Taurian MPS Engineering IPO Sees Tepid Response on Day 1; HNIs Drive Demand

Mumbai, September 9, 2025: The Taurian MPS Limited SME IPO saw a subdued opening on Day 1, with the bids primarily led by non-institutional investors. Until 16:44 hrs, the issue was subscribed 0.55 times, with applications for 10.13 lakh shares received against the 18.32 lakh shares offered in the public offering.

Founded in 2010 and having its headquarters in Mumbai, Taurian MPS Limited is an engineering and manufacturing firm involved in the construction of crushing and screening plants, washing plants, and spares. Having a 64,773 sq. ft. plant in Roorkee, Uttarakhand, the company serves the minerals, metal, construction, food processing, and waste management industries. Having a presence in over 15 Indian states, Taurian has also penetrated internationally, serving the Gulf, Caribbean, and the USA.

Day 1 Subscription Status (as on 09-Sep-2025, 16:44 hrs)

On the first day of bidding, the issue witnessed participation from primarily retail and non-institutional investors. At the same time, the Qualified Institutional Buyers (QIBs) segment did not show any activity, with no applications being made by FIIs, domestic institutions, banks, insurers, or mutual funds.

The Non-Institutional Investor (NII) category saw 40 applications, and bids were received for 2,55,200 shares. In this, the bigger ticket size segment (above ₹10 lakh) attracted four applications, including one corporate bid for 1,49,600 shares and three retail bids for 19,200 shares. The middle-sized segment (₹2–10 lakh) saw 36 applications, all retail, aggregating 86,400 shares.

Retail subscription was better, with 474 bids for a combined total of 7,58,400 shares, demonstrating good interest among small investors. As a whole, the IPO saw 514 bids on Day 1, for a combined total of 10,13,600 shares.

Key Takeaways

• Retail investors were responsible for most of the participation, with 7.58 lakh shares bid.
• HNIs (NIIs) participated in good numbers, dominated by corporates and a few individual applications, for a combined total of 2.55 lakh shares.
• QIB quota (ex-Anchor) received no bids on Day 1 from domestic institutions or mutual funds, resulting in it being left unbid.

Two days are remaining for bidding, and market observers will be looking at institutional buying and sustained retail buying to assess the final subscription levels of the ₹42 crore IPO that is priced at ₹162-₹171 per share.

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations