Tankup Engineers IPO
Open SmeCurrent GMP
₹8 (+5.71%)
Price Band
₹ 133 – 140
Lot Size
1000
Issue Size
₹19.53 Cr
Minimum Investment
₹280000 (2000 Shares)
Listing Date
30 April 2025
Subscription
124.75x
About the Company
Tankup Engineers Limited specializes in manufacturing specialized vehicle superstructures for complex mobility and storage solutions. These include large tanks and container systems used to transport and store liquids, gases, and solids, often customized based on client requirements. The company serves various industries including petroleum, mining, infrastructure, and defence.
Key Products:
- Mobile Refuellers
- Water Sprinklers
- Mobile Service Vans
- Explosive Vans
- Tank Trucks
- Blasting Shelters
These are tailored to operate in remote or logistically challenging locations, facilitating the transport and dispensing of fuel, water, explosives, and other materials.
Technological Integration: Their mobile refuellers feature IoT-enabled modules, including dispensing units, GPS, and lock systems to allow controlled and secure distribution of fuel directly to equipment and vehicles.
Expansion Areas:
- Defence Sector: Orders from the Ministry of Defence for specialized vehicles and refuellers.
- Aviation Sector: Developed and supplied ground support equipment for commercial airlines and participated in tenders for airport ground handling equipment.
Facilities & Certifications:
- Manufacturing facility located at Goyala Industrial Area, Lucknow, on a 2665 sq. m. plot.
- Certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018.
- Recognized by PESO and awarded MSME ZED (Zero Defect Zero Effect) certification.
Additional Services:
- Fabrication of mobile service vans/workshop containers
- Fabrication of stainless steel assemblies
- Repair and reconditioning services for mobility/storage systems
Promoters:
- Govind Prasad Lath (20 years of experience)
- Gaurav Lath (17 years)
- Pankhuri Lath (10 years)
- Corporate Promoter: Tank-up Petro Ventures LLP
Let me know if you'd like this formatted as a company profile or investor pitch!
Promoters
- Govind Prasad Lath
- Gaurav Lath
- Pankhuri Lath
- Tank-Up Petro Ventures LLP
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.65%
Objects of the Issue
Company intend to utilize the proceeds of the Issue to meet the following objects: -
- Repayment in full or in part, of certain of our outstanding borrowings
- Funding to meet working capital requirements
- General Corporate Purpose
Address / Contact Info
Tankup Engineers Limited
1262, SA Goila, Chinhat
Lucknow-226019,
Uttar Pradesh, India.
Phone: +91-7800008707
Email: cs@tankup.co.in
Website: https://www.tankup.co.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 23 April 2025
IPO Close Date
Friday, 25 April 2025
Basis of Allotment
Monday, 28 April 2025
Initiation of Refunds
Tuesday, 29 April 2025
Credit of Shares to Demat
Tuesday, 29 April 2025
Listing Date
Wednesday, 30 April 2025 — NSE & BSE
Important Dates
Open Date
23 April 2025
Close Date
25 April 2025
Basis Of Allotment
28 April 2025
Listing Date
30 April 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 10.35 | 8.68 | 2.32 |
| Revenue | 19.54 | 11.85 | 1.4 |
| Profit After Tax | 2.57 | 0.79 | 0.05 |
| Net Worth | 3.68 | 1.11 | 0.2 |
| Reserve & Surplus | 3.43 | 0.86 | 0.05 |
| Total Borrowings | 3.69 | 2.57 | 1.42 |
EPS Pre
6.59%
EPS Post
4.85%
P/E Pre
21.26
P/E (Post Issue)
28.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 107.11 |
| ROCE % | 46.49 |
| Debt / Equity | 1 |
| RoNW % | 69.75 |
| PbW | 0 |
| Pat Margin % | 13.23 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 258000 | 27.45 | 0 |
| Non-Institutional | 194000 | 20.64 | 0 |
| Retail Investors | 452000 | 48.09 | 0 |
| Employees | 36000 | 3.82 | 0 |
| Total | 940000 | 100 | 0 |
Subscription Status ( Fri, 25 Apr 25 12:55 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 258000 | 11261000 | 43.65x |
| Non-Institutional | 194000 | 84969000 | 437.98x |
| Retail Investors | 452000 | 21021000 | 46.51x |
| Employees | 36000 | 13000 | 0.36x |
| Total | 940000 | 117264000 | 124.75x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 140,000.00 |
| Retail (Max) | 1 | 1,000 | 140,000.00 |
| S-HNI (Min) | 2 | 2,000 | 280,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Tankup Engineers IPO is a Book-building IPO worth ₹19.53 crores. The price band is ₹133 to 140 per share. The IPO opens on Wed, Apr 23, 2025 and closes on Fri, Apr 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Tankup Engineers IPO opens on Wed, Apr 23, 2025 and closes on Fri, Apr 25, 2025
Tankup Engineers IPO Price Band is ₹133 to 140.
Tankup Engineers IPO lot size is 1000, and the minimum amount required for application is ₹280000.
The minimum investment for Tankup Engineers IPO is approximately ₹280000 based on the upper price band.
To apply for the Tankup Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Apr 25, 2025. After submission, funds are blocked until the basis of allotment of Tankup Engineers IPO is finalised.
Tankup Engineers IPO issue size is ₹19.53 crores.
Tankup Engineers IPO allotment date is Sat, Jun 27, 2026.
The registrar for Tankup Engineers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Tankup Engineers IPO through their official website or helpline.
The Tankup Engineers IPO GMP (Grey Market Premium) is ₹8 as of Wed, Apr 30, 2025. Based on the upper price band of ₹140 per share, the estimated Tankup Engineers IPO listing price is ₹148, indicating a potential listing gain of approximately 31% over the issue price.