IPO Details
Bidding Dates
23 Apr 25 - 25 Apr 25
Price Range ₹
133 - 140
Total Equity
₹ 19.53Cr
Lot Size
1000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
23 Apr 2025
Offer end
25 Apr 2025
Allotment
28 Apr 2025
Refund initiation
29 Apr 2025
Demat transfer
29 Apr 2025
Listing
30 Apr 2025
Offer start
23 Apr 2025
Offer end
25 Apr 2025
Allotment
28 Apr 2025
Refund initiation
29 Apr 2025
Demat transfer
29 Apr 2025
Listing
30 Apr 2025
About Company
Tankup Engineers Limited, established in 2020, is involved in the manufacturing of vehicle superstructures designed for complex mobility and storage needs. The company provides a diverse range of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. Specializing in custom-built tanks for the storage and transportation of liquids, gases, or solids, Tankup Engineers tailors its solutions to meet specific client requirements in terms of size, material, capacity, and functional features. Serving key sectors such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure, the company operates from a 2,665 sq. mtr. facility in Lucknow, which is ISO-certified, PESO-approved, and MSME ZED-certified for Zero Defect Zero Effect manufacturing. Its product line includes IoT-enabled mobile refuellers for optimized fuel management, custom-designed water sprinklers for efficient and safe usage, and mobile service vans for on-site equipment maintenance. As of March 31, 2024, the company has a workforce of around 45 employees. Tankup Engineers’ competitive strengths lie in its wide product portfolio, in-house fabrication capabilities, sustainable order book, stringent quality control processes, and an experienced, qualified team.
Year Founded
03-11-2020
Promotor Details
Govind Prasad Lath
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 73.65 |
| Share Capital | 3900000 | 3900000 |
Offer to Public
13,95,000.00 Cr
Project Details
- Funding to meet working capital requirements - 100cr
- Repayment in full or in part, of certain of our outstanding borrowings - 35cr
Objectives
- Repayment in full or in part, of certain of our outstanding borrowingsFunding to meet working capital requirementsGeneral Corporate Purpose.
Highlights
- Offers a broad product range catering to multiple industries, including petroleum, mining, infrastructure, defense, and aviation.
- Maintains complete in-house fabrication with strict quality checks integrated at every production stage.
- Holds key certifications such as ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, along with MSME ZED accreditation.
- Emphasizes the development of robust, space-efficient, and tamper-resistant product designs.
- Operated by an experienced leadership team focused on efficient manufacturing, supported by a skilled workforce undergoing regular in-house training.
Challenges
- Heavily reliant on a few key clients, with a major share of revenue generated from the top ten customers.
- Significant dependence on refuellers as a core product, making the business vulnerable to fluctuations in their demand.
- Relies on its design and engineering teams for precise project estimation and timely delivery, which is critical to operations.
- Operations are geographically concentrated in Uttar Pradesh, exposing the company to region-specific risks.
- Faces supply chain vulnerabilities due to dependence on select raw material suppliers and the automobile industry for essential components
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 1,034.87 | 25.00 | 78.87 | 78.87 | 2.868 |
| 2022 | 232.29 | 15.00 | 78.87 | 78.87 | 2.868 |
| 2023 | 867.50 | 25.00 | 78.87 | 78.87 | 2.868 |
