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Taurian MPS Limited, a leading manufacturer in the crushing and screening equipment sector, has opened its Initial Public Offering (IPO) for subscription from September 9 to September 11, 2025. This SME IPO seeks to raise approximately ₹42.53 crore through a fresh issue of 24.87 lakh equity shares. The IPO will be listed on the NSE SME platform, making it an attractive proposition for investors eyeing opportunities in the engineering and manufacturing sectors.
IPO Details And Pricing Structure
The offer price band has been fixed between ₹162 and ₹171 per equity share with a face value of ₹10 per share
Investors can subscribe in lots of 800 shares, with a minimum investment of roughly ₹1.36 lakh for each lot, and a minimum retail investor allocation of 1600 shares requiring an investment of about ₹2.73 lakh
The IPO does not include any offer for sale; it is a fresh issue aimed at capital raising for business expansion and operational purposes
The allotment date is scheduled for September 12, 2025, with refunds on September 15 and tentative listing on September 16, 2025
Grey Market Premium And Market Sentiment
Taurian MPS is attracting positive sentiment in the grey market with a grey market premium (GMP) currently estimated around ₹15 above the upper price band, reflecting approximately 9% premium
The GMP indicates robust demand and investor confidence ahead of the official listing, signaling potential listing gains
Investors are advised to consider fundamentals and not rely solely on GMP for subscription decisions, as premiums can fluctuate before listing
Company Overview And Financial Health
Since its inception in June 2010, Taurian MPS has established a strong foothold in manufacturing and distributing high-performance crushing and screening equipment primarily used in mining and construction
The company reported remarkable revenue growth from ₹10.83 crore in FY2023 to ₹73.53 crore in FY2025, reflecting aggressive expansion and market acceptance
Profit after tax showed a positive trajectory with ₹9.5 crore in FY2025, despite slight fluctuations in margins typical to the industry
Taurian MPS maintains a respectable balance sheet with a reduced debt-to-equity ratio and steady return ratios, indicating improving financial stability
Use Of IPO Proceeds
Funds raised through this IPO will be primarily allocated for acquisition of machinery and equipment at existing production facilities
Investments in research and development to foster innovation and introduce new product lines are a critical focus area
Working capital requirements and general corporate purposes will also be supported to enhance operational efficiency and growth capacity
Investment Considerations And Risks
Taurian MPS operates in a cyclical industry sensitive to economic slowdowns and infrastructure spending patterns, potentially impacting future revenues
The company faces competition from established domestic and international players in the manufacturing equipment sector requiring continuous innovation
Market volatility, regulatory changes, and raw material cost fluctuations may affect profitability and stock performance post listing
Investors should evaluate the company’s growth prospects against industry risks and consider their risk appetite carefully
Subscription Process And Investor Guidance
Investors can apply for the IPO through the ASBA facility via banks’ net banking, UPI platforms, or trading accounts linked with registered intermediaries before the closing deadline
It is essential to review the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) available on the company’s website and stock exchange portals for comprehensive understanding
Monitoring live subscription updates and allotment status on the registrar’s website, Bigshare Services Pvt Ltd, will aid investors in tracking their application progress
Conclusion
The Taurian MPS IPO presents a compelling entry point into India's industrial equipment manufacturing sector, backed by impressive growth and promising fundamentals. With a healthy grey market premium and planned strategic investments, the company looks poised for expansion. Prospective investors should take an informed approach by balancing growth potential with market risks as the subscription window remains open.
Sources: Economic Times, IPOWatch.in, InvestorGain, Goodreturns, IPO Central
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