Company Profile
Founded in 2020, Tankup Engineers Limited specializes in designing and manufacturing custom vehicle superstructures, including mobile fuel refuellers, aircraft refuelers, fire tenders, and ground support equipment. The company serves diverse sectors such as petroleum, mining, construction, aviation, defense, and infrastructure.
Company Overview
Incorporation: November 2020
Headquarters: Lucknow, Uttar Pradesh, India
Promoters: Gaurav Lath, Pankhuri Lath, Govind Prasad Lath, and Tank-Up Petro Ventures LLP
Manufacturing Facility: Located in Lucknow, the facility spans 2,665 square meters and holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and MSME ZED for Zero Defect Zero Effect manufacturing.
Product Portfolio
Self-Bunded Fuel Tanks: Engineered for safe and efficient fuel storage.
Mobile Diesel Bowsers: Equipped with IoT-enabled automation and anti-theft mechanisms like the proprietary TankLock device.
Aircraft Refuelers: Designed to meet the stringent requirements of aviation fueling.
Fire Tenders: Customized vehicles for firefighting applications.
Ground Support Equipment: Supporting various ground operations across industries.
Mobile Service Vans: Facilitating on-site equipment maintenance.
Financial Snapshot (as of March 2024)
Total Revenue: ₹19.54 crore
Profit After Tax (PAT): ₹2.57 crore
Net Worth: ₹3.68 crore
Borrowings: ₹3.69 crore
Initial Public Offering (IPO) Plans
Opening Date: April 23, 2025
Closing Date: April 25, 2025
Allotment Finalization: April 28, 2025
Refund Initiation: April 29, 2025
Shares Credited to Demat: April 29, 2025
Listing Date: April 30, 2025
Initial Public Offering (IPO) Plans
Issue Size: ₹19.53 crore
Price Band: ₹133 – ₹140 per share
Lot Size: 1,000 shares (Minimum investment: ₹1,40,000)
Issue Type: 100% Fresh Issue (No Offer for Sale)
Listing Platform: NSE EMERGE
Face Value: ₹10 per share
Regulatory Compliance Highlights
Incorporation and Conversion: Originally incorporated as a Private Limited Company in November 2020, Tankup Engineers was converted into a Public Limited Company on July 24, 2024, in accordance with the Companies Act, 2013.
Certifications: The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, reflecting its commitment to quality, environmental management, and occupational health and safety standards.
Regulatory Approvals: Recognized as an approved fabricator by the Petroleum & Explosives Safety Organisation (PESO), under the Ministry of Commerce & Industry, Government of India.
IPO Documentation: The company has filed its Red Herring Prospectus (RHP) with the relevant authorities, detailing its financials, business operations, and risk factors.
Potential Strategic Investments
As of April 22, 2025, Tankup Engineers Limited has not publicly disclosed any specific strategic investments or partnerships associated with its upcoming SME IPO. The company’s IPO is a 100% fresh issue, aiming to raise approximately ₹19.53 crore, with no offer-for-sale component. The proceeds are intended for purposes such as repaying certain borrowings, meeting working capital requirements, and addressing general corporate needs.
While the company has not announced any strategic investments, the IPO includes an anchor investor portion, with bidding scheduled for April 22, 2025. This segment accounts for approximately 27.66% of the total issue, equating to about 3.86 lakh shares. The involvement of anchor investors often indicates institutional interest and can be a precursor to future strategic collaborations.
Given Tankup Engineers’ focus on manufacturing specialized vehicle superstructures for sectors like petroleum, mining, infrastructure, and defense, potential strategic investments or partnerships in the future could align with these industries. However, as of now, no such developments have been officially reported.
Future Outlook
With a strong foundation in specialized vehicle manufacturing and a commitment to quality and innovation, Tankup Engineers Limited is well-positioned to capitalize on the growing demand for mobility and storage solutions across various sectors. The upcoming IPO marks a significant milestone in the company’s journey, providing it with the capital to further expand its operations and product offerings.
Potential Strategic Investments
Government of India’s Door-to-Door Delivery (DDD) Program: Tankup Engineers has partnered with the Government of India to empower Fuel Entrepreneurs (FuelEnts) through the DDD program. This initiative enables FuelEnts to establish and operate mobile fueling businesses, thereby expanding the reach and accessibility of fuel delivery services.
Technological Innovations: The company has developed IoT-enabled mobile diesel dispensers equipped with anti-theft mechanisms like the proprietary TankLock device. These innovations enhance the security and efficiency of fuel dispensing operations, catering to the evolving needs of the industry.
Industry-Specific Solutions: Tankup Engineers offers specialized mobility solutions for various sectors, including aviation, defense, mining, agriculture, and ports. By tailoring its products to meet the specific requirements of these industries, the company positions itself as a key player in providing customized mobility and storage solutions.
