Tankup Engineers Limited Link 
Allotment
Tankup Engineers IPO was a book-built issue aggregating ₹19.53 crore, comprising entirely a fresh issue of 0.14 crore equity shares.
The IPO opened for subscription on April 23, 2025, and closed on April 25, 2025. The basis of allotment was finalized on April 28, 2025, and the equity shares were listed on the NSE SME platform on April 30, 2025.
The IPO was offered in a price band of ₹140 per share with a lot size of 1,000 shares. Retail investors were required to invest a minimum of ₹1,40,000 (one lot), while High Net-Worth Individuals (HNIs) had to apply for at least two lots (2,000 shares) amounting to ₹2,80,000.
The issue also included a reservation of up to 36,000 equity shares for employees, offered at no discount to the issue price.
Hem Securities Ltd. acted as the Book Running Lead Manager, Bigshare Services Pvt. Ltd. was the Registrar to the Issue, and Hem Finlease Pvt. Ltd. served as the Market Maker.
₹140
0%
Open
₹140
HIgh - Low
₹140
Previous Close
₹140
Total Traded Value
0
52 Weeks High
₹140
52 Weeks Low
₹140
Updates On
Apr 15, 2025
IPO. Open
Apr 23, 2026
IPO. Close
Apr 25, 2026
IPO. Price
₹140.00
IPO Market price
₹74.13 Cr
IPO Details
| IPO Date | 30 Apr |
| IPO Listing Date | 30 Apr |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹140.00 |
| IPO Issue Size | 13,95,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 39,00,000 shares |
IPO Timeline
| IPO Open Date | 23 Apr |
| IPO Close Date | 25 Apr |
| IPO Allotment (Tentative) | 28 Apr |
| Refunds | 29 Apr |
| Credit to Demat Account | 29 Apr |
| IPO Listing Date | 30 Apr |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 6,43,000 Shares |
| NII (HNI) Shares Offered | 1,94,000 Shares |
| Retail Shares Offered | 4,52,000 Shares |
IPO Lot Size
Investors can apply for a minimum of 1,000 equity shares, and bids must be made in multiples of 1,000 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 2,000 | ₹2,80,000 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 2020, Tankup Engineers Limited is engaged in the manufacturing of vehicle superstructures designed for complex mobility and storage solutions.
The company’s product portfolio includes self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. It specializes in the design and manufacture of custom-built tanks for the transportation and storage of liquids, gases, and solids, tailored to client-specific requirements such as size, material, capacity, and functional features.
Tankup Engineers serves a wide range of industries including agriculture, mining, construction, logistics, aviation, defense, and infrastructure.
The company operates a 2,665 sq. meter manufacturing facility in Lucknow, which is ISO certified, PESO approved, and holds MSME ZED certification for Zero Defect Zero Effect manufacturing.
As of March 31, 2024, the company employed approximately 45 personnel across various organizational levels.
Key Products
Mobile Refuellers: IoT-enabled fuel dispensing solutions designed to optimize fuel management across multiple industrial sectors.
Water Sprinklers: Custom-built water sprinklers that improve operational efficiency, conserve water, and enhance safety.
Mobile Service Vans: Tailor-made service vans enabling safe and efficient on-site equipment maintenance.
Competitive Strengths
Diversified product portfolio with applications across multiple industry verticals
Strong in-house fabrication and manufacturing capabilities
Sustainable and healthy order book
Robust quality control systems ensuring standardized product quality
Experienced and qualified management team and workforce
Company Financials (Consolidated)
| Assets | 17.67 | 10.35 | 39.47 |
| Total Income | 12.48 | 19.54 | 11.85 |
| Profit After Tax | 0.95 | 2.57 | 0.79 |
| EBITDA | - | - | - |
| NET Worth | 6.17 | 3.68 | 1.11 |
| Reserves and Surplus | 2.27 | 3.43 | 0.86 |
| Total Borrowing | 7.59 | 3.69 | 2.57 |
Key Performance Indicator (KPI)
| ROE | 107.11% |
| ROCE | 46.49% |
| Debt/Equity | 1 |
| RoNW | 69.75% |
| PAT Margin | 13.23% |
| EBITDA Margin | - |
| Price to Book Value | 10.46 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 10 |
| 3 | To meet out the General Corporate Purposes; | 4.61 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Tankup Engineers Ltd. Address
1262,
SA Goila,
Chinhat,
Lucknow, Uttar Pradesh, 226019
+91-7800008707
cs@tankup.co.in
https://www.tankup.co.in/
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
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