Mumbai, April 1 -- The scrip listed at Rs 89.25, a 0.28% premium to the issue price. The stock is currently hovering near its listing price. The stock touched a high of Rs 90 and a low of Rs 84.81, with around 10.46 lakh shares changing hands on the counter.

Tipco Engineering India's IPO was subscribed 1.56 times. The issue opened for bidding on 23 March 2026 and it closed on 25 March 2026. The price band of the IPO was fixed between Rs 84 to 89 per share.

The IPO comprised a fresh issue of 54,48,000 shares and an offer for sale (OFS) of 13,55,200 shares by existing shareholders.

The company intends to utilize the net proceeds for repayment of all or certain of borrowings availed of by company, working capital Requirement of the compan...