Taurian MPS IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 8 Sept.2025 |
| IPO Closes on | 10 Sept 2025 |
| Allotment on | 11 Sept 2025 |
| Credit of shares on | 12 Sept 2025 |
| Tentative Listing on | 15 Sept 2025 |
Taurian MPS IPO Condenses Verdict
Taurian MPS has demonstrated robust scale-up in revenues, backed by strong demand for crushing and screening equipment. However, working capital stress in the form of heavy inventory and receivables remains a negative. Profitability needs to stabilize at higher levels for sustained growth.
The IPO offers exposure to India’s infrastructure and mining equipment story, but investors must weigh the growth potential vs. liquidity pressure in operations.
Final Subscription Tally
| Size Rs. Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| Subscription Review: |
||||
About Taurian MPS
Incorporated in June 2010, Taurian MPS Ltd. is engaged in the manufacturing and supply of crushing and screening equipment for the mining and construction sectors. The company focuses on delivering high-quality, innovative machinery designed for challenging terrains, with emphasis on precision, performance and customer service.
Its product portfolio, marketed under the “Taurian” brand, includes jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems and complete crushing plants, aligned with the government’s “Make in India” initiative.
Taurian MPS operates from a 64,773 sq. ft. manufacturing unit near Bhagwanpur, Roorkee, Haridwar, equipped with advanced processing facilities and a strong quality-control framework, ensuring rigorous testing of raw materials and finished products.
The company supplies its equipment across multiple states including Uttarakhand, Karnataka, Chhattisgarh, Himachal Pradesh, Delhi, Haryana, Ladakh, Andhra Pradesh, Rajasthan, Gujarat, Maharashtra, Odisha and West Bengal, and has appointed dedicated dealers in Maharashtra and Chhattisgarh (Raipur).
As of 31 July 2025, the company had 94 employees on its payroll.
Taurian MPS IPO Details
|
Sector: |
|
| IPO opens on | 8 Sept 2025 |
| IPO closes on | 10 Spet 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 24,87,200 Shares / Rs 42.53 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 299,200 Shares |
| Net offer to Public | 21,88,200 Shares Rs. 37.41 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 162-171 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not Less than 15% of the Net Issue |
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | 2 | 1,600 | 2,73,600 |
| Retail (Max) | 2 | 1,600 | 2,73,600 |
| S-HNI (Min) | 3 | 2,400 | 4,10,400 |
| S-HNI (Max) | 7 | 5,600 | 9,57,600 |
| B-HNI (Min) | 8 | 6,400 | 10,94,400 |
Who are the Promoters of Taurian MPS IPO?
The promoters hold 88.61% of the pre-IPO capital
What are the Objects of Taurian MPS IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Acquisition of machineries and equipment’s at existing production facility Rs. 60.70Crore
+Acquisition of equipment’s to improve the Research and Development facilities to promote innovation Rs. 1.95 Crore
+To meet Working Capital Requirements Rs. 22.60 Crore
+General Corporate purposes
Taurian MPS IPO Lead Managers
Gretex Corporate Services ltd
| Registered Office of the Company |
| Taurian MPS Ltd. Office Premises No. 201-C, A Wing, Poonam Chambers, ShivsagarEstate, Dr. Annie Basant Road, Worli, Mumbai, Maharashtra, 400018 Email: info@taurianmps.com |
| Who is the Registrar to the IPO? Bigshare Services Pvt ltd |
Taurian MPS Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 73.17 | 39.12 | 28.67 |
| Total Income | 73.7 | 44.17 | 10.86 |
| Profit After Tax | 9.5 | 11.32 | 0.22 |
| EBITDA | 15.08 | 8.14 | 2.25 |
| Net Worth | 34.3 | 19.29 | 7.98 |
| Reserves and Surplus | 27.9 | 13.29 | 1.98 |
| Total Borrowing | 9.11 | 7.17 | 14.14 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 35.44% |
| ROCE | 31.64% |
| Debt/Equity | 0.27 |
| RoNW | 27.69% |
| PAT Margin | 12.92% |
| EBITDA Margin | 20.51% |
| Price to Book Value | 3.19 |
| EPS | 15.14 |
| PE R | 11.29 |
How Taurian MPS IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Taurian MPS Limited | 27.69 | |
| Mcnally Bharat | -0.04 | 29.12 |
#
Taurian MPS IPO Review
by Paresh Gordhandas, CA & Research Analyst
Business Background
Incorporated in June 2010, Taurian MPS Ltd. manufactures and supplies crushing and screening equipment for mining and construction. Its portfolio includes jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems and complete crushing plants, marketed under the “Taurian” brand. The company emphasizes precision, performance and customer service, while aligning with the government’s “Make in India” initiative.
It operates from a 64,773 sq. ft. facility at Bhagwanpur, Roorkee (Haridwar), with modern processing capabilities and strict quality checks. Its products are sold across 15+ states including Uttarakhand, Karnataka, Chhattisgarh, Himachal Pradesh, Delhi, Gujarat, Maharashtra, Odisha, Rajasthan and West Bengal, supported by dealer networks in Maharashtra and Chhattisgarh. As of July 31, 2025, the company employed 94 people.
Financial Performance (Rs. crore)
| Period Ended | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 |
|---|---|---|---|
| Total Income | 10.86 | 44.17 | 73.70 |
| EBITDA | 2.25 | 8.14 | 15.08 |
| PAT | 0.22 | 11.32 | 9.50 |
| Net Worth | 7.98 | 19.29 | 34.30 |
| Assets | 28.67 | 39.12 | 73.17 |
| Borrowings | 14.14 | 7.17 | 9.11 |
✔ Strong revenue growth from Rs. 10.86 crore in FY23 to Rs. 73.7 crore in FY25.
✔ EBITDA margin improved significantly.
✔ Net worth more than quadrupled in two years.
⚠ Concerns:
-
High inventory (Rs. 25.83 cr) and trade receivables (Rs. 30.28 cr) compared to average monthly revenue of Rs. 6.12 cr, indicating stretched working capital.
-
Profitability moderated in FY25 (PAT Rs. 9.5 cr vs Rs. 11.32 cr in FY24).
-
Borrowings have reduced but still present (Rs. 9.11 cr).
Chanakya Verdict
Taurian MPS has demonstrated robust scale-up in revenues, backed by strong demand for crushing and screening equipment. However, working capital stress in the form of heavy inventory and receivables remains a negative. Profitability needs to stabilize at higher levels for sustained growth.
The IPO offers exposure to India’s infrastructure and mining equipment story, but investors must weigh the growth potential vs. liquidity pressure in operations.
The IPO opens on 8 September 2025 and closes on 10 September 2025. Allotment will be finalized on 11 September 2025, and the tentative listing date on NSE SME is 15 September 2025.The ANB Metal Cast IPO is a book-built issue of 32.00 lakh fresh shares.
The price band is fixed at Rs. 162 – Rs. 171 per share. The lot size is 800 shares. Retail investors need to apply with a minimum of 2 lots (1,600 shares) requiring Rs. 2,73,600 at the upper price. For HNIs, the minimum application is 3 lots (2,400 shares) requiring Rs. 4,10,400.The IPO opens on August 8, 2025, and closes on August 12, 2025.
Strengths include strong revenue growth, diversified product portfolio and pan-India presence. Risks include high working capital stress (large receivables & inventory) and a decline in PAT in FY25 compared to FY24.
Taurian MPS has shown robust growth in revenues and operates in the infrastructure and mining equipment space, which has long-term demand. However, the working capital issues and moderated profit need caution. The IPO may be considered by investors with a higher risk appetite and long-term view, while conservative investors may wait for performance stabilization post-listing.
Quicklinks
- Market Analysis by Nagaraj Shetti
- Stock Market today by Vaishali Parekh
- Analysis by Kotak Securities
- Market Analysis by HDFC Securities
- Technical Analysis by Kotak Securities
- Technical Analysis by Samco Securities
- Reliance, Target & Stoploss
- Gold Analysis
- FII buy-Sell
- Technical Analysis
- Calls for the Day
- Currency Analysis
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
