Tankup Engineers was incorporated on November 03, 2020. The company manufactures specialized vehicle superstructures for complex mobility and storage solutions, including custom-built tanks for liquids, gases, or solids. It serves diverse industries such as petroleum, mining, infrastructure, and defense
| Bidding Dates |
|---|
| 23 Apr 2025 - 25 Apr 2025 |
| Subscription |
|---|
| 116.17x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,33,000 | 1 | 1 | 1000 | 1.4 M | ₹133 - ₹140 | 73.65 % | ₹185.5 M - ₹195.3 M | RHP DOC |
Tankup Engineers IPO SUBSCRIPTION STATUS
25 Apr '25Tankup Engineers IPO overall subscription rate was 116.17 times the total available shares
Tankup Engineers IPO retail subscription rate was 59.65 times in the retail segment
Tankup Engineers IPO non-institutional investor subscription rate was 560.94 times in the non-institutional investor category
Tankup Engineers IPO Qualified Institutional Bidder subscription rate was 22.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
25 Apr 2025 (Day 3) | 59.65x | 560.94x | 22.3x |
24 Apr 2025 (Day 2) | 4.76x | 5.15x | 0.99x |
23 Apr 2025 (Day 1) | 1.36x | 0.93x | - |
Tankup Engineers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY25 | 9.5 | 124.5 | -41.5 | -44.7 | 12.6% |
| FY24 | 25.7 | 194.2 | -8.0 | -8.6 | 17.8% |
| FY23 | 7.9 | 118.1 | -6.6 | -9.1 | 10.8% |
| FY22 | 0.5 | 14.0 | -6.0 | -10.9 | 5.8% |
Tankup Engineers IPO SUBSCRIPTION STATUS DETAILS
Tankup Engineers had 1.4 M shares on offer
Tankup Engineers IPO offer price was in the range ₹133 - ₹140
Tankup Engineers IPO minimum Investment was ₹133000
Tankup Engineers IPO issue size was ₹ 185.5 M - ₹ 195.3 M
Tankup Engineers had a minimum lot size of 1000 Shares per application
Tankup Engineers NUMBER OF SHARES ON OFFER
Tankup Engineers IPO IMPORTANT DATES
| Issue Open Date | 23 Apr 2025 |
| Issue close Date | 25 Apr 2025 |
| Allotment Date | 28 Apr 2025 |
| Refund Date | 29 Apr 2025 |
| Demat Account Credit Date | 29 Apr 2025 |
| Listing Date | 30 Apr 2025 |
| Listing on Exchange(s) | NSE |
| Tankup Engineers Allotment Status | Exchange/ Registrar |
Tankup Engineers IPO subscription opened on 23 Apr 2025, and closed on 25 Apr 2025
IPO allotment for Tankup Engineers was finalized on Monday, 28 Apr 2025
IPO listing for Tankup Engineers was on NSE on Wednesday, 30 Apr 2025
Tankup Engineers IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 175.0 |
| Listing Close Price | 183.8 |
| Listing Gain% | 25.0% |
| Current Gain% | 785.7% |
Tankup Engineers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tankup Engineers Ltd. | 1240 | 656.6 | 137.4 | 0.6 | 11.3 | 16.1 | 6.6 | 58 | 183.4 | 4.8 | 213.6 | 9 | 213.6 |
| Cummins India Ltd. | 5416 | 150131.5 | 63.4 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4278.1 | 109539.3 | 83.9 | 1.2 | 16.3 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36175 | 40751.5 | 78 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2081.7 | 30292.9 | 55.5 | 3.5 | 3.8 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| LMW Ltd. | 17400 | 18588.4 | 106.3 | 1.5 | 5.5 | 4.6 | 3.1 | 3353.4 | 6.9 | 130.7 | 27.4 | 163.6 | 69.6 |
Tankup Engineers INFORMATION ON IPO ISSUE
About Tankup Engineers
Tankup Engineers was incorporated on November 03, 2020. The company manufactures specialized vehicle superstructures for complex mobility and storage solutions, including custom-built tanks for liquids, gases, or solids. It serves diverse industries such as petroleum, mining, infrastructure, and defense
Object of the Issue
- Repayment in full or in part, of certain of its outstanding borrowings
- Funding to meet working capital requirements
- General corporate purpose
Tankup Engineers - PROMOTERS
| Name |
|---|
| Govind Prasad Lath |
| Gaurav Lath |
| Pankhuri Lath |
| Tank-Up Petro Ventures LLP |
Tankup Engineers Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Tankup Engineers Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Tankup Engineers Strengths
Diversified product portfolio
The company has evolved into a specialized vehicle superstructure solutions provider with a diverse product portfolio across industries like petroleum, mining, infrastructure, defense, and aviation. This diversification reduces dependence on any single sector and minimizes industry-specific risks
In-house fabrication capabilities
The company operates from its manufacturing facility in Lucknow, Uttar Pradesh, with in-house fabrication capabilities. It sources chassis from trusted OEMs and fabricates superstructures using quality-checked raw materials, ensuring products meet customer requirements and pass all tests and validations
Standard quality checks
The company is committed to delivering high-quality, compact, and durable designs with pilferage-proof tanks for optimal utility. It follows stringent quality checks at every fabrication stage to meet customer specifications and ensure product reliability
Tankup Engineers Risks
Audits & inspections
The company is subject to stringent quality standards, inspections, and audits. Non-compliance may lead to order cancellations, damaging its reputation, business performance, and future prospects
Depend on design & engineering team
The company relies heavily on its design and engineering teams for accurate estimates. Deviations during execution may negatively impact cash flows, operations, and financial condition
Labour intensive
The company’s manufacturing relies on the availability and retention of skilled labor. Inability to secure or retain such workforce may disrupt operations and impact profitability
IPO FAQs
The promoters of the company are Govind Prasad Lath, Gaurav Lath, Pankhuri Lath and Tank-Up Petro Ventures LLP.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 133.0 - 140.0.
The IPO application opens on Apr 23, 2025 and closes on Apr 25, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 133,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Apr 28, 2025.
The refund will be credited to your account on Apr 29, 2025.
The allotted shares will be credited to your demat on Apr 29, 2025.
Tankup Engineers Ltd.’s shares listed on the stock exchanges on Apr 30, 2025.