Tankup Engineers shares opened with a 25% premium on the NSE SME platform at ₹175, marking a stellar debut. The IPO was oversubscribed 124.67 times, raising ₹19.53 crore.
On 1 May 2025, Tankup Engineers Limited, an Indian company specializing in mobility and storage solutions for various industries, made a stellar debut on the NSE SME platform. The stock opened at ₹175, 25% higher than its IPO price of ₹140. The IPO had a significant response from investors, being oversubscribed 124.67 times.
Founded in 2020, Tankup Engineers develops and manufactures vehicle superstructures, including self-bunded fuel tanks, mobile diesel bowsers, fire tenders, and more, catering to sectors such as agriculture, defense, logistics, and aviation. The company operates from a state-of-the-art 2,665 sq. m facility in Lucknow, Uttar Pradesh, which is ISO certified and approved by the Petroleum and Explosives Safety Organization (PESO).
The IPO raised ₹19.53 crore through the fresh issue of 13,95,000 equity shares. The funds will be utilized for corporate activities and loan repayments. Hem Securities Limited acted as the lead book-running manager, while Bigshare Services Pvt Ltd was the registrar for the offering.
The company’s unique operational model, offering custom-built tanks for transporting and storing liquids, gases, and solids, has set it apart from competitors, as there are no similar companies listed in India.
