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Tankup Engineers IPO is a book build issue of ₹19.53 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹19.53 crore.
Tankup Engineers IPO bidding started from Apr 23, 2025 and ended on Apr 25, 2025. The allotment for Tankup Engineers IPO was finalized on Apr 28, 2025. The shares got listed on NSE SME on Apr 30, 2025.
Tankup Engineers IPO price band is set at ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
The issue includes a reservation of up to 36,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Tankup Engineers IPO RHP for detailed Information.
| IPO Date | April 23, 2025 to April 25, 2025 |
| Listing Date | April 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,95,000 shares (aggregating up to ₹19.53 Cr) |
| Reserved for Market Maker | 70,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.9800 Cr) |
| Net Offered to Public | 13,25,000 shares (aggregating up to ₹18.55 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,00,000 shares |
| Share Holding Post Issue | 52,95,000 shares |
Tankup Engineers IPO offers total 13,95,000 shares. Out of which 6,43,000 (46.09%) allocated to QIB, 2,58,000 (18.49%) allocated to QIB (Ex- Anchor), 1,94,000 (13.91%) allocated to NII, 4,52,000 (32.40%) allocated to RII and 3,85,000 (27.60%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (5.02%) |
| QIB Shares Offered | 6,43,000 (46.09%) |
| − Anchor Investor Shares Offered | 3,85,000 (27.60%) |
| − QIB (Ex. Anchor) Shares Offered | 2,58,000 (18.49%) |
| NII (HNI) Shares Offered | 1,94,000 (13.91%) |
| Retail Shares Offered | 4,52,000 (32.40%) |
| Employee Shares Offered | 36,000 (2.58%) |
| Total Shares Offered | 13,95,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Tankup Engineers IPO raises ₹5.39 crore from anchor investors. Tankup Engineers IPO Anchor bid date is April 22, 2025. Tankup Engineers IPO Anchor Investors list
| Bid Date | April 22, 2025 |
| Shares Offered | 3,85,000 |
| Anchor Portion Size (In Cr.) | 5.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 27, 2025 |
Tankup Engineers IPO opens on April 23, 2025, and closes on April 25, 2025.
| IPO Open Date | Wed, Apr 23, 2025 |
| IPO Close Date | Fri, Apr 25, 2025 |
| Tentative Allotment | Mon, Apr 28, 2025 |
| Initiation of Refunds | Tue, Apr 29, 2025 |
| Credit of Shares to Demat | Tue, Apr 29, 2025 |
| Tentative Listing Date | Wed, Apr 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 25, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Products:
As on March 31, 2024, the company has employed approximately 45 employees at various levels of the Organization.
Competitive Strengths:
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17.67 | 10.35 | 8.68 | 2.32 |
| Total Income | 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 | ||||
The market capitalization of Tankup Engineers IPO is ₹74.13 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 107.11% |
| ROCE | 46.49% |
| Debt/Equity | 1.00 |
| RoNW | 69.75% |
| PAT Margin | 13.23% |
| Price to Book Value | 10.46 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.59 | 2.68 |
| P/E (x) | 21.26 | 52.19 |
The Company Tankup Engineers IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment in full or in part, of certain of the outstanding borrowings; | 3.50 |
| 2 | Funding to meet working capital requirements | 10.00 |
| 3 | General Corporate Purpose | 4.61 |
[Dilip Davda] TEL is engaged in the manufacturing of tailor-made specialized vehicle superstructures for complex mobility. It is operating in a highly competitive and fragmented segment. The company has an order book worth Rs. 22.11 cr. as of March 13, 2025. Small post-IPO equity base indicates longer gestation for migration. Based on its financial data, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds in this pricey issue for long term. Read detail review...
| Listing Date | April 30, 2025 |
| BSE Script Code | |
| NSE Symbol | TANKUP |
| ISIN | INE0Z7N01017 |
| Final Issue Price | ₹140 per share |
| NSE Listing Group | SM |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹175.00 |
| Low | ₹175.00 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
Tankup Engineers Ltd.
1262,
SA Goila,
Chinhat,
Lucknow, Uttar Pradesh, 226019
Phone: +91-7800008707
Email: cs@tankup.co.in
Website: https://www.tankup.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tankup Engineers IPO is a SME IPO of 13,95,000 equity shares of the face value of ₹10 aggregating up to ₹19.53 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on April 23, 2025, and closes on April 25, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tankup Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Tankup Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tankup Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tankup Engineers IPO opens on April 23, 2025 and closes on April 25, 2025.
Tankup Engineers IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Tankup Engineers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tankup Engineers IPO will be done on Monday, April 28, 2025, and the allotted shares will be credited to your demat account by Tuesday, April 29, 2025. Check the Tankup Engineers IPO allotment status.
The Tankup Engineers IPO listing date is on Wednesday, April 30, 2025.
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