April 17, 2025
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What was the last grey market premium of Tankup Engineers IPO?
Rs. 0
Listing Review: Will update on listing.
Subscription status of Tankup Engineers IPO
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Tankup Engineers IPO Price Rs. 140 Lot 1000 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Note: | ||||
Tankup Engineers Allotment Link:
What is the business of Tankup Engineers?
Founded in 2020, Tankup Engineers Limited specializes in designing and manufacturing advanced vehicle superstructures for mobility and storage solutions across diverse industries.
The company delivers a wide range of custom-built products, including:
- Self-bunded fuel tanks
- Mobile diesel bowsers
- Aircraft refuelers
- Fire tenders
- Ground support equipment
Tankup is known for its expertise in building tailor-made tanks and mobile units for transporting or storing liquids, gases, and solids. Each product is customized to meet client-specific requirements related to size, material, capacity, and functionality.
Industries Served:
Agriculture, Mining, Construction, Logistics, Aviation, Defense, and Infrastructure.
Manufacturing Facility:
Tankup operates a modern 2,665 sq. mtr. plant in Lucknow, accredited with:
- ISO certifications
- PESO approval
- MSME ZED certification (Zero Defect, Zero Effect manufacturing)
Key Products:
- Mobile Refuellers: IoT-enabled solutions for efficient, real-time fuel management.
- Water Sprinklers: Designed for effective water usage, dust control, and safety.
- Mobile Service Vans: Engineered for reliable, on-site equipment maintenance.
As of March 31, 2024, Tankup Engineers employs approximately 45 professionals across various functions.
Get more information about the company @ https://www.tankup.co.in/
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Tankup Engineers IPO Details |
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| IPO opens on | 23 April 2025 |
| IPO closes on | 28 April 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1994000 Shares / Rs 10.17 Crore |
| * Fresh Issue | 1395000 Shares / Rs 19.53 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 70000 Shares |
| Net offer to Public | 1325000 Shares/ Rs 18.55 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 133-140 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 662500 | 9.27 |
| HNI (15% | 198750 | 2.78 |
| RII (35%) | 463750 | 6.49 |
| Total Shares | 1325000 | 18.53 |
| Retail portion will be oversubscribed by |
464 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.140000 |
| Min HNI Application | 2000 Shares | Rs. 280000 |
Who are the Promoters of Tankup Engineers?
Gaurav Lath, Pankhuri Lath, Govind Prasad Lath and Tank-Up Petro Ventures LLP are the promoters of the company.
What are the Objects of Tankup Engineers IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
- Repayment in full or in part, of certain of the outstanding borrowings
- Funding to meet working capital requirements
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 23 April 2025 |
| IPO Closes on | 25 April 2025 |
| IPO Allotment on | 28 April 2025 |
| Refund Initiation | 29 April 2025 |
| Credit of Shares | 29 April 2025 |
| Listing on | 30 April 2025 |
| Registered Office of the Company Tankup Engineers Limited 1262, SA Goila, Chinhat, |
| Who is the Lead Manager of this IPO? Hem Securities Ltd |
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Who is the Registrar to IPO? Bigshare Services Pvt ltd |
Tankup Engineers IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Tankup Engineers IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 1.40 | 0.05 | – | – |
| 2022-23 | 11.85 | 0.79 | – | – |
| 2023-24 | 19.54 | 2.57 | 6.59 | 69.75 |
| Book Value of the Share on 31.03.2024 |
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| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 140 | ||
Key Performance
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| Price/EPS of 23-24 | 21.26 |
| Price/BV Ratio | 10.46 |
| Debt/Equity Ratio | 1.00 |
How Tankup Engineers IPO compares with the Peers?
The company believes there is no other listed company which is specifically comparable to it w.r.t its business model, size and financials.
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Tankup Engineers IPO Review by Paresh Gordhandas, CA & Research Analyst.
Founded in 2020, Tankup Engineers Limited specializes in designing and manufacturing advanced vehicle superstructures for mobility and storage solutions across diverse industries.
The company delivers a wide range of custom-built products, including:
- Self-bunded fuel tanks
- Mobile diesel bowsers
- Aircraft refuelers
- Fire tenders
- Ground support equipment
Tankup is known for its expertise in building tailor-made tanks and mobile units for transporting or storing liquids, gases, and solids.
The size of the IPO is not so large. During last 3 years, the total income has declined but net profit shows sharp rise. Based on the increased profits, the shares are offered at reasonable valuation.
Recently the company has initiated to further expand its operations in defence and aviation industry. The company has received order from Ministry of Defence for supply of specialized vehicles superstructure designed for defence to be delivered at designated IAF station spread across India. It has also received order for supply of refuellers finding application in defence industry.
The size of the IPO isnot very large. With only 464 applications, retail portion can get one time subscrieribed
+ from fundamental angle: May Apply
+ from grey market angle: ?
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