BAJAJ FINSERV DIRECT LIMITED

IPO-Insights

Tipco Engineering India IPO – Subscription Status, Dates, and How to Apply

Anshika Posted on March 25, 2026

Explore how Tipco Engineering India Ltd.’s IPO performed during its subscription period, including investor participation on Day 1, price band details, key dates, and how to apply through ASBA or UPI.

The Tipco Engineering India Ltd. IPO opened for subscription on March 23, 2026, marking the company’s entry into the SME segment of the Indian stock market. The company operates in the engineering and industrial solutions space, catering to infrastructure and project-based requirements.

The IPO is a book-built issue with a price band of ₹84 to ₹89 per share, aiming to raise approximately ₹60.55 crore. On its opening day, the issue saw limited visible participation, with subscription figures yet to build momentum.

Tipco Engineering India IPO Subscription Status

The Tipco Engineering India Ltd. IPO began its bidding process with early-stage participation across investor categories. Day 1 subscription data reflects initial investor sentiment toward the issue.

Day 1 Subscription Status (March 23, 2026)

On the first day of bidding, the Tipco Engineering India Ltd. IPO recorded an overall subscription of 0.23×, indicating a slow start to the issue. While institutional investors showed full participation in their reserved portion, retail and non-institutional segments remained largely muted.

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIB)	1.00×
Retail Individual Investors (RII)	0.01×
Non-Institutional Investors (NII)	0.00×
Total	0.23×

The Day 1 data suggests that the IPO received early support from institutional investors, but broader participation from retail and high-net-worth investors is yet to pick up, which could influence overall subscription momentum in the coming days.

Day 2 Subscription Status (March 24, 2026)

On the second day of bidding, the Tipco Engineering India Ltd. IPO showed slight improvement in subscription levels compared to Day 1. The overall subscription stood at 0.24×, indicating slow but progressing investor interest.

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIB)	1.00×
Retail Individual Investors (RII)	0.02×
Non-Institutional Investors (NII)	0.00×
Total	0.24×

The Day 2 data highlights strong participation from institutional investors, while retail and non-institutional segments remained subdued. The IPO may see increased traction in the final days of the bidding period.

Day 3 Subscription Status (March 25, 2026)

On the third day of bidding, the Tipco Engineering India Ltd. IPO witnessed a noticeable improvement in investor participation, with the overall subscription reaching 0.53×.

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIB)	1.26×
Retail Individual Investors (RII)	0.10×
Non-Institutional Investors (NII)	0.54×
Total	0.53×

The Day 3 momentum was driven primarily by strong institutional demand, which crossed full subscription, along with improving participation from non-institutional investors.

Tipco Engineering India IPO Price Band and Lot Size

The IPO is priced in the range of ₹84 to ₹89 per share, with a face value of ₹10 per share.

The minimum application size is 1 lot of 1,600 shares, making it accessible primarily to SME investors.

Investor Category	Lots	Shares	Amount (₹)
Retail (Minimum)	1	1,600	₹1,42,400

At the upper price band, the minimum investment required is approximately ₹1,42,400.

For detailed insights about the company, issue particulars, and the latest updates, visit the Tipco Engineering India IPO on Bajaj Markets.

Tipco Engineering India IPO Dates & Timeline

Below is the expected IPO timeline based on available information:

Event	Date	Details
IPO Open Date	March 23, 2026	Issue opens for subscription
IPO Close Date	March 25, 2026	Final day to submit bids
Basis of Allotment	March 27, 2026	Allotment finalisation expected
Refunds Initiation	March 30, 2026	Refunds for unallotted investors
Credit of Shares to Demat	March 30, 2026	Shares credited to Demat accounts
Listing Date	April 1, 2026	Expected listing on SME platform

Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.

Disclaimer

The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.

Sources

LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner

Open Free Demat Account

Quick Links

IPO Subscription	Oversubscription in IPO	Under-Subscription in IPOs
IPO Allotment Process	Check IPO Allotment Status	Reasons for Non-Allotment of IPO
IPO Listing Gains	Grey Market Premium (GMP)

Hi! I’m Anshika

Financial Content Specialist

Anshika brings 7+ years of experience in stock market operations, project management, and investment banking processes. She has led cross-functional initiatives and managed the delivery of digital investment portals. Backed by industry certifications, she holds a strong foundation in financial operations. With deep expertise in capital markets, she connects strategy with execution, ensuring compliance to deliver impact.

Read More

Most Viewed

IPO-Insights Bonbloc Technologies IPO Updates

1 Min Read | Posted on 26 Mar

IPO-Insights Rays of Belief IPO Updates

2 Min Read | Posted on 26 Mar

Stock Insights Understanding Survivorship Bias

4 Min Read | Posted on 07 Mar

IPO-Insights Powerica IPO Updates

2 Min Read | Posted on 26 Mar

Home

Steal Deals

CIBIL Score

Free Cibil

Explore