Taurian MPS Limited, a company focused on revolutionising the mining industry with innovation and sustainability, has launched its Initial Public Offering (IPO) worth ₹42.53 crore, consisting entirely of a fresh issue of 24.87 lakh equity shares. The subscription for the IPO is open from September 9, 2025, to September 11, 2025.

The IPO price band is fixed between ₹162 and ₹171 per share, with a minimum lot size of 800 shares. Retail investors must subscribe for at least 2 lots (1,600 shares), which amounts to a minimum investment of ₹2,73,600. At the upper price band of ₹171, the company’s market capitalisation will be around ₹151.90 crore.

The IPO allotment date is set for September 12, 2025, and the company’s shares are expected to list on the NSE SME platform on September 16, 2025. The registrar for the IPO is Bigshare Services Pvt Ltd, while Gretex Corporate Services Ltd is acting as the book running lead manager. Gretex Share Broking Ltd will serve as the market maker.

Ahead of the IPO, Taurian MPS raised ₹11.20 crore from anchor investors at ₹171 per share by allocating 6,55,200 equity shares.

The company, backed by over two decades of industry expertise, positions itself as a global leader in mining solutions, delivering cutting-edge technology, expert insights, and comprehensive services. Its mission is to empower miners to meet the growing demands of modern industries while enhancing operational efficiency and ensuring sustainability.

The overall leadership and operations are spearheaded by Mr. Yashvardhan Sumit Bajla, the company’s promoter, who leverages his deep industry knowledge to guide the firm’s expansion into new markets and strengthen its customer base.

Financially, the company has demonstrated robust growth in recent years. Revenues grew from ₹1,086.26 lakh in FY23 to ₹4,417.40 lakh in FY24, and further to ₹7,369.76 lakh in FY25. EBITDA increased from ₹228.34 lakh in FY23 to ₹1,472.10 lakh in FY24, and reached ₹1,525.20 lakh in FY25. Profit after tax (PAT) surged from ₹22.31 lakh in FY23 to ₹1,131.92 lakh in FY24, before moderating slightly to ₹949.73 lakh in FY25.

The pre-issue EPS for FY24 is ₹15.14, while the post-issue EPS is estimated at ₹10.69. The pre-issue P/E ratio is 11.29x, and the post-issue P/E ratio stands at 15.9x. The company’s ROCE for FY24 was 31.64%, ROE stood at 35.44%, and RoNW was 27.69%, indicating strong return ratios. Analysts note that the IPO appears fairly priced.

The company intends to utilise the IPO proceeds for the following objectives:

1. ₹606.74 lakh for acquisition of machineries and equipment at its existing production facility.

2. ₹195.48 lakh for acquisition of equipment for Research and Development (R&D) to drive innovation.

3. ₹6,706.29 lakh to meet working capital requirements.

4. Remaining funds for general corporate purposes.

The Grey Market Premium (GMP) of Taurian MPS IPO currently stands at ₹0, suggesting no expected listing gains at this point. This indicates that demand in the unofficial grey market is weak.

While Taurian MPS has reported impressive financial growth and strong return ratios, the absence of GMP and high minimum investment requirement make it less attractive for short-term listing gains. Analysts recommend investors to avoid subscribing solely for listing gains, though long-term investors may consider it based on the company’s growth trajectory and sectoral opportunities.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

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