Taurian MPS IPO

About Taurian MPS IPO

A 100% book-built issue, the IPO of Taurian MPS Ltd comprises a fresh issue of up to 23,40,000 equity shares of face value of ₹10 each. There’s no offer for sale.

Objectives of Taurian MPS IPO

• Acquisition of machineries and equipment at existing production facility
• Acquisition of equipment under Research and Development to promote innovation
• Working capital requirements
• General corporate purposes

Industry Outlook

Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables.

The Indian manufacturing industry generated 16-17% of India’s GDP pre-pandemic and is projected to be one of the fastest growing sectors. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025-26.

Company Information

Taurian MPS Ltd is one of the growing engineering and manufacturing companies. The business initially began with a focus on sand, aggregates and spare parts, catering to industries such as construction, mining, and aggregates that required these materials for various applications. Over time, the company expanded its product offerings and diversified into the supply of machines and spare parts.

Risks of Taurian MPS IPO

• Dependence on Customer Retention and Irregular Business Frequency

The company’s business model, as an integrated solutions provider of crushing and screening crushing and screening plants, washing plants and spare parts equipment catering to the mining and construction industry, food processing industry and waste management industry in India and internationally, depends significantly on retaining existing customers and acquiring new ones. This irregularity in customer engagement limits its ability to maintain consistent recurring revenue from a particular customer.

• The Company is Dependent on Few Suppliers for Purchase of Product

The company can’t assure that it will be able to get the same quantum and quality of supplies, or any supplies at all, and the loss of supplies from one or more of them may adversely affect its purchases of stock and ultimately its revenue and results of operations. However, the composition and amount of purchase from these suppliers might change as it continues to seek new suppliers for its product for better quality and price in the normal course of business.

• Strict Quality Requirements

All its standard as well as tailor-made products and manufacturing processes are subject to stringent quality standards and specifications. Any failure on the company’s part to maintain the applicable standards and manufacture products according to prescribed specifications, may lead to loss of reputation and goodwill of the company, cancellation of orders and even lead to loss of customers.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services Pvt Ltd
• Book Running Lead Manager: Gretex Corporate Services Ltd

Business Model

Offering supply of machines and spare parts, the company’s product range includes various plants under the category of crushing and screening plants, washing plants and spare parts. Additionally, the company provides customised solutions where it undertakes specific tasks such as fabricating parts, assembling machinery, and performing specialised operations based on customer requirements.

Company Growth Trajectory

The EBITDA margin of Taurian MPS Ltd grew from (13.87) % in FY 22 to 21.65% in FY 24. Its PAT margin recorded a growth from (60.60) % in FY 22 to 30.11% in FY 24.

Market Position

Over the past 14 years, Taurian MPS Ltd has grown its presence in several states, including Uttarakhand, Karnataka, Chhattisgarh, Himachal Pradesh, Delhi, Haryana, Ladakh, Andhra Pradesh, Meghalaya, Rajasthan, Madhya Pradesh, Uttar Pradesh, Jharkhand, Jammu & Kashmir, Gujarat, Maharashtra, Odisha, and West Bengal and also appointed dealers in Maharashtra and Raipur, Chhattisgarh.

In December 2024, it successfully expanded its dealership network by establishing a presence in the states of Assam and Nepal. The company has also expanded its international presence by appointing three dealers to represent it in the Gulf region, the Caribbean, and the USA.

How to Check Allotment Status of Taurian MPS IPO?

Visit the Registrar’s Website

Visit the official website of Bigshare Services Pvt Ltd and choose ‘IPO Allotment Status’ from ‘Solutions’. Click on any one of the servers, choose the company name from the dropdown and input either your application number, beneficiary ID or PAN number. Enter captcha and click on ‘Search’ to know the allotment status.

Verify on the National Stock Exchange Website The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Taurian MPS Ltd IPO. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN
• Then click 'Submit' to know the allotment status.

How to Apply for Taurian MPS IPO

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.