IPO - Check IPO Date, Price, Lot Size

Tankup Engineers Ltd IPO

We are engaged in the business of manufacturing specialised vehicle superstructure for complex mobility and storage solutions of various capacities. This involves manufacturing large containers or tank like solutions used for transporting/storing various materials, which could include liquids, gases or solids, depending on customer product range. These tanks may be custom-built to meet specific client requirements regarding size, material, capacity, and features. We cater to a broad spectrum of end-use industries like: Petroleum, Mining, Infrastructure, Defence etc. Our manufacturing activity involves focus on fabrication of tanks dedicated to delivering mobile solutions that may be deployed for a wide range of commercial use.

Tankup Engineers Ltd IPO Details

Total Shares Offered

₹ 13,95,000

Offer to Public

TBA

Retail Max (Shares)

₹ 4,52,000

Pre Issue Promoters Holding

₹ 39,00,000

Exchange

NSE

Issue size

₹ 19.53 Cr

IPO Open Date

Apr 23, 2025

Close Date

Apr 25, 2025

Lot Size

1000

Min Investment

₹ 1,33,000

Issue Type

Book Building - SME

Listing Date

Apr 30, 2025

Tankup Engineers Ltd IPO Dates

Apr 23, 2025

Opening date

Apr 25, 2025

Closing date

Apr 28, 2025

Basis of Allotment

Apr 29, 2025

Initiation of Refunds

Apr 29, 2025

Credit of Shares

Apr 30, 2025

Listing date

Details

Sector	Type
Sector	Engineering
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	17.51x	643000	11261000
NII	437.98x	194000	84969000
Retail	46.65x	452000	21086000
Employee	0.36x	36000	13000
Total	84.11x	1395000	117329000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

17.51x

437.98x

46.65x

0.36x

84.11x

643000

194000

452000

36000

1395000

11261000

84969000

21086000

13000

117329000

Tankup Engineers Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	2.08	3.18	1.14
EBITDA	2.29	3.34	1.34
PAT	1.52	2.48	0.79
Total Assets	19.56	9.58	7.79
Share Capital	3.90	0.25	0.25
Total Borrowings	11.67	4.44	2.83
Operating Activities (Net Cash)	1.73	2.64	0.99
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	11.67	4.44	2.83
Net Cashflow	0.17	0.16	0.26

About Tankup Engineers Ltd

Our Company was originally incorporated as a Private Limited Company under the name "Tankup Engineers Private Limited" on November 03, 2020 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre with CIN: U74999UP2020PTC137401. Further, Fresh Certificate of Incorporation dated August 25, 2023 issued by the Registrar of Companies, Kanpur, consequent upon change in the object of the Company, bearing CIN: U29109UP2020PTC137401. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on April 23, 2024 and consequently the name of our Company was changed from "Tankup Engineers Private Limited" to "Tankup Engineers Limited" vide a fresh certificate of incorporation dated July 24, 2024, issued by the Assistant Registrar of Companies, Central Processing Centre bearing CIN: U29109UP2020PLC137401.

India retained its spot as the third-largest consumer of oil in the world, as of 2023. FDI inflows in India's petroleum and natural gas sector stood at US$ 8.19 billion between April 2000-June 2024. Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58% of India's oil demand by 2045. Organisation of the Petroleum Exporting Countries (OPEC) meets 78% of India's crude oil demand, 59% LPG needs and 38% LNG consumption. India's oil demand in the year 2024 is expected to see a growth of 220,000 barrels per day to reach 5.57 million barrels per day, up 4.19% from 2023, as per an estimate by OPEC.

Peer Comparison:

No Listed Industry Peers

Tankup Engineers Ltd Key Points

Strengths

Diverse range of product portfolio having applications across various industry verticals.

In-house product fabrication capabilities.

Sustainable Order Book.

Stringent quality control mechanism ensuring standardized product quality.

Experienced and Qualified Management and Employee base.

Risk

The company's business is dependent on the sale of its products to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

The company is subject to strict quality requirements, customer inspections and audits, and any failures to comply with quality standards may lead to cancellation of existing and future orders and could negatively impact its reputation and the company business and results of operations and future prospects.

The company derives a significant portion of its revenue from the sale of its key product i.e. Refuellers. Any decline in the sales of the company key product could have an adverse effect on its business, results of operations and financial condition.

Strategy

Leverage our manufacturing and engineering capabilities, to tap the industry opportunities.

Cater to more end-use industries and approach new customers.

Continue to reduce operating costs and improve operational efficiencies.

Increase our geographical reach and expand our customer base.

How To Apply for Tankup Engineers Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Tankup Engineers Ltd IPO?

Tankup Engineers Ltd's IPO offers shares for up to 19.53 It begins on Apr 23, 2025 and ends on Apr 25, 2025.

What is the price of the Tankup Engineers Ltd IPO?

The price of Tankup Engineers Ltd IPO ranges between ₹133 to ₹140 per share.

What are the open and close dates for the Tankup Engineers Ltd IPO?

The Tankup Engineers Ltd IPO opens on Apr 23, 2025 and closes on Apr 25, 2025.

When will the Tankup Engineers Ltd IPO be allotted?

The allotment for the Tankup Engineers Ltd IPO will be finalised on Apr 28, 2025. The shares will be listed on BSE and NSE on Apr 30, 2025.

What is the minimum lot size required for Tankup Engineers Ltd IPO?

The minimum lot size for Tankup Engineers Ltd IPO is 1000 shares, priced between ₹133 to ₹140 per share.

What is the GMP of Tankup Engineers Ltd IPO?

The GMP (Grey Market Premium) of Tankup Engineers Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Tankup Engineers Ltd IPO?

To check the allotment status of Tankup Engineers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Tankup Engineers Ltd IPO getting listed?

The Tankup Engineers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 23, 2025, and closes on Apr 25, 2025. The allotment is finalised on Apr 28, 2025.

How do you apply for the Tankup Engineers Ltd IPO?

To apply for the Tankup Engineers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.