Tankup Engineers IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The bidding for Tankup Engineers IPO started on April 23, 2025, and concluded on April 25, 2025. The basis of allotment will be finalised today, April 28, 2025. Know the procedure for checking the allotment status on the NSE website. 

Steps to Check Tankup Engineers IPO Allotment Status on NSE 

Here is the process to check Tankup Engineers Ltd IPO Allotment Status on NSE 

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “Tankup Engineers”.
• Enter your PAN number and application number.
• Click “Submit.”

 IPO Details

Tankup Engineers Ltd launched its IPO on April 23, 2025, with a total issue size of ₹19.53 crores. The IPO price band is fixed between ₹133 - ₹140 per share. Investors can apply with a minimum lot size of 1000, requiring a minimum investment of ₹1,33,000. The shares are expected to be listed on NSE with a tentative listing date of April 30, 2025. The basis of allotment will be finalised on April 28, 2025, followed by the initiation of refunds on April 29, 2025.

Hem Securities Limited is the book-running lead manager, Hem Finlease Private Limited is the market maker for the issue, and Bigshare Services Pvt Ltd is the registrar.

Utilisation of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Repayment in full or in part, of certain of the outstanding borrowings.
• Funding to meet working capital requirements.
• General Corporate Purposes.

Overall Subscription Status 

(April 25, 2025, 05:00 PM)

Tankup Engineers IPO was subscribed 109.94 times on the third day, according to NSE data. Of these, 

• Retail investors subscribed 33.15 times, 
• Non-institutional investors (NII) subscribed 437.03 times, 
• Qualified Institutional Buyers (QIBs) subscribed 43.78 times.

GMP (Grey Market Premium) Details

According to InvestorGain, as of April 28, 2025, 8:01 AM, the Grey Market Premium (GMP) for Tankup Engineers Ltd stood at ₹9. This indicates a premium of 6.43% over the upper band of the issue price. If the current GMP trends continue, the estimated listing price is expected to be ₹149.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source:  InvestorGain Media Report dated April 28, 2025 

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Tankup Engineers Business Overview

Tankup Engineers Limited, established in 2020, designs, manufactures, and supplies specialised vehicle superstructures and equipment, primarily for the fuel and logistics sectors. The company focuses on building customised mobile units such as mobile refuellers, water sprinklers, explosive vans, tank trucks, and service vans. These products cater to various industries, including petroleum, mining, infrastructure, construction, and defence.

The company’s manufacturing processes are supported by key certifications like ISO 9001:2015 and approvals from the Petroleum and Explosives Safety Organisation (PESO), reflecting a commitment to quality and regulatory compliance.