Tankup Engineers IPO
IPO Listing Details
- Listing Date
30 Apr 2025
- Listing Price
₹ 175.00
- Listing Change
25.00%
- Last Traded Price
₹ 160.55
IPO Details
-
Open Date
23 Apr 2025
-
Close Date
25 Apr 2025
-
Listing Date
30 Apr 2025
- IPO Price Range
₹ 133 to ₹ 140
- IPO Size
₹ 19.53 Cr
- Listing Exchange
NSE SME
IPO Timeline
Tankup Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Apr-25 | 1.94 | 0.73 | 1.12 | 1.22 |
| 24-Apr-25 | 1.94 | 3.65 | 3.8 | 3.11 |
| 25-Apr-25 | 43.65 | 437.62 | 46.51 | 124.67 |
Last Updated: 30 April 2025 12:22 PM by 5Paisa
Tankup Engineers Limited is launching its IPO worth ₹19.53 crores. The company manufactures custom vehicle superstructures for diverse sectors like aviation, defense, mining, and logistics. Its product range includes fuel tanks, refuelers, fire tenders, and mobile diesel bowsers. Operating from a 2,665 sq. mtr. ISO-certified facility in Lucknow, Tankup Engineers specializes in tailor-made tanks and equipment, with a strong focus on quality, safety, and Zero Defect Zero Effect (ZED) manufacturing.
Established in: 2020
Managing Director: Mr. Gaurav Lath
Objectives
1. Repayment of outstanding borrowings
2. Working capital requirements
3. General corporate purposes
Tankup Engineers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹19.53 Cr. |
| Offer For Sale | - |
| Fresh Issue | ₹19.53 Cr. |
Tankup Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 133,000 |
| Retail (Max) | 1 | 1000 | 133,00o |
| HNI (Min) | 2 | 2000 | 266,000 |
Tankup Engineers IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 43.65 | 2,58,000 | 1,12,61,000 | 157.65 |
| NII (HNI) | 437.62 | 1,94,000 | 8,48,99,000 | 1,188.59 |
| Retail | 46.51 | 4,52,000 | 2,10,21,000 | 294.29 |
| Total** | 124.67 | 9,40,000 | 11,71,94,000 | 1,640.72 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Tankup Engineers IPO Anchor Allocation
| Anchor Bid Date | 22 April, 2025 |
| Shares Offered | 3,85,000 |
| Anchor portion Size (In ₹ Cr.) | 5.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | 28 May, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | 27 July, 2025 |
Tankup Engineers Industry Landscape and Growth Potential
1. India’s infrastructure spending rose by 11.1% in the 2024–25 Interim Budget, with a capital outlay of ₹11.11 lakh crore—equivalent to 3.4% of GDP.
2. The National Infrastructure Pipeline is backing over 9,000 projects, focusing on transport, bridges, and road development.
3. Diesel consumption in India is projected to nearly double by 2030, highlighting growing industrial and logistical needs.
4. Amendments to mining laws have streamlined royalty and auction processes, boosting exploration of key minerals.
5. Defence sector investments reached ₹6.21 lakh crore in FY25, with new policies encouraging private participation and domestic manufacturing.
6. Aviation is growing fast, with a fleet expansion of 2,200+ aircraft expected by 2042.
7. Rising demand from core industries is propelling the engineering and fabrication market.
Why Invest in Tankup Engineers IPO?
1.Strong revenue growth from ₹1.4 Cr in FY22 to ₹19.54 Cr in FY24 potentially shows rapid scale-up.
2.Core product—mobile refuellers—dominates market share with rising demand in remote logistics and mining.
3. Healthy order book includes contracts with government bodies like the Indian Air Force.
4. Operates from an ISO-certified facility with in-house production for better quality control.
5. Diversified customer base across defence, aviation, mining, and infrastructure sectors.
6. Backed by India’s booming capex cycle and diesel demand forecasted to double by 2030.
7. Experienced leadership and trained technical team supporting operational excellence.
8. IPO proceeds will reduce debt and strengthen working capital—enhancing future scalability.
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 1.40 | 11.85 | 19.54 |
| EBITDA | 0.08 | 1.27 | 3.46 |
| PAT | 0.05 | 0.79 | 2.57 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 2.32 | 8.68 | 1o.35 |
| Share Capital | 0.15 | 0.25 | 0.25 |
| Total Borrowings | 1.42 | 2.57 | 3.69 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -0.60 | -0.66 | -0.80 |
| Net Cash Generated From / (used in) investing activities | 1.22 | 1.10 | 0.80 |
| Net Cash Generated From / (used in) financing activities | -0.54 | -0.30 | -0.14 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.08 | 0.14 | -0.15 |
Strengths
1. Tankup has reduced reliance on petroleum by diversifying into infrastructure and other sectors.
2. It leads the mobile refueller market with strong adoption in remote locations.
3. In-house manufacturing improves control over quality, cost, and timelines.
4. A skilled team ensures consistent performance and project execution.
Weaknesses
1. Heavy dependence on mobile refuellers exposes the business to segment-specific risks.
2. Ongoing legal issues could harm reputation and operations.
3. Limited geographic presence restricts growth and scalability.
4. High working capital needs can strain resources during expansion.
Opportunities
1. Expanding beyond Lucknow can tap into new growth markets across India.
2. Growing defence and aviation sectors offer long-term demand for specialized fuel systems.
3. Sustainability trends open opportunities in green and EV refuelling solutions.
4. Neighboring countries present new markets for mobile fuel solutions.
Threats
1. A drop in mobile refueller demand can impact revenue significantly.
2. Increasing competition could pressure prices and margins.
3. Regulatory changes or compliance failures may disrupt operations.
4. Sustained cash flow issues may hinder funding and growth plans.
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FAQs
Tankup Engineers IPO opens from 23 April 2025 to 25 April 2025.
The size of Tankup Engineers IPO is ₹19.53 Cr.
The price of Tankup Engineers IPO is fixed at ₹133 to ₹140 per share.
To apply for Tankup Engineers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Tankup Engineers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Tankup Engineers IPO is 1,000 shares and the investment required is ₹133,000.
The share allotment date of Tankup Engineers IPO is 28 April 2025
The Tankup Engineers IPO will likely be listed on 30 April 2025.
Hem Securities Limited is the book running lead manager for Tankup Engineers IPO.
Tankup Engineers plans to utilise the raised capital from the IPO for:
1. Repayment of outstanding borrowings
2. Working capital requirements
3. General corporate purposes
Contact Information
Tankup Engineers
Tankup Engineers Limited
1262,
SA Goila,
Chinhat,
Phone: +91-7800008707
Email: cs@tankup.co.in
Website: https://www.tankup.co.in/
Tankup Engineers IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tankup Engineers IPO Lead Manager
Hem Securities Limited
