Tankup Engineers IPO GMP: IPO Open For Subscription

Tankup Engineers IPO GMP is ₹0 as of 23rd April 2025. The IPO opens for bidding today on 23rd March 2025 and is set to close on 25th April 2025. It is an entirely fresh issue of 13,95,000 shares worth ₹19.53 crore. The price band for the Tankup Engineers IPO is set between ₹133 and ₹140 per share. Investors can bid for a minimum lot of 1,000 shares worth ₹1,40,000. 

Tankup Engineers IPO Details

Explanation

Tankup Engineers IPO: Tankup Engineers Limited has declared an issue price band of ₹133 to ₹140 per share. With this IPO, the company allows retail investors to bid for at least one lot of 1,000 shares worth ₹1,40,000. The face value of Tankup Engineers Ltd.’s share is ₹10 per share. The shares of Tankup Engineers Limited, a vehicle superstructure manufacturer, will be listed on NSE & SME on its tentative listing day, 30th April 2025. Scroll down to check GMP updates and Tankup Engineers IPO reviews. 

Tankup Engineers IPO GMP Grey Market Premium

As of 23rd April 2025, Tankup Engineers IPO GMP stands at ₹0 per share. Thus, the estimated listing price would be ₹140 (140+0). This indicates that the estimated listing gain in this IPO could be 0.00%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table below to learn about recent Tankup Engineers IPO GMP updates.

Objectives of Tankup Engineers IPO

Tankup Engineers Limited proposed to utilise the proceeds from the fresh issue in the following objectives. 

• General corporate purposes. 
• Repayment of certain borrowings. 
• Working capital requirements.

Tankup Engineers IPO Registrar 

Tankup Engineers IPO is open today on 23rd March 2025, to raise ₹19.53 crore. Bigshare Services Private Limited is the registrar waiting to manage allotment and refund procedures. Moreover, Hem Securities Limited is the book-running lead manager of this IPO.

Tankup Engineers IPO Review

The Tankup Engineers IPO has gained positive ratings from industry experts, brokers, and institutional investors. 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.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to have a better idea and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for this IPO or not.

Tankup Engineers IPO Technical Analysis

The PE ratio of Tankup Engineers Limited is 21.26. This is the pre-issue PE ratio. The post-issue PE ratio would be 52.19. 

For regular stock updates, dividend alerts, and expert verdicts, stay informed with Univest!

FAQs on Tankup Engineers IPO

1. What is Tankup Engineers IPO GMP?

Ans. Currently, on 23rd April 2025, Tankup Engineers IPO GMP (Grey Market Premium) stands at ₹0 (0.00 % up). This indicates that the estimated listing price could be ₹140 per share. It is an entirely fresh issue of 13,95,000 shares worth ₹19.53 crore.

2. What is the price of Tankup Engineers IPO?

Ans. The Tankup Engineers IPO price band has been set between ₹133 and ₹140 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 1,000 shares worth ₹1,40,000. Moreover, NIIs are required to bid for a minimum of 2 lots (4,000 shares) worth ₹2,80,000.

3. Who is the registrar of Tankup Engineers IPO?

Ans.Bigshare Services Private Limited is the registrar waiting to manage allotment and refund procedures. For any query regarding Tankup Engineers IPO GMP, allotment, and refund, you can contact Bigshare Services Private Limited at investor@bigshareonline.com or +91-22-62-63 8200. 

Disclaimer: The above information is compiled 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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