Tankup Engineers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 643,000 (46%) | — | ₹900 Cr |
| NII (HNI) | — | 194,000 (14%) | — | ₹272 Cr |
| Retail | — | 452,000 (32%) | — | ₹633 Cr |
| Market Maker | — | 70,000 (5%) | — | ₹10 Cr |
| Σ Total | — | 1,395,000 (100%) | — | ₹19,530 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹140,000 |
| Retail (Max) | 13 | 13,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 12 | 20 | 12 |
| Profit After Tax | 1 | 3 | 1 |
| Net Worth | 6 | 4 | 1 |
| Total Assets | 18 | 10 | 9 |
| Reserves & Surplus | 2 | 3 | 1 |
| Total Borrowing | 8 | 4 | 3 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment in full or in part, of certain of the outstanding borrowings; – 3.50
- Funding to meet working capital requirements – 10.00
- General Corporate Purpose – 4.61
Company Overview
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