Tankup Engineers came to market through an SME IPO that opened on 23 April 2025 and closed on 25 April 2025, and the shares listed on 30 April 2025 on NSE SME. The price band was ₹133 to ₹140 per share and one lot was 1000 shares, so the minimum application was ₹1,40,000. The issue size was ₹19.53 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Hem Securities Limited was the lead manager.
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Founded in 2020, Tankup Engineers Limited deals with the production of vehicle superstructure for intricate mobility and storage solutions. The company deals in products such as self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment.The company deals with the production of custom-built tanks for liquid, gas, or solid transportation or storage, customized to the client's requirements in terms of size, material, capacity, and functional aspects.
The company caters to industries like agriculture, mining, construction, logistics, aviation, defense, and infrastructure.The company has a 2,665 sq. mtr. plant in Lucknow, which is ISO accredited and PESO approved, and has MSME ZED certification for Zero Defect Zero Effect production. As of March 31, 2024, the firm has had about 45 staff members at various levels of the Organization. Company Products: Mobile Refuellers:IoT-based fuel solutions streamline management in various industrial sectors.
Water sprinkler:Custom water sprinklers maximize efficiency, save water, and provide safety. Mobile Service Van:Tailor-made service vans support safe, productive on-site maintenance of equipment.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Gaurav Lath, Pankhuri Lath, Govind Prasad Lath, Tank-Up Petro Ventures LLP. Promoter holding 100% before the issue and 73.65% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Tankup Engineers IPO was a ₹19.53 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹133–₹140 per share with a lot size of 1,000 shares (₹1,40,000). The IPO was open from April 23 to April 25, 2025. Shares listed on NSE SME on April 30, 2025 at ₹175, a 25.0% premium to the issue price of ₹140. Bigshare Services Pvt Ltd is the registrar. Hem Securities Limited is the book running lead manager.
The price band of Tankup Engineers IPO is ₹133 to ₹140 per share.
The lot size of Tankup Engineers IPO is 1000 shares.
The minimum investment for Tankup Engineers IPO is approximately ₹1,40,000 based on the upper price band.
The allotment date of Tankup Engineers IPO is Apr 28, 2025.
Tankup Engineers IPO's final recorded GMP before listing was ₹8 per share (a 6% premium over the ₹140 upper price band). The shares listed at ₹175. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Tankup Engineers IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tankup Engineers IPO allotment status on Rupix for quick and easy access.
₹133 to ₹140 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 April 2025 and closed on 25 April 2025.
The basis of allotment was published on 28 April 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 April 2025 on NSE SME.
The issue size was ₹19.53 crore. The fresh issue was 13,95,000 shares (aggregating up to ₹19.53 crore).