Tipco Engineering IPO Review 2026: GMP Flat, Key Investor Insights

Thu Mar 19 2026

Tipco Engineering IPO is open for bidding from 23rd March 2026 to 25th March 2026. It is a bookbuilding issue IPO of ₹60.55 crore, the entire and fresh issue of 0.54 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 1st April 2026.

Table of Contents

Tipco Engineering IPO Details

The Tipco Engineering IPO date is scheduled from 23rd March 2026 to 25th March 2026. The face value of Tipco Engineering shares stands at ₹10 per share, and the IPO Issue price band is set at ₹84 to ₹89 per share

Maashitla Securities Private Limited is the registrar of the Tipco Engineering IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

IPO Allotment Date	27th March 2026
IPO Open Date	23rd March 2026
IPO Close Date	25th March 2026
Refund Initiation	30th March 2026
Issue Size	68,03,200 shares(agg. up to ₹61 Cr)
Face Value	₹10 per share
Lot Size	1,600 shares
Issue Price	₹84 to ₹89 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	1st April 2026

Tipco Engineering IPO Share Reservation

Tipco Engineering IPO is a bookbuilding issue of 0.24 crore shares, worth ₹29.14 crore. Tipco Engineering IPO Limited shares will be listed on the BSE and the SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Investor Categories	Shares Offered	% Shares Offered
QIB Shares Offered	28,76,800	15.00%
NII (HNI) Shares Offered	8,73,600	12.84%
Retail Shares Offered	20,32,000	29.87%

Tipco Engineering IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Tipco Engineering IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
23-3-2026	₹89.00	₹0.00	₹89.00	0.00%
22-3-2026	₹89.00	₹0.00	₹89.00	0.00%
21-3-2026	₹89.00	₹0.00	₹89.00	0.00%
20-3-2026	₹89.00	₹0.00	₹89.00	0.00%
19-3-2026	₹89.00	₹0.00	₹89.00	0.00%
18-3-2026	₹89.00	₹0.00	₹89.00	0.00%
17-3-2026	₹89.00	₹0.00	₹89.00	0.00%

As of 23rd March 2026, the Tipco Engineering IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹89.00 on its tentative listing date, 1st April 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Tipco Engineering IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.

Tipco Engineering IPO GMP Review

Check out the detailed Tipco Engineering GMP IPO review for a thorough understanding of its potential to report listing gains on 1st April 2026. The Tipco Engineering IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Tipco Engineering IPO.

Tipco Engineering Limited’s revenue increased by 26%, from ₹101.36 crore in March 2024 to ₹15.61 crore in March 2025. Moreover, the company’s PAT increased by 8% from ₹8.45 crore in March 2024 to ₹15.61 crore in March 2025.

Tipco Engineering IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Tipco Engineering IPO, with its tentative listing day set for 1st April 2026.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Tipco Engineering IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	8.73
EPS (Earnings Per Share)	10.19
RoNW	28.41%
ROCE	24.76%
ROE	33.12%
EBITDA Margin	15.35%
Price to Book Value	4.10
Market Capitalisation	₹184.83

The P/E ratio of Tipco Engineering Limited shares is 8.73, and its Earnings Per Share (EPS) stands at 10.19. Thus, the Tipco Engineering IPO can deliver gains on its tentative listing date, 1st April 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Tipco Engineering Limited may change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	8.73	10.51
EPS	10.19	8.47

Tipco Engineering IPO Subscription Status

The Tipco Engineering IPO will open for bidding on 20th March 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Tipco Engineering IPO Subscription Status.

Investor Categories	Shares Offered	Shares Subscribed	Subscription to the Times
QIB Shares Offered	28,76,800	Yet to be announced	Yet to be announced
NII (HNI) Shares Offered	8,73,600	Yet to be announced	Yet to be announced
Retail Shares Offered	20,32,000	Yet to be announced	Yet to be announced

About Tipco Engineering Limited

Tipco Engineering is engaged in manufacturing and supplying industrial machinery for various industries, including paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The company operates two units located at Rai Industrial Estate, Sonipat, Haryana, each covering about 1,012.50 sq. meters. The facilities are equipped with advanced CNC machines, laser cutting equipment, welding units, polishing machines, and quality testing systems.

Tipco Engineering Limited Financials

The company’s financial analysis is essential before applying for the Tipco Engineering IPO. See the table for Tipco Engineering Limited’s financials.

Year Ended	31st Dec 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023
Assets	114.55	100.96	65.72	28.04
Total Income	86.25	133.37	101.36	35.98
Profit After Tax	13.19	15.61	8.45	2.56
EBITDA	20.89	23.85	12.14	3.47
Net Worth	46.41	33.23	12.51	2.57
Reserves and Surplus	31.09	33.21	12.50	2.56
Total Borrowings	37.52	37.23	25.68	8.42

Explanation

Tipco Engineering Limited IPO Promoter Holdings

Shareholding Pre-Issue	59.67%
Shareholding Post-Issue	–

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Tipco Engineering IPO

The primary aim of the Tipco Engineering IPO is to raise ₹60.55 crores, and the secondary objective is to:

To Repayment or prepayment of all or certain of our borrowings availed by our company
Funding Working Capital Requirement of the Company
General corporate purposes

Should I Invest in the Tipco Engineering IPO?

Explore the pros and cons of Tipco Engineering to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.

Pros of the Tipco Engineering IPO

Strong revenue and profit growth
Improving EBITDA and profit margins
Diverse product portfolio across industries
Benefits from industrial and infrastructure growth
IPO funds to support working capital and expansion

Cons of the Tipco Engineering IPO

High minimum investment requirement
Business depends on cyclical industrial demand
Small-scale operations compared to peers
Risk of sector and client concentration
Past leverage (debt) concerns
Limited long-term track record

How to Apply for the Tipco Engineering IPO?

Check the steps mentioned below to apply for Tipco Engineering Ltd.

Step 1: Conduct thorough research on the Tipco Engineering IPO GMP, subscription status, issue size, lot size, and other details.
Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
Step 3: Make a bid for 2 lots of 3,200 shares worth ₹2,84,800.
Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.

Note: You can apply for the Tipco Engineering IPO across multiple demat accounts to increase your chances of allotment.

How to Check the Tipco Engineering IPO Allotment Status?

You can check for the Tipco Engineering IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

Visit the BSE Official Site
Navigate to the IPO Allotment Section.
Select Equity as the issue type.
Choose the Tipco Engineering IPO.
Choose whether to proceed with the PAN number or the application number.
Submit your details to get the allotment status online.

Check On the Registrar Portal

Visit the registrar portal.
Click on the allotment option.
Fill in the required details.
Click on the submit button to know your Tipco Engineering IPO allotment status.

Let’s Wrap

Tipco Engineering IPO is a book-building issue of shares worth ₹60.55 crore. The shares of Tipco Engineering Limited will be listed on the BSE and SME on its tentative listing date of 1st April 2026. Researching the Tipco Engineering IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Tipco Engineering IPO

How is the Tipco Engineering IPO?

Currently, on 23rd March 2026, the Tipco Engineering GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹89.00 per share. It is a book-building IPO of ₹60.55 per share. The face value of each Tipco Engineering share is ₹10.

What is the Tipco Engineering IPO price?

The Tipco Engineering IPO issue price band is set at ₹84 to ₹89 per share.

Is the Tipco Engineering IPO a good investment?

Who is the registrar of the Tipco Engineering IPO?

Maashitla Securities Private Limited is the registrar for the Tipco Engineering IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Tipco Engineering allotment and refund, you can contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96.

What is the issue size of the Tipco Engineering IPO?

Tipco Engineering IPO is a bookbuilding IPO of ₹60.55 crores. Moreover, the IPO is set to open on 23rd March 2026 and close on 25th March 2026.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Tipco Engineering IPO, download the Tipco Engineering IPO RHP and Tipco Engineering IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.