Tankup Engineers IPO
listed
₹1.33LMin. investment
About Tankup Engineers Limited
Issue size
₹10,10,000Cr
IPO type
SME
Market Cap
₹74.13CrLower than sector avg
Price range
₹133 – ₹140
Listing ExchangeNSE
RevenueApr 2023 - Mar 2024
₹19.41CrLower than sector avg
Lot size
1000 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
140%
Price range₹133 – ₹140
IPO type
SME
Lot size1000 shares
Issue size₹10,10,000Cr
Red Herring Prospectus
Read
Market Cap
₹74.13CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹19.41CrLower than sector avg
Growth rate3Y CAGR
140%
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Popular Vehicles And Services LtdObjectives
Working capital requirements
51.20%
Repayment of borrowings
17.92%
General corporate purposes
Not assigned
Tankup Engineers manufactures custom vehicle superstructures and mobile storage solutions for sectors like petroleum, mining, infrastructure, defense, and aviation. Their products include Mobile Refuellers, Water Sprinklers, Service Vans, and more. With a focus on mobility and smart tech (IoT, GPS), they address remote operational needs. Based in Lucknow, the company holds ISO and PESO certifications and is MSME ZED-certified for quality and sustainability.
Latest News on IPO
Tankup Engineers IPO: The ₹19.53 crore initial share sale is solely a fresh issuance of 13.95 lakh shares. A retail investor can apply for a minimum of 1000 shares or 1 lot, requiring a minimum investment of ₹1,33,000.
2 min read
Tankup Engineers IPO is solely a fresh issue of 13.95 lakh shares aggregating to ₹19.53 crore. There is no offer-for-sale (OFS) component.
2 min read
Tankup Engineers IPO price band has been fixed at ₹133 to ₹140 per share. The initial share sale is a fresh issuance of equity shares worth ₹19.53 crore without an offer-for-sale (OFS) component.
2 min read
Tankup Engineers IPO is a fresh issue of 13.95 lakh shares valued at ₹19.53 crore. There is no offer-for-sale component. The money raised will be used to clear debt and meet working capital requirements.
2 min read
Tankup Engineers IPO allotment: The ₹19.53 crore initial share sale was solely a fresh issuance of 13.95 lakh equity shares. The funds raised will be utilised for working capital requirements and debt repayment.
2 min read
Tankup Engineers share price: The initial share sale was a fresh issue of 13.95 lakh shares worth ₹19.53 crore. The money raised will be used for working capital requirements, repayment of outstanding borrowings, and general corporate purposes. It had a price band of ₹133 to ₹140 per share.
2 min read
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Tankup Engineers IPO ?
The issue size of the Tankup Engineers IPO is 1010000 Cr.
What is 'pre-apply' for Tankup Engineers IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Tankup Engineers IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Pre-apply22 Apr 2025
- Bidding starts23 Apr 2025
- Bidding ends25 Apr 2025
- Allotment finalisation28 Apr 2025
- Release of funds29 Apr 2025
- Demat transfer29 Apr 2025
- Listing30 Apr 2025