Tankup Engineers Ltd IPO
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Tankup Engineers Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 13.95 L | TBA | TBA | ₹ 39 L | NSE | ₹ 19.53 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Apr, 25 | 25 Apr, 25 | 1000 | ₹ 1,33,000 | Book Building - SME | 30 Apr, 25 |
Tankup Engineers Ltd IPO Dates
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 | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 1395000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Tankup Engineers Ltd Financial Status
Income Statement
Balance Sheet
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.
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.
Peer Comparison:
- No Listed Industry Peers
Tankup Engineers Ltd IPO 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.
- 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.
How To Apply for Tankup Engineers Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
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.
