Tankup Engineers Limited IPO GMP Price Date Details
Introduction
Imagine fueling your vehicle without visiting a petrol station. Sounds futuristic, right? Well, Tankup Engineers Limited is turning this into reality by revolutionizing fuel distribution in India. As the company gears up for its Initial Public Offering (IPO), there’s a buzz in the market. Whether you’re an investor eyeing the Tankup Engineers Limited IPO GMP or just curious about the company’s journey, this article breaks down everything you need to know in a simple and engaging manner.
Explore the latest on Tankup Engineers Limited IPO GMP, price, date, lot size, and more. Everything you need to know about Tankup Engineers Limited IPO.
Company Overview
Tankup Engineers Limited, established in 2020 and based in Lucknow, is involved in manufacturing and supplying mobile fuel distribution infrastructure. Their products include mobile diesel bowsers, self-bunded tanks, and integrated fuel tracking solutions. These systems are used across industries like logistics, agriculture, infrastructure, defense, and mining.
They’re not just supplying fuel—they’re creating an ecosystem that makes fuel management smart, mobile, and efficient.
Why Tankup Engineers is Going Public
The IPO serves three main purposes:
- Repayment of certain borrowings
- Working capital needs
- General corporate purposes
Going public will also boost the company’s visibility, credibility, and help fund its ambitious plans for growth.
IPO Snapshot
Here are the key details of the IPO:
- Issue Type: Book Building – SME IPO
- Issue Size: ₹19.53 crore
- Price Band: ₹133 – ₹140 per share
- Face Value: ₹10
- Lot Size: 1,000 shares
- Minimum Investment: ₹1,33,000
- Listing Exchange: NSE SME
- Registrar: Kfin Technologies Limited
Understanding IPO GMP
Grey Market Premium (GMP) indicates investor sentiment prior to listing. As of April 21, 2025, the Tankup Engineers Limited IPO GMP was reported to be ₹0, meaning there’s currently no premium in the grey market.
But remember: GMP is unofficial and speculative. Use it as a reference, not a deciding factor.
Price Band & Lot Size Details
Here’s what investors need to know:
- Price Band: ₹133 – ₹140 per equity share
- Lot Size: 1,000 shares
- Minimum Investment: ₹1,33,000
- Retail Quota: 50% of the net issue
You’ll need to buy at least one lot, so plan your funds accordingly.
Key Dates to Remember
| Event | Date |
| IPO Opens | April 23, 2025 |
| IPO Closes | April 25, 2025 |
| Allotment Finalization | April 26–28, 2025 |
| Refunds Initiated | April 29, 2025 |
| Shares Credited to Demat | April 29, 2025 |
| Listing Date | April 30, 2025 |
Financial Performance
While audited financials are limited, the company has shown promising growth since inception. It has secured multiple clients across India and operates in a fast-growing niche.
Key strengths include:
- Repeat customers
- Certified manufacturing facilities
- A scalable and modular product lineup
Strengths & Opportunities
Why investors are paying attention:
- Innovative model in mobile fuel delivery
- Approved vendor under PESO guidelines
- ISO-certified systems ensuring safety and quality
- Expanding footprint across sectors and geographies
In a world aiming for efficiency and automation, Tankup’s value proposition stands out.
Risks & Challenges
Here are a few potential red flags:
- Heavy dependence on government compliance and approvals
- SME segment volatility compared to mainboard listings
- Competition from larger logistics and fuel infrastructure players
So, while the upside is attractive, investors should be mindful of these factors.
Industry Landscape
India’s diesel consumption is expected to double by 2030. However, traditional fuel delivery methods remain inefficient.
This creates a massive opportunity for digitized and mobile infrastructure, especially in rural and industrial zones—exactly where Tankup Engineers operates.
How to Apply for the IPO
There are multiple ways to apply:
- Through your bank using ASBA (Applications Supported by Blocked Amount)
- Using UPI via brokers like Zerodha, Upstox, Groww, etc.
- Offline applications through full-service brokers
Make sure your Demat account and KYC are active!
Investment Perspective
Should you invest? If you’re someone who’s excited by innovation in core industries, this IPO is worth exploring. While the lack of GMP might raise eyebrows, the company’s fundamentals and niche focus paint a promising picture.
As always, evaluate your risk profile and consult your financial advisor.
Analyst Opinions
Several market watchers have called Tankup Engineers a “first-mover in fuel tech infrastructure.”
There’s no overwhelming hype, but rather measured optimism about its real-world impact and growth potential.
Allotment & Listing Information
Here’s what to expect post-IPO:
- Allotment status will be available on the registrar’s site (Kfin Technologies)
- Refunds will be processed via UPI or your linked bank account
- Shares will be credited to your Demat account on April 29, 2025
- Listing happens on April 30, 2025 on the NSE SME platform
Conclusion
The Tankup Engineers Limited IPO brings something refreshingly different to the Indian stock market. It’s not just another tech or finance company—it’s solving a real, physical problem using modern tools.
Whether it’s the tech-savvy approach to fuel delivery or the push for operational transparency, Tankup Engineers has lit the spark. Now, investors need to decide: will you fuel the journey?
FAQs
What is the GMP for Tankup Engineers Limited IPO?
As of now, the GMP is reported to be ₹0, suggesting neutral market sentiment ahead of the listing.
What is the price band and minimum investment required?
The price band is ₹133 to ₹140, with a minimum lot size of 1,000 shares, requiring an investment of ₹1,33,000.
On which exchange will the shares be listed?
The IPO will be listed on the NSE SME platform.
How can I check my allotment status?
Visit the registrar’s website (Kfin Technologies), enter your PAN or application number to track your allotment.
Is Tankup Engineers IPO a good investment for beginners?
It depends on your investment goals and risk appetite. For those looking to invest in niche, growth-oriented SMEs, it’s worth exploring after due research.
