Tankup Engineers IPO subscribed 124.67 times on the last day, a retail quota was subscribed over 46.51 times, NII was subscribed over 437.62 times, and QIB was 43.65 times respectively.
Details About Tankup Engineers IPO
Tankup Engineers got approval from SEBI for an IPO of around ₹19.53 crores. Tankup Engineers IPO is a fully fresh issue of ₹19.53 crores with a face value of Rs.10 each. Further, Tankup Engineers had a set price band of ₹133 to ₹140 Per Share.
In the Tankup Engineers IPO, 1000 shares were in 1 lot size for the retail minimum and maximum categories as well. Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Tankup Engineers IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,40,000.
- SHNI (S-HNI): Minimum investment of ₹2,80,000.
Tankup Engineers IPO’s Subscription Duration
Tankup Engineers IPO was started on April 23, 2025, and closed on April 25, 2025. The Tankup Engineers IPO’s allotment date was April 28, 2025, and they received a refund on April 29, 2025. In contrast, Tankup Engineers’ listing date is scheduled for April 30, 2025.
Tankup Engineers’ IPO funds deployment
- The proceeds raised from the fresh issue will be utilized for the Repayment in full or in part of certain of the outstanding borrowings.
- The funds will be used to handle the working capital requirements of the company.
- Lastly, the remaining funds will be utilized for the company’s General Corporate Purpose.
About Tankup Engineers Company
Founded on 3rd December 2020, Tankup Engineers Limited is one of the leading companies focuses in the business of manufacturing of custom vehicle superstructure that will use to handle complex mobility and storage solutions. The company involved in designing containers and tank-like units that will help to keep materials such as liquids, gases, or solids. Whether its size, material or capacity, the company also provide custom-made tanks that meet the requirements of every clients. Petroleum, Mining, infrastructure, Defence, are the various industries the company serve their products. From fabrication of tanks to designing tanks that can manage diverse range of commercial applications. As of March 31, 2024, Tankup engineers consists of around 45 employees. They manufacture Mobile Refuellers, Water Sprinklers, Mobile Service Vans, Explosive Vans, Tank Trucks, Blasting Shelters tanks and many other various types of tanks. Their manufacturing facilities are situated in Lucknow covering an area of 2665 square meters.
Financial Resort of the Tankup Engineers Company
The company reported revenue of ₹19.54 crores in 2024 against ₹11.85 crores in 2023. The company reported a profit of ₹2.57 crores in 2024 against a profit of ₹0.79 crores in 2023.
