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Taurian MPS IPO subscribed over 0.89x on day 2

Taurian MPS IPO subscribed over 0.89x on day 2

Taurian MPS IPO Subscription Status

Taurian MPS IPO was subscribed 0.89 times overall by 5:00 PM on 10 September 2025, the second day of bidding.

  • Qualified Institutional Buyers (QIB): 0.00x
  • Non-Institutional Investors (NII): 0.54x
  • Retail Individual Investors (RII): 1.55x

The company received bids for 13,66,400 shares against the total issue size of 15,32,800 shares on Day 2.
Day-wise subscription trend shows steady interest:

  • Day 2: 0.89x
  • Day 1: 0.68x

Company Overview

Taurian MPS Limited, founded in 2010, is a leading engineering and manufacturing firm specializing in crushing, screening, and washing plants, as well as spare parts and complete industrial solutions.

Its wide product range includes:

  • Crushing and Screening Plants
  • Washing Plants
  • Hybrid Track Crushers (Terra Track Series)
  • Modular Swift Series and Wheeler Series Equipment

These products cater to diverse sectors such as mining, construction, food processing, recycling, and waste management.
The company manufactures CE-certified crushers capable of handling up to 1,200 TPH (tonnes per hour), meeting stringent international quality standards.

Operations & Presence

Taurian MPS operates a 64,773 sq. ft. manufacturing facility in Roorkee, Uttarakhand, equipped with advanced processing systems and a robust after-sales service network.

  • Domestic Reach: Presence across 15+ Indian states, serving both public and private sector clients.
  • International Footprint: Global expansion with dealers in the Gulf, Caribbean, and USA, along with sales in Mexico, Tanzania, and Jamaica.
  • Human Capital: Employs 94 skilled professionals as of 31 January 2025, covering engineering, production, and customer service.

Financial Performance

The company has delivered significant top-line growth:

  • Revenue: ₹73.70 crores in FY 2025 vs. ₹44.17 crores in FY 2024 (a robust ~67% increase).
  • Net Profit: ₹9.50 crores in FY 2025 vs. ₹11.32 crores in FY 2024 (a slight dip due to higher input costs and expansion-related expenses).

Management continues to focus on operational efficiency, R&D, and scaling production to meet rising domestic and global demand.

IPO Grey Market Premium (GMP)

As of Wednesday, 10 September 2025, the grey market premium (GMP) stood at ₹12 per share, indicating that the IPO was trading at ₹183, a ₹12 premium over the issue price of ₹171.
This positive GMP suggests moderate investor optimism ahead of listing.

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