
Capital Goods / Industrial Engineering · NSE
Tankup Engineers Limited, incorporated in 2020, is engaged in manufacturing vehicle superstructures for complex mobility and storage requirements. The company offers customized products such as self-bunded fuel tanks, mobile diesel bowsers, aircraft refuellers, fire tenders, ground support equipment, water sprinklers, and mobile service vans, designed as per specific client needs. It caters to diverse sectors including agriculture, mining, construction, logistics, aviation, defence, and infrastructure. Tankup operates from a 2,665 sq. mtr. ISO-certified, PESO-approved facility in Lucknow and also holds MSME ZED certification, showcasing strong quality and sustainability standards. As of March 31, 2024, the company employed approximately 45 people.
Price Band
₹133 – ₹140
Issue Size
₹19.53 Cr
Lot Size
1000 shares
GMP
+5.7%
Est. Listing
₹148
at current GMP
Subscribed
124.74x
overall
Open
23 Apr 2025
Close
25 Apr 2025
Allotment
28 Apr 2025
Refund
29 Apr 2025
Demat Credit
30 Apr 2025
Listing
30 Apr 2025
Designated Registrar: Bigshare Services Private Limited
Allotment Date
28 Apr 2025
Basis finalization
Refunds Initiate
29 Apr 2025
Mandate release
Demat Credit
30 Apr 2025
Shares in demat
Listing Debut
30 Apr 2025
Trading begins
Tankup Engineers Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Engineering sector with an aggregate issue size of ₹19.53 Crores. The shares are offered at a price band of ₹133 to ₹140 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-04-30, while un-allotted funds or UPI block mandates will be released on 2025-04-29.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.