31 Mar 2022
Assets2.32
Total Income1.40
Profit After Tax0.05
NET Worth0.20
Reserves and Surplus0.05
Total Borrowing1.42
At a glance
Updated 2026-09-12The shares listed at ₹175.00, a 25.00% move from the issue price. Tankup Engineers is a SME IPO with an issue size of ₹19.53 crore, proposed for listing on NSE SME. The offer opens on 23rd Apr 2025 and closes on 25th Apr 2025. The issue structure includes a fresh issue of ₹18.55 crore. The current listing schedule points to 30th Apr 2025.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹19.53 Cr
Fresh issue₹18.55 Cr
Face value₹10
Price band₹133.00–₹140.00
Allotment28th Apr 2025
Listing30th Apr 2025
Listing performance
Full performance ↗Issue price₹140.00
Listing price₹175.00
Current price—
Listing gain25.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹8.00
GMP / upper price5.71%
Est. listing₹148.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens23rd Apr 2025
Closes25th Apr 2025
Allotment28th Apr 2025
Refund29th Apr 2025
Demat29th Apr 2025
Listing30th Apr 2025
Subscription demand
Full bidding ↗Total124.67×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1000 | ₹140,000 |
Company
Incorporated2020
Use of proceeds
| Object | Amount |
|---|---|
| Repayment in full or in part, of certain of the outstanding borrowings | ₹3.50 Cr |
| Funding to meet working capital requirements | ₹10.00 Cr |
| General Corporate Purposes | ₹4.61 Cr |
| Issue Expenses | ₹1.42 Cr |
| Total | ₹19.53 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue12.48₹ Cr · -36.1% vs prior year
PAT0.95₹ Cr · -63.0% vs prior year
Assets17.67₹ Cr · +70.7% vs prior year
Net Worth6.17₹ Cr · +67.7% vs prior year
Borrowing7.59₹ Cr · +105.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2023
Assets8.68
Total Income11.85
Profit After Tax0.79
NET Worth1.11
Reserves and Surplus0.86
Total Borrowing2.57
31 Mar 2024
Assets10.35
Total Income19.54
Profit After Tax2.57
NET Worth3.68
Reserves and Surplus3.43
Total Borrowing3.69
30 Nov 2024
Assets17.67
Total Income12.48
Profit After Tax0.95
NET Worth6.17
Reserves and Surplus2.27
Total Borrowing7.59
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 107.11% |
| ROCE | 46.49% |
| Debt / Equity | 1.00% |
| RoNW | 69.75% |
| PAT Margin | 13.23% |
| Price to Book Value | 10.46 |
Valuation & shareholding
Pre-IPO EPS6.59
Post-IPO EPS2.68
Pre-IPO P/E21.26
Post-IPO P/E52.19
Promoter holding pre100%
Promoter holding post73.65%
Market cap₹74.13 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Tankup Engineers IPO | — | 52.19 x | — | — |
| Paluck Technologies IPO | — | 6.62 x | — | — |
| Sumax Engineering IPO | — | 15.05 x | — | — |
| Technocrats Plasma IPO | — | 16.26 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Repayment in full or in part, of certain of the outstanding borrowings | ₹3.50 Cr |
| Funding to meet working capital requirements | ₹10.00 Cr |
| General Corporate Purposes | ₹4.61 Cr |
| Issue Expenses | ₹1.42 Cr |
| Total | ₹19.53 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-12.
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