Tankup Engineers IPO: Price, Overview, Date, And GMP

Tankup Engineers IPO- Complete Overview

Tankup Engineers IPO under the SME IPO category is a book build issue of Rs. 19.53 Cr by Tankup Engineers Limited, which was incorporated in 2020. It manufactures vehicle superstructures for complex mobility and storage solutions. 

This company provides products such as self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. 

Agriculture, mining, construction, logistics, aviation, defense, and infrastructure are among the industries that are served. The company's 2,665 square meter Lucknow production facility has received MSME ZED certification for Zero Defect Zero Effect manufacturing, PESO approval, and ISO certification. 

Goods: 

Water sprinkler: Personalized water sprinklers increase productivity, save water, and guarantee security. 

Mobile Refuelers: Fuel solutions powered by IoT enhance management in a variety of industrial domains.  

Mobile Service Van: Safe and effective on-site equipment maintenance is made possible by customized service vans.

 

Tankup Engineers IPO Overview

The Tankup Engineers IPO date is on 23 Apr 2025, and its initial public offering will end on 25 Apr 2025. 

The Rs. 19.53 crore new SME IPO comprises a wholly fresh issue of 13.95 lac Shares.

This upcoming IPO date is from 23 Apr to 25 Apr, 2025. Tankup Engineers IPO price is Rs. 133 to Rs. 140 for each Share. 

The Tankup Engineers IPO listing date (expected) is 30 April 2025, and listing at NSE and SME.

 

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in Rs.)

 

Industry-wise Revenue Breakdown   

 

Product-wise Revenue Breakdown

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Repayment of some of the outstanding debts, either in full or in part.

• Requirements for working capital.

• General corporate purposes.
  
  

Click to check the IPO application status.

 

Peers of Tankup Engineers Ltd.

No listed companies in India are engaged in a similar size.

 

Evaluation

The Tankup Engineers Limited IPO price is Rs. 133 to Rs. 140 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 9.34 from the last year, the resulting P/E ratio is 14.98x.

Considering the weighted EPS of Rs. 5.71 for the last three years, the P/E ratio is 24.51x.

IPO's Strengths

• Broad product portfolio with uses in a number of different industry sectors.

•  Internal capacity to fabricate products.

•  Book of sustainable orders.

•  Strict quality control procedures guarantee consistent product quality.

•  Skilled and knowledgeable staff and management.

 

IPO’s Weaknesses

• The majority of the company's largest clients provide a sizeable portion of its revenue. Any loss of a large customer would severely affect the operation and financial viability of the business.

• Tankup Engineers, incorporated in 2020, has an extremely limited operating history, which impedes investors from being able to judge how well or poorly the company is likely to do in the future regarding its performance scale or even its viability.

• The company primarily bases its manufacturing processes on the chassis obtained from commercial vehicle OEMs. Changes in the laws and trend shifts due to economic slowdowns that lead to supply shortages or disruption in the automobile sector will adversely affect the company's performance.

 

Tankup Engineers IPO GMP

SME IPO GMP has not started yet as of 18 Apr 2025. The expected Tankup Engineers IPO listing price is not predictable.

IPO Timetable (Tentative)

The IPO opening date is from April 23 to April 25, 2025, with allotment on April 28, refund initiation on April 29, and listing on Apr 30, 2025.

 

Tankup Engineers IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 13,95,000 Shares (Rs. 19.53 Cr).

IPO Lot Details 

The Tankup IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1000 Shares) amounting to Rs. 1,40,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2000 Shares) amounting to Rs. 2,80,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Tankup Engineers Ltd.

• Gaurav Lath

• Pankhuri Lath

• Govind Prasad Lath

• Tank-Up Petro Ventures LLP.

 

IPO Lead Managers

• Hem Securities Limited.
  
  

 

Dividend Policy

The company has not declared dividends in the last three fiscal years.

 

Conclusion:

Tankup Engineers Ltd. IPO is available at an offer price of Rs. 133 - Rs. 140 per share. The company has a strong growth outlook with a vast range of products and certified facilities. Weak operating history and dependence on a few large clients are potential risks. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.