Tipco Engineering IPO GMP Today, Price & Details
Tipco Engineering IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Tipco Engineering
Tipco Engineering, a company operating in the engineering sector, is set to launch its Initial Public Offering (IPO) on the BSE SME platform. The IPO is structured as a book-built issue, with a price band fixed at ₹84 per share. The total issue size stands at ₹60.55 crore, comprising a fresh issue of ₹48.49 crore and an Offer for Sale (OFS) of ₹12.06 crore.
The fresh capital raised is earmarked for augmenting working capital requirements and for general corporate purposes, indicating a focus on bolstering operational capabilities. The company has reported a revenue of ₹85.9 crore and a Profit After Tax (PAT) of ₹13.19 crore for the period under review. This translates to a healthy Earnings Per Share (EPS) of ₹10.88.
The financial metrics suggest a profitable operation with a Return on Net Worth (RONW) of 46.98% and a Return on Capital Employed (ROCE) of 33.27%. The company's profitability is further underscored by an EBITDA margin of 17.91%. The OFS component indicates that existing shareholders will be divesting a portion of their stake, which does not directly contribute to the company's growth capital.
Tipco Engineering's competitive positioning will be further clarified as more details on its specific niche within the engineering sector and its client base emerge.
Tipco Engineering IPO — Investment Analysis
Tipco Engineering's IPO presents a valuation that warrants careful consideration. The company is offering shares at a price band of ₹84, with a reported EPS of ₹10.88, resulting in a P/E ratio of approximately 7.73x. This P/E ratio appears relatively attractive when compared to the typical valuations seen in the broader engineering sector, suggesting potential undervaluation if the company's growth prospects are robust.
The price-to-book value can be inferred from the Net Asset Value (NAV) of ₹21.69; at the issue price of ₹84, the price-to-book is around 3.87x, which is also within a reasonable range for companies with strong return ratios. Financially, Tipco Engineering demonstrates a commendable performance. Its revenue stands at ₹85.9 crore, and it has achieved a PAT of ₹13.19 crore, indicating a solid PAT margin of approximately 15.35%.
The EBITDA margin of 17.91% further highlights operational efficiency. The return ratios are particularly impressive, with RONW at 46.98% and ROCE at 33.27%, suggesting that the company effectively utilizes its capital and shareholder funds to generate profits. Based on these figures, the company appears to be on a growth trajectory, although the provided data does not offer a multi-year trend to confirm sustained growth.
Key risks include the fact that this is an SME IPO, which typically carries higher volatility and liquidity risks compared to mainboard listings. The OFS component, while providing liquidity to existing shareholders, means a smaller portion of the IPO proceeds will be directly injected into the company for growth. Sector-specific risks and the ability of Tipco Engineering to maintain its high profitability and return ratios in a competitive landscape are also points to consider.
Subscription sentiment, if available, would provide further insight into market demand and investor confidence. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Tipco Engineering IPO — Pros & Cons
Strengths
- The company exhibits strong profitability with a PAT of ₹13.19 Cr on revenues of ₹85.9 Cr, indicating efficient operations and a healthy profit margin. This suggests the business model is capable of generating significant earnings relative to its sales, which is a positive sign for investors.
- Tipco Engineering demonstrates excellent capital utilization with a RONW of 46.98% and ROCE of 33.27%. These high return ratios imply that the company is effectively employing its equity and capital base to generate profits, signaling a well-managed and efficient business.
- The P/E ratio of 7.73x, based on an EPS of ₹10.88 and a price band of ₹84, appears attractive relative to potential industry averages. This valuation suggests that the IPO might be priced reasonably, offering investors an entry point at a potentially discounted level.
- The company boasts a robust EBITDA margin of 17.91%, which is a testament to its operational efficiency and cost management. A strong EBITDA margin suggests that the core business operations are highly profitable before accounting for interest, taxes, depreciation, and amortization.
- The IPO includes a fresh issue component of ₹48.49 Cr, which will be used for working capital and general corporate purposes. This infusion of capital can potentially fuel future growth and operational expansion for the company.
Risks
- The IPO structure includes an Offer for Sale (OFS) of ₹12.06 Cr, meaning a portion of the funds raised will go to selling shareholders rather than directly to the company for growth initiatives. This limits the amount of fresh capital available for expansion and development.
- As an SME IPO, Tipco Engineering will be listed on the BSE SME exchange, which typically comes with higher risks such as lower liquidity and greater price volatility compared to mainboard listings. Investors may find it harder to exit their positions quickly at desired prices.
- The provided financial data only reflects a snapshot and does not offer a multi-year trend analysis of revenue and profitability. Without historical performance data, it is challenging to assess the company's sustained growth trajectory and its ability to navigate economic cycles.
- While the current P/E ratio appears reasonable, the sustainability of its high return ratios (RONW 46.98%, ROCE 33.27%) and profit margins (EBITDA 17.91%) in a competitive engineering sector is a key concern. Future performance may not match historical highs.
- The Net Asset Value (NAV) of ₹21.69, when compared to the issue price of ₹84, indicates a significant premium to book value. Investors should evaluate if the company's future growth and earnings potential justify this premium.
Tipco Engineering IPO Details
| Company Name | Tipco Engineering |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹84 - ₹84 |
| Face Value | ₹10 per share |
| Lot Size | 1600 shares |
| Min Investment | ₹134,400 |
| Total Issue Size | ₹60.55 Cr |
|---|---|
| Fresh Issue | ₹48.49 Cr |
| Offer for Sale | ₹12.06 Cr |
| IPO Status | Listed |
Tipco Engineering IPO Dates
Tipco Engineering IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 01 Apr 2026 | 0.66x | 3.29x | 3.20x | 1.95x |
| 25 Mar 2026 | 0.66x | 3.29x | 3.20x | 1.95x |
| 24 Mar 2026 | 0.03x | 1.17x | 1.00x | 0.55x |
| 23 Mar 2026 | 0.01x | 0.01x | 1.00x | 0.29x |
Tipco Engineering IPO Listing Performance
Tipco Engineering IPO listed on BSE on 01 Apr 2026 at ₹89, a premium of 6.3% over the issue price of ₹84. Investors who received allotment made a profit of ₹8,400 per lot (1600 shares) on listing day.
Tipco Engineering IPO — Key Highlights
- Tipco Engineering is launching an SME IPO on the BSE with a fixed price band of ₹84 per share.
- The total issue size is ₹60.55 Cr, comprising ₹48.49 Cr in fresh issue and ₹12.06 Cr in Offer for Sale (OFS).
- The company reported a revenue of ₹85.9 Cr and a Profit After Tax (PAT) of ₹13.19 Cr.
- Tipco Engineering exhibits strong profitability with an EPS of ₹10.88 and a P/E ratio of 7.73x.
- Return ratios are notably high, with RONW at 46.98% and ROCE at 33.27%.
- The EBITDA margin stands at a healthy 17.91%, indicating operational efficiency.
Tipco Engineering Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 35.97 | 101.23 | 133.14 | 85.90 |
| Expenses | 32.89 | 91.15 | 114.56 | 69.52 |
| Net Income (PAT) | 2.56 | 8.45 | 15.61 | 13.19 |
Tipco Engineering IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹10.88 |
|---|---|
| P/E Ratio | 7.73x |
| NAV | ₹21.69 |
| Debt/Equity | 1.120 |
Return Metrics
| RONW (%) | 46.98% |
|---|---|
| ROCE (%) | 33.27% |
| EBITDA Margin | 17.91% |
Tipco Engineering IPO Reservation / Allocation
Tipco Engineering IPO — Frequently Asked Questions
What is Tipco Engineering IPO GMP today?
As of today, the Grey Market Premium (GMP) for Tipco Engineering IPO is not available at this time. GMP values are updated daily based on grey market activity.
What is the price band and lot size of Tipco Engineering IPO?
Tipco Engineering IPO has a price band of ₹84 to ₹84 per equity share with a face value of ₹10. The minimum lot size is 1600 shares, requiring a minimum investment of ₹134,400 at the upper band.
What are the important dates for Tipco Engineering IPO?
Tipco Engineering IPO opens for subscription on 23 Mar 2026 and closes on 25 Mar 2026. Allotment is expected on 27 Mar 2026. The shares are expected to list on BSE on 01 Apr 2026.
What is the investor category allocation in Tipco Engineering IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 85.90%, Non-Institutional Investors (NII/HNI): 0.00%, and Retail Individual Investors: 35.00%. Additionally, 13.19% is reserved for eligible employees.
How can I apply for Tipco Engineering IPO?
You can apply for Tipco Engineering IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment.
What is the subscription status of Tipco Engineering IPO?
Tipco Engineering IPO has been subscribed 1.95 times overall. Retail category: 0.66x, NII/HNI: 3.29x, QIB: 3.20x.
What is Tipco Engineering IPO price band and lot size?
The Tipco Engineering IPO has a fixed price band of ₹84 per share. The lot size for this IPO is 1600 shares. This means the minimum investment for one lot is ₹134,400 (1600 shares * ₹84 per share). The face value of each share is ₹10. Retail investors can typically apply for multiple lots, subject to their investment capacity and SEBI regulations.
Is Tipco Engineering IPO worth investing in?
Tipco Engineering's IPO presents a mixed picture with strong financial metrics like high return ratios (RONW 46.98%, ROCE 33.27%) and healthy margins (EBITDA 17.91%). The P/E ratio of 7.73x also appears attractive. However, risks associated with SME IPOs, the OFS component limiting growth capital, and the need for sustained performance need to be considered. Investors should carefully weigh these factors against their risk appetite. Investors should consult a SEBI-registered financial advisor before making investment decisions.
What is Tipco Engineering IPO GMP today?
Grey Market Premium (GMP) is an unofficial indicator of demand for an IPO. While specific GMP data for Tipco Engineering is not provided here, it generally reflects the expected listing gains. A positive GMP suggests strong investor interest and potential for the stock to trade at a premium on listing day. However, GMP is speculative and can fluctuate significantly. It should not be the sole basis for investment decisions.
How to apply for Tipco Engineering IPO?
You can apply for the Tipco Engineering IPO through two primary methods: UPI via your stockbroker's app (like Zerodha, Groww, Upstox) or the ASBA facility through your bank's net banking portal. For UPI, you will need to authorize the payment request after bidding. With ASBA, the funds are blocked in your bank account until allotment. The registrar for this IPO is listed as 13.19. Ensure you have completed your KYC and have a demat account to apply.