Taurian MPS shares listed at about 23 percent over its IPO price on September 16, following over 11 times subscription to its Rs 45.23-crore issue in the primary market between September 9 - 11.
Shares of engineering and manufacturing company Taurian MPS listed on the Emerge platform of the NSE at Rs 210 per share on the NSE, up 22.81 percent from its issue price. The company had set a price band of Rs 162-171 per share. The company's total market capitalization post listing of shares stood at Rs 195.87 crore on the NSE.
The IPO funds will be used for acquisition of machineries and equipments, working capital requirements, and general corporate purposes.
Taurian MPS offers spare parts and machineries such as crushing and screening plants, and washing plants (for construction, and mining sectors), as well as provides services and maintenance, with a manufacturing unit in Uttarakhand.
The company has recorded subdued bottomline numbers, falling 16.1 percent to Rs 9.5 crore in the fiscal 2025, down from Rs 11.3 crore in the previous year impacted by lower other income. Revenue during the same period grew sharply by 95.6 percent to Rs 73.5 crore, up from Rs 37.6 crore.
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