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Tankup Engineers IPO
₹1,33,000/1000 shares
Minimum Investment
IPO Details
23 Apr 25
25 Apr 25
₹1,33,000
1000
₹133 to ₹140
NSE
₹19.53 Cr
30 Apr 25
Tankup Engineers IPO Timeline
Bidding Start
23 Apr 25
Bidding Ends
25 Apr 25
Allotment Finalisation
28 Apr 25
Refund Initiation
29 Apr 25
Demat Transfer
29 Apr 25
Listing
30 Apr 25
Tankup Engineers Limited
Tankup Engineers Limited manufactures specialised vehicle superstructures for advanced mobility and storage solutions. Their product range includes tanks and containers for liquids, gases, or solids, tailored to client specifications. They serve industries such as petroleum, mining, infrastructure, and defence. Their offerings include mobile refuellers, water sprinklers, service vans, explosive vans, and blasting shelters. With an ISO-certified facility in Lucknow, Tankup also fabricates ground support equipment for aviation and defence. The company is recognised by PESO and holds the ZED certification for sustainable manufacturing practices.
Tankup Engineers IPO is a book-building issue of ₹19.53 crore, comprising a fresh issue of 13.95 lakh shares. The IPO opens on April 23 and closes on April 25, 2025. Priced between ₹133–₹140, the minimum lot is 1,000 shares. Listing is on NSE SME by April 30, with Hem Securities as the lead manager.
Tankup Engineers IPO Details
| Particulars | Details |
| IPO Date | April 23, 2025 to April 25, 2025 |
| Listing Date | April 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 13,95,000 shares (aggregating up to ₹19.53 Cr) |
| Fresh Issue | 13,95,000 shares (aggregating up to ₹19.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,00,000 shares |
| Share Holding Post Issue | 52,95,000 shares |
| Market Maker Portion | 70,000 shares |
Tankup Engineers IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Tankup Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Tankup Engineers IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 73.65% |
Tankup Engineers Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 1.66 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 15.46% |
| Net Asset Value (NAV) | 11.59 |
| Return on Equity | 15.46% |
| Return on Capital Employed (ROCE) | 18.60% |
| EBITDA Margin | 13.79% |
| PAT Margin | 8.20% |
| Debt to Equity Ratio | 0.19 |
Objectives of the Proceeds
- Repayment in full or in part, of certain of our outstanding borrowings, ₹350 lakhs
- Funding to meet working capital requirements
- Meetig general corporate expenses
Key Financials (in ₹ lakhs)
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1035.41 | 867.59 | 232.29 |
| Revenue | 1941.85 | 1181.07 | 139.78 |
| Profit After Tax | 256.88 | 78.87 | 4.60 |
| Reserves and Surplus | 343.27 | 86.39 | 4.63 |
| Total Borrowings | 369.34 | 256.66 | 141.78 |
SWOT Analysis of Tankup Engineers IPO
Strength and Opportunities
- Diverse product portfolio serving multiple sectors like defence, aviation, and infrastructure.
- In-house fabrication capabilities ensuring quality control and customization.
- Sustainable order book with consistent demand across industry verticals.
- ISO-certified and PESO-approved manufacturing facility in Lucknow.
- Expansion into defence and aviation sectors, including orders from the Ministry of Defence.
Risks and Threats
- Limited operating history since incorporation in 2020, affecting performance predictability.
- High revenue dependence on a few major clients, posing customer concentration risk.
- Reliance on commercial vehicle OEMs for chassis; supply disruptions can impact operations.
- Heavy reliance on refueller sales; decline in demand could affect financial performance.
- Failure to meet strict quality standards may lead to order cancellations and reputational damage.
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Tankup Engineers Limited IPO
IPO Strengths
- Tankup offers a wide product portfolio across infrastructure, petroleum, mining, defence, and aviation, reducing dependence on any single sector.
- The company has in-house fabrication capabilities with strict quality control, ensuring precise, validated outputs that meet customer specifications.
- A strong and growing order book reflects Tankup’s consistent performance and diversified industry presence.
- Rigorous quality mechanisms and multiple certifications help ensure reliability, compliance, and long-term product integrity.
- The experienced leadership and skilled workforce contribute significantly to strategy, product development, and operational excellence.
Peer Group Comparison
As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Tankup Engineers Limited IPO
How can I apply for Tankup Engineers Limited IPO?
You can apply via HDFCSky, or other brokers using UPI-based ASBA (Application Supported by Blocked Amount).
What is the price range of the Tankup Engineers IPO?
The IPO price range is set between ₹133 and ₹140 per share.
What is the minimum investment required in this IPO?
Investors must invest at least ₹1,40,000, which equals one lot of 1000 shares.
When will the Tankup Engineers IPO be listed?
The shares are scheduled to be listed on the BSE SME platform on 30 April 2025.
What are the IPO open and close dates?
The IPO opens on 23 April 2025 and closes on 25 April 2025.
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