Tankup Engineers IPO

IPO Details

Bidding Dates

23 Apr '25 - 25 Apr '25

Minimum Investment

₹1,40,000 / 1 Lot (1000 Shares)

Price Range

₹133 - ₹140

Maximum Investment

₹1,40,000 / 1 Lot (1000 Shares)

Retail Discount

To be announced

Issue Size

₹19.53 Cr

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |

Tankup Engineers IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 23, 25

IPO Closing Date

Apr 25, 25

Basis of Allotment

Apr 28, 25

Initiation of Refunds

Apr 29, 25

IPO Listing Date

Apr 30, 25

About Tankup Engineers IPO

Tankup Engineers IPO is a book-built issue valued at ₹19.53 crore. It is an entirely fresh issue of 13.95 lakh shares. It opens for subscription on April 23, 2025, and closes on April 25, 2025. The allotment is expected to be finalised on April 28, 2025, with a tentative listing date of April 30, 2025, on the NSE SME platform.

The IPO price is set at a price band of ₹133 - ₹140 per share. Retail investors need a minimum investment of ₹1,40,000 for one lot of 1000 Shares, while HNI investors must invest in at least 2 lots, amounting to ₹2,80,000.

Hem Securities Limited is the book-running lead manager for this issue, while Bigshare Services Private Limited serves as the registrar. Hem Finlease Private Limited is the market maker.

For detailed financial and operational information, investors can refer to the Tankup Engineers IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the NSE SME platform.

Industry Outlook

The capital outlay for infrastructure in India increased by 11.1% in the Interim Budget 2024–25, reaching ₹11.11 lakh crore, which is 3.4% of GDP. The National Infrastructure Pipeline includes 9,142 projects, with a strong emphasis on roads, bridges, and transport.
Diesel demand in India is expected to double to 163 million tonnes by 2029–30. High-speed diesel currently accounts for 38.6% of total petroleum product consumption, underscoring its continuing importance in industrial and transport applications.
Recent amendments to the Mines and Minerals Act in February 2024 introduced royalty rates for 12 critical minerals and enhanced the auction process. These changes support increased exploration and development across key mineral segments.
The defence sector has seen record budgetary allocations of ₹6.21 lakh crore in FY25. With over 190 startups and new procurement rules, the focus is on indigenisation, private sector collaboration, and expansion through defence industrial corridors.
India’s aviation sector is expanding rapidly, with over 2,200 aircraft projected to be added by 2042. The MRO (maintenance, repair, and overhaul) market is expected to grow beyond US$ 2.4 billion by FY28, supported by favourable government policies.
The engineering and fabrication segment is witnessing growth due to rising demand from oil and gas, water infrastructure, defence, and aviation. Industry reforms, capex support, and localisation initiatives are expected to sustain this momentum.

Tankup Engineers IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

To fund capital expenditure requirements for setting up a new manufacturing facility.
To meet the company's working capital requirements.
To cover general corporate purposes.
To meet issue-related expenses.

About Tankup Engineers Limited

Tankup Engineers Limited was originally incorporated as Tankup Engineers Private Limited on November 3, 2020, under the Companies Act, 2013. Following a change in its object clause, it received a fresh certificate of incorporation on August 25, 2023. The company was subsequently converted into a public limited company on July 24, 2024, and renamed Tankup Engineers Limited.

The company is engaged in the design, engineering, fabrication, and installation of storage and mobile fuel solutions. Its offerings include diesel bowser units, mobile fuel dispensing equipment, smart storage systems, and integrated fuel management infrastructure.

Tankup Engineers serves a variety of sectors, including oil and gas, defence, infrastructure, construction, and transportation, providing clients with on-site fuel management and distribution systems. Its in-house capabilities span design, manufacturing, customisation, and installation, with a focus on safety, efficiency, and compliance.

The company’s manufacturing facility is located in Lucknow, Uttar Pradesh, and is supported by a growing pan-India presence. Through this IPO, Tankup Engineers aims to expand its production capacity, strengthen its working capital position, and invest in operational growth and general corporate purposes.

How To Check the Allotment Status of the Tankup Engineers IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Tankup Engineers IPO Online?

Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Tankup Engineers IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Tankup Engineers IPO

Registered office: 1262, SA Goila, Chinhat, Lucknow-226019, Uttar Pradesh, India.

Phone: +91-7800008707

E-mail: cs@tankup.co.in

Tankup Engineers IPO Category Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Tankup Engineers IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,40,000
Retail (Max)	1	1000	₹1,40,000
HNI (Min)	2	2000	₹2,85,600

Tankup Engineers IPO Promoter Holding

Gaurav Lath, Pankhuri Lath, Govind Prasad Lath, and Tank-Up Petro Ventures LLP are the company's promoters.

Share Holding Pre-Issue	100.00%
Share Holding Post Issue	73.65%

Key Performance Indicators for Tankup Engineers IPO

As of March 31, 2024, the market capitalisation of Shri Ahimsa Naturals's IPO is ₹74.13 crore. Here are the KPIs of Shri Ahimsa Naturals:

KPI	Value
EBITDA Margin (%)	17.84
Net Profit Margin (%)	13.23
Return on Net Worth (RoNW) (%)	69.75
Return on Capital Employed (%)	46.49

Price Metrics

Metric	Pre-IPO	Post-IPO
EPS (₹)	6.59	2.68
P/E (x)	21.26	52.19

Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.

The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of November 30, 2024, that are available in RHP.

Tankup Engineers IPO Prospectus

Tankup Engineers IPO Registrar and Lead Managers

Tankup Engineers IPO Lead Managers

Hem Securities Limited

Registrar for Tankup Engineers IPO

Bigshare Services Private Limited

Contact Number: +91-22-6263 8200
Email Address: ipo@bigshareonline.com

Tankup Engineers IPO Registrar

Financial Performance of Tankup Engineers Limited

Particulars	Year ending on March 31, 2024	Year ending on March 31, 2023	Year ending on March 31, 2022
EBITDA (₹ in lakhs)	346.33	127.25	8.14
EBITDA Margin %	17.84	10.77	5.82
Net Profit after tax (₹ in lakhs)	256.88	78.87	4.60
Net Profit Margin %	13.23	6.68	3.29
Return on Net Worth %	69.75	70.80	23.44
Return on Capital Employed %	46.49	30.30	3.89

Know before investing

Strengths

Diverse product portfolio catering to multiple industries such as petroleum, mining, infrastructure, and defence.
Comprehensive in-house fabrication capabilities ensuring quality control and timely delivery.
Strong order book of ₹2,210.99 lakhs as of March 13, 2025, indicating robust demand.
Stringent quality control mechanisms maintaining customer satisfaction and reducing defects.
Experienced and qualified management team driving strategic growth.

Risks

A significant portion of revenue comes from a few key customers. Loss of any major customer could adversely affect the business.
Failure to meet stringent quality standards and customer inspections could lead to order cancellations and damage to reputation.
Heavy reliance on the sale of Refuellers. Any decline in demand for this key product could impact financial performance.
Dependence on timely supply of raw materials. Any delay or interruption could affect production schedules and profitability.
Non-compliance with various statutory and regulatory requirements could lead to penalties and operational disruptions.