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₹89 - 89
TIPCO Engineering India Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹89 - 89
The Company is engaged in manufacturing and supplying a comprehensive range of plants and machinery such as bead mill, batch type bead mill, lab bead mill, horizontal bead mill, vertical bead mill, Tungsten Carbide Pin-Type Bead Mill, Disc Type Horizontal Bead Mill, Dyno Mill, Lab Dyno Mill, Pug Mill, Attritor Mill, Lab Attritor Mill, Basket Mill, Combined Pin and Disc Type Bead Mill, Ceramic Bead Mill, Lab High-Speed Disperser, High-Speed Disperser, Twin-Shaft Disperser, Triple-Shaft Disperser, Vacuum High-Speed Disperser, Fixed Type Disperser, Platform Type Disperser, In-Line Homogenizer, In-Tank Homogenizers, High Shear In-Tank Homogenizer, Liquid Powder Mixing Machine, and Sigma Mixer. The Company is serving industries such as Paint and Coatings, Chemical, Printing and packaging, Metal industry, construction and infrastructure and machinery and equipment. The Company offers its plants and machineries mainly across three different series (categories) i.e., Mill Series, Disperser Series and Homogenizers Series.
Lot1,600Min Invest₹2,84,800Face Value₹10Issue Size₹61 CrFresh Issue₹48 CrOffer for Sale₹12 CrListing Price₹89CMP₹281
Timeline
23 Mar
Bidding opens
25 Mar
Bidding closes
27 Mar
Allotment
30 Mar
Refund & demat credit
1 Apr
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹61 Cr0.68 Cr shares
Fresh Issue₹48 Cr
Offer for Sale₹12 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.75% · NII 15.11% · RETAIL 35.14%
Application Sizes
Retail₹2,84,8001-1 lots
sNII₹2,84,800from 2 lots
bNII₹11,39,200from 8 lots
Managers & Registrar
Lead ManagerSmart Horizon Capital Advisors Private Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrRitesh SharmaPRMTR13,55,20012.06Total13,55,20012.06
Shareholding
CategoryPre IPOPost IPOPromoter Group87.19%57.79%Public12.81%42.21%
Objects of the Issue
- Repayment/prepayment of all or certain of our borrowings availed of by our Company
- Funding Working Capital Requirement of our Company
- General Corporate Purpose
Anchor Book
Bid Date20-Mar-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 0 | 36 | 101 | 133 | 145 |
| Operating ProfitCr | 0 | 3 | 12 | 24 | 38 |
| OPM% | - | 9.7 | 12.0 | 17.9 | 26.2 |
| PBTCr | 0 | 3 | 10 | 19 | 33 |
| PATCr | 0 | 3 | 8 | 16 | 25 |
| EPS | -4 | 3 | 9 | 11 | 0 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 0 | 21 |
| ReservesCr | 0 | 3 | 12 | 33 | 80 |
| BorrowingsCr | 0 | 8 | 26 | 37 | 41 |
| Fixed AssetsCr | - | - | - | - | 13 |
| Total AssetsCr | 0 | 28 | 66 | 101 | 186 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | -7 | -10 | 12 | 3 |
| Investing Cash FlowCr | - | -1 | -3 | -31 | 16 |
| Financing Cash FlowCr | - | 8 | 17 | 16 | 40 |
| Net Cash FlowCr | - | 0 | 4 | -3 | 59 |
Strengths & Risks
Strengths · as stated in the DRHP
- Wide Range of Products.
- Quality products.
- Repeat orders from Customers.
- Experienced Promoter and management team with proven execution capabilities and Skilled work force with contemporary capabilities.
- Manufacturing setup under one roof.
- Strong order book.
Strategies · as stated in the DRHP
- Focus to target export business.
- New collaboration to develop new products and quality improvements.
- Strengthen relationships with its existing customers and expand customer base.
- Focus on increase in volume of sale.
- Improve Debt - Equity Ratio.
- Increasing Operational efficiency
Risks · as stated in the DRHP
- Our business operations rely significantly on the continuous and timely supply of raw materials from top one supplier, top 5 and top 10 suppliers, Also, we do not have continuing and exclusive supply agreement with them. Our purchases of stock-in-trade from top 10 suppliers are 59.93%, 56.66% and 67.83% in fiscal years 2025, 2024 and 2023 respectively, accordingly, this exposes us to a concentration of purchases from top 10 suppliers and also, any interruptions or discontinuation of same will adversely impact our overall performance and profitability.
- We generate our majority of the sales from domestic market of which major portion of sales from our operations is generated from certain geographical regions especially, Uttar Pradesh, Rajasthan and Haryana which totally contributed 73.03%, 81.86% and 65.46% for fiscals 2025, 2024 and 2023 respectively and minority portion of sales is from international market. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.
- We have entered into and may enter into related party transactions in the future, however, there can be no assurance that such transactions, individually or taken together, will not have an adverse effect on our business, prospects, results of operations and financial condition.
- The company has certain outstanding litigation against us, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- Our Registered Office and Manufacturing Unit both are situated at the same place and is owned by one of our Promoters, Mr. Ritesh Sharma and one of the Promoter Group Entities, M/s. RGVY Enterprises (partnership firm of Mr. Ritesh Sharma and Ms. Sonia Sharma). In any event, the arrangements entered into are not on commercially acceptable/favourable terms for our Company or there is a disruption of our rights since there being the Interest of our promoters directly or indirectly or termination of the agreements with our promoters or promoter group entity, our Business, Financial Condition and Results of Operations and Cash Flows could be adversely affected.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.