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Tankup Engineers Limited IPO

Tankup Engineers Limited IPO

IPO Date :
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Listing Date :
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Listed Price: ₹ 175.00 (+25.00%)

Tankup Engineers Limited's completed its IPO journey with a successful listing on NSE on 30-04-2025. The public offering mobilized 13,95,000 Shares in total capital, comprising 13,95,000 Shares in fresh equity.

The offering was conducted within the price band of ₹133 to ₹140, with minimum application lots of 1000 shares. Investor participation during the 23-04-2025 to 25-04-2025 subscription window determined the final allocation pattern.

The basis of allotment was announced on 28-04-2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.

Tankup Engineers IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Tankup Engineers IPO Key Performance Indicator
Company Financials ( In Crores )

Tankup Engineers IPO About Company

Tankup Engineers Limited, incorporated in 2020, is engaged in manufacturing vehicle superstructures for complex mobility and storage requirements. The company offers customized products such as self-bunded fuel tanks, mobile diesel bowsers, aircraft refuellers, fire tenders, ground support equipment, water sprinklers, and mobile service vans, designed as per specific client needs. It caters to diverse sectors including agriculture, mining, construction, logistics, aviation, defence, and infrastructure. Tankup operates from a 2,665 sq. mtr. ISO-certified, PESO-approved facility in Lucknow and also holds MSME ZED certification, showcasing strong quality and sustainability standards. As of March 31, 2024, the company employed approximately 45 people.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Tankup Engineers IPO Strength Factors

  1. Diverse Product Range: Provides customized mobility and storage solutions for sectors like agriculture, aviation, and defense.
  2. In-House Manufacturing: Complete fabrication facilities ensure better quality control and cost efficiency.
  3. Stable Order Flow: Consistent demand from multiple industries supports steady growth and business stability.

Tankup Engineers IPO Risk Factors

  1. Customer Concentration: Heavy reliance on few key customers makes revenue vulnerable if any major client reduces orders.
  2. Quality Compliance: Failure to meet strict quality standards or inspections may result in cancelled orders and reputational damage.
  3. Product Dependency: High dependence on refueller sales means any decline in demand could materially affect financial performance.

Tankup Engineers IPO Lead Manager(s)

  • Hem Securities Limited

Tankup Engineers IPO Promoter(s)

  1. Gaurav Lath
  2. Pankhuri Lath
  3. Govind Prasad Lath
  4. Tank-Up Petro Ventures LLP

Tankup Engineers IPO Company Details

Tankup Engineers Limited
Phone:
address:

Tankup Engineers IPO Registrar

Bigshare Services Private Limited
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Phone:

Tankup Engineers IPO FAQs