Tankup Engineers IPO subscription started on Wednesday, April 23, 2025, and will close on April 25, 2025, as per the schedule. The price band is set at ₹133 to ₹140 per share with a face value of ₹10.
Tankup Engineers IPO Subscription Status
Tankup Engineers IPO subscribed over 1.21x on its First day till 05.00 PM on 23rd April 2025.
- Tankup Engineers IPO subscription QIB investors portion is 1.94x times, while NII subscribed 0.73x times and RII investors subscribed 1.08x times.
- The company has received bids for 11,35,000 shares against 9,40,000 shares on offer on the First day.
- Tankup Engineers IPO subscribed over 1.21x on day 1.
About Tankup Engineers IPO
Tankup Engineers Limited, incorporated on 3rd December 2020, is one of the well-known companies that specializes in the business of manufacturing custom vehicle superstructure designed to handle complex mobility and storage solutions. This includes building large containers or tank-like units to store a wide range of materials such as liquids, gases, or solids. They also offer custom-made tanks that meet the size, material, capacity, and feature requirements of the clients.
The company serves various industries like Petroleum, Mining, Infrastructure, Defence, etc. They run their business by first focusing on the fabrication of tanks, designing tanks that can handle a wide range of commercial applications. Mobile Refuellers, Water Sprinklers, Mobile Service Vans, Explosive Vans, Tank Trucks, Blasting Shelters, and more are the types of tanks they manufacture. Their manufacturing facilities are located in Lucknow, covering an area of 2665 square meters. Tankup includes around 45 employees as of March 31, 2024.
Tankup Engineers IPO Company Financial Report
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.
Tankup Engineers IPO GMP:
Tankup Engineers IPO GMP was ₹4 as of Wednesday, 23rd April. That indicates the IPO is trading at ₹144 with a ₹4 premium in the grey market against the issue price of ₹140.
