Engineering and manufacturing company Taurian MPS is set to enter the capital markets next week with its first public issue, opening for subscription on September 8, 2025. The offer will close on September 10, with a price band fixed at Rs 162–171 per share.
The anchor book for institutional investors will open on September 4, while the IPO allotment is expected to be finalized by September 11. Trading of equity shares on NSE Emerge will commence from September 15.
The IPO comprises a fully fresh issue of 24,87,200 equity shares, targeting total proceeds of Rs 42.53 crore. Funds raised will be used for the acquisition of machinery and equipment, working capital requirements, and other general corporate purposes.
About Taurian MPS
Taurian MPS operates a manufacturing unit in Uttarakhand and provides spare parts and machinery such as crushing & screening plants and washing plants for the construction and mining sectors. The company also offers services and maintenance support for its equipment.
Financial Performance
For the fiscal year 2025, Taurian MPS reported revenue of Rs 73.5 crore, marking a sharp 95.6% growth from Rs 37.6 crore in the previous year. However, its profit declined by 16.1% to Rs 9.5 crore, down from Rs 11.3 crore, impacted by lower other income.
IPO Advisors
The IPO is being managed by Gretex Corporate Services as the merchant banker, while Bigshare Services is acting as the registrar.
This IPO marks Taurian MPS’s strategic move to strengthen operations, expand manufacturing capacity, and support its working capital needs.
