Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Wed, Apr 23, 2025 - Fri, Apr 25, 2025
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 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 for investment in 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 Open
Wed, Apr 23, 2025
IPO Close
Fri, Apr 25, 2025
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹74.13 Cr
| IPO Date | 23 to 25 Apr, 2025 |
| Listed on | Wed, Apr 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,95,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 70,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.9800 Cr) |
| Fresh Issue (Ex Market Maker) | 13,25,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 13,25,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 39,00,000 shares |
| Share Holding Post Issue | 52,95,000 shares |
| NSE Symbol | TANKUP |
| ISIN | INE0Z7N01017 |
Tankup Engineers IPO comprises a total issue size of 13,95,000 shares. The net offer to the public is 12,89,000 shares, after excluding 70,000 shares allotted on a firm basis and 36,000 shares under a preferential allotment. Of the Net offer 6,43,000 (49.88%) are allocated to QIB, 1,94,000 (15.05%) allocated to NII 4,52,000 (35.07%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 6,43,000 | 49.88% | 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 | 15.05% | 13.91% |
| Retail Shares Offered | 4,52,000 | 35.07% | 32.40% |
| Preferential Reservations | |||
| Employee Shares Offered | 36,000 | 2.58% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 5.02% | |
| Total Shares Offered | 13,95,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Tankup Engineers IPO raises ₹5.39 crore from anchor investors. Tankup Engineers IPO Anchor bid date is April 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Apr 22, 2025 |
| Shares Offered | 3,85,000 |
| Anchor Portion (₹ Cr.) | 5.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, May 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jul 27, 2025 |
| 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 |
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 | 1.40 |
| Profit After Tax | 0.95 | 2.57 | 0.79 | 0.05 |
| NET Worth | 6.17 | 3.68 | 1.11 | 0.20 |
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 6.59 | 2.68 |
| P/E (x) | 21.26 | 52.19 |
| Promoter Holding | 100% | 73.65% |
| Market Cap | ₹74.13 Cr. |
The Tankup Engineers IPO is subscribed 124.67 times on April 25, 2025 6:19:59 PM (Day 3). The public issue subscribed 46.51 times in the retail category, 43.65 times in the QIB category, and 437.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 43.65 | 2,58,000 | 1,12,61,000 | 24 |
| NII* | 437.62 | 1,94,000 | 8,48,99,000 | 1,931 |
| Retail | 46.51 | 4,52,000 | 2,10,21,000 | 21,021 |
| Total | 124.67 | 9,40,000 | 11,71,94,000 | 22,984 |
Total Application : 22,984
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 0.46 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.08 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.00 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.08 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 0.74 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹175.00 |
| Low | ₹175.00 |
| High | ₹183.75 |
| Last Trade | ₹183.75 |
Lead Manager Reports
Tankup Engineers IPO is a SME IPO of 13,95,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Apr 23, 2025, and closes on Fri, Apr 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 Wed, Apr 23, 2025 and closes on Fri, Apr 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 Tue, Apr 29, 2025. Check the Tankup Engineers IPO allotment status.
The Tankup Engineers IPO listing date is on Wed, Apr 30, 2025.
