Tankup Engineers IPO Allotment Status

Summary

Tankup Engineers Limited, incorporated in 2020, is engaged in the manufacturing of vehicle superstructure for complex mobility and storage solutions. The Tankup Engineers IPO comes with a total issue size of ₹19.53 crore, comprising entirely a fresh issue of 13.95 lakh shares. The IPO opened on April 23, 2025, and closed on April 25, 2025. The allotment date for the Tankup Engineers IPO is expected to be finalized on Monday, April 28, 2025.

Don’t Miss Out on the Next Big IPO – Invest With Just a Few Clicks!

Open Account Now

Steps to Check Tankup Engineers IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "Tankup Engineers IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Tankup Engineers IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Tankup Engineers IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Tankup Engineers IPO Subscription Status

Tankup Engineers IPO received strong investor interest, being subscribed 124.67 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on April 25, 2025:

• Retail Category: 46.51 times
• Qualified Institutional Buyers (QIB): 43.65 times
• Non-Institutional Investors (NII): 437.62 times

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Debt Repayment: Repayment in full or in part, of certain of the outstanding borrowings
• Working Capital: Funding to meet working capital requirements
• General Corporate Purpose: Supporting various business initiatives
   

Business Overview 

The company offers products including self-bunded fuel tanks, mobile diesel bowsers, aircraft refuelers, fire tenders, and ground support equipment. Tankup Engineers specializes in manufacturing custom-built tanks for transporting or storing liquids, gases, or solids, tailored to client specifications in size, material, capacity, and functional features. The company serves sectors such as agriculture, mining, construction, logistics, aviation, defense, and infrastructure, with a team of approximately 45 employees as of March 31, 2024.