Repayment: ₹30.00 crores for the repayment or prepayment of existing borrowings to strengthen the balance sheet.

• Working Capital: ₹8.16 crores to support the increasing scale of manufacturing operations.

• General Corporate Purposes: General growth and operational expenses.

Lead Manager & Registrar

• Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.

• Registrar: Maashitla Securities Pvt Ltd Phone: +91 11 4512 6062 Email: investor.ipo@maashitla.com