Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Tankup Engineers IPO
Tankup Engineers Ltd
₹1,33,000 /1000 sharesMinimum Investment
Tankup Engineers IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹140.00 | ₹175.00 | ₹35.00 (25.00%) |
Tankup Engineers IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 23 Apr ‘25 - 25 Apr ‘25 | ₹1,33,000 | 1,000 | ₹133 - ₹140 |
| Issue Size | IPO Doc |
|---|---|
| 19.53Cr | RHP PDF |
Subscription rate
As of 25 Apr'25, 05:00 PM
| Qualified Institutional Buyers | 43.78x |
| Non-Institutional Investor | 437.03x |
| Retail Individual Investor | 33.15x |
| Employees | 0.28x |
| Total | 109.94x |
About Tankup Engineers
Founded in
2020
Managing director
Mr. Gaurav Lath
Parent organisation
Tankup Engineers Ltd
Strengths & Financials of Tankup Engineers
Strengths
Risks
Tankup Engineers manufactures products that cater to multiple industries, such as petroleum, mining, infrastructure, defence and aviation. This diversification of revenue across multiple verticals allows it to prevent concentration in any of its product categories and consequently limits the chances of it being impacted by downturns in any particular vertical.
The company claims to be focused on quality control. It holds ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications. The company is recognised as an approved fabricator of tank trucks/refuellers by the Ministry of Commerce & Industry, Petroleum & Explosives Safety Organisation (PESO).
The company also holds MSME sustainable (ZED) certification for Zero Defect Zero Effect related to its manufacturing facility.
Tankup Engineers is dependent on a few customers for its sales. For the stub period ended on November 30, 2024, and FY24, FY23 and FY22, its top 10 customers contributed 67.71 percent, 63.80 percent, 82.42 percent and 99.96 percent of its revenue from operations. Also, sales to its group companies contributed 13.07 percent, 18.83 percent, 34.20 percent and 38.69 percent, respectively, of its revenue from operations. Any loss of these customers or lower business from these customers could negatively impact its business and finances.
Tankup Engineers procures raw material from various suppliers, For the stub period ended on November 30, 2024 and FY24, FY23 and FY22, purchases from its top 10 suppliers amounted to Rs 6.21 crore, Rs 9.11 crore, Rs 8.34 crore and Rs 1.21 crore, respectively, representing 65.91 percent, 68.47 percent, 75.12 percent and 65.41 percent of its total raw material purchases. The company does not have any long-term contracts with these suppliers. So, any disruption in the supply of raw material could be detrimental to the company’s operations.
Sale of refuellers contributed 54.69 percent of the company’s total revenue in the stub period ended on November 30, 2024 amounting to Rs 6.81 crore, 52.88 percent of total revenue in FY24 amounting to Rs 10.28 crore, 37.31 percent of total revenue in FY23 amounting to Rs 4.41 crore and 50.58 percent of total revenue in FY22 amounting to Rs 0.70 crore. Though the company has diversified its product range, any slowdown in orders for refuellers could negatively affect the company’s financial position.
The company operates through one unit located in Lucknow, Uttar Pradesh. Any breakdown, failure of machinery or equipment or accidents, etc., at this unit could result in manufacturing delay, which could negatively impact its operations.
The company had negative cash flow from operating, investing and financing activities in recent years. Any repeat of the same in future could negatively impact the company’s operations and finances.
The company has entered into related party transactions in the past. It holds forth no guarantee that such transactions in future years will not negatively affect the company.
The company is involved in legal proceedings. Any unfavourable rulings in any of these cases could negatively impact the company’s financial standing.
The company was incorporated on November 3, 2020. As a result, there is limited operating history of the company, which makes it difficult for investors to evaluate its past performance or future prospects.
Tankup Engineers Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Tankup Engineers IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹133 - 140 | ₹2 - 5 Lakh |
| Employee | ₹133 - 140 | ₹2 - 5 Lakh |
| High Networth Individual | ₹133 - 140 | ₹2 - 5 Lakh |
For Tankup Engineers IPO, eligible investors can apply as Regular & Employee.