Tankup Engineers Limited
Bookbuilding IPO · NSE
- Price band
- ₹133 - ₹140
- Lot size
- 1,000 shares
- Issue amount
- ₹19.53 cr
- Total subscription
- 124.74×
- Opens
- 23 Apr 2025
- Closes
- 25 Apr 2025
- Allotment
- 28 Apr 2025
- Listing
- 30 Apr 2025
Offer at a glance
Issue overview
- Issue size
- 13,95,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,33,000
- Fresh issue
- ₹19.53 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 39,00,000
- Shares after issue
- 52,95,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,40,000 |
| HNI | 2 | 2,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 24 |
| NIB | — | 1,931 |
| RETAIL | — | 21,086 |
| EMPLOYEES | — | 8 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.61 | 157.65 |
| RETAIL | 6.33 | 295.2 |
| EMPLOYEES | 0.5 | 0.18 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.91 | 9.34 | 2.97 |
| ROE | 19.22 | 107.11 | 120.39 |
| ROCE | 10.63 | 46.49 | 30.3 |
| RONW | 15.35 | 62.38 | 69.75 |
| PRE IPO(PE) | 0 | 21.26 | 0 |
| POST IPO(PE) | 52.19 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Tankup Engineers Limited, incorporated in 2020, is engaged in manufacturing vehicle superstructures for complex mobility and storage requirements. The company offers customized products such as self-bunded fuel tanks, mobile diesel bowsers, aircraft refuellers, fire tenders, ground support equipment, water sprinklers, and mobile service vans, designed as per specific client needs. It caters to diverse sectors including agriculture, mining, construction, logistics, aviation, defence, and infrastructure. Tankup operates from a 2,665 sq. mtr. ISO-certified, PESO-approved facility in Lucknow and also holds MSME ZED certification, showcasing strong quality and sustainability standards. As of March 31, 2024, the company employed approximately 45 people.
Strengths
- Diverse Product Range: Provides customized mobility and storage solutions for sectors like agriculture, aviation, and defense.
- In-House Manufacturing: Complete fabrication facilities ensure better quality control and cost efficiency.
- Stable Order Flow: Consistent demand from multiple industries supports steady growth and business stability.
Risk factors
- Customer Concentration: Heavy reliance on few key customers makes revenue vulnerable if any major client reduces orders.
- Quality Compliance: Failure to meet strict quality standards or inspections may result in cancelled orders and reputational damage.
- Product Dependency: High dependence on refueller sales means any decline in demand could materially affect financial performance.
Promoters
Gaurav Lath
Pankhuri Lath
Govind Prasad Lath
Tank-Up Petro Ventures LLP
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
1262, SA Goila, Chinhat,
+91-7800008707
[email protected]Company website ↗Understanding TANKUP IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.