Tipco Engineering IPO Subscription Status Day 1
Mon Mar 23 2026
Here, the Tipco Engineering IPO launched on 23rd March 2026. Bidding for the issue will close today, 25th March 2026. The primary aim of the Tipco Engineering IPO is to raise ₹60.55 crores from the market. Also, the Tipco Engineering IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Tipco Engineering IPO subscription and details.
Tipco Engineering IPO Details
| IPO Open Date | 23rd March 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹84 to ₹89 |
| Lot Size | 1,600 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| IPO Close Date | 25th March 2026 |
| Listing Date | 1st April 2026 |
The price band for the Tipco Engineering IPO has been set at ₹84 to ₹89 per share. Let’s segregate the share quota fixed for different categories of investors.
| Investor Categories | Shares Offered | % of Shares offered |
| Market Maker Shares Offered | 10,20,800 | 15.00% |
| QIB Shares Offered | 28,76,800 | 42.29% |
| NII (HNI) Shares Offered | 8,73,600 | 8,73,600 |
| Retail Shares Offered | 20,32,000 | 20,32,000 |
| Total Shares Offered | 68,03,200 | 68,03,200 |
Tipco Engineering IPO Subscription Status
As of now, the Tipco Engineering IPO has been subscribed to 0.00 times. Of these, 0.00 times are subscribed by retail investors, 0.00 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of Tipco Engineering’s IPO listing on 1st April 2026. Tipco Engineering also has a positive outlook behind the fresh issue of 0.54 crore shares, which will raise around Rs 60.55 crores.
Tipco Engineering IPO GMP Today
We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Tipco Engineering IPO GMP for 23rd March 2026.
| 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% |
| 16-3-2026 | ₹89.00 | ₹0.00 | ₹89.00 | 0.00% |
The grey market premium for this IPO rises to ₹0.00 per share. It indicates that the estimated listing price per share is Rs 98.00. Numerous factors played a pivotal role in this jump in Tipco Engineering’s GMP ahead of its IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.
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’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.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects 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 |
Tipco Engineering IPO Listing Expectations
Tipco Engineering IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A flat 0% in Tipco Engineering, Highlight GMP suggests the estimated listing price per share will be around Rs. 89.
It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.
Tipco Engineering IPO Dates
| IPO Open Date | 23rd March 2026 |
| IPO Close Date | 25th March 2026 |
| Allotment | 27th March 2026 |
| Refund Date | 30th March 2026 |
| IPO Listing Date | 1st April 2026 |
Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.
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