Latest news with #TankupEngineers
Business Standard
30-04-2025
- Business
- Business Standard
NSE SME Tankup Engineers rolls off the IPO assembly line at a premium
Shares of Tankup Engineers settled at Rs 183.75 on the NSE, a premium of 31.25% compared with the issue price of Rs 140. The scrip was listed at 175, a premium of 25% over the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 183.75 and a low of Rs 175. About 6.01 lakh shares of the company changed hands at the counter. Tankup Engineers' IPO was subscribed 116.17 times. The issue opened for bidding on 23 April 2025 and it closed on 25 April 2025. The price band of the IPO was set at Rs 133 to Rs 140 per share. The IPO comprised of upto 13,95,000 equity shares (including market maker portion of 70,000 equity shares, employee reservation portion of 36,000 equity shares and anchor allocation portion of 3,85,000 equity shares). The promoter and promoter group shareholding diluted to 73.65% from 100% pre-issue. The company intends to utilize the net proceeds for the repayment, in full or in part, of certain of the companys outstanding borrowings, funding to meet working capital requirements, and general corporate purposes. Ahead of the Tankup Engineers on 24 March 2025, raised Rs 5.39 crore from anchor investors. The board has allotted 3.85 lakh shares at Rs 140 per share to 3 anchor investors. Tankup Engineers specializes in manufacturing custom vehicle superstructures, primarily tank-like containers for transporting or storing liquids, gases, or solids. Serving industries like petroleum, mining, infrastructure, and defense, the company delivers mobile, scalable storage solutions tailored to client needs in terms of size, material, and functionality. As of 30 November 2024, the company had a total of 61 employees at various levels of the organization. The company recorded revenue from operations of Rs 12.45 crore and net profit of Rs 0.95 crore for the period ended 30 November 2024.
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Business Standard
30-04-2025
- Business
- Business Standard
Tankup Engineers shares list at 25% premium, surpassing IPO GMP estimates
Tankup Engineers IPO listing today: Shares of mobility and storage solutions provider Tankup Engineers made a solid debut on the NSE SME on April 30, following the completion of its Initial Public Offering (IPO). Tankup Engineers shares listed at ₹175 apiece on the NSE, reflecting a premium of ₹35 per share or 25 per cent against the issue price of ₹140 per share. Tankup Engineers IPO listing outperformed grey market estimates. Ahead of the listing, the unlisted shares of Tankup Engineers were trading at around ₹148 apiece, reflecting a grey market premium (GMP) of ₹8 or 5.71 per cent over the issue price, according to sources tracking unofficial market activity. Tankup Engineers IPO details The SME offering, valued at around ₹19.53 crore, comprised an entirely fresh issue of 1.4 million equity shares with no offer-for-sale (OFS) component. The public issue was open for subscription from Wednesday, April 23, 2025, to Friday, April 25, 2025. Tankup Engineers raised ₹5.39 crore from anchor investors on the bidding concluded on April 22, 2025. ALSO READ | The Tankup Engineers IPO was priced between ₹133–₹140 per share, with a lot size of 1,000 shares. The public offering garnered an overwhelming response from investors, getting oversubscribed by nearly 124.67 times. The highest demand came from Non-Institutional Investors (NIIs), who oversubscribed their category by 437.62 times, followed by retail investors at 46.51 times, and Qualified Institutional Buyers (QIBs) at 43.65 times. Tankup Engineers will utilise the proceeds from the public issue for the repayment, in full or in part, of certain outstanding borrowings. The remaining proceeds will be used for funding working capital requirements and general corporate purposes. Bigshare Services is the registrar for the issue, while Hem Securities served as the sole book-running lead manager. About Tankup Engineers Tankup Engineers manufactures vehicle superstructures and custom-built tanks for various industries. Their products include fuel tanks, refuelers, fire tenders, and ground support equipment. The company serves sectors such as agriculture, mining, construction, and aviation. With a 2,665 sq. m facility in Lucknow, the company holds ISO and PESO certifications. Tankup Engineers offers a diverse range of products with in-house fabrication capabilities and stringent quality control.
Mint
30-04-2025
- Business
- Mint
Tankup Engineers share price makes a stellar debut, stock opens with 25% premium at ₹175 apiece on NSE SME
Tankup Engineers share price made a positive debut on NSE SME today. Tankup Engineers share price today opened at ₹ 175, which is 25% higher than the issue price of ₹ 140. The initial public offering (IPO) of Tankup Engineers had a subscription period that ran from Wednesday, April 23 until Friday, April 25. With a face value of ₹ 10, shares in the Tankup Engineers IPO are priced at ₹ 140. At least 1,000 of those shares are up for bid, and there are multiples of those shares available. Tankup Engineers IPO subscription status was 124.67 times on the last day of bidding. Established in 2020, Tankup Engineers Limited specializes in developing vehicle superstructures that offer intricate mobility and storage solutions. The company offers a variety of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The company emphasizes the design of tailored tanks for liquid, gas, or solid transportation or storage, customized to meet clients' specific needs regarding size, materials, capacity, and functionality. Its products serve numerous industries, including agriculture, mining, construction, logistics, aviation, defense, and infrastructure. The company operates a 2,665 sq. m facility in Lucknow, which is ISO certified and has been approved by PESO, as well as received the MSME ZED certification for Zero Defect Zero Effect manufacturing. According to the red herring prospectus (RHP), there are currently no listed companies in India with a similar operational model, making it impossible to compare their business with industry peers. Tankup Engineers IPO consists of a fresh issue of 13,95,000 equity shares, aggregating to ₹ 19.53 crore. There's no offer for sale (OFS) component. Tankup Engineers IPO aims to use the net proceeds for various purposes, including the full or partial repayment of certain outstanding loans, financing to fulfill working capital needs, and general corporate activities. Hem Securities Limited serves as the lead book-running manager for the Tankup Engineers IPO, while Bigshare Services Pvt Ltd acts as the registrar for the offering. Tankup Engineers IPO GMP today is +8. This indicates Tankup Engineers share price were trading at a premium of ₹ 8 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tankup Engineers share price was indicated at ₹ 148 apiece, which is 5.71% higher than the IPO price of ₹ 140. According to the grey market activities over the past 14 sessions, the IPO GMP is rising today, indicating a potential for a robust listing. The minimum GMP recorded is ₹ 0.00, and the maximum GMP is ₹ 15. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
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Business Standard
30-04-2025
- Business
- Business Standard
Stock Market LIVE Updates: Realty stocks surge in trade; IndusInd Bank, Paras Defence in focus
Sensex Today | Stock Market LIVE Updates: In the broader markets, the Nifty Midcap 100 was up 0.16 per cent, and the Nifty Smallcap 100 was lower by 0.36 per cent 11:03 AM Stock Market LIVE Updates: 11 AM market update - Sensex, Nifty subdued in range bound trade Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty50 were muted in range bound trade on Wednesday, amid mixed global cues. At 11 AM, the BSE Sensex was higher by 44.96 points, or 0.06 per cent, at 80,333.34, and the Nifty 50 was at 24,347.75, ahead by 11.80 points, or 0.05 per cent. 10:49 AM Stock Market LIVE Updates: How to trade Gold today? Praveen Singh of Mirae Asset Sharekhan suggests Stock Market LIVE Updates: As of the time of writing on April 29th, spot gold was trading at $3,322, a decrease of approximately 0.65 per cent for the day, having fluctuated between $3,299 and $3,349. The MCX June gold contract was also down by nearly 0.40 per cent at ₹95,640. Despite weak US data, gold prices were slightly lower due to anticipation of US President Trump signing orders to remove tariffs on some auto imports and ongoing optimism regarding a potential easing of US-China trade tensions. READ MORE 10:38 AM Stock Market LIVE Updates: IndusInd Bank shares sink 3% as MD and CEO Kathpalia tenders resignation Stock Market LIVE Updates: IndusInd Bank's shares fell over 3 per cent in Wednesday's intraday trading after MD and CEO Sumant Kathpalia resigned, taking "moral responsibility" for derivative lapses that caused a nearly ₹2,000 crore loss. The stock dropped to ₹810.05 before recovering slightly to trade 2.15 per cent lower at ₹818 by 10:12 AM, contrasting with a marginal gain in the Nifty50. READ MORE 10:27 AM Stock Market LIVE Updates: Tankup Engineers shares list at 25% premium, surpassing IPO GMP estimates Stock Market LIVE Updates: Tankup Engineers, a mobility and storage solutions provider, had a strong debut on the NSE SME today (April 30), listing at ₹175 per share. This represents a 25 per cent premium (₹35) over its IPO issue price of ₹140. The listing price exceeded grey market predictions, which had indicated a premium of around ₹8 (5.71 per cent). READ MORE 10:20 AM Stock Market LIVE Updates: RBI approves interim leadership team after IndusInd CEO Kathpalia quits Stock Market LIVE Updates: Following the sudden resignation of MD and CEO Sumant Kathpalia, the Reserve Bank of India (RBI) has approved IndusInd Bank's proposal to form a temporary "Committee of Executives" to oversee operations. IndusInd Bank announced this regulatory approval, dated April 29, 2025, in a filing on Wednesday. Kathpalia's departure on Tuesday was attributed to his acceptance of "moral responsibility" for multiple failings identified in an internal review. READ MORE 10:11 AM Stock Market LIVE Updates: Trent shares drop 4% after Q4 earnings; results breakdown, analysis here Stock Market LIVE Updates: Tata Group's Trent Ltd. saw its shares plunge nearly 4 per cent on Wednesday after reporting a 54.8 per cent drop in profit for Q4 FY25 compared to the previous year. The fashion retailer's stock fell to an intraday low of ₹5,195, its biggest drop since April 25, before recovering slightly to trade 3.3 per cent lower at ₹5,212.5 by 9:32 AM, contrasting with a marginal gain in the Nifty50. This decline ended a two-day winning streak for the stock, which had gained over 15 per cent from its early-month low. READ MORE 9:57 AM Stock Market LIVE Updates: Why DIIs net sold index futures for last 8 days? Here's what F&O data says Stock Market LIVE Updates: The May futures and options series has begun with subdued activity, as the Nifty May futures have only edged up by 0.2 per cent in the first three trading sessions. Among other NSE index futures, Bank Nifty May has seen a modest gain of 0.3 per cent, while Nifty Next 50, MidCap Nifty, and Nifty Financial Services (FinNifty) futures have shown declines of 1.3 per cent, 0.6 per cent, and 0.5 per cent, respectively, over the same period. READ MORE 9:43 AM Stock Market LIVE Updates: Rupee opens stronger at 85.15/$ as oil falls; focus on India-Pak tensions Stock Market LIVE Updates: The Indian rupee began Wednesday's trading session on a stronger note, opening at 85.15 against the US dollar, up 10 paise from Tuesday's close of 85.25. This appreciation was supported by lower crude oil prices and consistent foreign investment in Indian equities, even as India-Pakistan border tensions persisted. The rupee had reached its strongest closing since December 20, 2024, at 84.96 on Monday before declining on Tuesday due to renewed geopolitical concerns and increased dollar demand, according to Amit Pabari of CR Forex Advisors. READ MORE 9:28 AM Stock Market LIVE Updates: Nifty PSU Bank falls over 1.5 per cent, realty gains 1 per cent Stock Market LIVE Updates: Among the sectoral index, Nifty PSU bank and media were down by 1.5 per cent each. Auto, energy, metal and consumer durables were also trading in red. 9:25 AM Stock Market LIVE Updates: A glance at broader markets Stock Market LIVE Updates: In the broader markets, BSE Midcap opened in green while smallcap index was down by 0.68 per cent. 9:24 AM Stock Market LIVE Updates: Index heatmap check Stock Market LIVE Updates: From the 30 Sensex constituents, 14 were trading in red at opening with Bajaj-twins as top losers 9:22 AM Stock Market LIVE Updates: Nifty50 opens in red Stock Market LIVE Updates: The benchmark NSE Nifty50 index was down 16.90 points or 0.07 per cent at 24,319.05 at opening. 9:19 AM Stock Market LIVE Updates: Sensex fall 170 points at open
Mint
30-04-2025
- Business
- Mint
Tankup Engineers share price makes a stellar debut, stock opens with 25% premium at ₹175 apiece on NSE SME
Tankup Engineers share price made a positive debut on NSE SME today. Tankup Engineers share price today opened at ₹ 175, which is 25% higher than the issue price of ₹ 140. The initial public offering (IPO) of Tankup Engineers had a subscription period that ran from Wednesday, April 23 until Friday, April 25. With a face value of ₹ 10, shares in the Tankup Engineers IPO are priced at ₹ 140. At least 1,000 of those shares are up for bid, and there are multiples of those shares available. Tankup Engineers IPO subscription status was 124.67 times on the last day of bidding. Established in 2020, Tankup Engineers Limited specializes in developing vehicle superstructures that offer intricate mobility and storage solutions. The company offers a variety of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The company emphasizes the design of tailored tanks for liquid, gas, or solid transportation or storage, customized to meet clients' specific needs regarding size, materials, capacity, and functionality. Its products serve numerous industries, including agriculture, mining, construction, logistics, aviation, defense, and infrastructure. The company operates a 2,665 sq. m facility in Lucknow, which is ISO certified and has been approved by PESO, as well as received the MSME ZED certification for Zero Defect Zero Effect manufacturing. According to the red herring prospectus (RHP), there are currently no listed companies in India with a similar operational model, making it impossible to compare their business with industry peers. Tankup Engineers IPO consists of a fresh issue of 13,95,000 equity shares, aggregating to ₹ 19.53 crore. There's no offer for sale (OFS) component. Tankup Engineers IPO aims to use the net proceeds for various purposes, including the full or partial repayment of certain outstanding loans, financing to fulfill working capital needs, and general corporate activities. Hem Securities Limited serves as the lead book-running manager for the Tankup Engineers IPO, while Bigshare Services Pvt Ltd acts as the registrar for the offering. Tankup Engineers IPO GMP today is +8. This indicates Tankup Engineers share price were trading at a premium of ₹ 8 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Tankup Engineers share price was indicated at ₹ 148 apiece, which is 5.71% higher than the IPO price of ₹ 140. According to the grey market activities over the past 14 sessions, the IPO GMP is rising today, indicating a potential for a robust listing. The minimum GMP recorded is ₹ 0.00, and the maximum GMP is ₹ 15. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 30 Apr 2025, 10:08 AM IST
