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(16/03/2026 17:30)

Tipco Engineering announces launch of initial public offering

Tipco Engineering India Ltd. has announced public offering of 6803200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 79.00 per share. The gross proceeds of the issue are expected to be Rs 6,054.85 lakhs.

The company's initial public offer (IPO) will open on Monday, March 23, 2026 and is expected to close on Wednesday, March 25, 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 84.00-89.00 per share.

The IPO includes a fresh Issue of 6803200 Equity Shares of the Company at an price of Rs 89.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Tipco Engineering India Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
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