Latest news with #TankupEngineersIPO
Mint
28-04-2025
- Business
- Mint
Tankup Engineers IPO allotment date in focus today. Latest GMP, step-by-step guide to check allotment status online
Tankup Engineers IPO allotment date today: Tankup Engineers IPO share allotment will be finalised today (Monday, April 28). The investors who applied for the issue can check the Tankup Engineers IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. Tankup Engineers IPO subscription status on the third day of bidding was 124.67 times, as per The subscription period for the initial public offering, Tankup Engineers Ltd, opened on Wednesday, April 23, and end on Friday, April 25. Investors can check the details of their allotment to see how many shares they have received, if any. The status of the IPO allocation will also show the number of shares that have been assigned to them. Applicants who do not receive any shares will initiate the process for refunds. Their demat accounts will be credited with the shares that have been allocated to them. Individuals who received shares will have their demat accounts credited on Tuesday, April 29. The refund procedure will also begin on Tuesday. Tankup Engineers IPO listing date is fixed for Wednesday, April 30 on NSE SME. To enter your login credentials directly, go to the Bigshare URL, - Link to the IPO allocation for Tankup Engineers. From the available options, select the company "Tankup Engineers IPO." Choose 'PAN Number, Beneficiary ID, or Application No./CAF No.' Just click on "Search." You can use either a computer monitor or the display on your phone to view. Tankup Engineers IPO GMP or Tankup Engineers IPO grey market premium is +14 . This indicates Tankup Engineers share price were trading at a premium of ₹ 14 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 ₹ 154 apiece, which is 10% higher than the IPO price of ₹ 140. According to the last 12 sessions of grey market activities, the IPO GMP is trending upward today, suggesting a strong listing. The lowest GMP recorded is ₹ 0.00, while the highest is ₹ 14, as per experts at '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: 28 Apr 2025, 02:45 PM IST
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Business Standard
25-04-2025
- Business
- Business Standard
Last Day! Tankup Engineers IPO ends today; subscription rises 3x, GMP at 7%
Tankup Engineers IPO subscription status: The three-day subscription window to bid for the initial public offering (IPO) of Tankup Engineers is set to conclude for public subscription today, Friday, April 25, 2025. The NSE SME offering has received a decent response from investors so far. Data available on the National Stock Exchange (NSE) suggests that the Tankup Engineers IPO has been oversubscribed by 2.93 times by the end of the second day of subscription on Thursday, April 24. Tankup Engineers IPO details Tankup Engineers IPO comprises an entirely fresh issue of 1.4 million equity shares with no offer for sale (OFS) component. The public offering is available at a price band of Rs 133–Rs 140 per share, with a lot size of 1,000 shares. Investors can bid for a minimum of 1,000 shares and in multiples thereof, requiring a minimum investment amount of Rs 1,40,000. Tankup Engineers IPO grey market premium (GMP) Meanwhile, the unlisted shares of Tankup Engineers were trading at around ₹147 per share in the grey markets, according to sources tracking unofficial market activities. This reflects a grey market premium of Rs 7 per share, or 5 per cent, over the upper end of the issue price of Rs 140. Tankup Engineers IPO allotment, listing date Once the subscription window concludes, the basis of allotment for Tankup Engineers IPO shares is likely to be finalised on Monday, April 28, 2025. The successful allottees will receive the company's shares in their demat accounts by Tuesday, April 29, 2025. Tankup Engineers shares are slated to list on the NSE SME, tentatively on Wednesday, April 30, 2025. Tankup Engineers IPO registrar, lead manager Bigshare Services is the registrar for the SME offering, while Hem Securities acts as the sole book-running lead manager. Tankup Engineers IPO objective Tankup Engineers intends to utilise the proceeds from the public offering for the repayment, in full or in part, of certain outstanding borrowings. The company further proposes to use the remaining proceeds for funding working capital requirements and general corporate purposes. ALSO READ | Ather Energy IPO to end 2-months silence in mainboard segment; details here About Tankup Engineers Tankup Engineers manufactures specialised vehicle superstructures for complex mobility and storage solutions, catering to industries like petroleum, mining, and defense. The company fabricates large containers and tank-like solutions for transporting and storing liquids, gases, and solids. The company's manufacturing activity focuses on the fabrication of tanks dedicated to delivering mobile solutions that may be deployed for a wide range of commercial use.
Mint
23-04-2025
- Business
- Mint
Tankup Engineers IPO subscribed 31% on day 1 so far, retail portion booked 59%; check GMP, subscription status, more
Tankup Engineers IPO commenced subscription on Wednesday, April 23, and will conclude on Friday, April 25. Tankup Engineers IPO price band has been set between ₹ 133 and ₹ 140 for each equity share with a face value of ₹ 10. Bids can be placed for a minimum of 1,000 equity shares, with additional bids in increments of 1,000 shares. Founded in 2020, Tankup Engineers Limited is dedicated to creating vehicle superstructures that provide complex mobility and storage solutions. The company provides a range of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The firm focuses on designing custom tanks for the transportation or storage of liquids, gases, or solids, customized to fulfill the specific requirements of clients concerning dimensions, materials, capacity, and function. Its offerings cater to various sectors, such as 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 received approval from PESO, along with the MSME ZED certification for Zero Defect Zero Effect manufacturing. As stated in the red herring prospectus (RHP), there are currently no publicly listed companies in India that operate similarly to theirs; thus, an industry comparison related to their business is not possible. Tankup Engineers IPO subscription status is 31%, on day 1, so far. The retail portion was subscribed 59%, and NII portion was booked 12%. At 13:49 IST, the company has received bids for 2,88,000 shares against 9,40,000 shares on offer, according to data on 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' initial public offering intends to utilise the net funds raised for multiple purposes, which encompass the complete or partial repayment of specific existing loans, funding to meet working capital demands, and general corporate purposes. Hem Securities Limited is the primary book-running manager for the Tankup Engineers IPO, while Bigshare Services Pvt Ltd functions as the registrar for the offering. Tankup Engineers IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 140 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Mint
23-04-2025
- Business
- Mint
Tankup Engineers IPO tries to sail through on day 1, retail portion booked 59%; check GMP, subscription status, more
Tankup Engineers IPO commenced subscription on Wednesday, April 23, and will conclude on Friday, April 25. Tankup Engineers IPO price band has been set between ₹ 133 and ₹ 140 for each equity share with a face value of ₹ 10. Bids can be placed for a minimum of 1,000 equity shares, with additional bids in increments of 1,000 shares. Founded in 2020, Tankup Engineers Limited is dedicated to creating vehicle superstructures that provide complex mobility and storage solutions. The company provides a range of products, including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. The firm focuses on designing custom tanks for the transportation or storage of liquids, gases, or solids, customized to fulfill the specific requirements of clients concerning dimensions, materials, capacity, and function. Its offerings cater to various sectors, such as 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 received approval from PESO, along with the MSME ZED certification for Zero Defect Zero Effect manufacturing. As stated in the red herring prospectus (RHP), there are currently no publicly listed companies in India that operate similarly to theirs; thus, an industry comparison related to their business is not possible. Tankup Engineers IPO subscription status is 31%, on day 1, so far. The retail portion was subscribed 59%, and NII portion was booked 12%. At 13:49 IST, the company has received bids for 2,88,000 shares against 9,40,000 shares on offer, according to data on 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' initial public offering intends to utilise the net funds raised for multiple purposes, which encompass the complete or partial repayment of specific existing loans, funding to meet working capital demands, and general corporate purposes. Hem Securities Limited is the primary book-running manager for the Tankup Engineers IPO, while Bigshare Services Pvt Ltd functions as the registrar for the offering. Tankup Engineers IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 140 with no premium or discount in the grey market according to '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: 23 Apr 2025, 01:56 PM IST
India Today
22-04-2025
- Automotive
- India Today
Tankup Engineers IPO: Check price, dates, GMP and should you subscribe?
After a quiet spell in the Small and Medium Enterprise Initial Public Offering (SME IPO) market, Tankup Engineers, known for building specialised vehicle superstructures, is bringing some action back as it is set to hit Dalal Street this week. The company will launch its first public issue on April 23, company aims to raise Rs 19.53 crore through a fresh issue of 13.95 lakh shares. The IPO will open for subscription on April 23, 2025 and will close on April 25, 2025, while the shares are expected to be allotted on April IPO of Tankup Engineers is likely to be listed on the NSE SME platform on April 30, DETAILS AND PRICE BAND The price band has been fixed between Rs 133 to Rs 140 per share. For retail investors, the minimum lot size is 1,000 shares, which means you'll need at least Rs 1,33,000 to apply. However, it's advised to bid at the upper price of Rs 140, making the investment around Rs 1,40,000, to avoid missing out in the case of for high-net-worth individuals (HNIs), the minimum is two lots (2,000 shares), which requires Rs 2,80, MARKET PREMIUM (GMP)As of April 22, 2025, the GMP of Tankup Engineers IPO is Rs 0, which indicates that no premium is quoted in the grey market. With a cap price of Rs 140, the anticipated listing price is still the same, i.e., Rs 140 per share, reflecting no short-term listing gain or OVERVIEW AND BACKGROUNDadvertisementFounded in 2020, Tankup Engineers Ltd designs and manufactures vehicle superstructure for complex mobility and storage solutions. Its range includes fuel tanks, fire tenders, mobile bowsers, aircraft refuellers, and ground support equipment. These products are custom-made based on the client's needs, size, material, and company supplies to many sectors, like agriculture, construction, logistics, mining, aviation, defence, and IPO proceeds will be used for funding to meet working capital requirements, repayment of certain outstanding borrowings, and general corporate YOU SUBSCRIBE?While the company operates in a niche space and has a diversified client base, the zero GMP suggests lukewarm demand in the unofficial market. Investors should look into the company's financials, order book, and growth potential before making a decision.
