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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Tankup Engineers Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹140
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹19.53 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.65%
Issue Type
Book Building - SME
ISIN
INE0Z7N01017
We are engaged in the business of manufacturing specialised vehicle superstructure for complex mobility and storage solutions of various capacities. This involves manufacturing large containers or tank like solutions used for transporting/storing various materials, which could include liquids, gases or solids, depending on customer product range. These tanks may be custom-built to meet specific client requirements regarding size, material, capacity, and features. We cater to a broad spectrum of end-use industries like: Petroleum, Mining, Infrastructure, Defence etc. Our manufacturing activity involves focus on fabrication of tanks dedicated to delivering mobile solutions that may be deployed for a wide range of commercial use.
India retained its spot as the third-largest consumer of oil in the world, as of 2023. FDI inflows in India's petroleum and natural gas sector stood at US$ 8.19 billion between April 2000-June 2024. Diesel demand in India is expected to double to 163 MT by 2029-30, with diesel and gasoline covering 58% of India's oil demand by 2045. Organisation of the Petroleum Exporting Countries (OPEC) meets 78% of India's crude oil demand, 59% LPG needs and 38% LNG consumption. India's oil demand in the year 2024 is expected to see a growth of 220,000 barrels per day to reach 5.57 million barrels per day, up 4.19% from 2023, as per an estimate by OPEC.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 13,95,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Tankup Engineers Limited ("the Company" or "the Issuer") at an issue price of Rs. 140/- per equity share for cash, aggregating up to Rs. 19.53 crores ("Public Issue") out of which 70,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 140/- per equity share for cash, aggregating Rs. 0.98 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion") and upto 36,000 equity shares aggregating up to Rs. 0.50 crores for subscription by eligible employees (As Defined Hereinafter) (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. issue of 12,89,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 140/- per equity share for cash, aggregating upto Rs. 18.05 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.35 % and 24.34 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. The issue price is 14 times with the face value of the equity shares. the anchor investor issue price is Rs. 140 per equity share.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated as a Private Limited Company under the name "Tankup Engineers Private Limited" on November 03, 2020 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre with CIN: U74999UP2020PTC137401. Further, Fresh Certificate of Incorporation dated August 25, 2023 issued by the Registrar of Companies, Kanpur, consequent upon change in the object of the Company, bearing CIN: U29109UP2020PTC137401. Subsequently, our Company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on April 23, 2024 and consequently the name of our Company was changed from "Tankup Engineers Private Limited" to "Tankup Engineers Limited" vide a fresh certificate of incorporation dated July 24, 2024, issued by the Assistant Registrar of Companies, Central Processing Centre bearing CIN: U29109UP2020PLC137401.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.