"Tankup Engineers IPO: Launch Date, Price Range, Allotment Info & Insights"

Amaan Khan | April 22, 2025

Hey there, IPO enthusiasts! get ready because Tankup Engineers is hitting the market with a new IPO, and we’ve got all the details you need to know. From the launch date to the price range and why this might be a solid pick for your portfolio, let’s break it down in a way that’s easy to understand .

"TankUp Engineers logo with slogan 'Fuelling Your Growth' and IPO announcement text on a green circular background."
The Tankup Engineers IPO is ready to  opening on April 23, 2025, and wrapping up on April 25, 2025. Mark those calendars, folks! This is a Book Built Issue, meaning the price will be set based on investor demand, 

IPO SIZE

The company is aiming to raise a cool ₹19.53 crores through this IPO. It’s all about a fresh issue of ₹19.53 crores, with no offer for sale mentioned (so no existing shareholders are cashing out just yet). Each share has a face value of ₹10, keeping things nice and straightforward.

" Price & Share Breakdown"

The IPO price band is set at ₹133 to ₹140 per share  Here’s how the shares are divvied up:

  • Retail investors: 35% (that’s us, the everyday folks!)
  • QIB (Qualified Institutional Buyers): 50% (big players like banks and funds)
  • HNI (High Net-Worth Individuals): 15% (the deep-pocket crew)

Key Dates to Watch

  • Allotment Date: April 28, 2025 (fingers crossed for good news!)
  • Listing Date: April 30, 2025, when Tankup Engineers officially struts its stuff on the NSE.

How’s the Company Doing?

Let’s talk numbers, because Tankup Engineers is showing some serious glow-up vibes:

  • Revenue: Jumped to ₹19.54 crores in 2024 from ₹11.85 crores in 2023. That’s some solid growth!
  • Profit: Went from ₹0.79 crores in 2023 to a tidy ₹2.57 crores in 2024. Not bad, right?

Tankup Engineers (IPO) Details

IPO Open Date:April 23, 2025 
IPO Close Date:25-Apr-25
Face Value:₹10 Per Equity Share
IPO Price Band:₹133 to ₹140 Per Share
Issue Size:Approx ₹19.53 Crores
Fresh Issue:Approx ₹19.53 Crores
Issue Type:Book Built Issue
IPO Listing:NSE SME
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Tankup Engineers IPO Market Lot

The Tankup Engineers IPO minimum market lot is 1000 shares with ₹1,40,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum11000₹1,40,000
Retail Maximum11000₹1,40,000
S-HNI Minimum22000₹2,80,000

About Promoters & Tankup Engineers

The promoters of the company are Gaurav Lath, Pankhuri Lath, Govind Prasad Lath and Tank-Up Petro Ventures LLP.

Tankup Engineers Limited, founded on December 3, 2020, is making waves as a top player in crafting custom tanks and vehicle superstructures. Specializing in solutions for storing and transporting liquids, gases, or solids, they build everything from mobile refuellers and water sprinklers to explosive vans and tank trucks. Their knack for customization means every tank is designed to meet specific client needs, serving industries like petroleum, mining, infrastructure, and defence. Whether it’s a mobile service van for on-the-go repairs or a blasting shelter for safety, Tankup delivers high-quality, practical solutions that get the job done.

Based in Lucknow, their 2,665-square-meter manufacturing facility is where the magic happens. With a dedicated team of 45 employees as of March 31, 2024, Tankup combines skill and innovation to create tanks that are tough, reliable, and tailored to perfection. Their focus on understanding client requirements—down to size, material, and capacity—sets them apart in the industry. From supporting massive mining operations to equipping defence projects, Tankup’s products are built to handle the toughest challenges. As they gear up for their IPO, Tankup Engineers is a company to watch, blending growth, quality, and a passion for solving complex storage and mobility needs!

Company Financial Report of Tankup Engineers Company

CategoryFY22FY23FY248M FY25 (ended Nov 30, 2024)
Revenue (₹ crore)1.411.8519.5412.48
Profit After Tax (₹ crore)0.050.792.570.95
Other Income (₹ crore)-0.040.12-
Expenses (₹ crore)-10.916.42-
Assets₹2.32₹8.68₹10.35₹17.67

Tankup engineers important ratio reports

KPIValues
ROE:107.11%
ROCE:46.49%
EBITDA Margin:17.84%
PAT Margin:13.23%
Debt to equity ratio:1
Average EPS (last 3 fiscals)₹5.71
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):69.75%
Net Asset Value (NAV):₹13.39

Objects of (IPO)

  • Repayment in full or in part, of certain of the outstanding borrowings;
  • Funding to meet working capital requirements
  • General Corporate Purpose

Tankup Engineers IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

IPO lead managers & marchant banker

  • Hem Securities Limited

Company Address

Tankup Engineers Limited
1262,
SA Goila,
Chinhat,
Phone: +91-7800008707
Email: cs@tankup.co.in
Website: https://www.tankup.co.in/

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