Taurian MPS Ltd IPO is a book-built SME public issue aiming to raise approximately ₹42.53 crore through a fresh issue of 24.87 lakh equity shares, priced between ₹162–₹171 each. The offer opens for bidding from 9–11 September 2025, with allotment around 12 September and listing expected on NSE Emerge by 15 September 2025. The funds will be used for machinery enhancement, R&D, working capital and corporate purposes.
2. Taurian MPS Ltd IPO Detailed Overview
- Type of Issue: 100% Fresh Issue (No OFS), Book Building Format on NSE Emerge (SME)
- Issue Size: ₹42.53 crore (24.87 lakh shares) Moneycontrol+1
- Price Band: ₹162 – ₹171 per share (Face Value ₹10) ZerodhaMoneycontrol
- Lot Size: 800 shares; minimum retail application equals ₹1,36,800 MoneycontrolZerodha
- Offer Structure:
- Fresh Issue: 24,87,200 shares
- Market Maker Reservation: Up to 2,99,200 shares
- Net Offer to Public: ~21,88,000 shares IPO PremiumThe Tribune
3. IPO Timeline
| Event | Date |
|---|---|
| Anchor Book Opens | ~4 September 2025 |
| IPO Opens | 9 September 2025 |
| IPO Closes | 11 September 2025 |
| Basis of Allotment | 12 September 2025 |
| Refunds Initiated | 12 September 2025 |
| Demat Credit | 12 September 2025 |
| Listing on NSE Emerge | 15 September 2025 |
| MoneycontrolInvestorZoneSharescart |
4. Company & Use of Funds
Taurian MPS Ltd (inc. 2010), specializes in engineering and manufacturing of:
- Crushing & screening plants
- Washing systems
- Conveying solutions
- Spare parts & custom fabrication
Headquartered in Roorkee, Uttarakhand, it serves over 20 Indian states, with export partnerships in Gulf, Caribbean, and USA. ZerodhaInvestorZone
Use of Fresh Proceeds:
- Acquisition of machinery & equipment – ₹6.06 cr
- R&D equipment for innovation – ₹1.95 cr
- Working capital – ₹22.60 cr
- General corporate purposes InvestorZone
5. Financial Snapshot & Valuation
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | 10.86 | 44.17 | 73.7 |
| EBITDA (₹ Cr) | 2.25 | 8.14 | 15.08 |
| Profit After Tax (₹ Cr) | 0.22 | 11.32 | 9.50 |
| Net Worth (₹ Cr) | 7.98 | 19.29 | 34.30 |
| EPS (₹) | 0.37 | 18.87 | ~15.14 |
| RoE | — | 83.0% | 35.4% |
| RoCE | — | 26.1% | 31.6% |
| m.StockIPO Premium |
Valuation Metrics (at ₹171 upper band):
- P/E: ₹171 / ₹15.14 ≈ 11.3× IPO Premium
- P/B (NAV ₹34.30): ≈ 5.0×
6. Strengths & Risks
Strengths
- Holistic product portfolio across crushing, screening, washing, spares
- Strong R&D and quality systems (e.g., FMEA, APQP) InvestorZone
- Fast-growing, diversified revenue (FY23–25)
- Experienced leadership team and structured manufacturing footprint
Risks
- FY25 profit declined (~16%) despite revenue growth Moneycontrolm.Stock
- Heavy working capital cycle
- SME liquidity constraints
- Customer/project concentration may cause revenue cyclicality
- Commodity and machinery capex sensitivity
7. FAQs (Common Investor Queries)
Q1. What are the IPO dates?
Bidding: 9–11 September 2025; Allotment: ~12 September; Listing: 15 September 2025. MoneycontrolInvestorZone
Q2. What is the price band and lot size?
₹162–₹171; Lot size: 800 shares; Minimum application ~₹1.37 lakh. ZerodhaMoneycontrol
Q3. Is there any Offer for Sale?
No, entire issue is fresh equity. Market Maker shares reserved separately. IPO PremiumThe Tribune
Q4. What is Taurian MPS’s line of business?
Manufactures crushing, screening, washing plants, conveying systems, and spares for mining/construction sectors. ZerodhaInvestorZone
Q5. How will it use the IPO funds?
Funds allocated to machinery, R&D, working capital, and corporate purposes. InvestorZone
Q6. What are the FY25 financial highlights?
Revenue ~₹73.7 cr, PAT ~₹9.5 cr, EPS ~₹15.14, RoE ~35%, RoCE ~31%. IPO Premium
Q7. What’s the valuation (P/E, P/B)?
P/E ~11.3×, P/B ~5×. IPO Premium
Q8. How to check allotment status?
Via registrar’s portal (Bigshare Services Pvt. Ltd.) or NSE SME platform. Registrar details below.
Official IPO Links
- Company Website: Taurian MPS Ltd
- Allotment Status Portal (Registrar): Bigshare Services (IPO Status)
- Listing Platform: NSE Emerge (SME segment)
- SEBI / RHP Document: Available via SEBI filing portals
- tredingmarket.com
The Taurian MPS Ltd IPO offers a compelling proposition for investors seeking exposure to engineering equipment manufacturing. With a reasonable P/E (~11×), strong FY growth, strategic R&D investments, and global distribution reach, it’s an attractive SME play. That said, investors should be mindful of SME market liquidity, profit cyclicality (FY25 dip), and heavy capex requirements. If you’re comfortable with SME sector dynamics and looking for industrial growth levers, this IPO merits a spot on your watch list.