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Tankup Engineers IPO vs Vigor Plast IPO

Comparison between Tankup Engineers IPO and Vigor Plast IPO.

IPO Details

Tankup Engineers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vigor Plast IPO is a SME Bookbuilding proposed to list at NSE SME.

 Tankup Engineers IPOVigor Plast IPO
LogoTankup Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Unistone Capital Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Tankup Engineers IPO is up to ₹18.55 Cr whereas the issue size of the Vigor Plast IPO is up to ₹23.85 Cr. The final issue price of Tankup Engineers IPO is ₹140.00 per share and of Vigor Plast IPO is ₹81.00 per share.

 Tankup Engineers IPOVigor Plast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share₹77.00 per share
Issue Price (Upper)₹140.00 per share₹81.00 per share
Issue Price (Final)₹140.00 per share₹81.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1000 shares1600 shares
Fresh Issue Size13,25,000 shares23,44,000 shares
Fresh Issue Size (Amount)up to ₹18.55 Crup to ₹18.99 Cr
OFS Issue Size0 shares6,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.86 Cr
Issue Size Total13,25,000 shares29,44,000 shares
Issue Size Total (Amount)up to ₹18.55 Crup to ₹23.85 Cr

IPO Timetable

Tankup Engineers IPO opens on Apr 23, 2025, while Vigor Plast IPO opens on Sep 04, 2025. The closing date of Tankup Engineers IPO and Vigor Plast IPO is Apr 25, 2025, and Sep 09, 2025, respectively.

 Tankup Engineers IPOVigor Plast IPO
Anchor Bid DateApr 22, 2025Sep 03, 2025
Issue OpenApr 23, 2025Sep 04, 2025
Issue CloseApr 25, 2025Sep 09, 2025
Basis Of Allotment (Tentative)Apr 28, 2025Sep 10, 2025
Initiation of Refunds (Tentative)Apr 29, 2025Sep 11, 2025
Credit of Share (Tentative)Apr 29, 2025Sep 11, 2025
Listing date (Tentative)Apr 30, 2025Sep 12, 2025
Anchor Lockin End date 1May 28, 2025Oct 09, 2025
Anchor Lockin End date 2Jul 27, 2025Dec 08, 2025

Financials & KPIs

Tankup Engineers IPO P/E ratio is 21.26, as compared to Vigor Plast IPO P/E ratio of 12.35.

 Tankup Engineers IPOVigor Plast IPO
Financials

Tankup Engineers Limited Financial Information (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets17.6710.358.682.32
Total Income12.4819.5411.851.4
Profit After Tax0.952.570.790.05
Net Worth6.173.681.110.2
Reserves and Surplus2.273.430.860.05
Total Borrowing7.593.692.571.42
Amount in ₹ Crore
EBITDA
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.6570.05
P/E Ratio21.2612.35
Market Cap₹74.13 Cr.₹83.85 Cr.
ROE107.11%59.39%
ROCE46.49%28.24%
Debt/Equity1.001.39
EPS₹6.59₹6.56
RoNW69.75%59.39%

Shares Offered

In the Tankup Engineers IPO Retail Individual Investors (RII) are offered 4,52,000 shares while in Vigor Plast IPO retail investors are offered 4,52,000 shares. Qualified Institutional Buyers (QIB) are offered 2,58,000 shares in Tankup Engineers IPO and 5,90,400 shares in Vigor Plast IPO.

 Tankup Engineers IPOVigor Plast IPO
Anchor Investor Reserveration3,85,000 shares8,73,600 shares
Market Maker Reserveration70,000 shares1,55,200 shares
QIB2,58,000 shares5,90,400 shares
NII1,94,000 shares4,46,400 shares
RII4,52,000 shares10,33,600 shares
Employee36,000 shares0 shares
Others
Total13,25,000 shares29,44,000 shares

Bids Received (Subscription)

Tankup Engineers IPO subscribed 124.67x in total, whereas Vigor Plast IPO subscribed 3.88x.

 Tankup Engineers IPOVigor Plast IPO
QIB (times)43.65x3.94x
NII (times)437.62x7.03x
Big NII (times)9.00x
Small NII (times)3.09x
RII (times)46.51x2.49x
Employee (times)
Other (times)
Total (times)124.67x3.88x