Tankup Engineers IPO Live
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Schedule of Tankup Engineers
| Issue open date | 23 Apr 2025 |
| Issue close date | 25 Apr 2025 |
| UPI mandate deadline | 25 Apr 2025 (5 PM) |
| Allotment finalization | 28 Apr 2025 |
| Refund initiation | 29 Apr 2025 |
| Share credit | 29 Apr 2025 |
| Listing date | 30 Apr 2025 |
| Mandate end date | 10 May 2025 |
| Lock-in end date for anchor investors (50%) | 28 May 2025 |
| Lock-in end date for anchor investors (remaining) | 27 Jul 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Tankup Engineers
Incorporated in 2020, Tankup Engineers Limited manufactures vehicle superstructures for mobility and storage solutions. The company produces products such as fuel tanks, mobile diesel bowsers, and ground support equipment, catering to industries including agriculture, mining, aviation, defence, and infrastructure. The company operates a facility in Lucknow with ISO certifications and offers customised tanks based on client specifications. It also provides mobile service vans and maintenance services.
Financials of Tankup Engineers
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹19.53 crores |
| Fresh Issue | ₹19.53 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of outstanding borrowings | 3.50 (17.91%) |
| Working capital requirements | 10.00 (51.02%) |
| General corporate purposes | 4.88 (25.00%) |
Strengths
- Diverse product portfolio across industries like Petroleum, Mining, Infrastructure, Defence, and Aviation.
- In-house fabrication with stringent quality control at every stage.
- ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and MSME ZED certified.
- Focus on producing durable, compact, and pilferage-proof designs.
- Experienced management with a focus on manufacturing and operational efficiency.
- Skilled workforce with ongoing in-house training programs.
Risks
- Dependence on key customers, with a significant portion of revenue from the top ten customers.
- Reliance on refuellers as a key product; any decline in sales may impact the business.
- Dependence on design and engineering teams for accurate estimates and timely execution.
- Geographical concentration of operations, particularly in Uttar Pradesh, may affect business.
- Supply chain risk due to reliance on specific raw material suppliers.
- Dependency on the automobile industry for key components, which can impact operations if disrupted.
Allotment Status for Tankup Engineers
To check your allotment status – click here.