Tankup Engineers Ltd’s IPO opened for bidding from April 23, 2025, to April 25, 2025. The IPO allotment status will be finalized today, April 28, 2025. If you’re one of the investors, here’s a simple guide on how to check your allotment status on the NSE website.
Steps to Check Tankup Engineers IPO Allotment Status:
- Go to the NSE IPO allotment verification page.
- In the Select Symbol section, choose Tankup Engineers Ltd.
- Enter your PAN number and application number in the required fields.
Tankup Engineers IPO Details:
- IPO Launch Date: April 23, 2025
- IPO Closing Date: April 25, 2025
- Issue Size: ₹19.53 crores
- Price Band: ₹133 – ₹140 per share
- Minimum Lot Size: 1,000 shares (Minimum investment: ₹1,33,000)
- Expected Listing Date: April 30, 2025
The basis for allotment will be finalized today, April 28, 2025, with refunds to begin on April 29, 2025.
Key Stakeholders:
- Book-Running Lead Manager: Hem Securities Limited
- Market Maker: Hem Finlease Private Limited
- Registrar: Bigshare Services Pvt Ltd
IPO Subscription Status:
- Total Subscription: 109.94 times on the third day
- Retail Investors: Subscribed 33.15 times
- Non-Institutional Investors (NII): Subscribed 437.03 times
- Qualified Institutional Buyers (QIB): Subscribed 43.78 times
Grey Market Premium (GMP):
As of 8:01 AM on April 28, 2025, the Grey Market Premium (GMP) for Tankup Engineers IPO is ₹9, showing a 6.43% premium over the upper price band. If this trend continues, the estimated listing price could be ₹149 per share.
Company Overview:
Founded in 2020, Tankup Engineers Ltd designs and manufactures specialized vehicle superstructures and equipment, mainly for the fuel and logistics sectors. They offer customized mobile units like mobile refuellers, water sprinklers, explosive vans, tank trucks, and service vans. These products are used in various industries, including petroleum, mining, infrastructure, construction, and defence.
The company holds key certifications such as ISO 9001:2015 and approvals from the Petroleum and Explosives Safety Organisation (PESO), reflecting its commitment to quality and regulatory standards.
