NSE SME IPO of Taurian MPS ends with 9.94 times subscription

The initial public offer (IPO) of Taurian MPS received bids for 1,82,24,000 shares as against 18,32,000 shares on offer. The issue was subscribed 9.94 times. Qualified Institutional Buyers (QIBs) bid for 69,40,000 shares, Non-Institutional Investors (NIIs) for 47,56,800 shares, while individual investors (IND category bidding for 2 lots) placed bids for 52,59,200 shares. The issue opened for bidding on Tuesday (9 September 2025) and it closed on 11 September 2025. The price band of the IPO is fixed between Rs 162 to 171 per share. The equity shares will list on NSE’s SME platform. The IPO comprised a fresh issue of 24,87,200 shares. The net issue comprised 21,88,000 equity shares. The company intends to utilize the net proceeds for the acquisition of machinery and equipment at the existing production facility, the acquisition of equipment under research and development to promote innovation, working capital requirements, and general corporate purposes. Ahead of the IPO, Taurian MPS, on 8 September 2025, raised Rs 11.20 crore from anchor investors. The board allotted 6.55 lakh shares at Rs 171 per share to 6 anchor investors. Taurian MPS is a leading manufacturer and supplier of crushing and screening equipment for the mining and construction sectors. Renowned for high-quality and innovative machinery, it delivers robust solutions tailored for challenging terrains, with a strong focus on precision engineering, performance, and customer satisfaction. Marketed under the "Taurian" brand, its "Made in India" product portfolio includes jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems, and complete crushing and screening plants—all engineered for demanding applications and supported by reliable after-sales service. The company operates a 64,773 sq. ft. manufacturing facility near Bhagwanpur, Roorkee, Haridwar, equipped with advanced machinery and skilled personnel. It maintains strict quality control using methodologies like FMEA (Failure Mode and Effects Analysis) and APQP (Advanced Product Quality Planning), ensuring the highest standards from raw materials to finished goods. Its market presence spans across 18 states, including Rajasthan, Maharashtra, Gujarat, Karnataka, Andhra Pradesh, and West Bengal, with authorized dealers in Maharashtra and Raipur, Chhattisgarh, to strengthen distribution. As of 31 July 2025, the company employed 94 professionals across functions such as manufacturing, engineering, quality assurance, and customer service. The company recorded revenue from operations of Rs 73.52 crore and a net profit of Rs 9.49 crore for the period ended 31 March 2025.