Tankup Engineers IPO GMP & Review: Apply or Avoid?

Tankup Engineers Ltd. IPO is open for bidding on 23rd April 2025. It is a book-built issue consisting of a fresh issue of 1395000 shares worth Rs 19.53 crores. The subscription will be closed on 25th April 2025, and the allocation will be finalised on 28th April 2025. Further, the issue will be listed on NSE and SME on its tentative listing date, 30th April 2025. 

Tankup Engineers Ltd. IPO Details

The Tankup Engineers Ltd. IPO date is fixed between 23rd April 2025 and 25th April 2025. The face value of Tankup Engineers Limited shares stands at Rs 10 per share, and the IPO price band is fixed between Rs 133 to Rs 140 per share. 

Bigshare Services Private Limited is the registrar of Tankup Engineers Ltd. IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Tankup Engineers Ltd. IPO Share Reservation

Tankup Engineers Ltd. IPO is a book-built issue of 1395000 shares worth Rs 19.53 crores. Tankup Engineers Limited shares will be listed on the NSE and SME. Furthermore, the SEBI has specified the share reservation criteria for different investor categories. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Tankup Engineers Ltd. IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Tankup Engineers Ltd. IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of now, on 23rd April 2025, Tankup Engineers Ltd. IPO has a GMP of Rs 0 per share, which indicates that it is likely to show a flat listing at Rs 140 (140+0) on its tentative listing date, 30th April 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Tankup Engineers Ltd. IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Tankup Engineers IPO Review

Check out the detailed Tankup Engineers Ltd. IPO review for a thorough understanding of its potential to report listing gains on 30th April 2025. The Tankup Engineers Ltd. IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business financials before applying for the Tankup Engineers Ltd. IPO.

During FY23- 24, the revenue of Tankup Engineers Limited stood at ₹11.85 crore, which increased by 64.89% to ₹19.54 crore in FY24 -25. On the other hand, the PAT of the company was raised by 225.31% from ₹0.79 crore to ₹2.57 crore.

Tankup Engineers Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for Tankup Engineers Ltd. IPO for its tentative listing day, which is 30th April 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of Tankup Engineers Ltd. IPO.

The PE ratio of Tankup Engineers Limited shares is 21.26, and its Earnings Per Share (EPS) stands at 6.59. The Tankup Engineers Ltd. IPO can potentially deliver gains on its tentative listing date, 30th April 2025. 

Tankup Engineers Limited Peer Comparison

With no similar listed companies in India, a comparison of Tankup Engineers Ltd. is not possible.

Tankup Engineers Ltd. IPO Subscription Status

Tankup Engineers Ltd. IPO is now open for bidding on 30th April 2025. The issue has been subscribed 0.06 times in the retail category, 0 times in the QIB category and 0.01 times in the NII category. Stay informed on this passage to check the live Tankup Engineers IPO Subscription Status. 

About Tankup Engineers Ltd.

Tankup Engineers Ltd. was incorporated in 2020 and operates in the manufacturing sector of vehicle superstructure for storage and complex mobility solutions. Its product offerings include self-bunded fuel tanks, fire tenders, aircraft refuelers, ground support equipment, and more. 

The company caters to various sectors such as mining, aviation, agriculture, defence, logistics, construction and infrastructure. It also caters to customised product requirements, allowing specifications in terms of size, capacity, material and functionality.

Tankup Engineers Limited Financials

The company’s financial analysis is essential before applying for the Tankup Engineers Limited IPO. Look at the table to learn about Tankup Engineers Limited’s financials. 

Explanation

During FY23- 24, the revenue of Tankup Engineers Limited stood at ₹11.85 crore, which increased by 64.89% to ₹19.54 crore in FY24 -25. On the other hand, the PAT of the company was raised by 225.31% from ₹0.79 crore to ₹2.57 crore.

Tankup Engineers Ltd. IPO Bidding Requirements

Tankup Engineers Ltd. IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Tankup Engineers IPO Promoter Holdings

Have a look at the table below to check about the holdings of Tankup Engineers Limited’s promoters: Gaurav Lath, Pankhuri Lath, Govind Prasad Lath and Tank-Up Petro Ventures LLP.

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Tankup Engineers IPO

The primary aim of Tankup Engineers IPO is to raise Rs 19.53 crores. On the other hand, Tankup Engineers Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Tankup Engineers Ltd.’s IPO.

• Repayment of certain borrowings.
• To meet working capital requirements.
• To meet general corporate purposes. 

Should I Invest in Tankup Engineers IPO?

“TEL is engaged in the manufacturing of tailor-made specialized vehicle superstructures for complex mobility. It is operating in a highly competitive and fragmented segment. The company has an order book worth Rs. 22.11 cr. as of March 13, 2025. Small post-IPO equity base indicates longer gestation for migration. Based on its financial data, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds in this pricey issue for long term.” ~ Dilip Davda (Editor at Chittorgarh Infotech Private Limited)

Explore the pros and cons of Tankup Engineers Ltd. IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Tankup Engineers Ltd. IPO

• Positive ratings from experts.
• Strong Financial Performance.

Cons of Tankup Engineers Ltd.  IPO

• Highly competitive and fragmented segment.
• High lot size.

How to Apply for Tankup Engineers IPO?

Check the steps mentioned below to apply for the Tankup Engineers IPO. 

• Step 1: Conduct thorough research on Tankup Engineers IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 1000 shares worth Rs 1,40,000 of the Tankup Engineers IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for Tankup Engineers IPO from more than one demat account to increase your allotment chances. 

How to Check Tankup Engineers IPO Allotment Status?

You can check for the Tankup Engineers IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Tankup Engineers IPO.  
• Choose whether to proceed with the PAN number or application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Tankup Engineers IPO allotment status.

Let’s Wrap

Tankup Engineers IPO is the fixed price issue of 13,95,000 shares worth Rs 19.53 crores. The shares of Tankup Engineers Limited will be listed on NSE and SME on its tentative listing date of 30th April 2025. Researching Tankup Engineers IPO GMP and reviews is highly advisable to book your ideal profitability and maximise your returns. Brokers and investors have a positive outlook for this book-built issue IPO. However, one must consider the pros and cons of the IPO and make a wise decision.

Open a demat account with Univest to ensure a seamless investing experience!

FAQs on Tankup Engineers IPO

How is the Tankup Engineers IPO?

Ans. Currently, on 23rd April 2025, Tankup Engineers IPO GMP (Grey Market Premium) stands at Rs 0 (0.00 % up). It indicates that the estimated listing price could be Rs 140 per share. It is entirely a fresh issue of 1395000 shares worth Rs 19.53 crores. The IPO price band is set between Rs 133 to Rs 140 per share, and the face value of each share is Rs 10. 

What is the price of Tankup Engineers IPO?

Ans. Tankup Engineers IPO price band has been set at Rs 133 to Rs 140 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1000 shares worth Rs 1,40,000. Moreover, HNIs are required to bid for a minimum of 2 lots (2000 shares) worth Rs 2,80,000. 

Is Tankup Engineers IPO good?

Ans. During FY23- 24, the revenue of Tankup Engineers Limited stood at ₹11.85 crore, which increased by 64.89% to ₹19.54 crore in FY24 -25. On the other hand, the PAT of the company was raised by 225.31% from ₹0.79 crore to ₹2.57 crore. Tankup Engineers IPO has gained a positive rating from industry experts, brokers and institutional investors. They claim there is no harm in applying for this IPO. 

Who is the registrar of the Tankup Engineers IPO?

Ans. Bigshare Services Private Limited is the registrar of Tankup Engineers IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any query regarding Tankup Engineers IPO allotment and refund, you can contact Bigshare Services Private Limited at investor@bigshareonline.com or +91-22-6263 8200 or +91-22-6263 8299. 

What is the issue size of the Tankup Engineers IPO? 

Ans. Tankup Engineers IPO is the book-built issue for 1395000 shares worth Rs 19.53 crores. It is entirely a fresh issue of 13,95,000  shares. Moreover, the IPO is set to open on 23rd April 2025 and will be closed on 25th April 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about the Tankup Engineers IPO, download the Tankup Engineers IPO RHP and Tankup Engineers IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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