Tankup Engineers share price: Stock lists at 25% premium on NSE SME; here's how much investors made per lot

Tankup Engineers share price: Shares of custom vehicle superstructure manufacturer Tankup Engineers made a strong debut on the NSE SME platform on Wednesday, April 30.

The stock debuted at ₹175 per share, a premium of 25% over the issue price of ₹140 apiece. Its market capitalisation stands at ₹92.66 crore.

Tankup Engineers share price: Here's how much investors made per lot

As the minimum bid size for retail investors was 1,000 equity shares, allottees made a profit of ₹35,000 per lot on listing.

Tankup Engineers' 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.

The company's promoters Gaurav Lath, Govind Prasad Lath, Pankhuri Lath, and Tank-Up Petro Ventures LLP held a 100% stake, which was reduced to 73.65% post-issue.

The issue's book-running lead manager was Hem Securities Limited, while Bigshare Services Pvt Ltd was the registrar.

Tankup Engineers is a specialist in custom vehicle superstructures and mobile storage solutions for sectors such as petroleum, defence, infrastructure, and aviation. The company's product portfolio includes water sprinklers, service vans, and mobile refuellers.

The profit after tax was ₹2.57 crore in FY24 as against ₹79 lakh in FY23. Its revenue from operations in fiscal year 2024 was ₹10.35 crore as against ₹8.68 crore in the previous fiscal year.