Tankup Engineers Limited IPO Details
SME
Tankup Engineers IPO opens for subscription on 23 Apr 2025 and closes on 25 Apr 2025. The IPO will be listed on NSE with the tentative listing date set for 30 Apr 2025.
Tankup Engineers IPO price band has been fixed at ₹133 – ₹140 per share.The face value is ₹10 per share with a lot size of 1000.
Tankup Engineers IPO total issue size comprises 13,95,000 shares (aggregating up to ₹19.53 Cr). This includes a fresh issue of 13,95,000 shares (aggregating up to ₹19.53 Cr). Pre-issue shareholding stands at 39,00,000, which will increase to 52,95,000 post-issue.
Tankup Engineers IPO carries a ₹8 (5.7%) GMP, reflecting investor sentiment.
Tankup Engineers IPO Lot Size : Retain Minimum is 1 lot (1,000 shares) amounting to ₹140,000. Retain Maximum is 1 lot (1,000 shares) amounting to ₹140,000. SHNI Minimum is 2 lots (2,000 shares) amounting to ₹280,000.
The Lead Managers for Tankup Engineers IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Hem Finlease. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Tankup Engineers Limited RHP.
Tankup Engineers IPO Details
Tankup Engineers IPO Subscription
Tankup Engineers IPO Application Wise Breakup
Tankup Engineers IPO Dates
- 23 Apr 2025Opening dateOPD
- 25 Apr 2025Closing dateCOD
- 28 Apr 2025Allotment Date BOA
- 29 Apr 2025Initiation of RefundsIOR
- 29 Apr 2025Credit of SharesCOS
- 30 Apr 2025Listing dateLID
Tankup Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1000 | ₹140,000 |
| Retain Maximum | 1 | 1000 | ₹140,000 |
| SHNI Minimum | 2 | 2000 | ₹280,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Tankup Engineers IPO Reservation
Promoter Holding
Tankup Engineers IPO Valuations
Tankup Engineers Financial Information
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17.67 | 10.35 | 8.68 | 2.32 |
| Revenue | 12.48 | 19.54 | 11.85 | 1.4 |
| Profit After Tax | 0.95 | 2.57 | 0.79 | 0.05 |
| Net Worth | 6.17 | 3.68 | 1.11 | 0.2 |
| Reserves and Surplus | 2.27 | 3.43 | 0.86 | 0.05 |
| Total Borrowing | 7.59 | 3.69 | 2.57 | 1.42 |
| Amount in ₹ Crore | ||||
About Tankup Engineers IPO
Incorporated in 2020, Tankup Engineers Limited is engaged in the manufacturing of vehicle superstructure for complex mobility and storage solutions.
The company offers products including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment.
The company specializes in manufacturing custom-built tanks for transporting or storing liquids, gases, or solids, tailored to client specifications in size, material, capacity, and functional features.
The company serves sectors such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure.
The company operates a 2,665 sq. mtr. facility in Lucknow, accredited with ISO certifications and PESO approval, and holds MSME ZED certification for Zero Defect Zero Effect manufacturing.
Products:
- Mobile Refuellers:IoT-enabled fuel solutions optimize management across multiple industrial sectors.
- Water sprinkler:Custom water sprinklers enhance efficiency, conserve water, ensure safety.
- Mobile Service Van:Customized service vans enable safe, efficient on-site equipment maintenance.
As on March 31, 2024, the company has employed approximately 45 employees at various levels of the Organization.
Strength Of Tankup Engineers IPO
1. Diverse range of product portfolio having applications across various industry verticals.
2. In-house product fabrication capabilities.
3. Sustainable Order Book.
4. Stringent quality control mechanism ensuring standardized product quality.
5. Experienced and Qualified Management and Employee base.
Risk Of Tankup Engineers IPO
1. The company's business is dependent on the sale of its products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
2. The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company business and results of operations and future prospects.
3. The company derives a significant portion of its revenue from the sale of its key product i.e. Refuellers. Any decline in the sales of the company key product could have an adverse effect on its business, results of operations and financial condition.
4. Its business is substantially dependent on the company design and engineering teams to accurately carryout the estimates and engineering studies for potential orders. Any deviation during the execution of the order as compared to its estimates could have a material adverse effect on the company cashflows, results of operations and financial condition.
5. Its may be subject to risks associated with product warranty.
6. The Company was incorporated on November 03, 2020, thus, the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
7. Its manufacturing activities require deployment of labour and depend on availability of labour. In case of unavailability of such labour, the company business operations could be affected.
8. The company generate its major portion of turnover from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on the company revenue and results of operations.
9. Any delay, interruption or reduction in the supply of raw materials to manufacture its products may adversely affect the company business, results of operations, cash flows and financial condition.
10. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
Objectives Tankup Engineers IPO
1. Repayment in full or in part, of certain of the outstanding borrowings
2. Funding to meet working capital requirements
3. General Corporate Purpose
Company 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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