Tankup Engineers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 23 Apr 2025
Close Date
Fri, 25 Apr 2025
Price Band
₹ 133 – 140
Lot Size
1000
Issue Size
₹ 19.53 Cr
Minimum Investment
₹ 280,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Tankup Engineers IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹19.53 Crore, comprising a fresh issue of 13.95 Lakh equity shares aggregating to ₹19.53 Crore.
The Tankup Engineers IPO remained open for subscription from April 23, 2025, to April 25, 2025. The basis of allotment was finalized on April 28, 2025, and the company's shares were listed on NSE SME Platform on April 30, 2025.
The company had fixed the price band at ₹133 to ₹140 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Tankup Engineers Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Tankup Engineers IPO Timeline (Tentative)
- IPO Open Date
- Wed, 23 Apr 25
- IPO Close Date
- Fri, 25 Apr 25
- Basis of Allotment
- Mon, 28 Apr 25
- Initiation of Refunds
- Tue, 29 Apr 25
- Credit of Shares to Demat
- Tue, 29 Apr 25
- Listing Date
- Wed, 30 Apr 25 — NSE & BSE
Open Date
23 April 2025
Close Date
25 April 2025
Basis Of Allotment
28 April 2025
Listing Date
30 April 2025
IPO Subscription
Check Live Subscription →The Tankup Engineers IPO has received bids for 11,72,64,000 shares against 9,40,000 shares offered, resulting in an overall subscription of 124.75x. the NII category is subscribed 437.98x, Retail Investors 46.51x, Employees 0.36x, and QIBs 43.65x.
QIB
43.65x
NII
437.98x
RII
46.51x
EMP
0.36x
Total
124.75x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 4,52,000 shares, representing 48.09% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 2,58,000 shares (27.45%), while Non-Institutional Investors (NIIs) receive 1,94,000 shares (20.64%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 258,000 | 27.45% |
| Non-Institutional | 194,000 | 20.64% |
| Retail Investors | 452,000 | 48.09% |
| Employees | 36,000 | 3.82% |
| Total | 940,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Tankup Engineers Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 107.11 |
| ROCE % | 46.49 |
| Debt / Equity | 1 |
| RoNW % | 69.75 |
| Pat Margin % | 13.23 |
Peers Comparison
No Peer Comparision Available
About Tankup Engineers Limited
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!
Tankup Engineers IPO 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%
Tankup Engineers IPO Objective
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
Tankup Engineers Limited Address / Contact Details
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
Tankup Engineers IPO Lot Size
The Tankup Engineers IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹1,40,000 by applying for 1 lot (1,000 shares). The maximum application allowed for the retail category is 1 lots (1,000 shares), requiring an investment of ₹1,40,000.
| 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 |
Issue Reservation
- QIB — 27.45%
- NII — 20.64%
- RII — 48.09%
- EMP — 3.82%
Book Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Tankup Engineers IPO?
Tankup Engineers IPO is a Book-building IPO with a total issue size of ₹19.53 crore. The Tankup Engineers IPO price band is ₹133 to 140 per share. The Tankup Engineers IPO subscription opens on Wed, Apr 23, 2025, and closes on Fri, Apr 25, 2025. The Tankup Engineers IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Tankup Engineers IPO.
When will the Tankup Engineers IPO open for subscription?
The Tankup Engineers IPO opens on Wed, Apr 23, 2025 and closes on Fri, Apr 25, 2025
What is Tankup Engineers IPO Price Band?
Tankup Engineers IPO Price Band is ₹133 to 140 per share.
What is Tankup Engineers IPO Lot Size?
Tankup Engineers IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Tankup Engineers IPO?
The minimum investment for Tankup Engineers IPO is ₹280000, based on one lot of 1000 shares at the upper price band of ₹140 per share.
How to apply for Tankup Engineers IPO?
Investors can apply for the Tankup Engineers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Apr 25, 2025. The application amount remains blocked until the Tankup Engineers IPO allotment is finalized.
What is Tankup Engineers IPO Issue Size?
Tankup Engineers IPO issue size is ₹19.53 crores.
What is the Tankup Engineers IPO Allotment Date?
Tankup Engineers IPO allotment date is Mon, Apr 28, 2025.
Who is the Tankup Engineers IPO Registrar?
The registrar for Tankup Engineers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Tankup Engineers IPO allotment status, refund processing, and other IPO-related information.
What is the Tankup Engineers IPO GMP?
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 5.71% over the issue price.
Who is the Tankup Engineers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Tankup Engineers IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Tankup Engineers IPO Red Herring Prospectus (RHP).