Tankup Engineers IPO Details
The key details of Tankup Engineers’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹19.53 Cr |
| Price Range | ₹133 - ₹140 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1000 |
| Investment (cut-off price) | ₹1,40,000 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | 73.65% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Tankup Engineers IPO Timelines
The IPO process for Tankup Engineers includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
23/04/2025
Start Date25/04/2025
End Date29/04/2025
Refund Initiation29/04/2025
Credit of Shares to Demat Ac30/04/2025
Listing DateTankup Engineers IPO Lot Size
The Tankup Engineers IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹140 per share, requiring ₹140,000 per lot for retail investors. For HNI investors, the minimum application is 2,000 shares (2 lots) amounting to ₹280,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,40,000 |
| Retail Maximum | 1 | 1000 | ₹1,40,000 |
| HNI Minimum | 2 | 2000 | ₹2,80,000 |
Tankup Engineers IPO Subscription Status
The subscription status for Tankup Engineers IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 43.65x | 437.62x | 46.51x | -- | 124.67x |
IPO Performance on Listing Day
On the listing day (April 30, 2025), Tankup Engineers made a strong debut on the stock exchange. The stock opened at ₹175, delivering an impressive premium of 25% over its issue price of ₹140. Throughout the trading session, the stock showed robust momentum, climbing to a high of ₹183.75 while maintaining support at its opening price. The shares concluded their first trading day at ₹183.75, securing a substantial gain of 31.3% over the issue price, indicating strong investor confidence in this engineering solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹175.00 | ₹183.75 | ₹183.75 | ₹175.00 |
Tankup Engineers IPO Company Financials
Tankup Engineers IPO reports robust performance in FY2024 with Total Income of ₹19.54 crores, managing expenses at ₹16.42 crores, and achieving a strong PAT (Profit After Tax) of ₹2.57 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹1.40 | ₹1.34 | ₹0.05 |
| FY 2023 | ₹11.85 | ₹10.91 | ₹0.79 |
| FY 2024 | ₹19.54 | ₹16.42 | ₹2.57 |
| FY 2025 (8 M) | ₹12.48 | ₹11.33 | ₹0.95 |
About Company
Incorporated in 2020, Tankup Engineers Limited specializes in manufacturing vehicle superstructures designed for complex mobility and storage solutions. The company produces a wide range of products including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. It focuses on custom-built tanks tailored to client requirements for transporting or storing liquids, gases, or solids, offering flexibility in size, material, capacity, and functionality. Tankup Engineers serves a diverse set of industries such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure.
The company operates from a 2,665 sq. mtr. facility located in Lucknow, which is accredited with ISO certifications, PESO approval, and holds an MSME ZED certification for its Zero Defect Zero Effect manufacturing practices. Tankup’s product line also includes IoT-enabled mobile refuellers for fuel management, custom water sprinklers designed for efficiency and safety, and mobile service vans that facilitate on-site maintenance. As of March 31, 2024, the company employs around 45 individuals across various levels of its organization.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2023 | Engineering | Gaurav Lath |
Know Before Investing
Tankup Engineers IPO Strengths
- As of early 2025, the company had an outstanding order book of over ₹22 crore, indicating a strong pipeline of confirmed business and revenue visibility.
- Tankup Engineers reported a net profit of ₹2.57 crore in FY 2024, up significantly from ₹0.05 crore in FY 2022, reflecting improving operational efficiency and profitability.
- The company serves multiple sectors such as petroleum, mining, infrastructure, and defense, reducing dependency on any single industry and spreading business risk.
- Tankup Engineers manufactures custom vehicle superstructures like mobile refuellers, water sprinklers, explosive vans, and tank trucks tailored to complex mobility and storage needs, providing niche market expertise.
Tankup Engineers IPO Risks
- Tankup Engineers operates primarily in specialized vehicle superstructures for sectors like petroleum and mining, making it vulnerable to downturns or regulatory changes in these industries.
- The company’s product portfolio, while specialized, is relatively narrow, which may expose it to risks if demand for specific products declines.
- Broader economic slowdown or fluctuations in sectors served by the company (like infrastructure or mining) can adversely affect demand for Tankup Engineers’ products and services.
- Manufacturing operations are subject to risks such as supply chain disruptions, raw material price volatility, and production delays, which can impact profitability.
- Changes in government policies, environmental regulations, or safety standards could increase compliance costs or restrict operations.
- The company may have significant revenue concentration from a few major clients, making it vulnerable if any key customer reduces orders or delays payments.
Swot Analysis for Tankup Engineers IPO
Strengths
Custom vehicle superstructures, Diverse industry clientele, Strong revenue growth
Weaknesses
High debt levels, Moderate employee base, Corporate record discrepancies
Opportunities
Expanding industrial demand, Innovation in mobility solutions, Untapped defense sector
Threats
Intense market competition, Raw material price volatility, Regulatory compliance risks
Company 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 Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Tankup Engineers IPO are:
- Repayment in full or in part, of certain of the outstanding borrowings;
- Funding to meet working capital requirements
- General Corporate Purpose
Hem Securities Limited is the book-running lead managers for the Tankup Engineers IPO.
Tankup Engineers IPO shows growth potential due to strong financial performance, with revenue rising from ₹11.85 crore in 2023 to ₹19.54 crore in 2024 and profit increasing from ₹0.79 crore to ₹2.57 crore. The company specializes in manufacturing custom vehicle superstructures for sectors like petroleum and mining, benefiting from growing demand.
The issue price for the Tankup Engineers IPO is set between ₹133 and ₹140 per share.
To invest in one lot of Tankup Engineers IPO, you need ₹1,33,000 at the lower price band (₹133 per share) or ₹1,40,000 at the upper price band (₹140 per share) for a lot size of 1000 shares.
Tankup Engineers IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on April 30, 2025.
Refund/unblocking of funds for Tankup Engineers IPO will begin on April 29, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Tankup Engineers IPO shares on listing day (April 30, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.