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Tankup Engineers IPO is a bookbuilding offering valued at ₹19.53 crores. This issue consists entirely of a fresh issue of 13.95 lakh shares.
The bidding period for Tankup Engineers' IPO commenced on April 23, 2025, and concluded on April 25, 2025. The allotment was finalised on Monday, April 28, 2025, and the shares were listed on NSE SME on April 30, 2025.
The price band for the Tankup Engineers IPO is set at ₹140 per share. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,33,000. However, it is recommended that investors bid at the cutoff price to avoid an oversubscription scenario, which could result in an investment closer to ₹1,40,000. For HNI (High Net-Worth Individual) investors, the minimum lot size is 2 lots (2,000 shares), totalling an investment of ₹2,80,000.
| IPO Date | April 23, 2025 to April 25, 2025 |
| Listing Date | April 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 13,95,000 shares (aggregating up to ₹19.53 Cr) |
| Fresh Issue | 13,95,000 shares (aggregating up to ₹19.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 39,00,000 shares |
| Share Holding Post Issue | 52,95,000 shares |
| Market Maker Portion | Shareholding Pre Issue |
| IPO Open Date | Wed, Apr 23, 2025 |
| IPO Close Date | Fri, Apr 25, 2025 |
| Tentative Allotment | Mon, Apr 28, 2025 |
| Initiation of Refunds | Tue, Apr 29, 2025 |
| Credit of Shares to Demat | Tue, Apr 29, 2025 |
| Tentative Listing Date | Wed, Apr 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,40,000 |
| Retail (Max) | 1 | 1000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 3,85,000 (27.6%) |
| Market Maker Shares Offered | 70,000 (5.02%) |
| QIB Shares Offered | 2,58,000 (18.49%) |
| NII (HNI) Shares Offered | 1,94,000 (13.91%) |
| Retail Shares Offered | 4,52,000 (32.4%) |
| Total Shares Offered | 13,95,000 (100%) |
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17.67 | 10.35 | 8.68 | 2.32 |
| Revenue | 12.48 | 19.54 | 11.85 | 1.4 |
| Profit After Tax | 0.95 | 2.57 | 0.79 | 0.05 |
| Net Worth | 6.17 | 3.68 | 1.11 | 0.2 |
| Reserves and Surplus | 2.27 | 3.43 | 0.86 | 0.05 |
| Total Borrowing | 7.59 | 3.69 | 2.57 | 1.42 |
Maximising Opportunities with Tankup Engineers Limited IPO
Tankup Engineers Limited IPO offers an exciting investment opportunity with a price band of ₹140 per share and a total issue size of ₹19.53 crores, comprising a fresh issue of 13.95 lakh shares. The IPO was open for bidding from April 23, 2025, to April 25, 2025, with allotments finalised on April 28, 2025, and the shares listed on NSE SME on April 30, 2025. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,33,000, with the recommended bid being at the cutoff price to avoid oversubscription scenarios.
For High Net-Worth Individual (HNI) investors, the minimum lot size is 2,000 shares (2 lots), totalling an investment of ₹2,80,000. This IPO presents a compelling opportunity for those looking to invest in a growing company in the engineering sector. However, due to the high demand expected, especially from retail and HNI investors, bidding at the cutoff price is encouraged to ensure a higher chance of allotment.
Overall, Tankup Engineers Limited IPO reflects a solid growth potential, backed by a well-structured price band and lot size. With a focus on maximising investor interest and ensuring smooth listing, the IPO could serve as an attractive option for both retail and HNI investors seeking exposure to the engineering and manufacturing industry. The company’s listing on NSE SME adds credibility and visibility, offering an added layer of transparency and investor confidence.
