Tipco Engineering India IPO: March 23 Opening, Shares Set at Rs 84-89

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Tipco Engineering India IPO opens March 23: Price band Rs 84-89, aims for Rs 60.5 Cr

Tipco Engineering India IPO News

M

Moneycontrol•16-03-2026, 21:04

Tipco Engineering India IPO opens March 23: Price band Rs 84-89, aims for Rs 60.5 Cr

•Tipco Engineering India's IPO opens March 23 and closes March 25, with shares listing on BSE SME by April 1.
•The price band is set at Rs 84-89 per share for the Rs 60.5 crore public issue.
•The IPO comprises 68.03 lakh shares, including a fresh issue and an offer-for-sale by promoter Ritesh Sharma.
•Funds will be used for debt repayment (Rs 30 Cr), working capital (Rs 7.66 Cr), and general corporate purposes.
•Company reported Rs 15.6 crore profit on Rs 133.1 crore revenue in FY25; aims to be debt-free post-issue.

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