Taurian MPS to raise ₹43 cr via IPO

Taurian MPS, an engineering and manufacturing company with a focus on the construction and mining sectors, plans to raise ₹43 crore through initial public offering on NSE Emerge.

The company will issue 24.87 lakh equity shares in a price band of ₹162 – ₹171 per share.

The net proceeds from the IPO will be used for acquisition of machineries and equipment at existing production facility, invest in Research and Development to promote innovation, to meet working capital requirements and general corporate purpose.

The anchor portion will open on Thursday and IPO for other investors will be on Monday.

Gretex Corporate Services will be the lead manager and underwriter to the issue while Gretex Share Broking has been appointed as the market maker and underwriter to the issue. NNM Securities will be the additional market maker while Bigshare Services will be the registrar.

Yashvardhan Sumit Bajla, Managing Director, Taurian said the company has always focused on building innovative solutions for the mining and infrastructure industries.

Over the years, the company has introduced advanced crushing, screening, washing and conveying systems, including hybrid mobile crushers and the recently launched Taurian Nexus automation platform, he said.

Alok Harlalka, Director, Gretex Corporate Services said the company has established itself in the mining and infrastructure equipment space with a diverse portfolio of crushing, screening, washing and conveying systems.

The company is well-positioned to capture the steady growth in the mining and construction equipment industry through its innovation-driven approach and expanding presence in domestic and international markets, he added.

Published on September 3, 2025