New Delhi, March 27 -- Tipco Engineering IPO allotment: The allotment for Tipco Engineering's initial public offering (IPO) is all set to be finalised on Friday, March 27. The SME IPO was open for subscription from March 23 to March 25.

Investors who placed their bid can check their allotment status today. Meanwhile, the shares of Tipco Engineering will list on BSE SME on April 1.

Once the basis of share allotment is fixed, the company will then credit the equity shares into the demat accounts of eligible allotment holders and initiate refunds to unsuccessful bidders on March 30.

Tipco Engineering India IPO was subscribed 1.5 times overall. By the end of day 3, the issue saw 0.57 times subscription in the retail individual investors se...