Tankup Engineers IPO will open on April 23, 2025, and close on April 25, 2025. Tankup Engineers, incorporated in 2020, is a leading manufacturer of mobility and storage solutions such as self-bunded fuel tanks, mobile refuellers, water sprinklers, mobile service vans, tank trucks, etc. In this blog, we’ll dig into the Tankup Engineers IPO details, including its dates, price band, financial performance, and risk factors.
Tankup Engineers IPO Date
The key pointers for the Tankup Engineers IPO dates are:
- Bidding Opening Date: April 23, 2025
- Bidding Closing Date: April 25, 2025
- Basis of Allotment Date: April 28, 2025
- Initiation of Refunds (in case of less or no allotment): April 29, 2025
- Shares Credited to Your Demat Account: April 29, 2025
- IPO Listing Date: April 30, 2025
- Listing on Exchange: NSE SME
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Tankup Engineers Limited IPO Issue Size
Tankup Engineers IPO valuation is set at around ₹19 crores with only a fresh issue component.
Here are the important Tankup Engineers IPO details:
- Tankup Engineers IPO Price Band: ₹133 – ₹140 per share
- Face Value: ₹10 per share
- Lot Size: 1,000 Shares
- Issue Size and Amount: 13,95,000 shares (amounting to ₹19.53 crores)
- Fresh Issue Size and Amount: 13,95,000 shares (amounting to ₹19.53 crores)
Tankup Engineers IPO Proceeds Usage
Tankup Engineers Limited IPO proceeds will be used for the following purposes:
- ₹3.5 crores will be used for repayment of full (or in part) outstanding loans.
- ₹10 crores for funding the working capital needs.
- The remaining amount will be used for general corporate requirements.
Tankup Engineers IPO Reservations
Tankup Engineers IPO reservations to different investors are:
- For QIBs: Not more than 50% of the net issue
- For NIIs: Not less than 15% of the net issue
- For Retail Investors: Not less than 35% of the net issue
- Tankup Engineers IPO Shareholder Quota: There is no provision of shareholder quota in this IPO.
Tankup Engineers IPO Lot Size
Tankup Engineers IPO lot size is 1,000 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Applicant Type | Lot Size | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Tankup Engineers IPO Details: Promoter Holding
The current promoters of Tankup Engineers Limited are:
- Govind Prasad Lath
- Gaurav Lath
- Pankhuri Lath
- Tank-Up Petro Ventures LLP
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Tankup Engineers IPO: Company Overview
Tankup Engineers Limited is in the business of manufacturing specialised or customised vehicle superstructures for mobility and storage purposes. Its product portfolio includes mobile refueller, water sprinkler, mobile service van, explosive van, tank truck, blasting shelter, etc. The tankers are manufactured in customized sizes that can be used to transport or store liquid, gases, or solid products.
These products are used across different industries such as infrastructure, petroleum, automobile, defence, aviation, etc. Tankup has more than 120 fully built mobility solutions, over 600 customized manufacturing solutions, and over 2,200 IoT-linked assets. Its key competitive strengths are a diverse range of product portfolio, in-house product fabrication capabilities, diversified order book, and high-quality controls.
The company is recognized by the Ministry of Commerce & Industry, Petroleum & Explosives Safety Organisation (PESO) as an approved fabricator of Tank Trucks, Bouser, and Refuller. Also, the company has the MSME sustainable (ZED) certification for Zero Defect Zero Effect in view of its sustainable manufacturing practices.
Tankup Engineers Limited IPO: Financial Performance
Tankup Engineers Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| Revenue | 12.48 | 19.54 | 11.85 | 65% |
| Profit After Tax | 0.95 | 2.57 | 0.79 | 225% |
| EBITDA | 1.57 | 3.46 | 1.27 | 172% |
| Net Worth | 6.17 | 3.68 | 1.11 | 232% |
| Reserves and Surplus | 2.27 | 3.43 | 0.86 | 299% |
| Total Borrowing | 7.59 | 3.69 | 2.57 | 44% |
| Assets | 17.67 | 10.35 | 8.68 | 19% |
- In FY24, Tankup Engineers’ revenue grew by 65% YoY to ₹19.54 crores.
- The profit after tax (PAT) rose by a massive 225% on a year-on-year basis to ₹2.57 crores.
- In FY24, EBITDA grew by 172% YoY to ₹3.46 crores, signifying its healthy operating performance.
- In FY24, assets increased by 19% YoY, while borrowings also rose by 44% YoY.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Tankup Engineers Limited IPO: Key Ratios
Tankup Engineers Limited’s key ratios for different periods are as follows:
| Key Ratios | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
|---|---|---|---|---|
| EBITDA Margin | 12.63% | 17.84% | 10.77% | 7.07% |
| PAT Margin | 7.61% | 13.23% | 6.68% | 6.55% |
| Return on Net Worth (RoNW) | 15.35% | 69.75% | 70.80% | -1.05% |
| Return on Capital Employed (RoCE) | 10.63% | 46.49% | 30.30% | 16.19% |
| Current Ratio | 1.48 | 1.55 | 1.17 | 0.38 |
| Debt Equity Ratio | 1.23 | 1.00 | 2.30 | -1.30 |
- In FY24, the EBITDA margin grew to 17.84%, indicating better operational efficiency and profitability.
- The PAT margin rose to 13.23% in FY24 by 6.55% on a year-on-year basis, highlighting its better cost control and profitability.
- The current ratio rose slightly to 1.55 in FY24 but remains in the healthy range of 1.5-2.
- The debt-equity ratio fell to 1, which means its reliance on debt has been reduced.
Tankup Engineers IPO Risk Factors
Tankup Engineers Limited is exposed to various risk factors that can eventually affect its business and investors’ perception:
- The sales are highly concentrated towards a few customers, and any loss of such customers can directly affect the company’s revenue.
- Any sort of negligence in quality procedures and audits increases the risk of cancellation of orders and erodes the reputation as well.
- More than 50% of the revenue is earned from the refuellers, and a decline in demand or pricing pressures on these products can reduce the profitability of the company.
- Any failure to meet the specifications provided by the customers could affect the business and cash flows.
- The company’s revenue from operations is highly dependent on the sales in the UP region and any regional disruptions may affect operations and revenue.
Tankup Engineers IPO Details: Contact Information
For inquiries related to the Tankup Engineers IPO details, you can contact at the following places:
- Registered Office Address: 1262, SA Goila, Chinhat, Lucknow-226019, Uttar Pradesh, India
- Email: cs@tankup.co.in
- Company Website: http://www.tankup.co.in/
Tankup Engineers IPO Registrar Details:
- Registrar Name: Bigshare Services Private Limited
- Phone: 91 22 6263 8200
- Email: ipo@bigshareonline.com
For all the insights on Tankup Engineers IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
Frequently Asked Questions – FAQs
1. Who is the owner of Tankup Engineers Limited?
Mr. Gaurav Lath is the founder and Managing Director (MD) of Tankup Engineers Limited.
2. What is the revenue of Tankup Engineers?
Tankup Engineers earned the revenue of ₹19.54 crores in FY24, higher than the ₹11.85 crores of revenue in FY23.
3. Is Tankup Engineers listed?
Tankup Engineers IPO is a SME IPO and it will list on April 30, 2025 on the NSE SME.
Reference:
https://www.nseindia.com/market-data/issue-information?symbol=TANKUP&series=SME&type=Forthcoming
Author: All Content is verified by SMC Global Securities.
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