Tankup Engineers NSE SME IPO
ListedNSE SMEOpens 23 April 2025Closes 25 April 2025
Tankup Engineers Limited, started in 2020, makes special vehicle bodies for fuel and storage needs. They build products like fuel tanks, mobile diesel carriers, aircraft refuelers, fire trucks, and ground support tools.…
Tankup Engineers Limited, started in 2020, makes special vehicle bodies for fuel and storage needs. They build products like fuel tanks, mobile diesel carriers, aircraft refuelers, fire trucks, and ground support tools. They also create custom tanks for transporting or storing liquids, gases, or solids, based on client needs. Their customers include industries like farming, mining, construction, transport, aviation, defense, and infrastructure.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
23 Apr 2025
IPO Closes
25 Apr 2025
Allotment
28 Apr 2025
Listing
30 Apr 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 23 April 2025 |
| IPO Close Date | 25 April 2025 |
| Allotment Date | 28 April 2025 |
| Listing Date | 30 April 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,80,000 |
SHNI (Min) | 3 | ₹4,20,000 |
SHNI (Max) | 7 | ₹9,80,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,20,000 |
IPO Objectives
- Repayment in full or in part, of certain of the outstanding borrowings
- Funding to meet working capital requirements
- General Corporate Purposes.
Strengths
- Tankup has reduced its dependence on petroleum by expanding into infrastructure and other sectors.
- It is a market leader in mobile refuellers, especially in remote areas.
- In-house manufacturing helps maintain quality, cut costs, and meet deadlines.
- A skilled team supports smooth operations and reliable project delivery.
Weaknesses
- Relying heavily on mobile refuellers makes the business vulnerable to risks in that segment.
- Ongoing legal matters may affect its image and operations.
- Limited reach to certain regions hampers growth and scalability.
- High working capital needs may pressure finances during expansion.
Financial Performance
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 17.67 | 10.35 | 8.68 | 2.32 |
| Revenue (₹ Cr.) | 12.48 | 19.54 | 11.85 | 1.4 |
| PAT (₹ Cr.) | 0.95 | 2.57 | 0.79 | 0.05 |
| Net Worth (₹ Cr.) | 6.17 | 3.68 | 1.11 | 0.2 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.94x | 1.94x | 43.65x |
| NII | 0.73x | 3.66x | 437.59x |
| RII | 1.12x | 3.81x | 44.29x |
| Total | 1.22x | 3.12x | 123.6x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 2,58,000 | 1,12,61,000 | 157.65 |
| NII | 1,94,000 | 8,48,92,000 | 1,188.49 |
| RII | 4,52,000 | 2,00,21,000 | 280.29 |
| Total | 9,40,000 | 11,61,87,000 | 1,626.62 |
Company Details
- Tankup Engineers
- 1262, SA Goila, Chinhat Lucknow-226019, Uttar Pradesh
- +91-7800008707
- cs@tankup.co.in
- https://www.tankup.co.in/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/ipo_status.html
Frequently Asked Questions
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Sources
We match Tankup Engineers NSE SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.