Tankup Engineers Ltd’s IPO of 13.95 lakh shares (₹19.53 Cr) aims to repay borrowings, meet working capital needs, and fund general corporate purposes.
Open Date : April 23, 2025 Close Date : April 25, 2025 Allotment Date: April 28, 2025 Listing Date: April 30, 2025
IPO Price: INR 133-140 per share Lot Size: 1000 Shares. Total Issue Size: INR 19.53 crores
Tankup Engineers IPO shows mixed performance: 1. Revenue and profit growth,Asset base expansion. 2. Better liquidity,Lower debt. 3. Efficient inventory,Declining return on net worth.
Tankup Engineers IPO Peer Comparison: 1. No listed peers in India. 2. Unique business model. 3. Industry comparison not applicable.
Tankup Engineers IPO Objective: 1. Repay outstanding borrowings. 2. Fund working capital needs.
Tankup Engineers IPO Risks: 1. Dependence on key clients. 2. Product defect risks. 3. In-house estimate reliance. 4. Cost and client changes may impact financials.