Taurian MPS IPO opens for subscription. Check GMP, price band and other details

Taurian MPS, a manufacturer of crushing and screening equipment for the mining and construction sector, launched its IPO on Tuesday, aiming to raise Rs 42 crore from the market. The issue will close on Thursday and is scheduled to list on the NSE SME platform on September 16. The IPO is a completely fresh issue of 24.87 lakh shares, aggregating to Rs 42.53 crore. The price band has been set at Rs 162–171 per share, with a face value of Rs 10.

IPO details and subscription structure

Investors can bid in lots of 1,600 shares, requiring a minimum investment of Rs 2.73 lakh for retail applicants. In the unlisted market, Taurian MPS is commanding a GMP of around Rs 15, or about 9% above the upper price band.


If this sentiment sustains, the stock may list around Rs 186 against the issue price of Rs 171. Analysts, however, caution that GMP trends are only indicative and often change once actual demand in the subscription window is visible.

Company background

Taurian MPS manufactures a wide range of equipment under the “Taurian” brand, including jaw crushers, cone crushers, VSI crushers, vibrating screens, washing systems, and complete crushing plants.

Its focus on “Make in India” production and stringent quality norms has helped it build a presence across multiple states such as Rajasthan, Maharashtra, Gujarat, Odisha, and Karnataka, as well as appoint dealers in key markets.

Financial performance

The company’s revenue surged 67% to Rs 73.7 crore in FY25, compared to Rs 44.17 crore in FY24. However, profit after tax slipped 16% year-on-year to Rs 9.5 crore, from Rs 11.3 crore, due to rising expenses.

IPO proceeds

Net proceeds from the IPO will be used to acquire machinery and equipment at the existing production facility (Rs 6.07 crore), strengthen R&D capabilities (Rs 1.95 crore), meet working capital requirements (Rs 22.6 crore), and for general corporate purposes.

Outlook

With robust order books from the mining and construction sectors and a niche presence in heavy equipment manufacturing, Taurian MPS is seeking to expand capacity and product innovation. Investors are watching whether the company can sustain profitability and build scale in a competitive industry.

Gretex Corporate Services is the book-running lead manager, while Bigshare Services is the registrar. Gretex Share Broking and NNM Securities are acting as market makers.

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