Tankup Engineers IPO Details:
Tankup Engineers is launching its Initial Public Offering (IPO) from April 23, 2025, to April 25, 2025. The IPO is a book building issue listed on the NSE SME platform. The face value of each share is ₹10, and the issue price band ranges from ₹133 to ₹140 per share.
The IPO has a lot size of 1,000 shares, with a total issue size of 13,95,000 shares, amounting to ₹19.53 crores. It is a complete fresh issue, indicating that all 13,95,000 shares are newly issued by the company and not offered by existing shareholders.
Before the IPO, the company’s total shareholding stood at 39,00,000 shares. Post-issue, the total shareholding will increase to 52,95,000 shares, indicating a significant capital infusion. Additionally, 70,000 shares are reserved for the Market Maker Portion, ensuring liquidity in the stock post-listing.
Tankup Engineers IPO Important Date
The Tankup Engineers IPO is scheduled to open on April 23, 2025 (Wednesday) and will close on April 25, 2025 (Friday). Investors are required to complete the UPI mandate confirmation by 5 PM on April 25, 2025.
The tentative allotment of Tankup Engineers IPO shares is expected to take place on April 28, 2025 (Monday), followed by the initiation of refunds and credit of shares to Demat accounts on April 29, 2025 (Tuesday).
The IPO is tentatively set to be listed on the stock exchange on April 30, 2025 (Wednesday), subject to regulatory approvals and successful completion of the allotment process.
Tankup Engineers IPO Lot Size
Investors applying for the Tankup Engineers IPO can place bids for a minimum of 1,000 shares, and in multiples thereof. The minimum and maximum application size for retail investors is set at 1 lot, which equals 1,000 shares, amounting to an investment of ₹1,40,000.
For High Net-worth Individuals (HNIs), the minimum application size is 2 lots, totaling 2,000 shares, which requires an investment of ₹2,80,000.
Tankup Engineers Promoter Holding
The promoters of Tankup Engineers include Gaurav Lath, Pankhuri Lath, Govind Prasad Lath, and Tank-Up Petro Ventures LLP. Before the Tankup Engineers IPO, the entire shareholding of the company 100% was held by the promoters, indicating complete promoter ownership prior to the public issue.
More About Tankup Engineers
Established in 2020, Tankup Engineers Limited is involved in producing vehicle superstructures that cater to advanced mobility and storage needs.
The company manufactures a diverse range of products such as self-contained fuel tanks, mobile diesel dispensers, aircraft refueling units, fire response vehicles, and other ground handling equipment.
Tankup Engineers focuses on crafting customized tanks designed for the transportation or storage of various substances including liquids, gases, and solids based on client-specific requirements like size, material, capacity, and functionality.
It caters to a wide range of industries including agriculture, mining, construction, logistics, aviation, defense, and infrastructure.
Tankup Engineers runs a 2,665 square meter facility in Lucknow. The facility holds ISO certifications, PESO approval, and has earned MSME ZED certification for adhering to the principles of Zero Defect and Zero Effect in its manufacturing processes.
Tankup Engineers Financials
Tankup Engineers Limited has shown substantial financial growth over the past few years. As of 30th November 2024, the company reported total assets of ₹17.67 crore, marking a strong increase from ₹10.35 crore in March 2024 and ₹8.68 crore in March 2023. This reflects continuous expansion in its operations and infrastructure.
In terms of revenue, the firm posted ₹12.48 crore for the eight months ending November 2024. This follows an impressive ₹19.54 crore in FY 2023–24, up from ₹11.85 crore in FY 2022–23 and just ₹1.4 crore in FY 2021–22, indicating a robust growth trajectory in sales.
Profit after tax stood at ₹0.95 crore for the eight-month period ending November 2024. This figure trails the previous full-year profit of ₹2.57 crore in FY 2023–24, which was significantly higher than ₹0.79 crore in FY 2022–23 and ₹0.05 crore in FY 2021–22.
The company’s net worth has steadily risen, reaching ₹6.17 crore as of November 2024, compared to ₹3.68 crore in March 2024, ₹1.11 crore in March 2023, and ₹0.2 crore in March 2022. Similarly, reserves and surplus increased to ₹2.27 crore in November 2024 from ₹3.43 crore in March 2024 and ₹0.86 crore a year earlier.
Total borrowings also grew, standing at ₹7.59 crore in November 2024, up from ₹3.69 crore in March 2024, indicating a greater reliance on debt, potentially for expansion or working capital purposes.
Overall, the financials reflect a growing enterprise with increasing scale, improving profitability, and strengthening capital reserves.
Tankup Engineers IPO Objectives
Tankup Engineers Limited plans to utilize the proceeds from its upcoming Initial Public Offering (IPO) for multiple strategic purposes aimed at strengthening its financial position and operational capacity.
A primary objective OF Tankup Engineers IPO is to reduce its existing debt by repaying, either fully or partially, certain outstanding borrowings. An allocation of ₹35 million is designated for this purpose, which will help ease interest obligations and improve the company’s balance sheet.
Another major portion of the Tankup Engineers IPO proceeds amounting to ₹100 million is earmarked to address working capital needs. This funding will support the company’s day-to-day operations, including inventory purchases, vendor payments, and other operational expenses, ensuring smoother and uninterrupted business activity.
The remaining funds will be directed towards general corporate purposes. This typically includes expenses related to strategic initiatives, brand building, administrative overheads, and possible expansion plans. These allocations reflect Tankup Engineers’ commitment to sustainable growth and operational efficiency.
Tankup Engineers IPO Registrar Details
Name: Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tankup Engineers IPO Details.
| Category | Details |
|---|---|
| IPO Opening Date | April 23, 2025 (Wednesday) |
| IPO Closing Date | April 25, 2025 (Friday) |
| Issue Price Band | ₹133 to ₹140 per share |
| Face Value of Each Share | ₹10 |
| Total Issue Size | 13,95,000 shares (₹19.53 crores) |
| Lot Size | 1,000 shares |
| Minimum Application Size | 1 lot (1,000 shares) ₹1,40,000 |
| Maximum Application Size (Retail) | 1 lot (1,000 shares) ₹1,40,000 |
| Minimum Application Size (HNIs) | 2 lots (2,000 shares) ₹2,80,000 |
| Market Maker Portion | 70,000 shares |
| Pre-IPO Shareholding | 39,00,000 shares (100% promoter-held) |
| Post-IPO Shareholding | 52,95,000 shares |
| Promoter Holding | Gaurav Lath, Pankhuri Lath, Govind Prasad Lath, Tank-Up Petro Ventures LLP |
| Company Establishment Year | 2020 |
| Sector | Vehicle superstructures, fuel tanks, refueling units, fire response vehicles |
| Facility Location | 2,665 sq. meters in Lucknow |
| DRHP | |
| RHP | Click Here |
| MSME ZED Certification | Yes |
| Financial Year FY 2023-24 Revenue | ₹19.54 crores |
| Financial Year FY 2023-24 PAT | ₹2.57 crores |
| Assets (Nov 2024) | ₹17.67 crore |
| Net Worth (Nov 2024) | ₹6.17 crore |
| Borrowings (Nov 2024) | ₹7.59 crore |
| IPO Objectives | Debt reduction, working capital needs, general corporate purposes |
| IPO Registrar | Bigshare Services Pvt Ltd |
| Registrar Contact Info | Phone: +91-22-6263 8200, Email: ipo@bigshareonline.com |
| IPO Listing Date | April 30, 2025 (Wednesday) (tentative) |
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