In September 2025, the Indian SME IPO market continues to attract investors’ attention with niche businesses tapping into growth opportunities. Among the upcoming issues, Taurian MPS Limited is launching its IPO on September 9, 2025, offering investors exposure to India’s expanding construction and mining equipment sector.
Here’s a detailed look into Taurian MPS IPO and it’s broader industry outlook.
About Taurian MPS Ltd.
Incorporated in 2010, Taurian MPS Limited manufactures and supplies crushing and screening equipment under the Taurian brand. Its portfolio includes jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems, and complete crushing plants designed for tough terrains.
The company operates a 64,773 sq. ft. manufacturing facility near Roorkee, Haridwar. With advanced machinery, quality testing, and experienced staff, Taurian MPS emphasises precision, innovation, and reliability.
Its sales network spans multiple Indian states, including Maharashtra, Rajasthan, Karnataka, Chhattisgarh, and Odisha, along with dealer networks in key regions. As of July 31, 2025, Taurian MPS employed 94 staff members.
Promoters: Mr. Yashvardhan Sumit Bajla, Ms. Puja Sumit Bajla, M/s Palss Properties Pvt. Ltd., M/s Castelos Parts Pvt. Ltd., and M/s Danta Resins Pvt. Ltd.
Taurian MPS IPO Details
| IPO Date | September 9, 2025, to September 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹162 to ₹171 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,87,200 shares (aggregating up to ₹42.53 Cr) |
| Reserved for Market Maker | 2,99,200 shares (aggregating up to ₹5.12 Cr) Gretex Share Broking Pvt.Ltd. NNM Securities Pvt.Ltd. |
| Net Offered to Public | 21,88,000 shares (aggregating up to ₹37.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 63,96,000 shares |
| Share Holding Post Issue | 88,83,200 shares |
Important IPO Timeline
| IPO Open Date | Tue, Sep 9, 2025 |
| IPO Close Date | Thu, Sep 11, 2025 |
| Tentative Allotment | Fri, Sep 12, 2025 |
| Initiation of Refunds | Mon, Sep 15, 2025 |
| Credit of Shares to Demat | Mon, Sep 15, 2025 |
| Tentative Listing Date | Tue, Sep 16, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2025 |
IPO Reservation
| 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 |
Lot Size of Taurian MPS IPO
| Application | Lots | Shares | Amount |
| 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 |
Taurian MPS Ltd. Financials
The market capitalisation of Taurian MPS IPO is ₹151.90 Cr.
Key Ratios & Indicators (FY25):
| KPI | Value |
| ROE | 35.44% |
| ROCE | 31.64% |
| RoNW | 27.69% |
| Debt/Equity | 0.27 |
| PAT Margin | 12.92% |
| EBITDA Margin | 20.51% |
| Price to Book | 3.19 |
| EPS (Pre IPO) | ₹15.14 |
| P/E (Pre IPO) | 11.29x |
Key Company Financials (₹ in Cr):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 73.17 | 39.12 | 28.67 |
| Total Income | 73.70 | 44.17 | 10.86 |
| Profit After Tax | 9.50 | 11.32 | 0.22 |
| EBITDA | 15.08 | 8.14 | 2.25 |
| Net Worth | 34.30 | 19.29 | 7.98 |
| Reserves & Surplus | 27.90 | 13.29 | 1.98 |
| Total Borrowing | 9.11 | 7.17 | 14.14 |
Promoter Holding:
- Pre-Issue: 88.61%
- Post-Issue: NA
Objects of the Issue
| Purpose | Amount (₹ Cr) |
| Acquisition of machinery & equipment at the existing production facility | 6.07 |
| Acquisition of equipment to improve R&D facilities | 1.95 |
| Working capital requirements | 22.60 |
| General corporate purposes | Balance |
Taurian MPS Ltd.: Industry Outlook
- India’s construction and mining sector is projected to grow steadily, driven by infrastructure investments and mining expansion.
- Government’s National Infrastructure Pipeline (NIP) and demand for aggregates in road building, real estate, and railways support strong industry growth.
- Increasing emphasis on “Make in India” manufacturing favors domestic producers like Taurian MPS.
- Focus on quality control, innovation, and durable equipment strengthens competitiveness in a fragmented market.
Conclusion
Taurian MPS Ltd. offers an interesting IPO in the construction and mining equipment space, backed by an established brand, diversified customer base, and expanding product portfolio. Its financials show healthy revenue growth, though profits in FY25 dipped compared to FY24.
Investors should weigh the valuation, SME liquidity constraints, and sector cyclicality before applying. Those seeking exposure to India’s infrastructure-driven growth theme may consider Taurian MPS IPO as a high-risk, high-reward opportunity.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
