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Tankup Engineers IPO
Price Band
₹133.0–140.0
Issue Size
₹19.53 Cr
Lot Size
1,000 shares
Min Investment
₹140,000
GMP
+₹8.0 (5.71%)
Issue Price
₹140.0
Subject to Sauda
₹6100
Paid only if allotted
Tankup Engineers IPO AI Summary
- Tankup Engineers IPO is listed on NSE SME.
- Price band: ₹133.0–₹140.0 per share, lot size 1,000 shares (min. investment ₹140,000).
- Subscription window: 23 Apr–25 Apr 2025, listing on 30 Apr 2025.
- Current GMP is +₹8.0 (5.71%), an estimated listing price of ₹148 — unofficial and can change daily.
Tankup Engineers Limited is an SME IPO focused on manufacturing custom-built tanks for various applications across multiple sectors. With a diverse product portfolio and a strong management team, the company aims to utilize the proceeds from the IPO for debt repayment, working capital, and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Tankup Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Apr 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Tankup Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹8.0
GMP %
+5.71%
Est. Listing
₹148.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2020, Tankup Engineers Limited is engaged in the manufacturing of vehicle superstructure for complex mobility and storage solutions. The company offers products including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The company specializes in manufacturing custom-built tanks for transporting or storing liquids, gases, or solids, tailored to client specifications in size, material, capacity, and functional features. The company serves sectors such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure. The company operates a 2,665 sq. mtr. facility in Lucknow, accredited with ISO certifications and PESO approval, and holds MSME ZED certification for Zero Defect Zero Effect manufacturing. Products: Mobile Refuellers:IoT-enabled fuel solutions optimize management across multiple industrial sectors. Water sprinkler:Custom water sprinklers enhance efficiency, conserve water, ensure safety. Mobile Service Van:Customized service vans enable safe, efficient on-site equipment maintenance. As on March 31, 2024, the company has employed approximately 45 employees at various levels of the Organization. Competitive Strengths: Diverse range of product portfolio having applications across various industry verticals. In-house product fabrication capabilities. Sustainable Order Book Stringent quality control mechanism ensuring standardized product quality Experienced and Qualified Management and Employee base
Company Financials (₹ Cr)
As of 2024-11-30
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 17.67 | 10.35 | 8.68 | 2.32 |
| Total Income | 12.48 | 19.54 | 11.85 | 1.40 |
| Profit After Tax | 0.95 | 2.57 | 0.79 | 0.05 |
| NET Worth | 6.17 | 3.68 | 1.11 | 0.20 |
| Reserves and Surplus | 2.27 | 3.43 | 0.86 | 0.05 |
| Total Borrowing | 7.59 | 3.69 | 2.57 | 1.42 |
Key Ratios
EPS
₹6.59
NAV
₹13.39
ROE
107.11%
ROCE
46.49%
RoNW
69.75%
P/B Value
10.46
P/E Ratio
21.26
Market Cap
₹74.13 Cr
PAT Margin
13.23%
Debt/Equity
1.00
Promoters
Gaurav Lath, Pankhuri Lath, Govind Prasad Lath and Tank-Up Petro Ventures LLP
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment in full or in part, of certain of the outstanding borrowings 3.50 2 Funding to meet working capital requirements 10.00 3 General Corporate Purposes 4.61 4 Issue Expenses 1.42 Total 19.53
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹1.40 Cr in the period ending 31 Mar 2022, increasing to ₹11.85 Cr by 31 Mar 2023. However, it peaked at ₹19.54 Cr in the period ending 31 Mar 2024 before dropping to ₹12.48 Cr by 30 Nov 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.05 Cr in the period ending 31 Mar 2022, rising to ₹0.79 Cr by 31 Mar 2023. It further increased to ₹2.57 Cr in the period ending 31 Mar 2024, but then decreased to ₹0.95 Cr by 30 Nov 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the premium at which shares are expected to trade in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the IPO may list at a higher price than the issue price, reflecting investor demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as the company's growth potential and market conditions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, predictable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on April 23, 2025, and closes on April 25, 2025. Allotment of shares is expected by April 28, 2025, with the listing date set for April 30, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience a surge in price on their first day of trading, others may not. Investors should be aware that market conditions, company performance, and investor sentiment can all influence listing-day outcomes.
This evaluation is generated from Tankup Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Tankup Engineers IPO GMP today?
Tankup Engineers IPO GMP today is +₹8.0 (5.71%), indicating an estimated listing price of ₹148. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Tankup Engineers IPO?
The price band of Tankup Engineers IPO is ₹133.0–₹140.0 per share.
When does Tankup Engineers IPO open and close?
Tankup Engineers IPO opens on 23 April 2025 and closes on 25 April 2025.
When does Tankup Engineers IPO list on the stock exchange?
Tankup Engineers IPO listed on 30 April 2025 at ₹148.0.
What is the lot size for Tankup Engineers IPO?
The lot size for Tankup Engineers IPO is 1000 shares, requiring a minimum investment of ₹140,000.
What is the price band for the IPO?
The price band for the IPO is ₹133.0 to ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the lot size for the IPO?
The lot size for the IPO is 1000 shares.
When does the IPO open and close?
The IPO opens on April 23, 2025, and closes on April 25, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, indicating the expected premium at which shares may trade before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Apr 2025
Close
25 Apr 2025
Allotment
28 Apr 2025
Listing
30 Apr 2025
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