Listed
Tankup Engineers Limited IPO
Tankup Engineers Limited, a Lucknow-based company specializing in manufacturing specialized vehicle superstructures for logistics applications, is launching its SME IPO on the NSE EMERGE platform.
Min Investment
₹1,33,000
Lot Size
1,000 Shares
Price Range
₹133.0 to 140.0
Issue Size (₹ Cr.)
₹19.53 Cr
IPO Type
SME
Key Metrics
Face Value
₹ 10
GMP
₹8
Subscription
124.67x
EPS
₹ 2.68
P/E Ratio
14.24 x
RoNW
69.75
ROE
107.11
Debt to Equity (₹ Cr.)
1.00
Timeline
IPO Opened23/04/2025Wednesday
IPO Closed25/04/2025Friday
Allotted28/04/2025Monday
Refunded29/04/2025Tuesday
Listed30/04/2025Wednesday
Strengths
- Niche product expertise in mobile fuel refuellers and custom vehicle superstructures.
- Diverse industry clientele including petroleum, mining, and infrastructure sectors.
- In-house design and manufacturing capabilities ensure quality control and innovation.
- Rapid revenue and profit growth since incorporation in 2020.
- Experienced management team with strong industry knowledge.
Weaknesses
- Limited Operating History: Established in 2020, the company has a relatively short track record, which may pose challenges in assessing long-term performance and stability.
- High Working Capital Requirements: The business model necessitates substantial working capital, making the company vulnerable to liquidity constraints and cash flow mismatches.
- Customer Concentration Risk: A significant portion of revenue is derived from a limited number of clients, exposing the company to potential revenue volatility if major clients reduce or terminate their orders.
- Dependence on Government Approvals: The company operates in sectors that require various governmental and regulatory approvals. Delays or failures in obtaining these can adversely affect operations.
- Exposure to Raw Material Price Fluctuations: The company's profitability is susceptible to changes in the prices of raw materials. Inability to pass on increased costs to customers could impact margins.
Tankup Engineers Limited IPO - GMP Trend
| GMP Date | Ipo Price | GMP | Estimate Listing Price | |
|---|---|---|---|---|
| 30/04/2025 | ₹140.00 | ₹8 | ₹148 (5.71%) | Listed |
| 29/04/2025 | ₹140.00 | ₹8 | ₹148 (5.71%) | |
| 28/04/2025 | ₹140.00 | ₹15 | ₹155 (10.71%) | Allotment |
| 27/04/2025 | ₹140.00 | ₹9 | ₹149 (6.43%) | |
| 26/04/2025 | ₹140.00 | ₹8 | ₹148 (5.71%) | |
| 25/04/2025 | ₹140.00 | ₹8 | ₹148 (5.71%) | IPO Closed |
| 24/04/2025 | ₹140.00 | ₹7 | ₹147 (5.00%) | |
| 23/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | Live |
| 22/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | |
| 21/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | |
| 20/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | |
| 19/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | |
| 18/04/2025 | ₹140.00 | ₹0 | ₹140 (0.00%) | |
| 17/04/2025 | 140.00 | ₹0 | ₹140 (0.00%) |
Financials
| Period Ended | 30-11-2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Assets Cr | 17.67 | 10.35 | 8.68 | 2.32 |
| Revenue Cr | 12.48 | 19.54 | 11.85 | 1.4 |
| Profit After Tax Cr | 0.95 | 2.57 | 0.79 | 0.05 |
| Net Worth Cr | 6.17 | 3.68 | 1.11 | 0.2 |
| Reserves and Surplus Cr | 2.27 | 3.43 | 0.86 | 0.05 |
| Total Borrowing Cr | 7.59 | 3.69 | 2.57 | 1.42 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | # of Share Offered | Number of Lots Offered | 23-04-2025 | 24-04-2025 | 25-04-2025 |
|---|---|---|---|---|---|
| QIB | 2,58,000 | 258 | 1.94x | 1.94x | 43.65x |
| NII | 1,94,000 | 194 | 0.73x | 3.66x | 437.62x |
| RII | 4,52,000 | 452 | 1.12x | 3.81x | 46.51x |
| Total | 9,40,000 | 940 | 1.22x | 3.12x | 124.67x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 2,58,000 | 1,12,61,000 | 157.65 | ||
| NII | 1,94,000 | 8,48,99,000 | 1,188.59 | ||
| RII | 4,52,000 | 2,10,21,000 | 294.29 | ||
| Total | 9,40,000 | 11,71,94,000 | 1,640.72 |
Company Details
- Tankup Engineers Limited 1262, SA Goila, Chinhat,
+91-7800008707
- cs@tankup.co.in
- https://www.tankup.co.in/
Registrar Details
- N/A
+91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
