Latest IPO in India: Tankup Engineers Limited – A Promising Opportunity for Investors
The latest IPO in India, Tankup Engineers Limited, is generating significant interest among investors. With its niche in manufacturing specialized vehicle superstructures, the company is set to open its public issue on April 23, 2025. This article provides comprehensive IPO details, including the IPO price band, subscription status, and other critical information to guide potential investors.
Company Overview
Established in 2020, Tankup Engineers Limited specializes in designing and manufacturing customized mobile tanks and vehicle-mounted superstructures. Their product range includes mobile refuellers, water sprinklers, service vans, explosive vans, tank trucks, blasting shelters, and ground support equipment like airport baggage trolleys. Serving industries such as petroleum, mining, infrastructure, defense, aviation, and automobile, the company operates from a 2,665 square meter facility in Lucknow, Uttar Pradesh.
IPO Timeline
-
IPO Opening Date: April 23, 2025
-
IPO Closing Date: April 25, 2025
-
Basis of Allotment: April 28, 2025
-
Initiation of Refunds: April 29, 2025
-
Credit of Shares to Demat Account: April 29, 2025
-
IPO Listing Date: April 30, 2025
-
Listing Exchange: NSE SME
Price Band
-
Face Value: ₹10 per equity share
-
Price Band: ₹133 to ₹140 per share
Lot Size
-
Market Lot: 1,000 shares
-
Minimum Investment: ₹140,000
Key Dates
-
IPO Open Date: April 23, 2025
-
IPO Close Date: April 25, 2025
-
Allotment Date: April 28, 2025
-
Listing Date: April 30, 2025
Financials
| Financial Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| FY 2022 | 1.40 | 0.05 | 2.32 |
| FY 2023 | 11.85 | 0.79 | 8.68 |
| FY 2024 | 19.54 | 2.57 | 10.35 |
Strengths
-
Diverse Product Portfolio: Caters to multiple industries with specialized vehicles.
-
In-House Manufacturing: Ensures quality control and customization.
-
Experienced Management: Led by industry veterans with a clear vision.
-
Certifications: ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified.
Risks
-
Limited Operating History: Established in 2020, the company has a relatively short track record.
-
Market Competition: Faces competition from established players in the industry.
-
Dependence on Specific Industries: Revenue is tied to sectors like petroleum and defense, which can be cyclical.
IPO Anchor Investors Details
| Investor Category | Shares Offered | Percentage (%) |
|---|---|---|
| Anchor Investors | 385,800 | 27.66% |
| Qualified Institutional Buyers (QIBs) | 257,200 | 18.44% |
| Non-Institutional Investors (NIIs) | 194,000 | 13.91% |
| Retail Individual Investors (RIIs) | 452,000 | 32.40% |
| Market Makers | 70,000 | 5.02% |
| Employees | 36,000 | 2.58% |
IPO Promoter Holding Details
| Promoter Name | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Gaurav Lath | Data Not Available | Data Not Available |
| Pankhuri Lath | Data Not Available | Data Not Available |
| Govind Prasad Lath | Data Not Available | Data Not Available |
| Tank-Up Petro Ventures LLP | Data Not Available | Data Not Available |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| April 20, 2025 | Data Not Available | Data Not Available | Data Not Available |
Final Thoughts
Tankup Engineers Limited’s IPO presents an opportunity to invest in a company with a unique product offering and a growing presence in specialized vehicle manufacturing. While the company shows promising financial growth, potential investors should consider the associated risks and conduct thorough due diligence before investing.