Tipco Engineering IPO Subscribed 1.70 Times on Day 3

Tipco Engineering India Limited's initial public offering (IPO) closed its three-day subscription window at 1.70 times overall subscription by 5:04 PM on Day 3 (March 25, 2026). The ₹60.55 crore book-build issue, priced at ₹84 to ₹89 per share, received bids for 69,00,800 shares against 40,62,400 shares on offer, with total applications reaching 474.

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Subscription Status of Tipco Engineering IPO

Here are the subscription details for Tipco Engineering IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription surged to 1.70 times on the final day, from Day 2's 0.30 times, driven by a sharp late surge in institutional and NII demand.
• Qualified institutional buyers (ex-anchor) more than tripled to 3.20 times from 1.00 times on Day 2, indicating heavy institutional interest concentrated on the closing day of this industrial machinery SME IPO.
• Non-institutional investors crossed full subscription at 2.12 times, surging from negligible levels on Day 2, with bNII at 2.81 times and sNII at 0.74 times.
• Individual investors improved to 0.66 times from Day 2's 0.03 times, though participation remained below full subscription.
• Total applications reached 474 on Day 3.
   

Key Highlights – Day 2

• Overall subscription reached 0.30 times, broadly unchanged from Day 1's 0.29 times.
• Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times, unchanged from Day 1.
• Non-institutional investors remained negligible at 0.01 times, with bNII at 1.75 times and sNII at 0.02 times on Day 2.
• Individual investors showed marginal improvement to 0.03 times from Day 1's 0.01 times.

Key Highlights – Day 1

• Overall subscription reached 0.29 times on Day 1 (March 23, 2026), reflecting subdued initial investor interest in this industrial machinery SME IPO.
• Qualified institutional buyers (ex-anchor) achieved full subscription at 1.00 times on the opening day.
• Non-institutional investors showed negligible participation at 0.01 times, with bNII at 0.00 times and sNII at 0.02 times on Day 1.
• Individual investors showed negligible participation at 0.01 times on Day 1.
• Anchor investors fully subscribed their allocation of ₹15.31 crores on March 20, 2026.

About Tipco Engineering India Limited

Incorporated in September 2021, Tipco Engineering India Limited manufactures and supplies industrial machinery for industries including paint and coatings, chemicals, printing and packaging, metal, construction, and infrastructure. The company offers machinery under three categories: Mill Series for grinding and milling, Disperser Series for mixing and dispersing chemical components, and Homogenizer Series for blending particles to uniform consistency.