What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Tankup Engineers Limited IPO?

Tankup Engineers Limited IPO has received a total subscription of 124.74 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Tankup Engineers Limited

ListedSME

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

₹8

+5.7%

Est. Listing

₹148

at current GMP

Subscribed

124.74x

overall

Open

23 Apr 2025

25 Apr 2025

Allotment

28 Apr 2025

Refund

29 Apr 2025

Demat Credit

30 Apr 2025

Listing

30 Apr 2025

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

124.74x

Total Demand

QIB Multiplier

43.65x

Institutions & Funds

NII / HNI

437.62x

High Net-Worth

Retail (RII)

46.65x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 124.74x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	258,000	11,261,000	43.65x
NIB	194,000	84,899,000	437.62x
RETAIL	452,000	21,086,000	46.65x
EMPLOYEES	36,000	13,000	0.36x
Total	940,000	117,259,000	124.74x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	24	0.00x
NIB	—	1,931	0.00x
RETAIL	—	21,086	0.00x
EMPLOYEES	—	8	0.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Tankup Engineers Limited Public Issue & Market Profile

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.

Bidding & Quota Instructions:

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 Schedule:

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.

Frequently Asked Questions

What is Tankup Engineers Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Tankup Engineers Limited IPO is ₹8 per equity share. Based on the upper price band of ₹133 to ₹140 per equity share, the estimated listing price is ₹148 (+5.7% expected listing gain).

What is the expected profit per lot for Tankup Engineers Limited IPO?

With a lot size of 1000 shares and current GMP of ₹8, the expected profit per application lot is approx ₹8,000 (+5.7% gain). Minimum application cost is approx ₹1,40,000.

What is the issue size and price band for Tankup Engineers Limited IPO?

The Tankup Engineers Limited IPO aggregate issue size is ₹19.53 Crores with an equity price band set at ₹133 to ₹140 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,40,000.

How can I check Tankup Engineers Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 124.74x (Retail: 46.65x, QIB: 43.65x, NII: 437.62x). You can track live multiples directly on our dedicated subscription page.

Where and when will Tankup Engineers Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-04-28. Investors can verify status using PAN card or application number.

When is the listing date for Tankup Engineers Limited IPO?

Tankup Engineers Limited shares are scheduled to list on NSE on 2025-04-30.